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Nigeria’s 18 biggest listed companies earned ₦3.02 trillion in H1 2026, yet their customers still owe them ₦4.83 trillion in unpaid invoices that have yet to convert to cash.
Nigeria’s SEC has approved Dangote Petroleum Refinery’s public share sale, putting the order book for 4.1 billion shares on course to open within days.
Serigne Dioum wants to convert MTN’s 317 million telecom subscribers into active MoMo financial services users through lending, merchant payments, and ecosystem partnerships.
Dangote’s 650,000-barrel-per-day refinery is about to test Africa’s capital markets with a $5 billion public offering that could reshape the continent’s investment landscape.
Bolt vows to stay in Nigeria after Uber’s sudden exit, but the same cost pressures that pushed its rival out have not gone anywhere.
A single number from the new U.S. consul general in Lagos reveals just how much American tech money powers Nigeria’s startup machine.
Uber ends 12 years in Nigeria as the ride-hailing giant cuts 3,300 jobs and shrinks its African presence to just four countries.
Seplat’s planned 2026 payout would represent close to half of every dollar the company has ever returned to shareholders.
CNG investment in Nigeria has crossed $2 billion and converted 120,000 vehicles, but the real test of whether cheaper fuel means cheaper fares starts now.
Dangote Refinery pushed Nigeria’s oil refining growth to its highest print under the rebased GDP series, fresh NBS data confirms.
Paystack has absorbed a Nigerian card-issuing startup it bought in 2025, its third acquisition in 18 months.
Nigeria posted its strongest second-quarter GDP growth in five years, but the headline hides a sharp sectoral split that could shape the economy for the rest of 2026.
Moove pulled off the largest single funding round by an African startup in 2026, and it is betting everything on robotaxis.
Yellow Card just closed a $40 million round, but the investor names on the cap table tell a bigger story about where global payments are heading.
OPay is reportedly preparing to list shares on the Nigerian Exchange, a move that could deliver the first technology IPO since the bourse’s Tech Board launched in 2022.
Moniepoint pulled MonieWorld from the UK remittance market after roughly 16 months, and the retreat carries uncomfortable implications for every African fintech eyeing international expansion.
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.
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.
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.
Conoil fell to ₦189 per share as the Nigerian Exchange posted its eighth straight session of losses, erasing trillions in market value.
Dangote is carving out a $1.5 billion slice of his planned Kenyan mega refinery for regional governments eager to buy in.
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.
TotalEnergies Marketing Nigeria hit the NGX daily price floor as the broader market logged its longest losing streak of 2026.
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.
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.
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
Nigeria’s government is calling on banks and fintechs to redesign lending models and capture an unclaimed women’s finance gap worth billions annually.
Tijani’s new cloud policy puts the federal government’s buying power on the table to attract private investors to build local digital infrastructure.
Africa’s largest lender is in discussions to buy into OPay before the Nigerian fintech lists its shares in New York later this year.
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.
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.
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.
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.
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.
Ecobank shareholders approved a governance overhaul on August 13, 2026, reshaping board size, quorum thresholds, and director tenure rules across the pan-African lender.
Geregu Power names a new acting chief executive just days after a bond default and collapsing revenue rattled investors on the Nigerian Exchange.
Nigeria’s president draws a sharp line between refinery activity and refinery profitability as billions in rehabilitation spending face fresh scrutiny.
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.
NGX’s revised pricing framework could reshape how much capital it takes to move premium stock prices on the Nigerian exchange.
BUA Foods drops to ₦714 per share as Nascon hits the NGX 10% daily limit and Northern Nigeria Flour Mills falls close behind.
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.
PwC Nigeria flagged critical gaps in the country’s first virtual asset tax framework that could over-tax compliant crypto investors and exchanges.
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.
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.
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.
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.
The VAT increase rumor in Nigeria refuses to die, but the final law tells a different story from the one most people heard first.
The Nigeria Tax Act forces parent companies of large multinational groups to pay a top-up tax in Nigeria, closing gaps that once let profits sit untaxed in low-rate jurisdictions abroad.
Seplat Energy has locked in the naira conversion rate for its record quarterly dividend, and the number carries real weight for every NGX shareholder expecting a deposit on August 28.
Dangote Sugar closed higher on a session that wiped ₦1.76 trillion from the NGX, and the reason goes beyond one good day.
BUA Cement shares fell nearly 9% in a single session, dragged down by broad selling pressure that erased trillions in NGX market value.
Zenith Bank and GTCO closed lower on August 11 as Fidelity Bank, Sterling, and Wema Bank posted gains in a session that wiped ₦1.17 trillion from the NGX.
Guinness Nigeria shed nearly 9% on August 11 as a sweeping selloff erased N1.17 trillion from the Nigerian Exchange in one session.
An NGX Group employee offloaded 85,000 shares in one transaction, raising fresh questions about insider confidence at the exchange operator.
The AfDB says West Africa’s $90 billion financing gap has less to do with missing money and more to do with how existing capital sits idle.
Aradel Holdings shed ₦152.60 per share in a single trading session, and the reasons behind the sell-off may not be what you expect.
