Ways and Means Debt Records First Drop as Moratorium Ends
The Federal Government’s securitised Ways and Means liability fell by N613.34 billion in the second quarter of 2026, marking the...
Court Hits 21 Unlicensed Investment Firms with N30 Million Fines Each
Nigeria’s capital market regulators have scored a significant enforcement win after a Federal High Court in Nasarawa State convicted 21...
Banking System Liquidity Falls N3.86 Trillion as CBN Open Market Operation Drains Cash
Nigeria’s banking system liquidity dropped by N3.86 trillion on Thursday after the Central Bank of Nigeria carried out a fresh...
Otedola’s Fortune Reaches $2 Billion as FirstHoldCo Crosses N7 Trillion Market Cap
Femi Otedola’s wealth has risen to $2 billion, according to Forbes, placing him within $100 million of Tanzania’s Mohammed Dewji...
FG Raises N748.64 Billion from FGN Bonds as Borrowing Rates Ease
The Federal Government raised N748.64 billion from its September 2026 domestic bond auction, with investors showing strong demand for both...
Foreign Reserves Climb $12.76 Billion in a Year, Gain $708 Million in September
Nigeria’s gross foreign exchange reserves rose by $12.76 billion year-on-year to $54.61 billion as of 14 September 2026, reinforcing the...
Dangote Refinery IPO Draws N1.5 Trillion in Six Hours as Bamboo and Cowrywise Apps Struggle
The initial public offering of Dangote Petroleum Refinery and Petrochemicals FZE opened on the Nigerian Exchange in Lagos on Monday,...
Rabiu and Dangote Hold Three-Quarters of $37.7 Billion in NGX Wealth Among Top Investors
Seventeen Nigerian investors each held shares listed on the Nigerian Exchange worth at least $100 million as of 11 September...
Dangote’s Fortune Could Climb by About $23 Billion as Refinery IPO Opens
Aliko Dangote, Africa’s richest man, is set for a potential increase of roughly $23 billion in his personal wealth as...
Trade Surplus More Than Doubles to N12.6 Trillion as Exports Climb
Nigeria’s merchandise trade surplus more than doubled to N12.60 trillion in the second quarter of 2026, driven by stronger exports...
