Nigeria’s manufacturing sector recorded its strongest business performance of 2026 in August, according to the latest Business Confidence Monitor from the Nigerian Economic Summit Group (NESG). The improvement was part of a wider recovery in business activity. Nigeria’s Current Business Performance Index rose from 108.6 points in July to 112.7 points in August, its highest…
Nigeria recorded a ₦12.60 trillion trade surplus in Q2 2026, more than doubling from the previous quarter as exports increased and imports fell, according to the latest report from the National Bureau of Statistics (NBS). The result gives Nigeria a strong headline economic figure. But the bigger story is what sits behind it. The country…
The long-delayed Badagry Deep-Seaport development has moved into a new phase after APM Terminals signed a Memorandum of Understanding with Badagry Port Development Limited to explore the project. The agreement was signed in Copenhagen during a visit by Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, and a Federal Government delegation. It commits the…
The Dangote Refinery IPO 2026 is targeting ordinary Nigerian investors, with the company offering shares at ₦525 each and a minimum subscription of 10 shares, worth ₦5,250. The ₦2.15 trillion offering involves 4.1 billion ordinary shares and is expected to become Africa’s largest IPO. The formal offer is scheduled to run from September 14 to…
The Dangote Refinery profit 2026 figures show a dramatic turnaround for Nigeria’s biggest refinery, with the company reporting ₦2.55 trillion in profit after tax on ₦19.47 trillion in revenue during the first half of the year. The results are particularly significant because they come ahead of the refinery’s planned Initial Public Offering, giving potential investors…
The CBN terrorism financing supervision 2026 push is putting Nigerian banks and other financial institutions under closer scrutiny as the Central Bank of Nigeria moves to strengthen controls against the use of the financial system to fund terrorism. In a September 8 statement, the CBN said terrorism financing supervision had become a current supervisory priority….
The FTSE Russell Nigeria Frontier Market 2026 upgrade is giving Nigeria’s capital market a major opportunity to reconnect with international investors after three years outside the global index provider’s classified frontier-market universe. FTSE Russell has confirmed 10 Nigerian companies as newly eligible large-cap stocks in its Frontier Index Series. The change will take effect when…
The Dangote Refinery IPO 2026 is shaping up to be more than a huge fundraising exercise. Aliko Dangote wants the ₦2.15 trillion share offer to bring millions of ordinary Africans into the ownership of one of the continent’s biggest industrial projects. The refinery’s IPO documents were signed in Lagos on Monday, with 4.1 billion shares…
Aliko Dangote has recorded a fresh increase in his wealth as investors prepare for the Dangote Refinery IPO 2026, which is expected to open its order book on September 14. Reports citing Forbes’ real-time billionaire tracker put Dangote’s wealth at $31.5 billion on September 4, up from $25.6 billion at the end of 2025. A…
The Federal Government will begin a two-week repair of Kara Bridge on the Lagos-Ibadan Expressway on Tuesday, September 8, with motorists warned to prepare for traffic delays and temporary lane restrictions. The work will focus on damaged expansion joints that have exceeded their service life. Officials say the repairs are necessary not only to improve…