Customs pulled in more revenue in six months than most government agencies collect in a full year, and the agency says it is only getting started.
MTN Nigeria slipped below ₦810 on 10 August 2026 while Airtel Africa punched through its 52-week ceiling on the same NGX premium board.
NPF Microfinance Bank traded 989,978 shares in a single session on the NGX, raising questions about what is driving the unusual volume at these price levels.
Airtel Africa has now snapped up more than 17 million of its own shares in under three months, with every single one headed for permanent cancellation.
A soft loan without interest in Nigeria sounds ideal, but only a handful of government-backed and cooperative-based programs genuinely deliver on that promise for ordinary borrowers.
The FG student loan NELFUND login portal at nelf.gov.ng is where Nigerian students in public institutions apply for interest-free tuition and upkeep funding, but the process involves verification steps most applicants miss.
Dangote Cement crossed a key psychological price threshold as selling pressure hit blue-chip stocks across the Nigerian Exchange on August 7, 2026.
Nigeria’s $1trn economy ambition just got a bold endorsement from the NGX Group chairman, but the growth math behind the claim tells a harder story.
BUA Cement led a broad retreat in building materials stocks on the NGX on August 7, despite posting 79% profit growth just weeks earlier.
An NGX Group employee sold 25,000 ordinary shares worth ₦3.5 million, and the timing of the transaction is drawing attention from market watchers tracking insider activity across the exchange operator’s stock.
Julius Berger, one of the NGX’s best-performing infrastructure stocks in 2026, just lost nearly 10% on a trade so thin it exposes a deeper structural problem on the exchange.
Zenith Bank gained ground on the Nigerian Exchange as GTCO and UBA finished in the red, highlighting a split in sentiment across Nigeria’s biggest banking stocks.
Nigerian families are walking away from homes, cars, and investments as food costs swallow household budgets, new CBN data shows.
Nigeria’s latest inflation expectations data shows the squeeze is not falling evenly across income groups, and the hardest-hit earners may surprise you.
MTN Nigeria dropped to ₦799 on the NGX as Airtel Africa surged nearly 10% to a record close, splitting the telecom sector in a single session.
Otedola’s Calvados Global Services spent N18.1 billion on fresh First HoldCo shares as the banking group’s stock touched an all-time high on the Nigerian Exchange.
NCR Nigeria’s 74th annual general meeting put a shrinking ₦80.3 million manager compensation figure in front of shareholders, while a string of governance changes flew under the radar.
TotalEnergies Marketing Nigeria lost a tenth of its stock value in a single NGX session, and the volume behind the drop raises uncomfortable questions about price discovery.
Guinness Nigeria dropped nearly 10% on August 5 as official closing prices fell across multiple sectors of the Nigerian Exchange amid thin trading volumes and ongoing profit-taking.
Wema Bank barely moved on August 5 while large-cap stocks stumbled across the NGX, and its half-year earnings may hold the answer.
The Nigeria Tax Act 2025 has reshaped stamp duty rules in Nigeria 2026 by eliminating a long-standing contractor deduction and redefining which instruments are actually chargeable under the law.
The laws repealed by the Nigeria Tax Act 2025 include ten standalone statutes, from company income to stamp duties, replaced by one unified code.
BUA Foods shed a tenth of its value on the NGX in a single session, but the number of shares that actually changed hands raises more questions than the price drop itself.
Dangote Cement closed at exactly ₦1,000 on August 4 after opening the session at ₦1,034, landing on a round-number support level that could shape how investors approach Africa’s largest cement stock in the sessions ahead.
MTN Nigeria shed 6.5% to close at ₦790 on August 4, but the official list’s record of just 10 board-traded units raises more questions than the price drop itself.
Skyway Aviation shed nearly 10% on August 3 after opening at its 52-week peak, raising questions about whether the stock’s 93% year-to-date rally has finally run out of fuel.
Airtel Africa purchased nearly 800,000 shares in just two trading sessions, pushing its ongoing buyback past 15.9 million shares since May.
Oando swung from an operating loss to a ₦128 billion operating profit, but a familiar threat still looms beneath the surface.
Transcorp Power closed at ₦197.70 on August 3, falling below a floor that had held for a full year, as transmission vandalism and shrinking revenue weigh on investor confidence in the utility stock.
Aradel Holdings delivered a record ₦1.06 trillion in operating profit for H1 2026, but the bottom line tells a far more complex story beneath the surface.
Vitafoam Nigeria posted a 45% jump in nine-month net profit, fueled by a dramatic reduction in borrowing costs that unlocked billions in earnings capacity.
BUA Foods delivered wider margins and a bigger bottom line in H1 2026, even as topline revenue fell by more than ₦147 billion.
Seplat is trimming its stake in the NNPC-SEPNU joint venture, freeing cash for a special dividend and quicker debt paydown across 2026.
Seplat Energy declared its highest quarterly dividend on record at 12 cents per share, raising fresh questions about what fueled the rare bonus and whether it can last.
Dangote Cement erased its entire net debt position and entered cash surplus territory within a single half-year reporting period.
Airtel Africa just printed a fresh all-time high on the Nigerian Exchange, and the numbers behind the rally suggest this telecom giant may only be warming up.
