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Aradel surges 5.7% as NGX selloff claims another ₦443bn
Aradel Holdings snapped a brutal two-day losing streak on August 21, but the broader Nigerian equities market kept sliding for a ninth straight session.
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Fidelity Bank drops 2.44% as NGX sell-off drags on
Fidelity Bank slid to ₦20.00 a share as the Nigerian Exchange extended a brutal losing streak that has now erased nearly ₦6 trillion in market value.
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NESG sees Nigeria’s reserves climbing to $53bn
The NESG projects external reserves will reach $53 billion by December 2026, but 15.5% inflation and a shrinking factory sector could test the momentum.
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Conoil drops 10% as selling pressure sweeps across NGX
Conoil fell to ₦189 per share as the Nigerian Exchange posted its eighth straight session of losses, erasing trillions in market value.
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Dangote offers 30% stake to three East African nations
Dangote is carving out a $1.5 billion slice of his planned Kenyan mega refinery for regional governments eager to buy in.
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Dangote raises petrol by ₦20 yet still undercuts rivals
Dangote Petroleum Refinery hiked its wholesale petrol price for the first time in weeks. Rival depots across Lagos are still charging more per liter despite the ₦20 increase.
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TotalEnergies Nigeria drops 10% in one session
TotalEnergies Marketing Nigeria hit the NGX daily price floor as the broader market logged its longest losing streak of 2026.
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Sterling draws 185,000 shares as NGX sentiment sours
Sterling Financial Holdings drew over 185,000 shares on August 19 without budging from ₦7.75, while the Nigerian Exchange shed ₦556 billion in its seventh straight session of losses.
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UBA’s half-year results await CBN’s green light
UBA approved its H1 2026 audited financials on August 13, but the numbers remain sealed until the Central Bank of Nigeria clears them for release.
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Oyedele breaks down where Nigeria’s ₦15.8tn went
Oyedele’s reform scorecard shows the Federal Government kept only ₦5.43tn of the ₦15.8tn in subsidy savings while spending pressures ballooned to ₦30.64tn
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FG pushes banks to tap $14.8bn women’s finance gap
Nigeria’s government is calling on banks and fintechs to redesign lending models and capture an unclaimed women’s finance gap worth billions annually.
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Tijani reveals $750M plan to reshape Nigeria’s cloud
Tijani’s new cloud policy puts the federal government’s buying power on the table to attract private investors to build local digital infrastructure.
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Standard Bank chases OPay stake before $4B US IPO
Africa’s largest lender is in discussions to buy into OPay before the Nigerian fintech lists its shares in New York later this year.
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World Bank reveals Africa’s trade problem starts at home
A new World Bank report finds that 60% of Africa’s trade costs originate inside countries, not at borders, raising hard questions about where integration efforts should focus.
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First HoldCo slips to ₦130 as big banks trade sideways
First HoldCo shares dropped to their lowest level in two weeks while GTCO, Zenith, and UBA barely moved, as the NGX shed ₦544 billion in a single session.
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Airtel Africa adds $15m more firepower to share buyback
Airtel Africa expanded its Barclays buyback agreement just three months into a program that has already consumed over 18 million shares, and the company is not slowing down.
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Skyway Aviation hits a 52-week peak then drops 10%
Skyway Aviation opened at its highest price in a year before a broad NGX selloff dragged it to the daily loss limit, raising fresh questions about the stock’s valuation.
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Otedola deepens First HoldCo grip with 147m shares
Otedola’s Calvados Global Services just dropped another ₦20.68 billion on First HoldCo stock, pushing his ownership past 26% as the billionaire chairman inches closer to a regulatory tripwire.
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Ecobank scraps non-exec tenure cap in board reboot
Ecobank shareholders approved a governance overhaul on August 13, 2026, reshaping board size, quorum thresholds, and director tenure rules across the pan-African lender.
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Geregu Power taps three-decade veteran as acting CEO
Geregu Power names a new acting chief executive just days after a bond default and collapsing revenue rattled investors on the Nigerian Exchange.
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Tinubu sets new bar for what a working refinery means
Nigeria’s president draws a sharp line between refinery activity and refinery profitability as billions in rehabilitation spending face fresh scrutiny.
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NGX volume surges 127%, but the market still fell
NGX trading activity more than doubled in a single week as investors swapped 12.15 billion shares, yet the All-Share Index still closed lower.
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NGX rewrites the rules for Nigeria’s priciest stocks
NGX’s revised pricing framework could reshape how much capital it takes to move premium stock prices on the Nigerian exchange.
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BUA Foods sinks 6% as food stocks face a selling wave
BUA Foods drops to ₦714 per share as Nascon hits the NGX 10% daily limit and Northern Nigeria Flour Mills falls close behind.
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Transcorp Power slides to 52-week low in Friday rout
Transcorp Power sat at its 52-week floor of ₦219.60 on August 14 as the broader NGX selloff dragged the stock deeper into yearly-low territory.
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PwC warns of tax traps in Nigeria’s crypto rules
PwC Nigeria flagged critical gaps in the country’s first virtual asset tax framework that could over-tax compliant crypto investors and exchanges.
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Dangote Sugar lands ₦486bn despite crushing debt
Dangote Sugar pulled off one of Nigeria’s largest equity raises with investors piling in, even as the refiner carried a staggering ₦628 billion debt load on its books.
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Transcorp Hotels stumbles 9% from its 52-week peak
Transcorp Hotels shed ₦20.90 per share in a single session as profit-taking dragged Nigeria’s biggest hospitality stock away from record territory, but the story underneath the selloff may surprise you.
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Dangote Refinery shelves foreign listing for 3+ years
Dangote Refinery is preparing what could become Africa’s largest IPO, but the company’s CEO just slammed the brakes on a key part of the global expansion plan.
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Nestle holds at ₦2,800 while peers crumble around it
Nestle Nigeria barely moved on August 13 as BUA Foods, Guinness, and NASCON each shed roughly 10% in a consumer goods rout that erased N613 billion from the NGX.