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SEC direct market operators two days to submit Q2 2026 ownership
The Securities and Exchange Commission (SEC) has directed all Capital Market Operators to submit their Q2 2026 Ownership Structure and Capital Flows Returns on or before Friday, July 10, 2026. This is according to the market regulator’s latest circular titled “Request for the Submission of Q2 2026 Ownership Structure and Capital Flows Returns” published on Wednesday, July 8. The directive…
Read More » - Economy
Nigerian equities appreciates by N9.4trn in four days
The Nigerian equities market has appreciated by N9.4 trillion in its fourth consecutive trading activities this week to close at N156.547 trillion from N147.103 trillion it opened for trading this week. Consequently, the Nigerian Exchange Limited All Share Index (NGX ASI) in its Month-to-Date and Year-to-Date returns settled higher at +6.3per cent and +56.8per cent, respectively. The breakdown by WESTERNPOST …
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CBN allots N1.06trn to investors at NTB auction
The Central Bank of Nigeria (CBN) allotted N1.06 trillion at its Wednesday, July 8, 2026 Treasury bills primary market auction, raising the stop rate on the one-year bill sharply to 17.70per cent compared with the June 17 auction stop rate of 17.34per cent while keeping the mid-tenor rate unchanged. The auction result seen by Nairametrics shows total subscriptions of about…
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S&P places Nigeria on 2027 watchlist for frontier market reclassification
S&P Dow Jones Indices (S&P DJI) has placed Nigeria on its 2027 watchlist for a potential reclassification as a “Frontier” market, citing regulatory reforms aimed at improving transparency, market integrity, and accessibility. The global index provider disclosed this in a notice released, noting that it will monitor developments in Nigeria for the remainder of 2026 before deciding whether to reclassify…
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UBA Foundation partners Slum2School to equip pupils with financial literacy skills
…introduces the money explorers book to inspire a culture of saving UBA Foundation, the Corporate Social Responsibility arm of the United Bank for Africa(UBA) Group, has strengthened its commitment to financial education by partnering with Slum2School Africa to deliver a hands-on financial literacy workshop for underserved children, equipping them with essential money management skills from an early age. At the…
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BREAKING: Nigerian equities market gains N3.45trn in one day to cross N155trn mark
The Nigerian equities market appreciated by N3.45trillion on Wednesday to cross the N155 trillion mark as investors renewed interest in Airtel Africa Plc, and 32 others. As Airtel Africa gained 10 per cent or N27.40 to close at N5,801.40 per share, the market capitalisation of listed equities on the Nigerian Exchange Limited (NGX) closed for trading at N155.586 trillion from…
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At 46%, Nigeria emerges as one of the report’s most AI-engaged e-commerce markets, says DHL
AI could soon choose what we buy, sustainability has shifted from nice-to-have to non-negotiable, and second-hand shopping is rapidly becoming mainstream, according to new DHL eCommerce research. The E-Commerce Trends Report 2026, based on survey findings from 29,000 online shoppers and 5,800 e-commerce businesses across 29 countries, including Nigeria, highlights the biggest shifts retailers need to prepare for in the…
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NNPCL signed $20bn gas deals in last one year, says Ojulari
Group chief executive officer (GCEO), Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari, has revealed that the firm has signed several landmark gas sale and purchase agreements (GSPAs) since the NOG Energy Week 2025. Speaking at the 25th NOG Energy Week 2026 in Abuja on Tuesday, Ojulari said the gas deals, signed in the last one year, are worth $20…
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Nigeria becomes sixth African country to join IEA
The Minister of state for petroleum resources (gas), Ekperipe Ekpo, has revealed that Nigeria becomes sixth African association member of the International Energy Agency (IEA). Ekpo spoke on Tuesday during the NOG Energy Week 2026 conference, held in Abuja. He said the admission makes Nigeria the IEA’s sixth African association member and the first member of the Organisation of Oil…
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2025FY: Oando announces 7% drop in profit to N204.81bn
Oando Plc on Monday reported seven per cent to N204.81 billion profit after tax in audited result and accounts for full year ended December 31, 2025 as against N220.12 billion reported in audited result and accounts for full year ended December 31, 2024. The audited financial results, released to the Nigerian Exchange Limited (NGX) showed that the indigenous energy company…
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