The CBN’s 2025 annual report shows autonomous inflows now account for nearly two-thirds of Nigeria’s foreign exchange supply, signaling a structural shift away from central bank-driven liquidity.
Nascon Allied Industries posted its strongest half-year earnings in recent memory, but the profit surge hides a growing tension buried in its balance sheet.
The Nigeria Tax Act reshaped self-employed tax obligations for sole proprietors, and the real cost depends on which structure you choose.
Nigeria’s TIN registration online now runs through a single NRS portal, and millions of old TINs issued under the defunct JTB system need fresh verification before they work again.
Okomu Oil saw its share price nearly double in twelve months, but one analyst firm sees a steep fall ahead.
Airtel Africa’s buyback machine keeps grinding, with over 15 million shares now pulled from the open market since May
NPF Microfinance Bank posted ₦2.04 billion in half-year profit, but a 121% spike in funding costs hints at deeper pressure beneath the surface.
Ecobank posted a healthy profit for the first half of 2026, but a 40% spike in impairment charges tells a different story beneath the surface.
Malpass argues one currency reform could unlock a transformation rivaling China’s 1993 boom, but the naira stands in the way.
Nigeria has no statutory loan app interest rate cap, but FCCPC disclosure rules and CBN interest rate guidance shape what digital lenders can legally charge borrowers.
Most apps advertise weekly or daily rates that mask steep annual costs, so finding the lowest interest rate loan app in Nigeria demands a closer look at the math behind the numbers.
FCMB Group posted its strongest half-year profit in years, but a steep climb in loan-loss provisions tells a more complicated story.
United Capital posted one of its strongest half-year results on record, but the real story hides inside one revenue line that barely registered twelve months ago.
NGX Group’s transaction fees surged 169% in the first half of 2026, lifting the exchange operator’s earnings to levels that took all of 2025 to reach.
Seplat Energy, Nigeria’s most expensive stock surged past ₦11,600 resistance while the broader market shed ₦305 billion in a single session.
TotalEnergies Nigeria’s stock crashed 10% on just 30 traded shares, exposing what a tight float and vanishing liquidity can do to a loss-making giant.
The CBN’s latest monetary data shows a sharp monthly drop in physical cash, but the real story may be what’s pulling money back into the banking system.
Aradel Holdings, one of Nigeria’s largest indigenous oil stocks, has shed over 30% from its 52-week peak, and the stock continues to bleed value.
MTN Nigeria barely moved on July 23 while premium banking stocks rallied and several large-caps crashed into the daily limit.
Nigeria’s first Tax Ombud rolls out a digital complaint system and international partnerships to repair citizens’ fractured confidence in the country’s revenue agencies.
Nigeria lands in the 12.5% tariff tier as Washington rolls out new trade duties on 60 economies, and the fallout could reshape a $15 billion commercial relationship.
Loan app scams in Nigeria now range from upfront fee traps to phishing clones of trusted platforms, and the FCCPC has blacklisted dozens of offenders this year alone.
Knowing how to report a loan app to FCCPC can stop harassment, protect your data, and hold predatory lenders accountable under Nigeria’s digital lending regulations.
Airtel posted a blockbuster Nigerian quarter, but a closer look at the numbers reveals a tug-of-war between organic growth and a currency windfall.
Vitafoam Nigeria shed ₦18.80 per share on July 22, falling far harder than the broader NGX in a session that points to targeted profit-taking after months of steep appreciation.
Calvados Global Services, the Otedola-linked investment vehicle, purchased over 706 million First HoldCo shares at a premium, lifting the chairman’s stake past 21%.
How to file personal income tax FIRS-style under NRS rules, from documents and deadlines to portal steps and what to do if you cannot pay.
The short answer is yes, and the Nigeria Tax Act 2025 has made enforcement far more aggressive than most self-employed workers expect.
Nigeria’s reserves now cover 11 months of imports after the Central Bank confirmed a $52.52 billion stockpile, blowing past its own full-year forecast with five months still left in 2026.
Okomu Oil and Presco, Nigeria’s two largest listed palm oil producers, lost a combined ₦371 billion in market value during the July 21 session, even as the broader NGX index edged higher.
Airtel Africa has purchased over 841,000 ordinary shares across five trading sessions, pushing its total buyback past 13.7 million shares since the program launched in May 2026.
Nigerian regulators have given borrowers real tools to fight loan app harassment, and you can start using them today.
A loan app “blacklist” and a formal credit bureau record are two different problems, and each one requires a different fix.
Skyway Aviation shares slid to ₦154.10 on the same session they touched a record high, raising questions about whether the stock’s rally has run out of altitude.
Cadbury Nigeria jumped to its highest close in weeks as a Mondelez subsidiary outpaced every consumer goods peer on the board.
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.
First HoldCo delivered its strongest half-year on record, but a closer look at the numbers raises questions about what is driving the gains.
Mandatory e-invoicing Nigeria rules are reshaping how businesses file VAT, and the penalties for falling behind are steep.
Nigeria tax penalties 2026 hit harder under the NTAA, with a 40% surcharge on un-deducted withholding tax and escalating fines that can exceed the original liability.
