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Nigerian Navy Cracks Down on Illegal Refineries in Rivers State: What It Means for the Oil Sector The Nigerian Navy has dismantled four illegal refining sites in Rivers State, recovering approximately 43,000 litres of petroleum products suspected to be illegally…
NGX Meets FTSE Russell in London to Address T+1 Settlement Concerns The Nigerian Exchange Group (NGX) recently took a crucial step in engaging with FTSE Russell and international investors in London to discuss concerns surrounding Nigeria’s T+1 settlement cycle. This…
Headline: Nigeria’s Equity Mutual Funds Shrink Nearly 12% in NAV by June 2026: What Investors Should Know Nigeria’s equity mutual fund segment has seen a significant contraction in net asset value (NAV), dropping from N266.82 billion to N234.86 billion as…
Lagos Expands Rail Master Plan: What It Means for the City’s Future Lagos State has announced an expansion of its Strategic Transport Master Plan (STMP), now including 11 rail lines and one monorail. This ambitious move aims to tackle the…
Headline: Nigeria’s 2026 Market Rally: The Hidden Role of ‘Zombie Stocks’ Nigeria’s stock market rally in 2026 has attracted widespread attention, but beneath the surface lies a critical dynamic: the rise of ‘zombie stocks.’ These are companies that continue to…
First HoldCo Approves N253 Billion Capital Raise to Hit N1 Trillion Paid-Up Capital First HoldCo Plc, the parent company of FirstBank of Nigeria, has secured shareholder approval for a capital raise of N253.099 billion. This move will increase the group’s…
Kenya Leads Bloomberg’s 2026 Africa Startups to Watch List Bloomberg has released its 2026 Africa Startups to Watch list, and Kenya has emerged as the continent’s leading country with four startups featured. South Africa, Nigeria, and Tanzania each have three…
Bonny Light Crude Drops to $102 Amid Israel-Iran Truce: What Nigeria Needs to Know Nigeria’s benchmark crude, Bonny Light, recently sold for $102 a barrel following a significant geopolitical development: a truce between Israel and Iran. This pause in Middle…
Nigeria’s Agricultural Exports Hit N1.17 Trillion in Q1 2026: What It Means for the Economy New data from the National Bureau of Statistics (NBS) reveals Nigeria’s agricultural exports reached N1.17 trillion in the first quarter of 2026. This figure represents…
First HoldCo Approves N253 Billion Capital Raise to Hit N1 Trillion Paid-Up Capital First HoldCo Plc, the parent company of FirstBank of Nigeria, has secured shareholder approval for a capital raise of N253.099 billion. This move will increase the group’s…
