- Economy
Nigeria, Germany sign €65m development cooperation agreement
On Thursday, the Minister of Budget and Economic Planning, Senator Abubakar Bagudu, and the Minister of State, Dr Doris Uzoka-Anite, joined senior officials of the German Government, development institutions, and members of the diplomatic corps to sign the Summary Record of the Nigeria-German Government Negotiations at the German Embassy in Abuja, marking a major milestone in the strengthening of bilateral…
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Nigeria, Germany conclude bilateral cooperation framework, sign agreement on Thursday
Nigeria and Germany have concluded negotiations on the renewed framework for bilateral cooperation, paving the way for the signing of the agreement in Abuja on Thursday. The framework, negotiated on behalf of Nigeria by senior officials from more than six ministries and MDAs, led by the Federal Ministry of Budget and Economic Planning, and by Germany’s Embassy in Nigeria and…
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Femi Otedola acquires N43.41bn fresh First HoldCo shares
Chairman of First HoldCo Plc, Olufemi Otedola has further strengthened his position in the group following a fresh share acquisition valued at approximately N43.41 billion. The acquisition, executed on the Nigerian Exchange Limited (NGX) on May 13, 2026, involved the purchase of 549,535,653 shares at an average price of N79 per share. Consequently, Otedola’s stake in First HoldCo has climbed…
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DMO announces N600bn FGN bond auction for May 2026
The Debt Management Office (DMO), on behalf of the Federal Government, has announced a fresh N600 billion Federal Government of Nigeria (FGN) bond auction for May 2026. The bond offer forms part of the government’s broader strategy to finance fiscal obligations, deepen the domestic capital market, and attract institutional investors amid sustained demand for fixed-income securities. According to the offer…
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Data to drive intelligent investing decisions in Nigeria, says Agama
The Director-General of the Securities and Exchange Commission, Emomotimi Agama, has said Nigeria’s capital market is positioning data, artificial intelligence and technology-driven regulation at the centre of investment decision-making to attract both domestic and foreign capital. Speaking at the FSDH Investor Conference 2026 in Lagos, Agama said the future of investing would be defined by the quality of intelligence and…
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NBET Finance Company lists N501.02bn fixed rate bonds on FMDQ Exchange
FMDQ Securities Exchange Limited has announced the approval and listing of NBET Finance Company Plc N300.00 billion 7-Year 17.50% Series 1 Tranche A Fixed Rate Bond and N201.02 billion 7-Year 17.50% Series 1 Tranche B Fixed Rate Bond under its N4.00 trillion Multi-Instrument Issuance Programme on its platform. With an aggregate issuance size of N501.02 billion, this landmark transaction ranks…
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New tax reforms designed to build a stronger fiscal foundation for Nigeria, says Oyedele
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the new tax reforms under president Bola Tinubu were designed to build a stronger fiscal foundation for Nigeria after years of structural weaknesses in the country’s tax administration. According to him, government revenue had remained too low compared to the country’s growing development needs, making the old…
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Dangote eyes $50bn refinery valuation ahead of IPO
Africa’s richest man, Aliko Dangote is reportedly targeting a valuation of up to $50 billion for his refinery business ahead of the planned initial public offer (IPO) expected later this year. Dangote had, in 2025, said the refinery could sell up to 10 percent stake in the listing, implying a deal size of up to $5 billion (N6.86 trillion at…
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Nigerian equities market appreciates by N1.5trn in one day
The Nigerian equities market on Tuesday maintained its positive momentum as investors gained approximately N1.519 trillion, bringing the total market capitalization to cross N161 trillion. The Nigerian Exchange Limited All-Share Index (NGX ASI) rose by 0.77 per cent, to close at 252,411.67 points. Similarly, the overall market capitalisation value gained N1.5 trillion to close at N161.775 trillion. The market positive…
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Zichis Agro Allied crosses N40 per share on NGX
The stock price of Zichis Agro-allied Industries Plc on Tuesday crossed the N40 per share on the floor of the Nigerian Exchange Limited (NGX) amid high investor demand. The stock price that closed for trading on Monday at N36.69 per share, gained 9.98 per cent or N3.66 per share to close on Tuesday at N40.35 per share. Listed on January…
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