The NGX added ₦612 billion in market value, but a sharp drop in trading volume suggests the rally is running on a thinner crowd.
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.
How do Palmcredit vs FairMoney vs Carbon stack up on rates, loan limits, and regulatory standing in the best Nigerian loan app comparison of 2026?
A loan app that doesn’t require BVN skips the one check designed to protect you from fraud, data theft, and predatory recovery tactics.
Access Bank offloaded over 12 million shares in its Ghanaian subsidiary, but the regulatory pressure behind the deal tells a bigger story.
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.
Transcorp Power posted ₦182 billion in half-year revenue, but infrastructure sabotage dragged its top line well below last year’s pace.
A pre-IPO share sale for Dangote’s mega-refinery pulled in far more than expected, and the real test is still to come.
GTBank Quick Credit gives salary earners collateral-free loans of up to ₦5 million at 2.95% monthly interest, but the total repayment cost depends on your tenure.
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.
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.
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.
Nigeria kept its VAT rate at 7.5% this year, but almost every rule around registration, credits, invoicing, and penalties now looks different.
Nestle Nigeria lost 10% of its share value on just one unit traded, raising fresh questions about blue-chip liquidity on the exchange.
Airtel Africa closed at a record N6,266 on July 15, but the price moved on just one trade while the broader NGX slipped into the red.
NGX power stocks lost ₦390 billion in a single session after both listed generators crashed to the 10% circuit breaker floor, shaking the sector’s dividend narrative.
The ₦800,000 tax free Nigeria exemption under the Nigeria Tax Act 2025 is the most significant personal income tax change in decades, but eligibility hinges on chargeable income after deductions, not gross monthly pay.
UAC of Nigeria moves its top dealmaker off the parent board and deeper into its subsidiary network, signaling bigger plays ahead.
Aradel Holdings closed nearly 10% lower on the NGX after just four shares changed hands, raising fresh questions about price discovery in Nigeria’s seventh-largest listed company.
Seplat Energy pulled back sharply after opening just 2% below its 52-week peak, raising fresh questions about the staying power of a rally that nearly doubled the share price.
Choosing the best banks for personal loans in Nigeria comes down to interest rates, loan ceilings, salary multiples, and how fast the cash lands in your account.
Nigerian banks now offer multiple pathways for salary earners to access credit without pledging assets. Here is how to get loan from my bank without collateral, from qualification criteria to common rejection reasons.
The familiar WAPCO ticker has vanished from the Nigerian Exchange, replaced by HBM Nigeria’s new symbol that signals the cement giant’s shifted ownership and strategic direction.
The NGX staged its strongest weekly rebound since the June correction, adding ₦9.34 trillion to investor portfolios after three bruising weeks of selling.
Holcim completed the sale of its 83.81% stake in Lafarge Africa to Huaxin Cement nearly a year before the Nigerian Senate voted to approve the transaction.
The Nigeria Tax Act 2025 rewrites every PAYE bands threshold, replacing the old 7% to 24% structure with six progressive bands from 0% to 25% and an ₦800,000 tax-free floor.
Nigeria’s new tax framework overhauls personal income tax Nigeria residents owe, introducing a ₦800,000 zero-rate threshold, six progressive bands, and penalties that hit harder than ever before.
The Stanbic IBTC ETF locked at the NGX’s maximum daily gain on July 10, extending a 2026 run now above 400% in returns per the exchange’s published data.
The CBN unveiled a sweeping digital payments roadmap that could reshape how millions of citizens access financial services by 2028.
Tantalizers traded 210,000 shares on a quiet NGX session on July 10, but the price stayed frozen at ₦4.35, raising questions about what the standoff between buyers and sellers means.
Loan apps for salary earners in Nigeria promise fast cash, but fintech platforms do not always beat traditional bank salary loans on total cost.
NIRSAL MFB loan portal applications are open, but picking the wrong product or uploading incomplete documents can stall your approval for weeks.
Airtel Africa hit a new 52-week high at ₦6,009, but the forces behind the rally go deeper than one session.
The NGX benchmark overtook South Korea’s Kospi after an AI selloff cratered the index and the naira strengthened against the dollar in 2026.
S&P DJI credited Nigeria’s regulatory overhaul but attached strict conditions that will determine whether the country reclaims frontier market status in 2027.
The SEC has ordered brokers, fund managers, and registrars to file Q2 2026 ownership and capital flows data by July 10, giving operators barely two days to comply.
Dangote’s Lekki expansion blueprint and record European jet fuel exports are redrawing the competitive map for Nigeria’s state oil company.
Airtel Africa’s market value topped ₦21 trillion after the telecom giant hit the NGX’s 10% daily price ceiling, but the rally left several blue chips behind.
The Federal Ministry of Finance has released Nigeria Tax Act transition rules that draw a firm line between old and new laws, and your 2025 filing obligations depend on which side your accounting period falls.
BUA Foods led a broad consumer goods selloff on the Nigerian Exchange as food stocks shed up to 10% in a single session on July 7, 2026.
NCR Nigeria’s nearly 8,000% rally from its all-time low hit a sharp reversal, and the volume behind the crash raises uncomfortable questions.
