News
Stanbic ETF stumbles 8% as Nigerian funds face brutal selloff
Something shifted on the Nigerian Exchange on June 4, 2026, and the ETF market made it impossible to ignore.
Peace LongeJun 5, 2026
Editorial
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News
Naira breaks below ₦1,360 as CBN reserves near $50b
On June 4, 2026, the naira settled at N1,359.75 per dollar at the official Nigerian Foreign Exchange Market window.
Tobi Opeyemi AmureJun 5, 2026
News
NGX slips again as ₦290bn vanishes in June’s fourth loss
Something unusual happened on the Nigerian Exchange on June 4, 2026, a session that deepened the market’s losing streak to four straight trading days.
Damilola EsebameJun 5, 2026
News
Nestle Nigeria stumbles as shares shed 10% in a day
A stock that had gained 59% in 2026 heading into the session and posted a record revenue turnaround just months ago fell 10% in one trading session.
Hillary RemyJun 4, 2026
News
Dangote Cement slides below ₦1,100, shaking investors
Dangote Cement opened trading on June 3, 2026, at ₦1,180 per share and never recovered from the selling pressure that followed.
Damilola EsebameJun 4, 2026
News
NGX ETFs split as Meristem pair rockets 10% in a day
On June 1, 2026, the Nigerian Exchange’s ETF board told two very different stories at the same time.
Damilola EsebameJun 3, 2026
News
Nigeria’s reserves surge past $49bn in May, eyeing more
Nigeria ended May 2026 with $49.58 billion in external reserves, a figure that seemed improbable when the country’s foreign exchange cushion sat at roughly $32 billion in mid-April 2024.
Hillary RemyJun 3, 2026
News
Seplat Energy slips below ₦10,400 on thin trading
Seplat Energy closed at ₦10,355 on June 2, 2026, tumbling from an opening price of ₦11,486.20 on the Nigerian Exchange premium board.
Peace LongeJun 3, 2026
Credit & Loans
The SBA Loan Program Most Small Business Owners Overlook
The 7(a) loan gets the headlines and the consultant pitches, but a smaller SBA program quietly funds tens of thousands of the borrowers traditional banks turn down.
Tomisin SanyaJun 3, 2026
News
Airtel Africa snaps up more shares in latest June buyback
Airtel Africa keeps pulling its own stock off the open market as part of a $110 million capital reduction program that has already retired millions of shares.
Damilola EsebameJun 1, 2026
News
Tin Can port rakes in ₦401bn in just one quarter
A single customs command at one Lagos seaport just pulled in more revenue in three months than many federal agencies collect in a full year.
Damilola EsebameMay 25, 2026
News
S&P lifts 7 Nigerian banks after sovereign upgrade
If you hold money in a Nigerian bank or follow African markets, a significant shift just landed on global investors’ radar.
Peace LongeMay 22, 2026
News
Dangote Refinery IPO draws $2bn before September launch
Aliko Dangote spent over a decade building the largest single-train oil refinery on Earth, and it has not gone public yet.
Hillary RemyMay 21, 2026
News
Cardoso holds firm on 26.5% rate as fuel costs surge
For eleven straight months, Nigeria’s inflation rate had been falling, rewarding one of the most aggressive monetary tightening campaigns on the continent.
Damilola EsebameMay 21, 2026
News
CBN faces tough call as MPC meets amid rising inflation
For eleven straight months, Nigeria’s inflation moved in the direction borrowers and business owners wanted: downward.
Tobi Opeyemi AmureMay 20, 2026
News
Dangote, BUA Foods, MTN stun NGX with 2026 surge
If you have been watching the Nigerian Exchange in 2026, you have probably noticed something the consensus models did not see coming this fast.
Peace LongeMay 20, 2026
News
BUA Cement finance income explodes 638% in just one quarter
Something unusual showed up in BUA Cement’s first-quarter filing for 2026, buried several pages past the profit headlines that grabbed most of the coverage.
Hillary RemyMay 20, 2026
News
DMO rolls out N600 billion offer with 22.60% coupon
If you have watched Nigerian fixed-income markets at all this year, the level of government yields is no longer a surprise to you.
