News
Nigeria bets big on 3 million barrels by 2030
Nigeria’s upstream regulator says the country can reach 3 million barrels a day by 2030, but the gap between ambition and execution has swallowed promises before.
Damilola EsebameJul 21, 2026
Finance Category
News
Page 21 of 32
News
First HoldCo profit surges 82% as assets top ₦30trn
First HoldCo delivered its strongest half-year on record, but a closer look at the numbers raises questions about what is driving the gains.
Hillary RemyJul 20, 2026
News
NGX tops ₦157 trillion even as trading thins out
The NGX added ₦612 billion in market value, but a sharp drop in trading volume suggests the rally is running on a thinner crowd.
Damilola EsebameJul 20, 2026
News
Nigerian Breweries trades 150,000 shares yet stays flat
Nigerian Breweries closed unchanged at ₦75.00 on a day when First HoldCo alone commandeered nearly half of all NGX trading value, raising fresh questions about investor conviction ahead of the brewer’s July 27 earnings report.
Peace LongeJul 20, 2026
News
Access Bank sells 7.44% Ghana stake to deepen local grip
Access Bank offloaded over 12 million shares in its Ghanaian subsidiary, but the regulatory pressure behind the deal tells a bigger story.
Damilola EsebameJul 19, 2026
News
First HoldCo hits 52-week high amid the NGX gloom
First HoldCo posted three consecutive near-limit-up sessions while blue chips across the Nigerian Exchange cratered by 10%, and one billionaire’s bet crossed $641 million in the process.
Hillary RemyJul 19, 2026
News
Transcorp Power loses ₦24bn in revenue amid vandalism
Transcorp Power posted ₦182 billion in half-year revenue, but infrastructure sabotage dragged its top line well below last year’s pace.
Peace LongeJul 19, 2026
News
Dangote nears $2.5bn raise ahead of record African IPO
A pre-IPO share sale for Dangote’s mega-refinery pulled in far more than expected, and the real test is still to come.
Damilola EsebameJul 18, 2026
News
CBN gives BDCs just 24 hours to offload unused dollars
The CBN has rolled out a digital surveillance system that tracks every dollar BDC operators purchase, and any unsold foreign exchange must go back to the market within a day.
Hillary RemyJul 17, 2026
News
Tinubu stakes $3.05bn on banishing extreme poverty
President Bola Ahmed Tinubu commits $3.05 billion in World Bank-backed funding to five social programs, but with 140 million Nigerians below the poverty line, the gap between reform and relief remains wide.
Damilola EsebameJul 17, 2026
News
Transcorp Hotels tumbles from 52-week high in one day
Transcorp Hotels shares opened at their highest price in a year on July 16, 2026, then dropped roughly 10% by the close as profit-taking swept across NGX heavyweight stocks.
Peace LongeJul 17, 2026
News
Nestle slips ₦312 on a single trade in thin NGX session
Nestle Nigeria lost 10% of its share value on just one unit traded, raising fresh questions about blue-chip liquidity on the exchange.
Hillary RemyJul 16, 2026
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