The CBN threatened enforcement after reports of businesses and traders turning away one version of the ₦100 note across Nigeria.
The dangote refinery vs seplat debate pits a live upstream dividend payer against Africa’s biggest planned listing, so investor fit matters more than any winner.
Analysts are split on every dangote refinery share price prediction ahead of Africa’s largest-ever IPO, with the bull and bear cases separated by $11 billion.
Airtel Africa’s buyback program has now crossed 11 million shares since late May, with every repurchased share headed straight for cancellation.
Tony Elumelu’s exit from Africa’s global bank opens a new chapter, but his next move was already locked in.
Understanding the Bank of Industry loan how to apply process can give your business access to single-digit interest rates that commercial banks cannot match.
The full FCCPC delisted loan apps 2026 list now spans two enforcement waves, but a court order has frozen any further removals.
The NGX Oil and Gas Index posted its steepest weekly decline of the year, even as investors who bought in January still hold massive gains.
The NGX banking index shed 3.72% in one week as Zenith Bank, GTCO, and Fidelity Bank led a sharp pullback, even as trading volumes surged across the broader exchange.
The Joint Revenue Board established under the JRBEA replaces the Joint Tax Board with broader powers, specialized dispute resolution, and a revised VAT sharing formula that shifts revenue toward states.
The tax ombuds office in Nigeria investigates taxpayer complaints at zero cost, but the process starts only after you exhaust internal channels with the relevant revenue authority.
MTN Nigeria barely registered a pulse on the exchange during one of July’s sharpest trading rebounds despite holding the country’s highest corporate credit rating.
The CBN’s Q3 borrowing calendar dwarfs every previous quarter this year, reshaping the outlook for yields and market liquidity.
Stanbic IBTC shed 8% in a single session as the broader Nigerian market extended its bearish correction into July 2026.
The Dangote Refinery dual listing could span Lagos and London, reshaping how investors on both sides of the Atlantic access Africa’s largest energy asset.
The Dangote Refinery IPO allocation process will decide which of Africa’s millions of eager investors walk away with shares and which receive a refund instead
Dangote Cement cleared a critical shareholder hurdle for a London Stock Exchange listing while delivering its biggest dividend payout ever.
PZ Cussons Nigeria posted ₦49 billion in profit and erased a ₦17 billion equity deficit, but the numbers raise important questions about what comes next.
Conoil hit its daily price limit on the Nigerian Exchange as the broader energy sector extended a punishing correction into July.
The full CBN approved loan apps list for 2026 reveals 457 licensed platforms, but two separate regulators share oversight, and knowing the difference protects your data and your money.
Finding the best loan apps in Nigeria 2026 without collateral means looking past the download button and into the fine print.
Dangote Cement dropped 7.5% as investors lost ₦2.39 trillion in Nigerian equities on the first trading session of July.
Zenith Bank led the NGX value chart as heavy profit-taking in blue-chip stocks erased ₦2.39 trillion from the market on the first trading day of July.
Aradel Holdings recommended ₦33 per share in total dividends for 2025 after profit surged 192% to ₦757.3 billion
The Nigeria Tax Act hands qualifying SMEs a 0% corporate income tax rate, but the gap between full exemption and a 30% bill depends on thresholds and sector rules most owners have not reviewed.
Here are the Nigeria Tax Act changes individuals need to know, from a tripled tax-free threshold to new crypto reporting rules that reshape what you owe and what you keep.
Universal Insurance posted a ₦2.2 billion loss in Q1 2026 after oil and gas claims erupted, wiping out a 40% jump in gross premiums and flipping a profitable quarter into a painful miss.
Jaiz Bank signals continued earnings momentum with its Q3 2026 forecast, projecting ₦9.69 billion in profit after tax amid a ₦150bn capital raise and aggressive branch expansion plans.
The Nigerian Exchange (NGX) closed the first half of 2026 with a broad sell-off in heavyweight stocks, even as the market held onto a 45.95% year-to-date gain that masks June’s bruising correction.
Skyway Aviation shares touched a record peak before reversing sharply, raising questions about the stock’s valuation after a 152% rally.
More than 1.2 million Wema Bank shares changed hands on June 29 without moving the price, a striking signal in a session where the broader NGX lost 1.57%.
The Dangote Refinery IPO prospectus has not been filed with regulators yet, but knowing what it will contain puts you ahead of the crowd.
Millions of Nigerians are racing to figure out how to buy Dangote Refinery shares, but most aren’t ready for what the process actually requires.
Africa’s largest refinery just made its first Middle East crude purchase, and the timing says everything about where Dangote is headed next.
First HoldCo’s stock rallied as investors digested a massive private placement and Femi Otedola’s growing grip on Nigeria’s oldest lender.
GTCO posted a 10% weekly gain as banking stocks defied a broad NGX selloff that hammered oil and industrial shares.
The old FIRS name is gone, replaced by a bigger mandate, a new digital portal, and expanded enforcement powers under the Nigeria Revenue Service.
Nigeria pulled $1.5 billion from a $5 billion derivatives deal with the UAE’s largest lender, ignoring warnings from the IMF, Fitch, and Moody’s about the risks involved.
