News
Bolt responds as Uber’s 12-year Nigeria run ends
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.
Peace LongeSep 3, 2026
Senior Financial Journalist
Articles by Peace Longe
20 articles
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News
Seplat eyes a $410M dividend bonanza for 2026
Seplat’s planned 2026 payout would represent close to half of every dollar the company has ever returned to shareholders.
Peace LongeSep 2, 2026
News
Nigeria’s 4.43% GDP tells two very different stories
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.
Peace LongeSep 1, 2026
News
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.
Peace LongeAug 22, 2026
News
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.
Peace LongeAug 21, 2026
News
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.
Peace LongeAug 18, 2026
News
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.
Peace LongeAug 17, 2026
News
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.
Peace LongeAug 15, 2026
News
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.
Peace LongeAug 14, 2026
News
Dangote Sugar draws 73,000 shares and still edges up
Dangote Sugar closed higher on a session that wiped ₦1.76 trillion from the NGX, and the reason goes beyond one good day.
Peace LongeAug 13, 2026
News
Guinness Nigeria drops 9% in broad NGX selloff
Guinness Nigeria shed nearly 9% on August 11 as a sweeping selloff erased N1.17 trillion from the Nigerian Exchange in one session.
Peace LongeAug 12, 2026
News
Airtel Africa’s buyback blitz hits 17.4 million shares
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.
Peace LongeAug 11, 2026
News
Dangote Cement slips below ₦1,000 in broad NGX rout
Dangote Cement crossed a key psychological price threshold as selling pressure hit blue-chip stocks across the Nigerian Exchange on August 7, 2026.
Peace LongeAug 10, 2026
News
Julius Berger slides 10% on just 35 shares traded
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.
Peace LongeAug 8, 2026
News
CBN survey reveals who bears Nigeria’s inflation burden
Nigeria’s latest inflation expectations data shows the squeeze is not falling evenly across income groups, and the hardest-hit earners may surprise you.
Peace LongeAug 7, 2026
News
TotalEnergies Marketing falls 10% on just 20 shares
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.
Peace LongeAug 6, 2026
News
BUA Foods sinks 10%, but the volume tells a story
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.
Peace LongeAug 5, 2026
News
Aradel’s operating profit soars 9x to ₦1.06trn
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.
Peace LongeAug 4, 2026
News
Seplat Energy sweetens Q2 with a rare 7-cent bonus payout
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.
Peace LongeJul 30, 2026
News
Airtel Africa surges to ₦6,381 new high on NGX
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.
Peace LongeJul 29, 2026