Capital Market

NNPC says it has finished a baseline assessment for its planned listing and is fixing governance and financial reporting gaps, though no date is set.

Nigeria’s state governments have significantly increased spending on infrastructure and other capital projects following a sharp rise in public revenue, with total state expenditure climbing by more than 182 per …

Africa’s efforts to close its infrastructure deficit are being affected not only by limited access to funding but also by the high cost of raising capital for major projects. Nigeria’s …

President of Dangote Industries Limited, Aliko Dangote, has said he would prefer not to be described as the richest man in Africa, saying his goal is to be recognised as …

The NASD Over-the-Counter (OTC) Securities Exchange sustained its positive momentum, recording gains for the fourth consecutive trading session as investor sentiment remained mildly upbeat in the unlisted securities market. Market …

Champion Breweries Plc has taken a major step in strengthening its financial position after successfully issuing a five-year fixed rate senior unsecured bond at a coupon rate of 19.50 per …

Nigerian Exchange (NGX) Limited recorded a strong increase in trading activities last week, as investor participation rose sharply following the resumption of normal market sessions after the festive holidays. The …

Presco Plc has successfully completed its recent rights issue, recording a strong subscription level of 103 per cent, a development that points to growing confidence among shareholders in the company’s …

The Securities and Exchange Commission (SEC) has asked the Investments and Securities Tribunal (IST) to order the immediate freezing of bank accounts linked to Crypto Bridge Exchange (CBEX) and 25 …

Two Nigerian insurance companies, AXA Mansard Insurance and International Energy Insurance Plc, have projected a combined profit before tax of about N5.53bn for the first quarter of 2026. The projections …