Personal loans without collateral in Nigeria are now available at every major bank, but the difference between the cheapest and costliest product could double your total repayment.
Aradel Holdings hit the daily price floor for a second straight session as bears tightened their grip on the NGX, dragging 37 stocks lower and wiping nearly ₦1 trillion off market capitalization.
Government loans in Nigeria offer interest rates as low as 0%, but most eligible applicants never access funding because they apply to the wrong program.
Aradel Holdings barely moved on June 25, but three of its closest oil sector rivals dropped close to the daily limit.
The Dangote Refinery IPO price per share will be set during the book-building process, but analyst valuations between $39 billion and $50 billion already frame the likely range.
No official Dangote refinery IPO date has been confirmed, but founder Aliko Dangote targets September 2026 as the SEC clarifies that no filing exists yet.
S&P Globals hiked its 2026 projection by nearly two percentage points and trimmed Nigeria’s economic growth forecast in the same report.
Five years of outflows. A 41% discount to US peers. Earnings up, prices down. UK smaller companies have been written off by the market, and active managers are quietly noticing.
Cadbury Nigeria dropped 8% as a broad wave of profit-taking swept through consumer goods stocks on the Nigerian Exchange, in a session that erased trillions in market value.
Seplat Energy hit the daily circuit-limit floor as profit-taking wiped ₦3.64 trillion from the Nigerian Exchange in a single session.
Private sector credit crossed ₦81 trillion in May, but with lending rates as high as 46% and just 9.4% of GDP reaching businesses, the real question is who that growth is actually serving.
Nestle and MTN led a broad wave of blue-chip stocks that slammed into their daily price limits on June 23, and the selling may not be over yet.
A United Capital research analyst just put personal money behind the stock, raising questions about what she might be seeing inside the firm.
Every major change in the Nigeria Tax Act 2025 explained, from income tax relief for low earners to new compliance rules reshaping obligations across the board.
Airtel Africa’s $110 million buyback machine keeps grinding as more than 7.7 million shares vanish from the open market in just one month.
The naira’s latest gain against the dollar looks modest, but a 63% surge in interbank turnover and record reserves point to something bigger.
The brewer’s shares tumbled alongside BUA Foods, Nestle, and Unilever as a broad selloff hit the NGX consumer goods sector on June 22, 2026.
Nigeria’s digital lending market has exploded past $2 billion, but hundreds of unlicensed apps still prey on borrowers. Here is everything you need to know about who is approved, who regulates the space, and how to protect yourself.
Nigeria’s most valuable banking stock has gone flat after its record April rally, and the gap between price and fundamentals raises questions about what comes next.
The parent company of First Bank of Nigeria dropped by a fifth in five trading sessions as the broader Nigerian market shed ₦5.64 trillion in investor wealth.
Banking stocks bore the brunt of a five-day rout that wiped trillions from the NGX, with tier-one names like GTCO and First HoldCo leading the losses.
Lending rates at six major lenders range from 16% to 46%, and the gap reveals a deeper story about Nigeria’s credit market.
Nigeria’s second largest cement maker closed at its daily price floor, and it was not the only building stock that buckled on June 18.
A senior Dangote group staffer disposed of 173,400 Nascon shares in a single transaction, raising fresh questions about insider sentiment at one of Nigeria’s strongest consumer goods performers.
Nigeria’s largest brewer traded 80,000 shares on June 18, a thin volume for a stock that averages millions per session, yet the price barely budged while the broader market shed ₦2.18 trillion in value.
Ten companies. Fifty-two percent of the FTSE 100’s 2026 dividends. One sector cut could rewrite UK income returns. The headline yield hides what every passive income holder needs to see.
Ripple’s equity investment positions Nigeria’s largest fintech at the center of a stablecoin-powered cross-border payment corridor across Africa.
The SpaceX-Cursor merger raises hard questions about AI tool access for the hundreds of Nigerian developers who built workflows around the code editor.
The telecom giant’s finance chief purchased 1.3 million shares across 13 separate tranches in two trading days, a regulatory filing with the Nigerian Exchange Limited shows.
Africa’s biggest planned listing is moving closer, and Nigerian investors have a narrow window to get every account, document, and decision in place.
You do not often see a fund lose 10% and still carry a 905% year-to-date gain, but that is where the Stanbic IBTC ETF 30 landed on June 17, 2026.
Something shifted for Transcorp Hotels on the Nigerian Exchange this week, and the numbers suggest the move was anything but subtle.
The person responsible for MTN Nigeria’s financial strategy just put ₦218 million of personal capital behind the company’s stock price trajectory.
Vitafoam Nigeria opened June 15 at its 52-week high of ₦210 per share, a level first reached on June 10 after an 8.25% single-day rally on the Nigerian Exchange.
Ecobank Transnational Incorporated opened the trading week carrying an “X” marker on the Nigerian Exchange, confirming it was trading without its dividend for the first time since 2022.
Grocery bills and fuel costs kept climbing for Nigerian households during May as the country’s annual inflation rate rose for a third consecutive month.
A 10% single-session decline in one of Nigeria’s most recognizable infrastructure stocks would normally trigger urgent conversations across the trading floor.
