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Dangote Refinery’s landmark Initial Public Offering (IPO) is the largest public offering in Africa's history with a target of N2.15 trillion
Technext · ↗ OPay’s US IPO prospectus outlines share sale, up to $200 million Standard Bank investmentOPay is taking an exciting step toward becoming a publicly traded company by filing a preliminary prospectus for…
Nairametrics · ↗ TAP processes N3 billion monthly in Lagos transport fares, Afolabi Olamide revealsLagos’ regulated public transport network, overseen by the Lagos Metropolitan Area Transport Authority (LAMATA), uses electronic fare payment
Nairametrics · ↗ OPay secures approval for NGX secondary listing after NYSE debutOPay has secured board and shareholder approval to pursue a secondary listing on the Nigerian Exchange Limited (NGX) after completing its
Nairametrics · ↗ Nigeria needs $7.1 billion over 10 years to achieve sugar self-sufficiency — NSDCThe National Sugar Development Council (NSDC) has said that Nigeria would require $7.1 billion in investment over the next 10 years to achieve self-sufficiency in sugar production as it seeks long-ter…
Nairametrics · ↗ Nigeria targets over 2 million tonnes of annual sugar production through 13 projectsNigeria is targeting annual sugar production of more than 2 million metric tonnes through 13 existing and proposed sugar projects across the country.
Nairametrics · ↗ Sterling cuts bloated share count by 90%, resets price to N77Sterling Financial Holdings Company Plc has completed its 1-for-10 share reconstruction, pushing its quoted share price to N77 from N7.70 as the company cuts the number of shares outstanding by 90%.
Nairametrics · ↗ OPay discloses $532.9 million short-term investment portfolio ahead of US IPOOPay Limited has disclosed a short-term investment portfolio valued at $532.94 million as of June 30, 2026, with much of the portfolio placed through Nigerian asset management companies ahead of its p…
Nairametrics · ↗ World Bank: Debt interest swallows health, education budgets in 80% of African countriesInterest payments on public debt exceed government spending on health and/or education in nearly four-fifths of sub-Saharan African countries, as high debt-servicing costs continue to constrain public…
Technext · ↗ Bolt calls for dialogue with AUATON ahead of October 12 app shutdown/indefinite strikeAhead of a planned October 12 indefinite strike by the Amalgamated Union of App-based Transporters of Nigeria (AUATON),…
Nairametrics · ↗ Zenith Bank’s foreign subsidiaries post N166 billion pre-tax profit in H1 2026Zenith Bank Plc’s non-Nigerian subsidiaries recorded a combined profit before tax (PBT) of N166.09 billion in the first half of 2026, as its international operations continued to contribute to the gro…
Nairametrics · ↗ Dangote Group projects crude oil production to rise to 1.72 million bpd in Q4 2026Nigeria’s crude oil production is projected to rise to 1.72 million barrels per day (bpd) in the fourth quarter of 2026, with average output expected to reach 1.62 million bpd for the full year, accor…
Nairametrics · ↗ NUPRC identifies 788,000 bpd of shut-in oil production for restorationThe Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has identified more than 788,000 barrels per day (bpd) of shut-in oil production across 63 operators that it is targeting for rest…
Nairametrics · ↗ Foreign investor participation in Nigerian stocks plunges to paltry 4.89% in AugustForeign investors accounted for just 4.89% of equity transactions on the Nigerian Exchange (NGX) in August 2026, the lowest monthly participation share recorded this year, as foreign trading declined…
Nairametrics · ↗ Zenith Bank’s non-banking subsidiaries post N9.11 billion pre-tax profit in H1 2026Zenith Bank Plc’s non-banking subsidiaries, Zenith Pensions Custodian Limited and Zenith Nominees Limited, recorded a combined profit before tax (PBT) of N9.11 billion in the first half of 2026, equiv…
Technext · ↗ Meet 10 entrepreneurs building the tech and businesses behind Africa’s digital music economyAfrican music has travelled far beyond the continent, with Afrobeats, Amapiano and other homegrown sounds reaching audiences through…
Technext · ↗ OPay makes $90.9 million profit in six months as it files for a US IPOOPay, one of Nigeria’s leading fintechs, has revealed strong financial performance as it moves closer to potentially listing…
Nairametrics · ↗ Dangote Refinery IPO: How United Capital is taking Nigeria’s Biggest Investment Opportunity Beyond Its BordersFor most of the last four decades, Nigeria has lived with an uncomfortable contradiction. As Africa’s largest crude oil producer, it shipped barrels out to the world and bought back the petrol, diesel…
Nairametrics · ↗ SEC disowns WayvePay, warns Nigerians against investing through platformThe Securities and Exchange Commission (SEC) has disowned online investment platform WayvePay, warning Nigerians against investing through the company over concerns about suspected fraudulent activiti…
Nairametrics · ↗ Best performing balanced mutual funds in Nigeria as of September 2026Nigeria's balanced mutual fund segment recorded a strong increase in net asset value (NAV), reaching N191.02 billion as of September 2026, up 23.94% from N154.13 billion at the end of August, as the s…
Nairametrics · ↗ Dangote Refinery IPO: United Capital’s InvestNow App still opens for participation till close dateUnited Capital is providing investors with digital access to the ongoing Dangote Petroleum Refinery IPO through its InvestNow platform, as the N2.15 trillion public offer approaches its October 13, 20…
TechCabal · ↗ The Nigerian founders who turned travel frustrations into a fintechFacing a backlog at the American Embassy in Lagos that threatened to run out of time for their interview window, Ayorinde and his team scrambled for help. Investor Kola Aina of Ventures Platform, whic…
Nairametrics · ↗ Long leases slash entry barrier into Lagos real estate by up to 70% — Sanni FaruqIn an exclusive interview with Nairametrics, Sanni Faruq, Lead Consultant at Senior Homes and Properties, a real estate company specialising in long-lease arrangements, discussed changing buyer prefer…
Nairametrics · ↗ SEC DG proposes investment funds to finance university hostelsThe Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, has proposed the establishment of investment funds to finance student hostel construction in Nigerian universi…
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