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Markets

Dangote Begins Construction to Double Oil Refinery Capacity, to Come Online 2028

Aliko Dangote has started work to double capacity at his huge oil refinery in Nigeria, which when finished will rival the world's largest site...

Moniepoint CEO Plots Shift From Payment Movements to Layered Data-Driven Credit

...as Cardoso Launches PSV 2028 As the Central Bank of Nigeria (CBN) officially rolled out its ambitious Nigeria Payments System Vision (PSV) 2028 framework in...

Oil Rally Spurs Nigeria to Weigh Refinancing High-Cost Debt on Favorable Market Conditions

Nigeria plans to refinance high-cost debt and raise funds to help plug its budget deficit, leveraging strong investor confidence amid elevated oil prices fueled...

Zedvance To Triple Lending after Disbursing N120bn To SME’s in 2025

The Group Managing Director of Zedcrest, parent company of Zedvance, Adedayo Amzat, has announced a strategic shift in the firm's asset deployment, committing 100...

CardinalStone Raises Transcorp Group Stock Target to ₦69.71 on Power Turnaround, Maintains BUY

CardinalStone Partners has revised its 12-month target price for Transnational Corp Plc (NGX: TRANSCORP) stock upward to ₦69.71 from ₦67.38, maintaining a BUY recommendation...

Julius Berger Completes Bodo-Bonny Road

The 37.9-kilometre Bodo-Bonny Road project in Rivers state awarded to leading engineering construction company, Julius Berger Nigeria PLC has been completed. According to the Project...

Tight CBN Policy Stance to Weigh on Corporate Profit Margins

The Central Bank of Nigeria’s (CBN) inevitable decision to retain its monetary policy rate (MPR) at 26.5% is going to lift the borrowing costs...

Ecobank Group Launches World First Nature Bond Mobilising Global Capital to Protect Africa’s Natural Ecosystems

Ecobank Group has launched the world’s first ICMA commercial bank-issued Nature Bond on the London Stock Exchange, creating a new route for international and African capital to ​protect Africa’s...

Nigeria Beats Europe to T+1 Settlement Cycle, Giving Investors Faster Access to Funds and Securities

Nigeria's capital market officially transitioned to a T+1 settlement cycle, on June 01, 2026, meaning transactions will now complete within one business day after...

Honeywell Records Margin Expansion as Cash Flow Hits N92.98bn

Honeywell Flour Mill Plc was able to turn income into profit even amid cost of living crisis, driven by cost optimisation as well as...

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