11 hours ago

Foreign investors flee Nigeria’s stock rally as local institutions pile in trillions

Nigeria’s external reserves surge $7.09 billion YTD to hit $52.66 billion

August 24, 2026

Best performing Money Market Funds in Nigeria as of July 2026

August 24, 2026

Equities ›

Nigerian equities sustain bearish run with N137.12 billion losses ahead of Eid-Ul-Mawlid break

Otedola increases First HoldCo stake with fresh N12.58 billion share acquisition

Foreign investors flee Nigeria’s stock rally as local institutions pile in trillions

Exclusives ›

Access Holdings stock rebounds 35% from low. Earnings must accelerate further

Meet the owners of the most expensive restaurants in Abuja

Lagos needs N6 trillion annually to fix housing crisis, research by GTI shows

Fixed Income ›

GPC Energy and Logistics plans N30 Billion infrastructure bond offer

Best performing Money Market Funds in Nigeria as of July 2026

FMDQ turnover hits N426.51 trillion in seven months as OMO, FX drive activity

Financial Services ›

FirstBank, PAPSS and the race to own Africa’s payment rails

Fidelity Bank secures NGX approval to delay H1 2026 results filing

Afreximbank profit jumps 30% to $535 million as lending swells

Corporate Updates

COMPANIES

U.S. launches $125,000 project to preserve 4,000-year-old Lejja iron-smelting site in Enugu State

August 24, 2026

COMPANIES

UBA strengthens Africa’s future leadership pipeline, graduates 374 young professionals

August 24, 2026

COMPANIES

Dangote Refinery’s free fuel delivery expands to Kano, Imo and nearly 10 more states

August 24, 2026

COMPANIES

FCSL launches InvestEd+, turning market literacy into habit

August 24, 2026

Currencies ›

Naira outlook brightens as US dollar index nears 5-month low

Naira strengthens to N1,346.90/$ as weekly FX turnover doubles to $4.5 billion in one week

Naira triumphs against British Pound, settles at N1,819/£1

NAFEM turnover surges to $1.41 billion, highest in five weeks

Naira strengthens to N1,350/$, strongest level since April

Profiles ›

Meet the owners of the most expensive restaurants in Abuja

FTN Cocoa taps Wale Jubril to steer board after chairman’s death

Meet the Managing Partners behind Nigeria’s 10 biggest audit firms

Meet the 12 CEOs running Nigeria’s Electricity Distribution Companies in 2026

Meet Wasiu Olanrewaju-Smart, the 40-year-old Harvard graduate appointed Tinubu’s legislative adviser

Economy ›

PenCom registers 143,248 new pension accounts as coverage gap persists

Nigeria’s external reserves surge $7.09 billion YTD to hit $52.66 billion

NICA wants FG to inject N2 trillion into credit guarantee company

CPPE warns against reversing reforms, says Nigeria must turn stability into jobs

Nigeria’s creatives lose half their workweek to admin, payment delays, report finds

Agriculture ›

Banks shift N3.86 trillion into agriculture as oil and gas credit shrinks

Lagos adds EV charging points to 7,000 sqm Agege food hub

FG unveils National Agric Mechanisation Policy, targets 4,000-capacity tractor plant

Nigerian onion traders suspend exports to Ghana as trade dispute deepens

Cheap imports are undercutting the oil palm business for Okomu Oil and Presco

Energy ›

Nigeria’s oil losses plunge from 97% to 2% under Tinubu, Elumelu says

Navy dismantles 3 illegal refineries, recovers 91,000 litres of crude oil in Rivers

NERC names 5-member interim board to fix troubled Kaduna DisCo

Geregu Power Chairman, Yari ‘personally’ funded N6 billion bond obligation

Dangote offers East African countries 30% stake in planned $17 billion refinery

Tech News ›

FCCPC clears MTN’s $6.2 billion IHS takeover, but with a condition

MTN Group approves $375 million buyback as H1 profit momentum strengthens

FG approves two new satellites to cut Nigeria’s reliance on foreign infrastructure

FG has invested over N3.8 trillion in IT infrastructure since 2023 — NITDA DG

NITDA: Traditional regulations can no longer guarantee Nigeria’s financial stability

Real Estate and Construction ›

Lagos needs N6 trillion annually to fix housing crisis, research by GTI shows

FG begins construction of 250 housing units for civil servants in Gwagwalada

Wike signs record 26,272 C-of-Os, surpasses past two administrations

Nigerians ditch big retailers as neighbourhood stores win daily spending – Report

Lagos Island land prices soar, Ikoyi hits N2.5 million per sqm

Aviation ›

Africa’s 10 busiest airports account for 8.35 million seats in August

Africa’s top 10 airlines account for 8.08 million seats in August

FAAN ejects Abuja Airport parking company over N25,000 fine scandal

FAAN moves to tighten Uber, Bolt operations at Nigerian airports

Ecuador intelligence chief, wife, American tourists killed in Kenya helicopter crash

Podcast

Nigeria’s brewers spend N220 billion fighting for consumers in H1 2026

Nigeria’s three listed breweries spent more than N220 billion on advertising and distribution in the first half of 2026,...

