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 […]
PMI surges to 54.0 in September — CBN
By Yinka Kolawole Nigeria’s economy maintained upward momentum in September 2025, as the Purchasing Managers’ Index (PMI) rose to 54.0 points from 51.7 points in August, marking the tenth consecutive month of expansion. According to the latest PMI report released by the Central Bank of Nigeria (CBN), the index indicated stronger expansion in business activity across key […]
EQUITIES: Investors’ gains skyrocket ahead of Q3 earnings, Sept inflation data
By Peter Egwuatu Investors raked N2.16 trillion profit, highest week-on-week so far and the fifth consecutive week upswing, coming ahead of the third quarter 2025, Q3’25, earnings report and inflation data for September. Specifically, the Nigerian Exchange Limited, NGX, market capitalisation, which shows the total value of equities on the Exchange, closed on Friday at N93.296 trillion […]
Cardoso reaffirms collaborative approach to economic coordination
Cardoso has underscored the importance of clear communication, credible data, and strong coordination between fiscal and monetary authorities
CBN orders banks to refund failed ATM transactions within 48 hours
The new guideline also requires banks and ATM operators to deploy advanced systems that automatically reverse failed or partial transactions.
We’re partnering top firms to deliver Nigeria’s first floating LNG project — UTM
By Udeme Akpan, Energy Editor The Group Managing Director/CEO of UTM Offshore Limited, Dr. Julius Rone, has said that the company is working with top engineering companies and other partners to execute Nigeria’s first Floating Liquefied Natural Gas (FLNG) project. He stated that the project, located offshore Akwa Ibom State, has made significant progress because of […]
