Police declare port corridor ticketing, revenue collection illegal
By Godwin Oritse The Western Ports Police Command has intervened in the brewing dispute between the Committee of Maritime Transport Unions and Associations (COMTUA) and the Lagos State Trucks and Cargo Operators Committee (LASTCOC) over the proposed sale of Lagos State revenue tickets along the Apapa and Tin Can Island port corridors. The intervention followed […]
Investors gain N3.7trn ahead of Nigeria’s climb to frontier status
By Peter Egwuatu The Nigerian stock market closed last week on a positive note, as investors on the Nigerian Exchange Limited, NGX, gained N3.73 trillion. This comes ahead of the transition of the Nigerian market from unclassified to frontier market later this month. Market details last week showed that gains in MTN Nigeria by 5.0%, […]
Businesses suffer as FG’s domestic borrowings surge 90% to N24.7trn
The federal government increased its borrowing from domestic investors by 90.5 per cent, year-on-year (YoY), to N24.7 trillion in the eight months to August 2026, against N12.98 trillion in the corresponding period of 2025 (8M’25).
Adoption of T+1 going on smoothly — SEC
By Peter Egwuatu The Securities and Exchange Commission (SEC) has said the adoption of the T+1 settlement cycle in Nigeria’s capital market is going on smoothly, describing it as a development that has enhanced competitiveness and provided relief to market participants. Disclosing this in a media chat in Abuja last weekend, Director, Registration, Exchanges and […]
Dangote Petroleum Refinery set for landmark IPO following SEC approval
… Proposed 4.1bn share offer could raise approximately ₦2.15trnBy Udeme Akpan The Securities and Exchange Commission (SEC) has approved the commencement of the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE, paving the way for what could become one of the largest capital market transactions in Nigeria’s history. The approval was conveyed […]
Nigeria’s reserves hit $54bn, highest in 18 years
Nigeria’s external reserves have risen to $54.08 billion, reaching their highest level in nearly 18 years and moving further above the Central Bank of Nigeria’s (CBN) projection for the end of 2026. Latest CBN data showed that the reserves reached $54.08 billion on September 3, compared with $53.99 billion on September 2 and $53.90 billion […]
