As the Dangote Group moves closer to listing its refinery on the Nigerian Exchange Limited (NGX), anticipation is building across Nigeria’s capital market, with investors weighing what many describe as a transformative opportunity, tempered by lingering concerns. Market sentiment is already heating up, with widespread retail and institutional interest. Many Nigerians alike believe the listing …
Emerging Nigerian artists take centre stage as the group exhibition Wake Up! opens Saturday, March 21, 2026, at Angels & Muse in Ikoyi. The exhibition will feature photography, digital art, and painting from eight artists, including Ade(To)Juwon Anthony Adeniyi, Franklyn Okoye, Charles Lasisi, Ajilore Kehinde, Chuka Onwordi, Joshua Bakare, Lohi Simone, and curator Awele Onwordi. …
President Bola Tinubu’s recent state visit to the United Kingdom delivered about $1.5 billion in deals and strengthened diplomatic ties, but fell short of translating into clear benefits for Nigerian businesses, according to the Alliance for Economic Research and Ethics LTDGTE. In a statement on Friday, 20 March, by its Chairman, Dele Oye, the organisation …
The recent appreciation of the naira is reshaping Nigeria’s economy, reducing costs for importers while cutting earnings for exporters, households receiving remittances, and government revenues. When President Bola Ahmed Tinubu took office in May 2023, the naira traded around ₦463/$ under a controlled system run by the Central Bank of Nigeria (CBN). In June 2023, …
Nigeria moved into a borrowing position in 2025 after a sharp drop in foreign investment inflows and rising payments to investors weakened its financial account. This was disclosed by the Central Bank of Nigeria (CBN) in its latest balance of payments report. The decline happened even as the country’s external reserves increased, pointing to pressure …
Global investors and development financiers have praised reforms in Nigeria’s financial sector, describing them as credible and confidence-boosting. They made the comments at the Africa Capital Forum held at The Peninsula London on the sidelines of President Bola Tinubu’s state visit to the United Kingdom (UK). Speaking at the high-level forum, the British Deputy High …
Escalating tensions between the United States, Israel and Iran have triggered volatility across African equity markets, as investors retreat from risk assets and reposition into safe havens. Markets from Lagos to Johannesburg have recorded sell-offs, cautious trading and sector rotations, driven by surging oil prices, currency pressure and global uncertainty. Brent crude has climbed on …
The Nigerian Exchange (NGX) has revealed plans to overhaul free-float requirements as part of a broader strategy to deepen Nigeria’s equity market and attract more investors. The NGX Group Chief Executive Officer, Temi Popoola, made this known, according to a report by Bloomberg He hinted that the exchange is working closely with the Securities and …
The recent escalation of tensions in the Middle East, between the United States (US) and Iran, is raising fresh concerns that the Central Bank of Nigeria (CBN) may be forced to reconsider its plans to continue lowering benchmark interest rates, as rising oil prices and inflation risks ripple through the global economy. A senior market …
In a series of regulatory guidelines issued last week, the Central Bank of Nigeria (CBN) introduced new measures aimed at strengthening security, transparency and consumer protection across Nigeria’s financial services sector. Released through several circulars between March 10 and March 13, 2026, the new rules cover areas including instant payments, ATM deployment, fraud monitoring, Bank …