Peace LongeMay 18, 2026
News
S&P lifts Nigeria’s rating after 14 long years of waiting
For 14 years Nigeria sat in the same corner of the global credit map, slipping further into territory investors call speculative.
Damilola EsebameMay 18, 2026
News
OPay’s IPO quietly lists 40 million Nigerians, too
OPay’s planned US stock market listing has been reported by Bloomberg, citing people familiar with the deal, as a $4 billion fintech milestone, with three Wall Street banks running the offering.
Hillary RemyMay 17, 2026
News
AfDB channels $200 million into Nigeria’s industrial future
If you run a small business in Nigeria, finding affordable, long-dated capital can feel difficult given the cost of credit nationally.
Hillary RemyMay 16, 2026
News
FMDA projects inflation creeping back to 16.42%
For eleven consecutive months, Nigeria’s inflation rate moved in one direction: down, from a peak of 27.4% to a five-year low.
Hillary RemyMay 14, 2026
News
FG braces investors for N600bn bond auction next week
Nigeria’s federal government is returning to the domestic debt market with a fresh bond offering that carries notable signals for fixed-income investors. The Debt Management Office published its May 2026 offer circular on May 12, outlining plans to raise N600 billion through two reopened instruments. The auction is scheduled for May 18 with settlement on […]
Damilola EsebameMay 13, 2026
News
Tinubu reveals Nigeria will spend $11.6bn on debt service in 2026
Nigeria will hand over roughly $11.6 billion to creditors this year, a sum that swallows nearly half of everything the government expects to collect in revenue. President Bola Tinubu put that number on the record at an international summit in Nairobi on May 12, 2026. The disclosure was not buried in a budget document or […]
Hillary RemyMay 13, 2026
News
Nestlé and NB surge to profit as FX storm fades
For nearly two years, Nestlé Nigeria Plc and Nigerian Breweries Plc bled cash at a pace that spooked even seasoned Lagos investors. Foreign exchange chaos wiped hundreds of billions of naira off their bottom lines and forced both to suspend dividends. That picture has flipped with startling speed, and the numbers landing on the Nigerian […]
Damilola EsebameMay 13, 2026
News
CBN forex window sees naira inch toward ₦1,350 mark
At the start of 2026, most of Nigeria’s top economists expected the naira to trade between ₦1,430 and ₦1,500 against the dollar. A few optimistic voices floated ₦1,350 as a best case, but the consensus treated it as aspirational. Five months later, the official Nigerian Foreign Exchange Market has delivered a number that those forecasters […]
Hillary RemyMay 12, 2026
News
Zenith Bank targets 20% loan growth after masked 2025
On the surface, Zenith Bank’s 2025 loan book barely moved, expanding by a mere 0.6% over the full financial year. For investors scanning annual reports, that number looked like stagnation from one of Nigeria’s most prominent Tier-1 lenders. According to a fresh equity research note from CardinalStone, the real story was buried beneath a regulatory […]
Peace LongeMay 12, 2026
News
Unilever Nigeria’s N32.2bn profit rewrites its five-year streak
Five years ago, Unilever Nigeria posted N3.4 billion in after-tax profit, a modest figure for one of the country’s oldest manufacturers. Since then, every single financial year has delivered a higher number than the one before it. The 2025 result broke the pattern wide open. After-tax profit landed at N32.2 billion, more than double the […]
Peace LongeMay 12, 2026
News
Dangote eyes $50bn valuation in bold refinery listing
Africa’s biggest single industrial bet is heading for its biggest financial test, and the price tag attached to it has nearly doubled. Less than a year ago, the Dangote Petroleum Refinery and Petrochemicals FZE was valued in the $20 billion to $25 billion range by most analysts. The figure now being pitched to global investors […]
Damilola EsebameMay 12, 2026
News
FUGAZ banks set aside N153bn for Q1 loan losses
Nigeria’s five biggest tier-one lenders just released their first quarter 2026 financial statements, and the impairment numbers tell a striking story. Combined provisions on customer loans across First HoldCo, United Bank for Africa, Guaranty Trust, Access Holdings, and Zenith reached roughly N153 billion in the period. That figure runs about 36% above what the same […]
Tobi Opeyemi AmureMay 12, 2026
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