Business

The NGX Group briefing to President Bola Ahmed Tinubu on 6 August 2026 puts market capitalisation at N158.10trn as at 5 August, from N28.70trn in H1 2023, with the All-Share Index at 244,912.24 and foreign portfolio flows at N1.28trn from N185.62bn, a multiple of 6.90 times on Proshare’s computation. The Exchange returned 57% in H1 2026, second among the six…

For independent oil and gas players in Nigeria to optimize the value of their assets, boost returns on investments and ensure resilient systems, they must get asset integrity right, fix obsolescence in their operations and consciously work on life extension of their assets, the CEO Seplat Energy, Engr. Effiong Okon has said. Engr. Okon said this during the Panel Session …

In a fresh boost for Nigeria’s corporate debt capital market, Pathway Advisors Limited has officially announced the launch of Zeenab Foods Limited’ s Series 3 Commercial Paper (CP) issuance of up to N25 billion.  The offer, now open to subscription, is issued under the company’s broader N50 billion Commercial Paper Programme. According to transaction details made available, the subscription window…

The Securities and Exchange Commission (SEC) has intensified efforts to reduce unclaimed funds and other dormant investment assets by launching a Probate/Unclaimed Monies Awareness and Investor Clinic aimed at helping beneficiaries recover inherited investments and strengthening investor protection in Nigeria’s capital market. Speaking at the opening of the clinic in Abuja organised by the Commission in partnership with Meristem on…

The Nigerian equities market closed the midweek trading session on a bullish note, as gains in Nestle Nigeria Plc and others caused the overall capitalistaion to close higher by N71 billion. Precisely, the All-Share Index up by 109.41 points, representing a gain of 0.04 per cent to close at 244,912.24 points. Also, market capitalisation appreciated by N71 billion to close…

Dangote Cement Plc, BUA Cement  Plc and HBM Nigeria Plc generated a combined N3.2 trillion in revenue during the first half of 2026, about 26.5per cent increase from N2.5 trillion recorded during the same period of 2025. This is coming amid price hikes of cement , rising housing developments, construction activity and infrastructure projects fuelled demand and pushed earnings to…

The Securities and Exchange Commission (SEC) will on Thursday August 6, hold an investor clinic in Abuja to educate investors and beneficiaries on how to recover unclaimed monies and inherited investments in the Nigerian capital market. The programme, tagged “Probate and Unclaimed Monies Awareness and Investor Clinic,” is part of a nationwide awareness campaign launched by the Commission in collaboration…

The Airline Operators of Nigeria (AON) has opposed plans by aviation unions to disrupt flight operations over the alleged non-remittance of Ticket Service Charges (TSC) to the Nigeria Civil Aviation Authority (NCAA), warning that any industrial action would hurt passengers and the aviation industry. In a statement on Monday, the association said the planned action was based on misinformation, stressing…

Following a rigorous 12-month verification process, the National Insurance Commission (NAICOM) has announced that 43 insurance companies have completed the sector-wide recapitalisation exercise, thereby meeting the new Minimum Capital Requirements set out under Section 15 and other relevant provisions of the Nigerian Insurance Industry Reform Act (NIIRA) 2025. The recapitalised firms comprise 23 non-life operators, 8 composite operators, 10 life…

Nigeria has joined Saudi Arabia and 13 other countries in endorsing a proposed multinational maritime security alliance aimed at protecting commercial shipping, global energy corridors and freedom of navigation in the Red Sea and surrounding waterways. The decision marks Nigeria’s entry into a major international security initiative spearheaded by Saudi Arabia amid growing attacks on commercial vessels, oil tankers and…