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 […]
High interest rates put Nigerian manufacturers at competitive disadvantage — MAN
…Seeks further MPR cut, special financing window The Manufacturers Association of Nigeria (MAN) have continued to bemoan the high interest rates in the country, noting that the situation has place the nation’s manufacturing sector at a competitive disadvantage against other countries of the world. Director General of MAN, Segun Ajayi-Kadir, noted this while expressing optimism […]
Binding constraints slowdown manufacturing activities in September — REPORT
By Yinka Kolawole There was a marginal decline in expansion of the manufacturing sector in September driven largely by weakness in key sub-sectors of the ecosystem occasioned by binding constraints. This was revealed in the NESG-Stanbic IBTC Business Confidence Monitor (BCM) Index for the Manufacturing sector in September 2025, which signaled that the sector recorded a slowdown […]
NDIC covers 99 % commercial banks’ deposits — MD
…Warns against Ponzi schemes By Emma Ujah & Favour Isaac The Nigeria Deposit Insurance Corporation (NDIC) currently provides full insurance cover for 98.98 percent of total customer deposits in Deposit Money Banks. The Managing Director of the Corporation, Mr. Thompson Sunday, revealed this at the NDIC Special Day at the ongoing 20th Abuja International Trade Fair, […]
NGX Review: Investors gain N1.175trn in 4-day trading week
The Nigerian Exchange Ltd. (NGX) All-Share Index and Market Capitalisation appreciated by 1.02 per cent and 1.31 per cent to close the week at 143,584.04 and N91.135 trillion respectively.
Dollar to Naira exchange rate today, October 3, 2025
Market participants said the official market’s firmness reflects improved FX liquidity and continued foreign-exchange inflows in recent weeks.