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Strait of Hormuz ambiguity triggered collapse of US-Iran truce – Analysts

Uncertainty over control of the Strait of Hormuz was a major factor behind the breakdown of the fragile truce between th...

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Nigeria’s pension industry consolidates as N31 trillion asset base fuels mergers

Nigeria’s pension industry is undergoing a major transformation as mergers and acquisitions reshape the competitive land...

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Health ›

Ebola outbreak worsens as fatality rate tops 46%, nears pandemic level

Nigeria gets 65% of EU’s €2.3 million cholera fund for 4 African countries

Nigeria moves to cap locum doctors’ work at 48 hours weekly

Ebola outbreak in Congo becomes deadliest in country’s history, kills 2,325 people

Nigeria targets local radiotherapy production by 2030 in new China deal

Hospitality & Travel ›

US Embassy warns Nigerian visa applicants over fake documents, security threats

South Africa denies stopping visas for Nigerians over anti-migrant protests

U.S. names Brandon Hudspeth as new consul general in Lagos

NIS deploys passport intervention team to UK to clear application backlog

Europe is coming for the passports Nigerians spend millions to get

Billionaire Watch ›

Otedola increases First HoldCo stake with fresh N12.58 billion share acquisition

South Africa’s richest man, Johann Rupert, is $1.3 billion richer in 2026

Otedola’s net worth nears $2 billion after $500 million gain YTD

Dangote, Rabiu add $9.5 billion to wealth YTD 2026

Otedola raises First HoldCo stake with N20.7 billion share purchase

Entertainment ›

Spider-Man: Brand New Day breaks West Africa box office record with N1.8 billion

Ikenga: The Last Festival rakes in N22 million, sets opening record

Premier League transfer spending surpasses €2.7 billion, exceeding La Liga, Serie A and Bundesliga combined

DStv, GOtv subscribers face activation delays as Premier League returns

Uche Montana’s Second Chances debuts with 5.3 million views on YouTube

Economy ›

PenCom registers 143,248 new pension accounts as coverage gap persists

Nigeria’s external reserves surge $7.09 billion YTD to hit $52.66 billion

NICA wants FG to inject N2 trillion into credit guarantee company

CPPE warns against reversing reforms, says Nigeria must turn stability into jobs

Nigeria’s creatives lose half their workweek to admin, payment delays, report finds

Corporate deals ›

IHS shareholders approve MTN takeover, company awaits regulatory approvals

S&P Global to acquire majority stake in Agusto & Co. in Africa expansion

MOPO signs $75 million REA deal to expand battery rental across Nigeria

Premium Pension, Trustfund Pensions propose merger to create Nigeria’s third largest PFA

Mergers, acquisitions and takeovers: Nigeria’s biggest corporate deals in H1 2026

Companies ›

GPC Energy and Logistics plans N30 Billion infrastructure bond offer

U.S. launches $125,000 project to preserve 4,000-year-old Lejja iron-smelting site in Enugu State

UBA strengthens Africa’s future leadership pipeline, graduates 374 young professionals

MTN Group approves $375 million buyback as H1 profit momentum strengthens

Dangote Refinery’s free fuel delivery expands to Kano, Imo and nearly 10 more states

Consumer Goods ›

Guinness Nigeria says weak balance sheet is gone, bets N20 billion on growth

Consumer goods giants spend N75 of every N100 earned as costs bite

PZ Cussons Nigeria CEO Dimitrios Kostianis steps down after three years

Unilever leads as Nestlé and Cadbury face margin pressure in Q1 2026

Guinness Nigeria targets sustained profit recovery, growth momentum – CEO

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May 31, 2026

ECONOMY

Tax strategies for Nigerian diaspora investors in 2026

May 30, 2026

Foreign investors flee Nigeria’s stock rally as local institutions pile in trillions

Nigeria’s external reserves surge $7.09 billion YTD to hit $52.66 billion

Best performing Money Market Funds in Nigeria as of July 2026

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