Motsepe Loses $800 Million in 2026
Patrice Motsepe, Africa's first black billionaire, has lost $800 million in 2026, according to Forbes. His net worth fell from $3.2 billion to $2.4 billion due to mining and investment losses.
Category : Investments
Elon Musk Loses $45 Billion as SpaceX Shares Tumble
Elon Musk's net worth dropped by $45 billion following a sharp decline in SpaceX shares after the Starship launch failure, raising concerns about the company's valuation.
SFS REIT Reports 29% Rise in H1 2026 Net Income Despite Cash Outflows
SFS REIT announced a 29% increase in net income for H1 2026, reaching N1.2 billion, despite significant cash outflows from financing activities.
Nigerian Money Market Funds: Best Emergency Fund Upgrade
Nigerian money market funds offer higher returns than savings accounts while maintaining liquidity, making them ideal for emergency funds. Experts recommend them for short-term goals.
Dangote Secures $2.5bn in Private Placement Ahead of Refinery IPO
Dangote refinery raised $2.5bn via private placement, oversubscribed with $4bn demand. IPO planned as early as August, potentially Africa's largest listing.
Apple Overtakes Nvidia as World's Most Valuable Firm
Apple reclaimed the title of the world's most valuable company, reaching a $4.88 trillion market cap on July 17, 2026, surpassing Nvidia's $4.72 trillion.
Kenya Plans Golden Visa for Nigerian and Global Investors
Kenya is developing a residency-by-investment programme targeting foreign investors, including Nigerians, to boost capital inflow and startup funding.
Coronation Merchant Bank Wins Euromoney Award for DCM
Coronation Merchant Bank has been named Nigeria's Best Investment Bank for Debt Capital Markets at the Euromoney Awards, highlighting its leadership in DCM transactions.
Pension Funds Anchor ₦20.69bn Private Debt Fund Series II
FCMB-TLG Private Debt Fund Series II raised ₦20.69bn, oversubscribed by 3.43%, with 78% from pension funds, deepening local-currency capital for mid-sized firms.
UBA Business Series: Africa's Next Billion-Dollar Opportunities
At the UBA Business Series, investors pinpointed sectors like fintech, agribusiness, and renewable energy as Africa's next billion-dollar opportunities, driving economic transformation.
Pension Funds Anchor ₦20.69bn Private Debt Fund Issuance
FCMB-TLG Private Debt Fund Series II raised ₦20.69bn, 103.43% subscribed, with 78% from pension funds, boosting local-currency capital for mid-sized Nigerian firms.
SEC Recovers N270 Billion Unclaimed Dividends Campaign
The SEC has launched a nationwide campaign to recover N270 billion in unclaimed dividends, targeting investors and companies to reunite funds with rightful owners.
SpaceX Shares Fall Below $135 IPO Price, Wiping Out Gains
SpaceX shares dropped below their $135 IPO price for the first time since listing, erasing all gains for early investors amid market volatility and production concerns.
NREIT Seeks N30.4 Billion in Series 6 Offer
Nigerian Real Estate Investment Trust (NREIT) launches Series 6 offer to raise N30.4 billion for expanding its real estate portfolio, targeting investors seeking stable returns.
Stock Buy Picks: Zenith, UBA, Access Top Brokers List
Top Nigerian brokers recommend buying Zenith, UBA, and Access Bank shares, citing strong fundamentals and growth prospects in the banking sector.
Q2 2026 Investment Returns: Top Sectors for H2
Q2 2026 saw mixed returns across asset classes. Equities led with 8.5% gain, while bonds dipped 2.1%. Experts advise positioning in tech and energy for H2.
Nigerian Stocks: Top Picks for H1 2026 Earnings Season
Nigerian equities rally as H1 2026 earnings season begins. Analysts highlight bargain hunting opportunities in fundamentally sound stocks like Zenith Bank, Unilever, BUA Cement, Coronation Insurance, and UACN.
Trust Structures Key to Wealth and Legacy Preservation
Trust structures are essential for preserving wealth and legacy in Nigeria, offering asset protection, tax efficiency, and succession planning. Experts stress their growing importance amid economic uncertainties.
Regency Alliance Offers N7.37B Shares in Recapitalisation
Regency Alliance Insurance Plc launches a N7.37 billion rights issue to boost capital base, offering 7.37 billion shares at N1 each to existing shareholders.
Nigeria's Best Equity Mutual Funds June 2026
Nigeria's equity mutual funds posted strong returns in June 2026, with the top fund gaining 8.5%. Sector leaders include Stanbic IBTC and FBNQuest.
NGX Meets FTSE Russell, International Investors in London
NGX officials met FTSE Russell and global investors in London to address T1 classification concerns, aiming to retain Nigeria's status in FTSE equity indexes and boost foreign investment.
Best Performing CEOs by Mutual Fund Performance June 2026
Nairametrics reveals the top-performing CEOs in Nigeria's mutual fund industry as of June 2026, based on fund returns and assets under management.
Airtel Africa Hits N5,801 as NGX Surges, Reclaims 55% Threshold
Airtel Africa shares hit N5,801, driving NGX to reclaim a 55% year-to-date return and surging N3.45 trillion in market cap.
Emerald HoldCo launches takeover offer for Beta Glass shares
Emerald HoldCo B.V, new majority owner of Beta Glass, offers N590.94 per share for up to 11.74 million shares, a 5% premium over market price. Offer runs July 7 to August 4, 2026.
NGX Records N7.23 Billion Block Trades
The Nigerian Exchange recorded N7.23 billion in block trades, with Zenith Bank accounting for most of the deals, highlighting strong investor activity.
Xenergi Launches N76 Million Mandatory Takeover Bid for Premier Paint
Xenergi Limited has initiated a mandatory takeover bid for Premier Paint Plc, offering N1.95 per share, totaling N76.27 million, following its acquisition of a controlling stake.
Nigerian stocks gain N3.17 trillion in one day
Nigerian equities surged by N3.17 trillion on July 7, 2026, recovering from recent losses, driven by buying interest in MTN Nigeria and banking stocks.
Lady Locks N1.5 Million in PiggyVest, Earns N240,000 Interest
A Nigerian lady locked N1.5 million in PiggyVest SafeLock for one year and will earn N240,000 interest, sparking reactions online.
Nigerian Stocks: Next NGX Rally to Reward Smart Investors
The next Nigerian stock market rally will favor investors who adopt strategic approaches, according to analysts, with key sectors poised for growth.
Man Deposits N700k in PiggyVest, Gets N75k Interest Immediately
A Nigerian man deposited N700,000 into PiggyVest and received N75,000 interest immediately, sparking reactions online as many questioned the instant credit.
Page 5 of 12