The value of companies listed on the Nigerian Exchange (NGX) rose to a new record on Wednesday as investors continued to buy into banking, insurance and consumer stocks. Market capitalisation increased by ₦374.1 billion, moving from ₦162.68 trillion at Tuesday’s close to ₦163.06 trillion at the end of Wednesday’s trading session. The NGX All-Share Index,…
A major gas project in Rivers State has moved forward after TotalEnergies and AMNI International took the Final Investment Decision (FID) on the long-delayed Ima Gas Project. The project, located offshore near Bonny Island, is expected to start producing gas in 2028, more than 50 years after the Ima field was discovered in 1973. The…
Stakeholders in oil and gas sector have called for reforms to the country’s investment treaties and greater public participation in treaty-making processes to safeguard energy transition efforts and preserve the government’s regulatory authority. The call was made at a two-day Multi-Stakeholder Roundtable on Investor-State Dispute Settlement (ISDS), Energy Transition and Investment Governance in Nigeria, organised…
The Federal Government is expected to take delivery of 500 new Compressed Natural Gas (CNG) refuelling stations by the end of October as part of efforts to expand access to CNG across the country. Executive Chairman of the Presidential CNG Initiative (PCNGI), Ismael Ahmed, disclosed this in an interview with Sunday PUNCH, stating that the…
Nigeria’s current account surplus rose to $7.54 billion in the second quarter of 2026, up 67.9 per cent from $4.49 billion recorded in the first quarter, according to new data from the Central Bank of Nigeria (CBN). The latest figure was also 45.8 per cent higher than the $5.17 billion surplus recorded in the same…
Nigeria’s stock market has ended the week at another record high, with the value of listed equities rising to ₦162.16 trillion on Friday. The NGX All-Share Index also climbed to 249,804.56 points, up 1.42 per cent from Thursday’s close of 246,315.38 points. The latest gain means the market has continued its run of record highs…
Several Nigerian investment platforms struggled shortly after the Dangote Refinery’s public share offer opened, as investors rushed to buy into one of the country’s biggest-ever capital market deals. Bamboo, Cowrywise and InvestNaija were among the platforms where users reported difficulties. Bamboo said traffic on its platform jumped about 10 times within 30 minutes of the…
The Dangote Refinery is set to offer Nigerians an opportunity to directly own shares in what is expected to be one of the largest companies on the Nigerian Exchange (NGX). The refinery is preparing for an Initial Public Offering (IPO), with the offer expected to open on September 14 and close on October 13, 2026….
Nigeria’s long-delayed $2.5 billion Badagry Deep-Sea Port project has received a fresh push after APM Terminals entered exclusive negotiations with the project developers over its potential development. The agreement was signed on September 7 in Copenhagen during a Nigerian government delegation’s visit to Denmark, bringing one of the country’s most ambitious port projects back into…
The motion on notice filed by Dangote Petroleum Refinery in its legal battle with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) over the actions of the regulator against the refinery will today, September 9, be heard by the Federal High Court in Lagos. The hearing was sequel to an interim order obtained by…
