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UK state investment agency faces security review after

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MAN calls for tax harmonisation, reliable energy for

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Sterling Financial records 31.5% growth in gross earnings

  • 3rd August 2026

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BREAKING: FirstHoldCo crosses ₦6trn market capitalisation in historic first

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Investment

Profit-taking erases ₦1.261trn from NGX investors’ portfolios

Nigeria’s stock market reversed course last week as widespread profit-taking erased N1.261 trillion from investors’ portfolios, ending the week in negative territory after a sustained rally. The decline followed renewed selling pressure across major banking, industrial and consumer goods stocks as investors cashed in on the strong gains recorded in recent weeks. Data from the […]

Business

Coronation Infrastructure Fund announces ₦789.78m payout to investors

The Coronation Infrastructure Fund has announced a semi-annual income distribution of N8.985 per unit for the half-year ended June 30, 2026, amounting to approximately N789.78 million payout to the 87.9 million shares outstanding. This is according to a corporate filing with the Nigerian Exchange by the Fund on Thursday, July 16, pursuant to Section 25 […]

Business featured

‘I’m not a billionaire’, Nigerian investor reveals in viral interview

The founder of Aruwa Capital Management, Adesuwa Okunbo Rhodes, has dismissed the notion that she is a billionaire despite revealing insights into the scale of investments she manages, insisting that wealth creation comes through identifying opportunities rather than personal fortune. Rhodes made the clarification during a street interview with James of the popular platform @schoolofhardknocks, […]

Investment

Investors lose ₦782bn as NGX extends losses

Trading on the Nigerian stock market extended its negative trend on Tuesday, with investors losing N782 billion, marking the third consecutive trading session of losses. The decline was driven by broad-based profit-taking, with losses recorded across insurance, banking, consumer goods, industrial and technology stocks. The market capitalisation depreciated by 0.50 per cent to N155.203 trillion […]

Business

Nigerian stocks shed ₦5trn as investors take profit from June 1

Nigerian stocks have lost more than N5 trillion in value since June 1 as profit-taking activities gathered pace on the Nigerian Exchange, following months of strong gains that pushed the market to unprecedented levels. The market capitalisation had surged beyond N160 trillion at the end of May, reflecting the remarkable performance recorded by listed equities […]

Business

Legend Internet assures investors of future prospects despite H1 loss

Legend Internet Plc has reassured investors of stronger earnings prospects in the future despite reporting a pre-tax loss of N199.34 million for the six months ended January 31, 2026, as aggressive investments in network expansion, rising operating expenses and significantly higher financing costs weighed heavily on profitability. The broadband and digital services provider moved from […]

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Nigerian stock market gains ₦1.1trn as investors return

The Nigerian stock market closed at the weekend on a bullish note as investors gained about N1.1 trillion Week-on-Week driven largely by renewed buying interest in banking and industrial stocks. Data from the Nigerian Exchange Limited showed that the market capitalisation, which represents total value of stocks listed on the Exchange rose to N157.094 trillion […]

Investment

Tinubu woos investors in Paris, pledges fiscal discipline transparency

President Bola Tinubu has met with global investors in Paris, France, emphasising transparency and fiscal discipline, and explaining the rationale for the swift implementation of bold reforms. Vanguard reported that at the meeting, the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, highlighted Nigeria’s strong GDP growth in dollar terms in […]

Investment

Investors gain record ₦17.6trn in Nigerian stock market February

The Nigerian stock market achieved a historic milestone in February 2026 as investors recorded a massive gain of N17.6 trillion, marking the highest monthly gain ever in the history of the Nigerian capital market. This surge pushed the Nigerian Exchange Limited market capitalisation significantly higher, rising from N106.153 trillion at the end of January to […]

Policy and Regulations

Business leaders urge policy consistency for investor confidence in Nigeria

Business leaders at the European Business Chamber Nigeria Annual Conference and Expo have stressed that predictable and stable economic regulations are crucial for maintaining investor confidence and securing long-term capital commitments. Vanguard reported that the Chief Executive Officer of APM Terminals Nigeria, Frederik Klinke, addressed the roundtable on European Business Perspectives in Nigeria. He acknowledged […]

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