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Tuesday, October 27, 2026
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Dangote Refinery IPO Closes With Record $1.6bn Funded Demand From Domestic and Retail Investors

The Dangote Refinery initial public offering (IPO), Africa’s biggest, has already secured enough commitments from Nigerian and retail investors to meet its fundraising target,...

Heirs Life Profit Jumps 63% on Investment Gains as General Insurer’s Earnings Halve

Heirs Life Assurance Ltd., part of Tony Elumelu's Heirs Insurance Group, increased nine-month profit 63% as investment income nearly tripled. Its sister company, Heirs...

TotalEnergies Marketing Swings Back to Profitability on Market Deregulation

Driven by the elimination of the expensive fuel subsidy as well as the coming onboard of the 700,000 barrel a day Dangote Petroleum Refinery,...

United Capital’s Heirs Insurance Stakes Lift Associate Income 41% to N2.6 Billion

United Capital’s equity stakes in Heirs General Insurance Limited and Heirs Life Assurance Limited, helped lift its associate income in the 9-month period to...

Transcorp Group Delivers ₦111.4 bn Profit Before Tax in 9M-2026, Expands Margins and Strengthens Balance Sheet

Transnational Corporation Plc (“Transcorp Group”) (NGX: TRANSCORP), Nigeria’s leading listed conglomerate, has announced its unaudited financial results for the nine months ended 30 September...

Nigeria Floats Draft Economic Blueprint to Guide Government Plans

Nigerian Finance Minister Taiwo Oyedele unveiled a draft economic policy framework designed to serve as a blueprint for government plans, budgets and policies, regardless...

United Capital 9-Month Profit Rises 64.52% Amid Growing Presence Across Africa

United Capital Plc's consistent profit growth even amid a challenging environment is evidence of improved resilience and diversification across its operations as the company...

Nigerian Banks’ First-Half Profit Rises 19%, but First HoldCo Accounts for Most of the Gain

Seven of Nigeria's largest listed banks increased combined first-half pretax profit by 19.3%, but one lender First HoldCo Plc, did most of the work....

Tinubu Blames Opposition For Nigeria’s Challenges of Hunger, Poverty

President Bola Tinubu on Saturday blamed opposition leaders for Nigeria’s hunger and poverty, accusing them of creating problems they now exploit against his administration. “I...

Stanbic IBTC Profit Rises 33% on Fixed Income/Currencies

Stanbic IBTC fixed income and currencies has cushioned the lender’s earnings as the central bank’s recent interest rate cuts are putting pressure on traditional...

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