- Homeland News
100,000 Ogun women empowered to fight poverty, strengthen families, says Abiodun
Ogun State Governor Prince Dapo Abiodun has disclosed that about 100,000 women across the state have benefited from the World Bank-supported Nigeria for Women Programme (NFWP), describing women’s economic empowerment as a strategic tool for fighting poverty and strengthening families and communities. Abiodun made the disclosure on Tuesday when he received the United Nations Deputy Secretary-General, Ms. Amina Mohammed, who…
Read More » - Economy
Mid-Cap: FTSE Russell lists Wema Bank, nine others in frontier index series
Following the recent reclassification of Nigeria from “Unclassified” to “Frontier Market” status, FTSE Russell has listed Wema Bank Plc, nine others to its mid-capitalised Nigerian companies into its FTSE Frontier Index Series. Other companies in the mid-capitalised categories are: Access Holdings Plc , Dangote Sugar Refinery Plc, FCMB Group Plc, Fidelity Bank Plc, Guinness Nigeria Plc, Oando Plc, Okomu Oil…
Read More » - Business
Nigeria market capitalisation crosses N160trn mark
The equities market section of the Nigerian Exchange Limited (NGX) commenced the new week on a positive note, with market capitalisation crossing the historic N160 trillion threshold . The surge was driven by the listing of 8.09 billion new ordinary shares of Dangote Sugar Refinery on the Exchange, boosting investor confidence and trading activity. The NGX All-Share Index (ASI) gained…
Read More » - Economy
Dangote Refinery sets $3.97 minimum IPO subscription for investors
Aliko Dangote, Chief Executive Officer of Dangote Industries Limited, disclosed the minimum subscription requirement on Monday during the signing ceremony for the refinery’s IPO in Lagos. The offering comprises 4.1 billion ordinary shares priced at N525 ($0.40) each. If fully subscribed, the IPO is expected to raise about N2.15 trillion ($1.63 billion), making it Africa’s largest public share offering. The…
Read More » - Business
Dangote Refinery set for IPO signing ceremony
The Securities and Exchange Commission(SEC) has approved the launch of the IPO, with the company stating that the offering paves the way for what could become one of the largest capital market transactions in Nigeria’s history. The listing is expected to take place on September 14, according to a company official, with the signing ceremony of the Dangote Petroleum and…
Read More » - Business
NGX admits N26.69bn worth of Coronation Insurance, three other insurance companies
After raising fresh capital to meet the insurance sector’s recapitalisation exercise, the Nigerian Exchange Limited (NGX) has admitted a total of N26.69 billion worth of Coronation Insurance Plc and three other insurance companies. The other insurance companies are Sovereign Trust Insurance Plc, Sunu Assurances Nigeria Plc, and Regency Alliance Insurance Plc. After a successful Private Placement, Coronation Insurance listed N9.79…
Read More » - Business
FairMoney surpasses 30m registered users in Nigeria
FairMoney Microfinance Bank, a CBN-licensed digital financial institution in Nigeria, has announced that it has surpassed 30 million registered users in the country, marking a significant milestone in its mission to make financial services more accessible to Nigerians. This milestone represents more than growth. It reflects the growing number of Nigerians choosing FairMoney for their everyday financial needs Today, millions…
Read More » - Business
Sterling Financial Holdings Company lists N10.29bn worth of shares on NGX
Sterling Financial Holdings Company Plc after a successful private placement has listed an estimated N10.29 billion worth of shares on the Nigerian Exchange Limited (NGX). According to an announcement on NGX, the private placement of 2,573,080,294 ordinary shares of 50 kobo each at N4.00 per Share of the holdings financial institution was admitted. Trading Licence Holders are hereby notified that…
Read More » - Business
SECs approves N525 per share for Dangote refinery’s IPO
The Securities and Exchange Commission (SEC) has approved the commencement of the initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE, paving the way for what could become one of the largest capital market transactions in Nigeria’s history. SEC conveyed the approval in a letter to the Lead Issuing House, Vetiva Advisory Services Limited, signed by the Director…
Read More » - Business
Why BUA, UBA, Seplat, others missed FTSE’s Nigeria re-entry into Frontier Index Series
FTSE Russell has announced a major milestone for Nigerian capital markets: the reclassification of Nigeria from “Unclassified” back to “Frontier Market” status, effective September 21, 2026. The move restores the West African nation to global index tracking benchmarks following a three-year hiatus prompted by foreign exchange liquidity bottlenecks in 2023. As part of the transition, FTSE Russell unveiled 10 Nigerian…
Read More »
Follow our WhatsApp Channel