Dangote Targets London Listing to Fund Cement Expansion
Africa’s richest man, Aliko Dangote, is considering listing part of his cement business in London in what could become one of the biggest international market moves by a Nigerian industrial group in recent years.
The proposed listing is...
CBN's Policy Hits With N1.92trn Market Loss
The stock market on Thursday closed on a negative note as investors lost N1.92 trillion following sell-offs in banking and cement stocks.
This came amid reactions to new regulatory guidelines by the Central Bank of Nigeria on foreign subsidiaries...
Power Minister Tegbe Unveils Five Priorities to Achieve Stable Electricity Supply
Nigeria’s Minister of Power, Joseph Olusunkanmi Tegbe, has outlined five key priorities aimed at stabilising electricity supply and repositioning the nation’s power sector for sustainable growth.
According to the minister, the priorities are designed to...
Nigeria Records 11.2% GDP Growth in Dollar Terms in 2025, Eyes $1tn Economy by 2030 - Oyedele
Nigeria recorded a strong Gross Domestic Product (GDP) growth rate of 11.2 per cent in US dollar terms in 2025, reinforcing the country’s ambition to build a $1...
The Nigerian equities market closed lower on 5 May 2026, shedding 1,411.37 points to settle at 241,750.15, a 0.58% decline from the previous close, as selling pressure hit large-cap stocks including Wema Bank, MTN, and Aradel.
Money Market Liquidity Drops to N5.8trn
The Nigerian money market maintained a steady posture mid-week as the banking system’s massive liquidity surplus experienced a marginal narrowing. Despite the contraction, the financial system remains significantly awash with cash, shielding interest rates from upward pressure even in...
