- Business
OPay gets board, shareholder approval for NGX listing
OPay Limited, the Nigerian-focused fintech preparing for a proposed $4 billion initial public offering (IPO) in the United States, has secured board and shareholder approval to pursue a secondary listing on the Nigerian Exchange Limited (NGX), potentially opening its ownership to more domestic investors. The approval, disclosed in the company’s registration statement filed with the United States Securities and Exchange…
Read More » - Perspectives
30 days fuel discount: Thumb-up for the listening President, by Kola Amzat
Across the globe, the essence of governance is efficient service delivery in all facets. More importantly, government authority is continually compelled to hearken to the yearnings of the governed for the purpose of addressing challenges militating against their well-being and general welfare. The 30 days fuel discount initiative recently announced by the federal government is one laudable decision that could…
Read More » - Business
Dangote Group forecasts naira at N1,385/$ average for 2026
Dangote Group has projected the naira to trade at around N1,330 per dollar in the fourth quarter of 2026, with a full-year average of about N1,385 per dollar , as rising foreign reserves, returning portfolio inflows and lower fuel import requirements support the currency. The Group in its Economic Research and Intelligence H1 2026 Economic Report attributed the naira’s appreciation…
Read More » - Economy
Government accounts for N11.08trn bond listings on NGX
Government securities dominated new and supplementary listings on the Nigerian Exchange Limited (NGX) in the first nine months of 2026, accounting for approximately N11.08 trillion, or 80per cent of the N13.86 trillion in identifiable listing value recorded during the period. This is according to the latest Nigerian Exchange Regulation (NGX RegCo) X-Compliance Report, which detailed securities admitted to the Exchange…
Read More » - Business
Depositors of failed banks get N69.65bn, says NDIC
The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that it has paid a cumulative N69.65billion to insured depositors of failed financial institutions as part of efforts to protect bank customers and strengthen confidence in the banking system. The Director of Strategy Development at the NDIC, Mrs Gwa Uduak, disclosed this on Thursday during the opening ceremony of the corporation’s 2026…
Read More » - Economy
Moove exits: Eligible Nigerian drivers to operate N35bn vehicles
Moove said it is transferring vehicles worth about N35billion to eligible Nigerian customers as it concludes its operations in the country after six years. Under the arrangement, drivers currently operating eligible vehicles through Moove’s drive-to-own and rental products will take full ownership of the vehicles, with no further payment to the company required for the vehicles themselves from October 1,…
Read More » - Economy
Nigeria’s education spending drops amid states’ 93% revenues increase, says World Bank
The World Bank says Nigeria’s 36 states recorded a 93 per cent increase in revenues between 2023 and 2025 but education received a declining share of the sector’s expenditure. The bank disclosed this in its latest Nigeria Development Update, which examined how increased public revenues have influenced spending priorities across the federation. According to the report, states’ aggregate revenues rose…
Read More » - Economy
Equities market drops by N1.33trn on profit taking in Aradel Holdings, 31 others
Selling pressure intensified on the floor of the Nigerian equities market with a decline of N1.33 trillion, marking one of the steepest single-day declines in recent weeks. As a result, the All-Share Index declined by 2,054.25 points, representing a loss of 0.82 per cent to close at 248,042.50 points. Also, market capitalisation shed N1.33 trillion to close at N161.052 trillion.…
Read More » - Business
SEC assures fintechs, digital asset firms of creating clear regulatory pathways
The Securities and Exchange Commission (SEC) has assured fintech and digital asset operators that it does not intend to stifle their operations, saying it is focused on creating clear regulatory pathways while ensuring market stability. SEC Director-General, Dr Emomotimi Agama, said this on Wednesday in Abuja at the second Bi-Annual Regulator/FinTech Clinic organised by the Commission. He said the Commission…
Read More » - Business
Dangote Refinery offers 20% of $1.6bn IPO to East African investors
Dangote Petroleum Refinery & Petrochemicals FZE is offering investors in East Africa access to nearly 20per cent of its initial public offering (IPO), with the regional offer expected to raise as much as $300.4 million. The details were contained in an information memorandum released on Wednesday after regulators in Kenya and Uganda cleared routes for eligible investors in both countries…
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