An Agusto Rating Is Not About Returns. Nigerian Fund Managers Chase One Anyway.
A Lagos agency grades investment managers on how they are run, not on what they earn. For firms competing for...
September 14, 2026Topic
naira
The Dangote Refinery IPO Opens Today, Africa’s Largest Share Sale, for 3.3% of the Company
Aliko Dangote is selling a sliver of the refinery that ended Nigeria's dependence on imported petrol. The sliver alone is...
September 14, 2026
Dangote Lifts Nigerian Petrol to About US$1.02 a Litre
Dangote raised its petrol gantry price to N1,350 a litre from 12 September, a cumulative N185 rise across four increases...
September 14, 2026
Nigerian Consumer Goods Firms Earn Fewer Dollars Than Before the 2023 Reforms
Nigerian consumer goods firms earned 22 percent less dollar revenue in 2025 than in 2022, even as naira revenue rose...
September 11, 2026
Why NGX Postponed Its New Shares Pricing Methodology Launch
NGX postponed its tiered shares pricing methodology launch after regulators demanded broader consultation, delaying rules set for August 17, 2026.
September 10, 2026
Nigeria’s Petrol Import Bill Rose Almost Tenfold in a Single Quarter
Nigeria petrol imports rose 989.4% to N952.15bn in the second quarter of 2026, even as the country's trade surplus widened...
September 8, 2026
The Naira Hits a Two-Year High and Reserves Reach an 18-Year Peak
The naira two-year high of N1,315.67 came as external reserves reached US$53.99bn, an 18-year peak, with record July remittance inflows...
September 4, 2026
Nigeria’s Economy Grew 4.43% in the Second Quarter
Nigeria GDP growth hit 4.43% year on year in the second quarter of 2026, the strongest quarterly reading since the...
September 2, 2026
Nigeria’s Central Bank Cut a Rate Its Market Was Pushing Higher
Nigeria treasury bills cleared at 17.15 percent for one year, a 44 basis point cut, after bids of N3.63 trillion...
August 29, 2026