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News
Why cheap land won’t make Lagos, Abuja homes affordable—Developer
20+ hour, 3+ min ago (424+ words) Cheap land on the outskirts of Lagos and Abuja will not necessarily translate to affordable homes because developers still have to absorb infrastructure, construction and financing costs, according to Michael Onyeachor, co-founder of Besitz Group Limited. Onyeachor said this during…...
Meet the 10 youngest presidential candidates for Nigeria's 2027 elections
14+ hour, 31+ min ago (1595+ words) Nigeria’s 2027 presidential race will feature a mix of experienced politicians, former office holders, activists and a smaller but notable group of younger contenders seeking to break into the country’s highest political office. The Independent National Electoral Commission (INEC), in its…...
Tinubu turns to BRICS for AI, digital infrastructure and critical minerals investment
22+ hour, 35+ min ago (314+ words) Tinubu made the call in his speech at the 18th BRICS Summit in New Delhi, India, on September 13, 2026, delivered by Vice President Kashim Shettima. Tinubu said Nigeria views its engagement with BRICS as an opportunity to attract investment, facilitate technology transfer…...
Top 10 longest-serving CEOs on the NGX 30
22+ hour, 52+ min ago (1380+ words) Nigeria’s largest listed companies are led by executives who have spent varying lengths of time at the helm, with some CEOs and managing directors staying in their positions for more than a decade and, in one case, about 25 years. The…...
Dangote Refinery IPO: A New Chapter for Nigeria’s Capital Market
22+ hour, 52+ min ago (318+ words) Nigeria’s capital market is about to witness one of the most significant transactions in its history. The planned Initial Public Offering (“IPO”) of Dangote Petroleum Refinery and Petrochemicals FZE (“DPRP” or “Dangote Refinery”) brings to the Nigerian Exchange an enterprise…...
Open banking could turn your business cash flow into collateral
22+ hour, 54+ min ago (728+ words) For millions of Nigerian businesses, the problem may not be that they have nothing to prove their creditworthiness. It may be that lenders have historically been looking for the wrong proof. Back in December 2025, the World Bank said barely one…...
August inflation rate seen rising above July’s 15.43% - Analysts predict
23+ hour, 49+ min ago (727+ words) Nigeria’s headline inflation rate is expected to remain elevated in August despite recording two consecutive months of disinflation, with analysts projecting the rate between 15.3% and 15.94%. The analysts’ forecasts put August headline inflation between 15.3% and 15.94%, compared with 15.43% recorded in July. While…...
Dangote Refinery IPO faces valuation test as N2.15 trillion offer opens
1+ day, 2+ hour ago (734+ words) Financial market analysts have expressed differing views on the valuation of the Dangote Petroleum Refinery Initial Public Offering (IPO), while largely agreeing that the transaction is set to deepen Nigeria’s capital market and attract a new generation of investors. The…...
Why lower vehicle tariffs may not bring imports back to Lagos—Importers
1+ day, 4+ hour ago (562+ words) Nigeria’s decision to cut tariffs and import levies on vehicles may not be enough to return a significant share of vehicle imports to Lagos ports, as industry operators say high clearance costs, port bottlenecks and lengthy processing times remain major…...
Nigeria’s largest listed companies owe N6.25 trillion as bank loans dominate borrowing
2+ day, 1+ hour ago (944+ words) Nigeria’s largest listed companies continue to rely heavily on bank loans and other direct borrowings despite the rapid growth of commercial papers and other debt securities as alternative sources of corporate funding. A Nairametrics review of 19 of the largest companies…...