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Nine NGX companies battle negative shareholders’ funds, weak returns

At least nine companies listed on the Nigerian Exchange Limited are currently grappling with significant balance-sheet pressure, as their shareholders’ funds have turned negative, with most of them also posting poor or negative Returns on Equity. An analysis of financial data belonging to these firms, available to Vanguard, shows that Premier Paints Plc, Omatek Ventures […]

Conferences featured

Shettima returns from BRICS summit, after trade talks with India’s PM

Vice President Kashim Shettima has returned to Nigeria following his participation in the 18th BRICS Leaders’ Summit held in New Delhi, India, where he represented President Bola Tinubu. He arrived back on Tuesday after taking part in high-level summit sessions and a series of bilateral talks covering trade, investment, energy, technology, healthcare and other sectors […]

Tech

Microsoft unveils AI code of conduct as development debate grows

Microsoft has published a provisional code of conduct that would place restrictions on its artificial intelligence models, days after executives at Anthropic and OpenAI agreed to slow the pace of AI development. The Windows and Office maker is seeking to position itself as a responsible player in the AI industry, where it is also a […]

Tech

OpenAI urges UK lawmakers to tighten AI safety rules

OpenAI has called on British lawmakers to introduce legislation to strengthen oversight of artificial intelligence, citing growing concerns about the safety of increasingly powerful AI systems. The ChatGPT maker said the UK Government should act on the renewed concerns surrounding AI development, following a recent call by rival AI company Anthropic for a coordinated slowdown […]

Tech

Anthropic unveils Claude suite to automate financial advisory tasks

Anthropic has launched Claude for Financial Advisors, a suite of artificial intelligence tools designed to help financial advisers automate research, meeting preparation and documentation. The company said the new offering combines AI connectors with what it calls “workflow skills” to streamline routine tasks and improve advisers’ productivity. Claude for Financial Advisors connects with custodians, asset […]

Tech

Musk’s xAI drops antitrust suit against Apple

Elon Musk’s xAI and X Corp. have agreed to withdraw an antitrust lawsuit against Apple Inc., which accused the iPhone maker of favouring OpenAI’s ChatGPT over competing artificial intelligence chatbots. In a filing on Monday, the two companies asked a federal judge in Texas to approve the voluntary dismissal of their claims against Apple. However, […]

Business

Dangote Refinery IPO attracts N1.5tn in first hour

Investors subscribed about N1.5tn worth of shares in the Dangote Petroleum Refinery and Petrochemicals initial public offering within the first hour of its opening on Monday, September 14, 2026, on the Nigerian Exchange, highlighting strong demand for the offer. The IPO comprises 4.1 billion ordinary shares priced at N525 each and is targeting approximately N2.15tn, […]

Business

Tinubu orders release of funds for regional development commissions

President Bola Tinubu has directed the Secretary to the Government of the Federation, George Akume, to ensure the prompt release of all funds approved for the country’s regional development commissions. Tinubu issued the directive on Monday at the North Central Development Commission Summit, themed, “The Great Leap Forward: A 20-Year Economic Infrastructure and Social Development […]

Business

Europe buys out Dangote Refinery jet fuel supply

The Chairman of Dangote Petroleum and Petrochemical Limited, Aliko Dangote, has disclosed that the company’s jet fuel supply to the European market has been fully sold from August through September. Dangote said the refinery currently has no jet fuel available for sale in Europe, with only supplies earmarked for the Nigerian market remaining. He made […]

featured Policy and Regulations

SEC warns investors against fraud as Dangote Refinery IPO opens

The Securities and Exchange Commission has cautioned prospective investors against falling victim to fraudulent platforms and unauthorised individuals as the Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals FZE opens to the public on Monday, September 14, 2026. The Commission, in a public notice signed by its management on September 14, urged investors to […]