The Federation Account Allocation Committee distributed ₦2.257 trillion for April, a jump of roughly ₦217 billion from the previous month.
If you bank with any of Nigeria’s major financial institutions, the company behind your account likely owns a fintech, an insurance arm, or a microfinance subsidiary.
Nigeria collected a record ₦2.42 trillion in Value Added Tax during the first three months of 2026, a figure that paints a rosy picture of the country’s expanding tax base.
Investors holding shares in Nigerian banking groups have weathered a punishing regulatory cycle, and a fresh proposal from Abuja could trigger another costly rethink.
Nigeria has spent decades promising to reduce its dependence on oil revenue, and nearly every administration has pledged diversification.
Nigeria pulled in ₦2.42 trillion in value-added tax during the first quarter of 2026, marking a new quarterly high in the country’s most critical non-oil revenue stream.
A stock that sat frozen near ₦640 for months suddenly cracked open on June 11, 2026, and what spilled out may trouble shareholders.
If you owned CAP PLC shares heading into the second week of June 2026, the trading floor had a painful surprise waiting.
If you held a basket of Nigerian exchange-traded funds heading into June 10, 2026, the closing bell probably left a mark on your portfolio.
Something unusual happened to First HoldCo Plc on the Nigerian Exchange on June 10, 2026, and it had nothing to do with a crash or a rally.
Seplat Energy, the first stock in the 65-year history of the Nigerian Exchange to break the ₦10,000 barrier, gave back a significant chunk of its year-to-date gains on June 10, 2026.
BUA Foods opened trading on June 9, 2026, at ₦939 per share, a price that suggested stability for the consumer goods heavyweight.
Airtel Africa closed at ₦4,021.20 on the Nigerian Exchange on June 8, 2026, obliterating a 52-week high that had held firm for weeks.
A year ago, petrol was the single most expensive item on Nigeria’s import ledger, consuming over 20% of the entire import bill.
Nigeria’s merchandise trade balance delivered a number in the first quarter of 2026 that underscored a dramatic shift in the country’s external sector dynamics.
A stock that traded quietly for weeks just became the most active equity on the entire Nigerian Exchange on June 5, 2026.
MTN Nigeria shares added ₦12 to close at ₦775 on the Nigerian Exchange, lifting the telecom giant while much of the market slid.
Nigeria’s foreign exchange market just received its biggest regulatory shake-up in nearly a decade, and banks sit squarely in the crosshairs.
If you checked the Central Bank of Nigeria’s exchange rate dashboard in early June 2026, the numbers looked reassuring at first glance.
Something shifted on the Nigerian Exchange on June 4, 2026, and the ETF market made it impossible to ignore.
On June 4, 2026, the naira settled at N1,359.75 per dollar at the official Nigerian Foreign Exchange Market window.
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.
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.
Dangote Cement opened trading on June 3, 2026, at ₦1,180 per share and never recovered from the selling pressure that followed.
On June 1, 2026, the Nigerian Exchange’s ETF board told two very different stories at the same time.
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.
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.
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.
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.
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.
If you hold money in a Nigerian bank or follow African markets, a significant shift just landed on global investors’ radar.
Aliko Dangote spent over a decade building the largest single-train oil refinery on Earth, and it has not gone public yet.
For eleven straight months, Nigeria’s inflation rate had been falling, rewarding one of the most aggressive monetary tightening campaigns on the continent.
For eleven straight months, Nigeria’s inflation moved in the direction borrowers and business owners wanted: downward.
If you have been watching the Nigerian Exchange in 2026, you have probably noticed something the consensus models did not see coming this fast.
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.
If you have watched Nigerian fixed-income markets at all this year, the level of government yields is no longer a surprise to you.
For 14 years Nigeria sat in the same corner of the global credit map, slipping further into territory investors call speculative.
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.
If you run a small business in Nigeria, finding affordable, long-dated capital can feel difficult given the cost of credit nationally.
For eleven consecutive months, Nigeria’s inflation rate moved in one direction: down, from a peak of 27.4% to a five-year low.
