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Nairametrics (Nigeria)Marchésen
The Nigeria Centre for Disease Control and Prevention (NCDC) has identified two additional suspected cases of Ebola virus disease and 53 primary contacts as authorities intensify efforts to contain the infection in Nigeria. The Director-General of the NCDC, Dr Jide Idris,…
Nairametrics (Nigeria)Marchésen
The Nigerian Art market is valued at about $144 million, which gives us roughly N200 billion. The market however remains in its infancy. You can count Nigerian artists who have broken into the mainstream global art world with the fingers on your right hand. Robert Mbonu, the…
Nairametrics (Nigeria)Marchésen
In a market where bold announcements often outrun delivery, one Nigerian manufacturer is letting its repayments do the talking. Polysmart Packaging Limited, Nigeria’s largest plastic recycling company, has fully paid the maturity amounts of its non-interest commercial paper…
Nairametrics (Nigeria)Marchésen
Domestic investors traded N13.52 trillion worth of equities on the Nigerian Exchange (NGX) in the first nine months of 2026, exceeding the N9.27 trillion recorded throughout 2025 by N4.24 trillion, or 45.73%. The post Domestic equity trading hits N13.52 trillion, surpasses…
Nairametrics (Nigeria)Marchésen
The International Monetary Fund (IMF) has identified over-optimistic tax revenue projections, weak policy implementation and limited administrative capacity as key reasons governments often fall short of their revenue targets. The post IMF blames over-optimistic tax estimates,…
Nairametrics (Nigeria)Marchésen
The African Development Bank (AfDB) has raised $2.5 billion through a three-year global benchmark bond after investor orders reached $4.8 billion, nearly twice the amount issued. The post AfDB raises $2.5 billion in global bond as orders hit $4.8 billion appeared first on…
Nairametrics (Nigeria)Marchésen
Nigeria’s net foreign exchange (FX) flows rose to $22.50 billion in the second quarter of 2026, the highest level since the fourth quarter of 2019. The post Nigeria’s net FX flows rise to $22.5 billion in Q2 2026, highest since Q4 2019 appeared first on Nairametrics .
Nairametrics (Nigeria)Marchésen
Africa Prudential Plc has reported a 34.79% year-on-year increase in profit before tax to N4.07 billion for the nine months ended September 30, 2026, compared with N3.02 billion in the corresponding period of 2025. The post Africa Prudential’s pre-tax profit hits N4.07 billion in…
Nairametrics (Nigeria)Marchésen
ABC Transport Plc plans to raise N6.5 billion through a rights issue and bond issuance. The post ABC Transport obtains approval to raise N6.5 billion in fresh capital appeared first on Nairametrics .
Nairametrics (Nigeria)Marchésen
Trading turnover on the FMDQ Exchange reached N551.23 trillion in the first nine months of 2026, equivalent to $403.08 billion, with foreign exchange and Open Market Operations (OMO) bills accounting for nearly two-thirds of market activity. The post FMDQ turnover hits N551.23…
Nairametrics (Nigeria)Marchésen
Nigerian Exchange Group Plc (NGX Group) has reported an 83.29% year-on-year increase in group profit before tax to N20.58 billion for the nine months ended September 30, 2026, compared with N11.23 billion in the corresponding period of 2025. The post NGX Group’s pre-tax profit…
Nairametrics (Nigeria)Marchésen
Stanbic IBTC Pension Managers Limited recorded a profit before tax of N52.58 billion for the nine months ended September 30, 2026, making it the largest profit contributor among Stanbic IBTC Holdings Plc’s non-bank subsidiaries with separately disclosed results. The post Stanbic…
Nairametrics (Nigeria)Marchésen
Unilever Nigeria Plc has announced that Chika Nwobi will retire from its board of directors on December 31, 2026, after nearly nine years as an Independent Non-Executive Director. The post Unilever Nigeria announces Chika Nwobi’s retirement after nine years on Board appeared…
Nairametrics (Nigeria)Marchésen
Geregu Power Plc has signed an agreement with Siemens Energy for three generator transformers to strengthen plant reliability, following a sharp decline in electricity revenue during the first half of 2026. The company disclosed the agreement in an October 23, 2026 announcement…
Nairametrics (Nigeria)Marchésen
The Securities and Exchange Commission (SEC) has established an Unclaimed Monies Office to help investors resolve issues involving unclaimed funds, providing a direct channel for complaints without lengthy processes. The post SEC establishes Unclaimed Monies Office to help…
Nairametrics (Nigeria)Marchésen
Coronation Insurance Plc has renewed its application for regulatory approval of a scheme to buy out minority shareholders and delist its shares from the Nigerian Exchange Limited. The post Coronation Insurance revives minority buyout, seeks SEC approval for delisting appeared…
Nairametrics (Nigeria)Marchésen
Lagos State Governor Babajide Sanwo-Olu says his administration has delivered 10,623 housing units across 23 estates in the state’s five administrative divisions since 2019. The post Sanwo-Olu says Lagos delivered 10,623 housing units across 23 estates appeared first on…
Nairametrics (Nigeria)Marchésen
The Nigeria Sovereign Investment Authority (NSIA) and its partners have awarded $277,000 to seven Nigerian startups through the fourth edition of the NSIA Prize for Innovation (NPI). The post NSIA, partners award $277,000 to 7 Nigerian startups at Demo Day appeared first on…
Nairametrics (Nigeria)Marchésen
The Federal Government has commissioned six transmission substations in Kano and Katsina states, adding 640 megawatts (MW) of electricity transmission capacity to the national grid as it intensifies efforts to strengthen Nigeria’s power infrastructure. The post FG adds 640MW…
Nairametrics (Nigeria)Marchésen
Nigeria will miss out on $2.5 million in FIFA preparation funding after the Super Falcons failed to qualify for the 2027 FIFA Women’s World Cup in Brazil, adding a financial consequence to a campaign that ended the country’s record of appearing at every edition of the…
Nairametrics (Nigeria)Marchésen
Guinness Nigeria Plc has released its unaudited third quarter (Q3) 2026 financial results, reporting a pre-tax profit of N61.65 billion for the nine months ended September 2026. The post Guinness Nigeria’s 9M 2026 pre-tax profit rises 55% to N61.65 billion, declares interim…
Nairametrics (Nigeria)Marchésen
AVA Capital Plc reported profit before tax of N2.63 billion for the nine months ended September 30, 2026, as client investment funds rose to N77.79 billion following the expansion of its asset management business. The post AVA Capital posts N2.63 billion 9-month profit as client…
Nairametrics (Nigeria)Marchésen
The Nigerian Exchange Limited (NGX) reversed its brief upward traction on Wednesday, returning to negative territory as N515.95 billion was wiped out of equities market capitalisation. The post NGX reverses gains as bearish pressure wipes out N516 billion in market value appeared…
Nairametrics (Nigeria)Marchésen
The National Board for Technology Incubation (NBTI) says it has unlocked investment and development-finance pipeline exceeding $600 million through international partnerships, including a $500 million solar-energy partnership and a $100 million financing memorandum of…
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