Author: Ogochukwu Ndubuisi
Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.
Dangote Refinery’s Private Placement Attracts $2 Billion Before IPO Even Launches Dangote Refinery is heading to the stock market, and investors are not waiting for the starting gun. Aliko Dangote, President and Chief Executive of Dangote Industries Limited, revealed on Wednesday that investor appetite for the planned listing of the refinery on the Nigerian Exchange is exceptionally strong, with indications of interest for the private placement already exceeding two billion dollars. The announcement came during a high-profile visit to the refinery complex in Ibeju Lekki, Lagos, where Femi Otedola, chairman of First HoldCo and one of Nigeria’s most prominent billionaires,…
Oil prices rose on Thursday as a sharper-than-expected decline in US crude inventories reinforced concerns over tightening supply. Meanwhile, ongoing negotiations between Washington and Tehran helped limit fears of broader escalation in the Middle East.
I’II Scrap Federal Character Principle if Elected President – Amaechi A former Minister of Transportation, Rotimi Amaechi, says he will scrap the federal character principle if elected president in 2027, insisting that all Nigerians should enjoy equal citizenship rights. Amaechi, a presidential aspirant on the platform of the African Democratic Congress (ADC), made this known shortly after appearing before the ADC screening committee on Wednesday in Abuja. He said that issues relating to indigeneship would no longer exist under his administration, regardless of whether citizens originate from the northern, eastern, western or southern part of the country. According to him,…
Nigeria’s Current Macroeconomic Environment Sufficient for Disinflation – Cardoso The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, says Nigeria’s macroeconomic fundamentals remain resilient enough to support a gradual return to lower inflation. Cardoso stated this on Wednesday in Abuja while presenting the communiqué from the 305th meeting of the Monetary Policy Committee (MPC). The MPC retained the Monetary Policy Rate (MPR) at 26.5 per cent and left all other monetary parameters unchanged. The committee also retained the asymmetric corridor around the MPR at +500/-100 basis points. Similarly, the Cash Reserve Ratio (CRR) was retained at 50…
Seplat Shareholders Approve N113.78 Dividend for 2025 Shareholders of Seplat Energy have approved a total dividend payout of N113.78 per share for the 2025 financial year. The approval was given at the company’s 13th Annual General Meeting (AGM) held on Wednesday in Lagos. The dividend comprises a final payout of N68.54 and a special dividend of N45.24 per share. Speaking at the AGM, Chairman of Seplat Energy, Mr Udoma Udo Udoma, said the company had projected delivering one billion dollars in shareholder dividends over the next four to five years. Udoma said Seplat would continue to sustain investor returns following…
CPPE Backs CBN for Holding Monetary Policy Rates The Centre for the Promotion of Private Enterprise (CPPE);has praised the Central Bank of Nigeria (CBN) for retaining key monetary policy parameters at the 305th MPC meeting. Dr Muda Yusuf, CPPE Chief Executive Officer, in a statement on Wednesday, described the decision as pragmatic and reflective of prevailing inflationary realities confronting the Nigerian economy. The Monetary Policy Committee (MPC) retained the Monetary Policy Rate (MPR) at 26.5 per cent during its latest policy meeting held in Abuja. The committee also retained the Cash Reserve Ratio at 15 per cent for merchant banks…
Fubara Withdraws from Rivers APC Governorship Primaries Gov. Siminalayi Fubara of Rivers has withdrawn from the All Progressives Congress (APC) gubernatorial primaries ahead of the 2027 governorship election in the state. Fubara announced his decision in a statement he issued to Journalists in Port Harcourt on Wednesday. Fubara said his move followed “deep reflection and extensive consultations” with his family, friends, and associates. The governor said he decided in the interest of peace, stability, and unity of Rivers people. “Leadership is ultimately about sacrifice. There comes a time when personal ambition must yield to the greater good of the people.…
Wema Bank’s Profit Surges to N221.9bn as Tier 1 Ambition Grows Wema Bank Plc says it is intensifying efforts to join Nigeria’s tier-one banking group in the near term, through strong earnings growth, fresh capital inflows and a strategic expansion drive. The Managing Director and Chief Executive Officer, Mr Moruf Oseni, gave the assurance on Wednesday at the bank’s Annual General Meeting (AGM) in Lagos. He said that the institution had recorded a deliberate and consistent improvement in profitability over the past three years. Oseni said management and staff were intentionally positioning the bank for top-tier status, pointing to a…
NCDC Debunks Ebola Rumours The Nigeria Centre for Disease Control and Prevention (NCDC) said Nigeria has not recorded any confirmed Ebola case linked to the current regional outbreak. The agency said surveillance and preparedness activities remained active nationwide to promptly detect any possible infections. The centre, in a Wednesday statement issued in Abuja, said it was responding to misinformation circulating about the outbreak by providing verified facts about Ebola transmission, prevention, symptoms, and the country’s preparedness measures nationwide. It said rumours claiming Ebola was already spreading widely in Nigeria were false, emphasising that no confirmed cases existed. At the same…
Lagos Unveils N10bn Loan to Cooperative-Based MSME’s Lagos State have inaugurated N10 billion Lagos State Access to Finance for Micro, Small, and Medium Enterprises (MSMEs), to expand access to finance for small businesses. The Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem, disclosed this on Wednesday during the 2026 Ministerial Press Briefing held at the Bagauda Kaltho Press Centre, Alausa, Ikeja. According to her, the initiative provides up to N10 million non-collateralised loans to cooperative-based MSMEs at a single-digit interest rate of nine per cent per annum through its LASMECO programme. She added that the state had already…