The Nigerian stock market extended its bullish run in May 2026, with investors gaining approximately ₦4.52 trillion as strong performances in industrial, insurance, and banking stocks lifted key market indicators despite weakening market breadth. Data from the Nigerian Exchange (NGX) showed that the All-Share Index (ASI) rose by 3.35 per cent during the month, climbing …
The Nigerian National Petroleum Company Limited (NNPC) recorded an upsurge in revenue in April 2026 just as it witnessed a significant recovery in upstream production. The NNPC monthly report for April 2026, released on Saturday, indicates that its revenue rose by 79 per cent to ₦4.971 trillion in April from ₦2.774 trillion recorded in March. …
The Nigerian Economic Summit Group (NESG) has appointed investment and entrepreneurship expert, Surayyah Ahmad, to its board as part of efforts to strengthen private sector leadership and drive sustainable economic growth in Nigeria. The appointment was approved during the organisation’s second-quarter board meeting held on May 12, according to a statement issued by NESG Chief …
A recent Supreme Court ruling on the powers of the National Inland Waterways Authority (NIWA) could significantly alter Nigeria’s investment landscape for waterfront developments by ending years of overlapping regulatory demands on land adjoining waterways, according to an analysis by the Chairman of Alliance for Economic Research and Ethics LTD/GTE, Dele Oye. In his analysis, …
The Nigeria Deposit Insurance Corporation (NDIC) has restated its commitment to talent development and stronger collaboration between academia and industry through a structured leadership exposure programme aimed at preparing future business leaders for real-world corporate challenges. The initiative, known as the Executive Industry Immersion Challenge (EIIC), was organised in partnership with the Nile Business School, …
Dangote Petroleum Refinery and Petrochemicals is set to go to the capital market with its initial public offering (IPO) in September, driven by overwhelming investor demand. President of the Dangote Group, Aliko Dangote, who gave the confirmation on Wednesday, said investor demands have reached $2 billion for the planned private placement, reflecting massive market confidence …
Nigeria’s electricity metering rate rose to 58.57 per cent in February 2026, up from 57.93 per cent recorded in January, according to the Nigerian Electricity Regulatory Commission (NERC). The improvement was attributed partly to the implementation of the World Bank-supported $500 million Distribution Sector Recovery Programme (DISREP), aimed at strengthening the country’s power distribution network …
Kiakiago Travels, one of Nigeria's leading IATA-accredited online travel agencies, has announced a landmark brand partnership with JJC Skillz — award-winning rapper, record producer, Nollywood filmmaker, and one of the most enduring cultural figures in Nigerian entertainment. The announcement, made in Abuja on Monday, signals a bold strategic move by the travel company to use …
The insurance sector has delivered strong returns on the Nigerian stock market over the past 52 weeks, with several stocks doubling, tripling and in some cases quadrupling in value, as the countdown to the industry’s recapitalisation deadline gathers pace. However, despite the sharp rally, the sector remains overshadowed by heavyweight performers in oil and gas, …
The Securities and Exchange Commission (SEC) said it will begin a one-business-day settlement cycle (T+1) for equities and commodities transactions in Nigeria’s capital market from June 1, 2026. The move will replace the current two-day settlement system, the commission announced in a statement on Tuesday, May 19. It noted that the new framework is part …
