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Tuesday, September 15, 2026
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Markets

Refinery IPO: Dangote Woos Nigerians, Investors Flood NGX

Investors flooded the Nigerian Exchange on Monday as the Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals recorded an unprecedented rush, attracting billions...

Why Petrol Remains Expensive In Nigeria — Dangote

President of Dangote Industries Limited, Aliko Dangote, has attributed the high price of petrol in Nigeria partly to the continued smuggling of the commodity...

Breaking: Inflation Rate Falls To 15.39% In August – NBS

Headline inflation rate fell by 0.04 percent to 15.39 percent in August from 15.43 percent in July 2026. The National Bureau of Statistics, NBS, disclosed...

Financial Distress Hits 9 Firms On NGX

At least nine companies listed on the Nigerian Exchange Limited, NGX, are facing significant balance-sheet pressure, with shareholders’ funds turning negative and most of...

10 Benefits of The Dangote Refinery to Nigeria’s Economy

The 700,000 barrels per day (bpd) Dangote Petroleum Refinery and Petrochemicals (DPRP) complex, built by Africa’s richest man, Aliko Dangote has put Nigeria on...

Meristem Reaffirms Buy Rating on MTN Nigeria with ₦1,019.31 Price Target

Investment firm Meristem Securities has reiterated its BUY recommendation on MTN Nigeria Communications Plc (NGX: MTNN), setting a 12-month target price of ₦1,019.31 per...

International Breweries Outlines Timeline for ₦84 Billion Capital Return

International Breweries Plc, the Nigerian brewing subsidiary of Anheuser-Busch InBev (AB InBev), has announced the qualification and settlement dates for an ₦84 billion ($56.3...

Dangote Now Worth Over $51 Billion on Forbes Wealth List

Per Forbes’s real-time index, Africa’s richest man Aliko Dangote has seen his net worth surge from $28.5 billion to $51.3 billion following a $2.5...

Dangote Refinery IPO Demand Crashes Bamboo, Cowrywise Trading Apps

Demand for the continent’s biggest initial public offering, the Dangote Petroleum Refinery and Petrochemicals FZE, overwhelmed some of the many Nigerian investing apps soon...

Nigeria’s Local Bonds Join $328 Billion JPMorgan Frontier Index With 7.4% Weight

Nigeria has been assigned a 7.4% weight in JPMorgan Chase & Co.’s new GBI-EM Edge index, offering the country a fresh route back into...

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