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.

The equities market extended its bullish run on Tuesday, with the Nigerian Exchange (NGX) All-Share Index (ASI) advancing by 0.53% to close at 244,697.62 points.

The South African Rand climbed ahead of the country’s gross domestic product (GDP) data scheduled for release on Tuesday, as the debt office planned to auction local bonds.a

First Bank of Nigeria Limited’s capital adequacy ratio (CAR) fell below the Central Bank of Nigeria (CBN) benchmark in Q1 2026, a regulatory breach that analysts anticipate will be restored at the end of the third quarter.

BUA Cement Plc’s share price declined by 10% week-on-week due to profit-taking amid a broader sell-off in the Nigerian stock market.  The cement company’s share price printed at N378, though low volume was seen all week, reflecting BUA’s concentrated holding.

Nigeria’s foreign reserves topped $50 billion in the first week of June due to sustained FX receipts across key sources, data from the Central Bank of Nigeria (CBN) revealed.