Business

Access Holdings Plc, on Monday announced that its flagship subsidiary, Access Bank Plc , has redeemed its $500 million Senior Unsecured  Eurobond, which matured on September 21, 2026. The company secretary, Access Holdings, Mr. Sunday Ekwochi in a statement posted on the Nigerian Exchange Limited (NGX) said the  repayment underscores the Bank’s strong liquidity position, disciplined balance  sheet management, and…

… says Nigeria’s tax-to-GDP ratio was just 8.2% before reforms Nigeria cannot build a sustainable tax system by focusing only on what citizens and businesses must pay, without also building trust in the system through which they pay, the Office of the Tax Ombud has said, warning that the country’s tax reform agenda risks falling short of its goals unless…

Investor appetite for cement and banking stocks sustained the uptrend in the equities market yesterday, with the overall capitalization advancing by N1.18 trillion. The All-Share Index (ASI) gained 1,523.59 points, representing a gain of 0.62 per cent to close at 246,315.38 points. Also, market capitalisation rose by N1.18 trillion to close at N159.892 trillion. The upturn was driven by price…

Seplat Energy Plc shares have climbed to a new record level on the Nigerian Exchange Limited (NGX), rising 10% in the last 10 days to N14,907.80 from N13,552.60. The latest rally has pushed the energy company’s shares to their highest level recorded on the NGX, extending a sharp run that has seen the stock more than double in value this…

Following high demand for Aradel Holdings Plc, the Nigerian equities market gained N651.78 billion on Tuesday  to sustain its positive momentum for the second consecutive days’ session this week.  As the stock price of Aradel Holdings on the Nigerian Exchange Limited (NGX) gained 9.62per cent to close  at N1,550.00 per share, the market capitalisation of listed companies closed at N158.399…

The Securities and Exchange Commission (SEC) has warned investors against fraudulent platforms and unauthorised agents seeking to receive applications or funds for Dangote refinery’s initial public offering (IPO). The commission issued the warning on Monday as the IPO opened for subscription, urging investors to use only officially approved receiving agents and subscription channels. “Obtain information about the IPO only from…

President and Chief Executive Officer of Dangote Industries Ltd., Alhaji Aliko Dangote , on Monday said the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals (FZE) will democratise wealth creation.   Dangote said this at the “Facts Behind the Offer” presentation and opening gong ceremony for the refinery’s IPO in Lagos.  The ceremony witnessed the Nigerian Exchange Ltd. formally…

By Olatomiwa Osho  The Lagos State Government has called for greater adoption of Artificial Intelligence (AI) among women entrepreneurs, stressing that access to technology is critical for improving productivity and scaling businesses. The Commissioner for Commerce, Cooperatives, Trade and Investment, Hon. Folashade Bada Ambrose-Medebem, made the call at the closing of the third edition of the W.O.M.A.N. 2026 programme, organised…

The initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE drew roughly N1.5 trillion in subscriptions within six hours of opening on the Nigerian Exchange in Lagos on Monday, in what is being described as the largest IPO in Africa.   The IPO is targeting up to 10 million retail investors, making it one of the most accessible major…

Dangote Petroleum Refinery & Petrochemicals FZE today announced the commencement of its Initial Public Offering (IPO), marking a historic milestone in Nigeria’s economic development and the evolution of Africa’s capital markets.  The offer will be formally launched at a ceremony on the trading floor of the Nigerian Exchange (NGX) in Lagos, bringing to the public, for the first time, an…