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Dangote Predicts $350 Billion Market Capitalization for Refinery by 2030 on 10x Earnings Multiple

Speaking today, September 14, 2026, at the Nigerian Exchange (NGX) "Facts Behind the Offer" presentation for the ₦2.15 trillion Dangote Petroleum Refinery IPO, promoter...

Dangote Refinery Generated $2.6Bn EBITDA, $1.82Bn Profit in H1 as Renaissance Sees N696 as Fair Value

Dangote Petroleum Refinery & Petrochemicals FZE generated $2.60 billion of EBITDA in the first half of 2026, delivering an 18.7% margin as the facility...

Dangote Refinery Implied Market Cap Reaches ₦63.07 Trillion to become 40% of NGX as SEC Clears IPO

The Securities and Exchange Commission (SEC) has officially granted regulatory approval for the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE....

Access Bank’s $1.2 Billion International Expansion Faces Scrutiny as OPay Gains Ground in Nigeria

...OPay’s Growth Sharpens Questions Over Access Capital Allocation as Valuation Lags Access Holdings Plc’s expansion across Africa and beyond is facing question marks from investors...

Largest Assets, Lowest Valuation: Access Holdings Long-Suffering Shareholders Seek Turnaround in 2026

Access Holdings, a tier-one Nigerian lender closed trading in the first week of January 2024 at around N26.55 per share. On August 12, 2026...

Nigeria’s Tier-One Banks Still Cheap Against South African Rivals Despite Blistering Rally

Naira's Collapse Erased $2.7 Billion From Nigeria's Top Five Banks Since 2014 — FirstRand Gained $9 Billion Nigerian banking stocks have had a remarkable...

UBA Builds Governance Premium to Anchor ₦33.17 Trillion Balance Sheet Amid Regulatory Shakeup

United Bank for Africa Plc (UBA) is deploying a comprehensive environmental, social, and governance (ESG) and corporate governance framework to anchor its ₦33.17 trillion...

UBA Pan-African Network to See Valuation Surge as CBN Mandates HoldCo Restructuring

The Central Bank of Nigeria (CBN) has released two simultaneous exposure drafts with a 29-day comment window, representing the most significant overhaul of the...

The 18x Multiple Challenge: Can Dangote Defend a $50 Billion IPO Premium?

As the Dangote Petroleum Refinery & Petrochemicals complex advances through its pre-IPO regulatory reviews with the Securities and Exchange Commission (SEC), its targeted $50...

Top 5 Nigerian Banks Command ₦164 Trillion Balance Sheet

Nigeria’s five largest banks held combined assets of about ₦164 trillion ($113 billion) at the end of the first quarter of 2026, with Access...

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