Coronation Fund Reaches Key Milestone for Series II Offer
Coronation Infrastructure Fund completes critical regulatory approval for its Series II offer, targeting N50 billion to finance infrastructure projects across Nigeria.
Category : Investments
Pension Funds Lose N623 Billion in June Stocks Decline
Pension funds in Nigeria lost N623 billion in June 2026 due to a sharp decline in the stock market, according to data from the National Pension Commission.
Nigerian Stocks Surge 57% as Earnings Season Kicks In
Nigerian stock trading volume surged 57.3% to 4.4 billion shares as earnings season begins, with key stocks like United Capital, Aradel, and Fidelity Bank highlighted for strong fundamentals.
FG Proposes National Housing Finance Authority for Mortgages
The Federal Government announces plans to establish a National Housing Finance Authority to increase mortgage accessibility and reduce the housing deficit in Nigeria.
S&P Global Acquires Majority Stake in Agusto & Co.
S&P Global has agreed to acquire a majority stake in Nigerian credit rating agency Agusto & Co., marking a key step in its Africa expansion strategy. The deal is expected to close by 2026.
Dangote's Heirs Pledge One-Third of Fortune to Charity
Heirs of Aliko Dangote plan to donate one-third of his $35.1 billion wealth to charity, continuing his legacy of philanthropy and impact in Nigeria and beyond.
Zedcrest Wealth App Revolutionizes Stock Trading
Zedcrest Wealth app offers unique stock trading features including fractional shares and zero commission, making investing accessible to Nigerians with low capital.
Brent Crude Falls 5% on US-Iran Pause, Hormuz Shipping Hopes
Brent crude fell 5% to $85/barrel after the US and Iran paused hostilities, raising hopes of reopening the Strait of Hormuz for shipping.
FMDQ Corporate Bonds Hit N2.30 Trillion in June 2026
The total value of outstanding corporate bonds listed on FMDQ Exchange reached N2.30 trillion in June 2026, marking an 8.7% increase from N2.12 trillion recorded in May 2026.
Nigeria Raises Mortgage Target to 2,000 Yearly, Orders 40% NHF Allocation
The federal government has directed FMBN to allocate at least 40% of annual NHF contributions to mortgages, raising yearly disbursements from 500 to 2,000, and plans a social housing scheme for all 774 LGAs.
Nigeria Can Build Leading African Exchange: Popoola
NGX Group CEO Temi Popoola says Nigeria has the fundamentals to build a leading African exchange, citing reforms and market potential.
Dangote Confirms $2.5 Billion Private Placement
Dangote Industries has successfully completed a $2.5 billion private placement, marking a major milestone in its expansion plans across Africa.
Dangote Completes $2.5 Billion Private Placement
Dangote Group confirms the successful completion of its $2.5 billion private placement, marking a major milestone in the company's expansion plans.
Guinness Nigeria Q2 Results: N7 Interim Dividend Declared
Guinness Nigeria posts strong Q2 results and declares an additional N7 interim dividend per share, reflecting robust financial performance.
FG Launches YOUTHCRED for 500,000 Youths Up to N2 Million
The Federal Government launched YOUTHCRED for Entrepreneurs, offering loans from N200,000 to N2 million to over 500,000 Nigerian youths based on credit behaviour, not collateral.
Femi Otedola Buys 706M First HoldCo Shares, Nears Top
Femi Otedola acquired 706.1 million First HoldCo shares worth N77.6 billion, raising his stake to 21.95%, just 1% behind the largest shareholder RC Investment.
Unlocking Value in Nigeria's Capital Markets
Nigeria's capital markets offer significant opportunities in fixed income and equities, driven by economic reforms and investor confidence, according to analysts.
UH REIT Reports N518.5 Million Profit in H1 2026
UH Real Estate Investment Trust posted N518.5 million profit in H1 2026, driven by rental income and property revaluation gains, according to its unaudited financials.
Femi Otedola Buys N77.6 Billion First Holdco Shares
Femi Otedola acquires N77.6 billion worth of First Holdco shares, increasing his stake to 21.95%, making him the largest shareholder in the company.
Otedola Spends N77.6bn on First Holdco Shares
Billionaire Femi Otedola spent N77.6 billion to acquire 9.5% of First Holdco, becoming the company's second-largest shareholder and boosting investor confidence.
FirstHoldCo Hits N5 Trillion Market Cap Milestone
FirstHoldCo's market capitalization surpassed N5 trillion during midday trading on July 22, 2026, marking a historic achievement for the Nigerian financial group.
Zuckerberg Reclaims 5th Richest Spot; Dell Shares Decline
Mark Zuckerberg regains the world's fifth-richest position as Dell shares fall 6%, making him $2.1 billion richer than Michael Dell.
Otedola's First HoldCo Stake Hits 20.42%, Value N1.05 Trillion
Femi Otedola raised his First HoldCo stake to 20.42% after buying 680.8 million shares via private placement at N44 each, boosting his investment value to about N1.05 trillion.
NGX Investors Gain N1.76 Trillion on Buying Interest
NGX investors gained N1.76 trillion in one week as buying interest surged across banking, oil & gas, and consumer goods sectors, driven by positive earnings reports and improved investor confidence.
Nigerian stocks dip 0.1% on profit-taking, UBA tops picks
Nigerian stocks fell 0.1% last week due to profit-taking in industrial goods. UBA, Fidson, Wema Bank, Cornerstone Insurance, and Aradel Holdings are top picks.
Otedola Increases First Holdco Ownership to 20.4%
Billionaire Femi Otedola raises his stake in First Holdco to 20.4% as the company's H1 2025 earnings trigger a stock rally, boosting investor confidence.
Treasury Bills, FGN Bonds Beat Inflation as Disinflation Boosts Returns
Treasury bills and FGN bonds have outpaced inflation for the first time in years, offering positive real returns as Nigeria's disinflation trend gains momentum, according to Nairametrics.
CSCS Posts Record H1 Results, Approves First Interim Dividend
CSCS reported record H1 2026 results with N12.3bn revenue, as the board approved the company's first-ever interim dividend of N2.50 per share.
Market Movements Predict Economic Shifts Before Headlines
Markets often anticipate economic and business shifts before they become obvious in headlines. This article explains how traders and investors use price action, volatility, and volume to predict changes.
Access Holdings Sells 7.44% Stake in Ghana Unit
Access Holdings Plc has sold a 7.44% stake in its Ghanaian subsidiary to a strategic investor, aiming to strengthen the unit's capital base and support expansion in the West African market.
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