Nigerian Stocks Gain 0.3% as Oil and Gas Demand Drives
Nigerian stocks rose 0.3% last week, driven by oil and gas demand. The market remains overbought but momentum is easing, creating room for fresh buying interest.
Category : Investments
MultiChoice Offers Free DStv Upgrade for Nigerian Subscribers
MultiChoice launches 'Open Time' promotion for DStv subscribers in Nigeria, offering free upgrade to higher-tier packages including Premium with over 160 channels for June 2026.
Linkage Assurance profit surges 748% as insurers benefit
Linkage Assurance Plc reports 748% profit surge to N6.25 billion in Q1 2026, driven by high-yield investments amid economic challenges.
Top 10 Biggest Commercial Banks in Nigeria by Assets in 2026
Access Holdings leads Nigeria's top banks by total assets in Q1 2026, followed by UBA and Zenith Bank. Total assets grew amid forex gains and stable banking sector.
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Dangote Refinery Plans Major IPO Like Wall Street
Dangote Refinery is planning a major IPO that could rival Wall Street listings, opening ownership to public investors to expand capital and global presence.
AfDB Warns Africa Trade Finance Gap May Reach $86.6 Billion
The African Development Bank warns Africa's trade finance gap could reach $86.6 billion by 2027 due to geopolitical tensions, rising energy costs, and tighter credit conditions.
Forex Brokers from Seychelles Top 5 Picks 2026
Discover the top 5 Forex brokers from Seychelles for African traders in 2026, focusing on trust, reliability, and modern trading platforms.
Kenya Now Leads Nigeria in Startup Capital Attraction
Kenya has overtaken Nigeria as Africa's leading venture capital destination, capturing nearly one-third of the continent's $3.1 billion funding in 2025, according to a new report.
UNCTAD: $1 Trillion Needed Yearly for Energy Transition
UNCTAD warns developing economies need over $1 trillion yearly by 2030 for renewable energy, citing FDI and technology gaps.
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Otti Unveils ₦306m Digital Business Support for Abia Entrepreneurs
Governor Alex Otti launches a ₦306 million digital business support scheme for Abia entrepreneurs, targeting SMEs with technology-driven solutions and funding to boost economic growth.
Champion Breweries Assures Investors of Sustainable Growth
Champion Breweries Plc reassures shareholders of sustainable growth despite economic challenges. Chairman Imo-Abasi Jacob highlights expansion, dividends, and new canning line.
FG Declares Two-Day Holiday for Eid-el Kabir 2026
Nigeria's FG declares May 27-28, 2026 as public holidays for Eid-ul Adha, honoring Muslim faith and urging prayer and reflection.
Dangote Refinery IPO: Wall Street-Size Listing for African Investors
Dangote Refinery plans a historic IPO up to $5 billion, opening ownership to everyday Africans, reshaping capital markets, and democratizing wealth creation.
Dynasquare Homes Allocates Lands at Iremide Heritage Garden
Dynasquare Homes held a land allocation event at Iremide Heritage Garden in Ibadan, attracting over 50 investors. The MD/CEO emphasized reducing Nigeria's housing deficit through accessible land ownership.
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World Bank Seeks $23 Billion Private Investment in Africa
The World Bank plans to mobilize $23 billion in private investment across Africa over four years, using guarantees to boost sectors like energy, agribusiness, and digital services.
Hatchback vs Electric SUV: Rethinking Car Choices
Buyers weigh practicality against sustainability as hatchbacks like Hyundai i20 compete with electric SUVs like Maruti Suzuki e Vitara in a shifting automotive market.
Musk Could Be First Trillionaire, Dangote Wealth Rises
Elon Musk could become the world's first trillionaire if SpaceX IPO hits $2 trillion valuation. Aliko Dangote's net worth rises to $36.7 billion.
Otedola Commits $100M to Dangote Refinery Private Placement
Billionaire Femi Otedola commits $100 million to buy a stake in Dangote Refinery's private placement ahead of its September 2026 IPO, valuing the refinery at $40-50 billion.
Dangote Refinery IPO: How to Buy Shares as Launch Date Set
Dangote Refinery IPO set for September 2026. Aliko Dangote confirms investor interest nears $2 billion. Femi Otedola plans $100 million investment. Learn how to buy shares.
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Dangote Refinery Aims for $2 Billion Private Placement
Aliko Dangote announced the Dangote Refinery is targeting nearly $2 billion through a private placement ahead of its planned IPO, with strong investor interest already exceeding expectations.
Otedola Invests $100M in Dangote Refinery Before IPO
Billionaire Femi Otedola announces $100 million investment in Dangote Petroleum Refinery ahead of its landmark IPO, signaling confidence in Nigeria's energy future.
Dangote Refinery IPO Targets Retail Investors, 10% US Capacity
Aliko Dangote announces the Dangote Petroleum Refinery IPO will focus on retail investors, with the facility representing 10% of US refining capacity and aiming for Africa's highest turnover.
Moniepoint DreamDevs Bootcamp Second Cohort Demo Day May 26
Moniepoint's second DreamDevs Bootcamp cohort will showcase software engineering projects at a Demo Day in Lagos on May 26, 2026, after nine weeks of intensive training.
Payaza Secures A- Rating Upgrade, Fintech Confidence Grows
Payaza Africa Limited receives an A- credit rating upgrade from Agusto & Co, reflecting strong fundamentals, governance, and institutional trust as the fintech expands payments infrastructure.
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South African Pension Fund Eyes Dangote Refinery IPO
South Africa's GEPF and PIC visit Dangote Refinery, signaling investor interest ahead of a planned pan-African IPO that could reshape energy and industrial sectors.
Canada-Africa Business Conference Set to Boost Economic Ties
The Canada-Africa Chamber of Business will host its sixth conference in Lagos from June 24-25 to deepen economic ties between Canada and Nigeria, focusing on trade and investment.
SEDC Names Risevest CEO Eleanya Eke as Startup Competition Judge
Eleanya Eke, CEO of Risevest, joins the South East Development Commission's venture capital pitch competition as a judge, supporting entrepreneurship in Nigeria's South-East region.
Nigeria's N130tr credit deficit stifles 39m MSMEs
Dele Oye says Nigeria's N130 trillion credit gap is a structural catastrophe, with fewer than 1 in 20 MSMEs accessing formal credit, hindering growth and job creation.
Heirs Insurance Gets Double FT Growth Recognition
Heirs Insurance Group secured two spots on the 2026 FT ranking of Africa's fastest-growing companies, with Heirs Life Assurance at 7th and Heirs General Insurance at 41st.
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Diaspora Projects Can Attract Foreign Investment to Nigeria
Stella Okengwu explains how diaspora initiatives can boost foreign direct investment in Nigeria through trust, strategic partnerships, and policy reforms.
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