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
When a paint company’s bank balance grows faster than its revenue, investors tend to pay attention. Chemical and Allied Products Plc closed the first quarter of 2026 with cash and cash equivalents totaling N12.99 billion, a 69% year-on-year increase that accounts for roughly half of its total asset base. If you hold CAP shares or […]
Most countries pay more for paperwork than they do for tariffs, and trade policy has become much more interventionist in recent years globally. A new United Nations report has put a precise number on a problem that has long shaped global trade without ever drawing tariff-style political attention. It also exposes a structural disadvantage that […]
Africa’s biggest telecom story of 2026 just landed, and the numbers behind it suggest something deeper than a strong year. The London and Lagos-listed group reported full-year results that crossed thresholds investors had penciled in for a later financial year. Behind the headline number sits a structural shift in how 183.5 million people across 14 […]
Something unusual happened on the Nigerian Exchange on May 8, 2026, and it has market watchers divided. The benchmark All-Share Index climbed 2.10% to a fresh all-time high of 244,775.83 points in a single session. That move alone added ₦3.2 trillion to investor portfolios before the closing bell sounded at 4:00 PM local time. Here […]
Nigeria’s banking recapitalization exercise wrapped up in March 2026 with 33 institutions collectively raising ₦4.65 trillion in fresh equity. FirstHoldCo Plc, the holding company that controls First Bank of Nigeria, already cleared that regulatory hurdle months earlier. But a filing dated May 6, 2026, shows the Femi Otedola-chaired group is not slowing down after meeting […]
If you hold Access Holdings shares for the income they typically deliver, the first half of 2026 could test your patience once more. The financial group just printed its most profitable year ever, crossing the N1 trillion mark in pre-tax earnings for the first time. Ordinarily, shareholders would be preparing to collect a generous payout […]
A viral online post has been circulating for days, claiming that Africa’s richest man secretly turned to four fellow billionaires for cash. The post sparked the kind of social-media frenzy you would expect when a story implicates the upper tier of African business. The story names some of Nigeria’s most recognizable business titans, attaches eye-popping […]
Deposit pricing used to be a quiet, predictable exercise. A treasury team reviewed competitor rates, adjusted a handful of posted tiers once a quarter, and relied on customer inertia to do most of the retention work.
For most of the past decade, the teller or call-center agent who suspected an older customer was being scammed could do surprisingly little about it.
For the better part of two years, agentic AI in banking has been discussed mostly as an internal efficiency story, in which autonomous software helps employees underwrite loans faster, triage fraud alerts, or write code.
For decades, the Bloomberg Terminal has been the top choice for professional market data and communication. If you visit a big bank or a hedge fund, you will see traders using these famous black screens.
Financial planning and analysis (FP&A) software has evolved into a strategic nerve center for finance teams. By 2026, the industry has moved past the era of static annual budgets.
European fintech funding has undergone a fundamental transformation. The era of growth at any cost has ended, replaced by investor demands for clear paths to profitability and sustainable business models.
Fintechs achieve remarkable growth velocity in their early years, but sustaining fintech margins at maturity requires fundamentally different capabilities than those driving initial scale.
Despite widespread predictions that open banking would disintermediate traditional financial institutions, banks that failed did so because of poor pricing governance, not regulatory mandates forcing data sharing.
As the payments stack fragments across multiple vendors and platforms, a robust payments pricing strategy has become the only sustainable way to differentiate in an increasingly commoditized market.
Understanding personal injury settlement taxes is essential for accident victims, as the IRS treats different types of compensation differently; some portions may be tax-free, while others could increase your tax bill.
Understanding how bankruptcy and personal injury claims interact is crucial for anyone facing financial difficulties after an accident; exemption laws may allow you to protect some or all of your settlement money from creditors.
In a move that has sent shockwaves through the financial industry, President Donald Trump took to Truth Social on Friday evening to announce his call for a temporary cap on credit card interest rates. The proposal, which would limit rates to just 10% for one year beginning on the first anniversary of his second inauguration, represents one of the administration’s boldest moves yet to address consumer affordability concerns.
Federal wage garnishment laws set strict limits on how much creditors may take from your paycheck, with protections that vary based on the type of debt and your income level; understanding these limits can help you protect your earnings.
Australia’s 50% CGT discount offers a straightforward approach to taxing capital gains, contrasting sharply with the UK’s tiered rate system—understanding these differences helps Australian investors optimise their long-term investment strategies.
Discover how Australian superannuation compares to the UK pension system. Learn key differences, contribution caps, and strategies to maximise your retirement savings in Australia.
Franking credits represent one of Australia’s most valuable tax benefits for dividend investors, allowing shareholders to reduce or eliminate double taxation on company profits distributed as dividends.
When President Trump took to Truth Social on Wednesday morning, his message was direct and unambiguous: “I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it. People live in homes, not corporations.”
If you have ever felt overwhelmed by the sheer number of business loan providers online, LendingTree aims to solve exactly that problem.
Nvidia is making the biggest acquisition in its history, and it is not about selling more GPUs. The company agreed to buy Groq, a startup that designs specialized chips for AI inference, in an all-cash deal valued at about $20 billion.
Solana (SOL) is heading into the holiday period under sustained technical pressure. As of this writing, the price action has failed to reassert itself against key resistance zones. After multiple rejections in the mid-$120s, Solana’s price has slipped back into a vulnerable range where sellers remain in control.
Understanding the different types of credit available to consumers is essential for making informed financial decisions and building a strong credit profile. Credit is not a one-size-fits-all product. Different forms of credit serve different purposes, carry different costs, and affect your credit score in different ways.
For more than a decade, PayPal has acted like a bank for small businesses without actually being one. Since launching its lending programs, the payments company says it has provided more than $30 billion in financing to hundreds of thousands of small businesses worldwide.
Micron Technology Inc. (NASDAQ: MU) heads into its fiscal first-quarter 2026 earnings report on Wednesday as one of the most remarkable success stories in the semiconductor sector this year.
As 2025 draws to a close, the health technology sector has demonstrated remarkable resilience and growth, emerging as one of the most compelling investment opportunities of the year.
The SBA 7(a) program is specifically designed to make credit more accessible to small businesses that might struggle to secure traditional bank financing.
