- Geregu Power Moves to Cure N6.03bn Bond Default
- Alphabet Tokenised bStock Rises Amidst Crypto Market Rally
- Why Some Investors Are Choosing Infrastructure Funds Over FGN Bonds
- Esso Nigeria Announces Drillship Arrival as Usan Infill Project Enters Execution Phase
- Crude Oil Prices Edge Higher, Brent Tops $92 Per Barrel
- SK Hynix Tokenised bStock Dips on Chipmaker Share Buyback Update
- Excess Liquidity in Banking System Keeps Funding Costs Stable
- Naira Weakens Against USD, EUR, GBP on Squeezed FX Liquidity
Analysis
The stock market value of MTN Nigeria Plc.’s 20.995 billion outstanding shares fell by about 5% on Tuesday
The Nigerian Exchange (NGX) All-Share Index (ASI) climbed as equities investors gained N99 billion, extending the 3-day rally. The Nigerian stock market closed on a positive note as buying interest persisted in several large- and mid-cap stocks.
OpenAI has officially joined Wall Street’s initial public offering (IPO) along with SpaceX and Anthropic, announcing that it has confidentially submitted a draft S-1 filing to regulators.
Seplat Energy Plc has appointed Mr Effiong Okon as Chief Executive Officer from Aug. 1, while Mr Tony Elumelu will become Chairman from Jan. 1, 2027.
The South African rand trades flat on Wednesday after the country reported 0.5% gross domestic product (GDP) growth in the first quarter of 2026.
Moody’s Ratings has today affirmed Bank of Industry Limited’s (BOI) long-term issuer ratings and long-term corporate family rating at B3.
Standard Bank Group has reaffirmed its commitment to support the growth of Dangote Industries Limited, pledging backing for the planned listing of the Dangote Petroleum Refinery while expressing readiness to finance future expansion projects across the continent.