…industrial assets.The proposed IPO has generated widespread attention across Nigeria's capital market, with Dangote repeatedly stating that the refinery remains on course for a public listing this year.However, enthusiasm surrounding the planned share sale briefly slowed in late June after the Securities and Exchange C…
…spoke in Abuja at the Fellowship Award Ceremony and 2nd Biennial Conference of the Capital Market Academics of Nigeria. He said, “When analysts go on TV and join the populist view to accuse the government of borrowing, you are doing a disservice. The relevant question is never simply how much debt. “It is always debt f…
Nigeria placed on 2027 Frontier Market Watchlist Nigeria's capital market has received a major boost after S&P Dow Jones Indices (S&P DJI) placed the country on its 2027 Country Classification Watchlist for a possible upgrade from a Standalone Market to a Frontier Market.The move comes as Bloomberg also ranked Nigeria'…
By Peter Egwuatu & Yinka Kolawole Nigeria's capital market has received a significant boost after S&P Dow Jones Indices (S&P DJI) placed the country on its 2027 Country Classification Watchlist for potential reclassification from a Standalone Market to a Frontier Market, citing improvements in the country's regulatory…
…also contributing to increased demand for foreign exchange. Uche Uwaleke, professor of Capital Market at Nasarawa State University and president of the Capital Market Academics of Nigeria, agreed that seasonal factors typically increase demand for foreign exchange and can widen the premium between the official and para…
…channel a portion of the industry's over N32 trillion assets into infrastructure and the capital market. She said: "The pension industry infrastructure fund is now in advanced stages for implementation. We already have a framework which has been deliberated upon, and we will go back and review it." According to her, "W…
…and increased access to equity financing following the rally in the Nigerian capital market, which reduced dependence on expensive bank borrowings. The biggest contributor to the decline came from Dangote Sugar Refinery, although it still recorded the highest finance cost in the sector at N28.45bn, down 4.73 per cent f…
…a pilot for a digital shilling. In April 2026, it acquired a majority stake in local capital markets firm AKIBA International to strengthen its infrastructure for real-world asset (RWA) tokenisation, cross-border settlement, and digital currencies. The US-based blockchain infrastructure company said it is developing te…
…and government agencies on commercial disputes, arbitration, corporate governance, capital markets, mergers and acquisitions, as well as infrastructure projects. According to the statement, he has advised on several transportation and infrastructure transactions, including rail, port and airport concession projects, an…
…refund investors As part of the enforcement action, the SEC directed all Registered Capital Market Operators, particularly stockbrokers and digital investment promoters, to immediately cease publishing, reposting or distributing any promotional materials relating to the acquisition or allocation of shares in the refine…
Why stocks are falling Market intelligence gathered by Nairametrics from multiple capital market sources suggests the recent weakness in the equities market may be driven by three separate but related factors. The first is profit-taking following an extraordinary rally that saw the Nigerian stock market gain more than…