Dangote Refinery, Nigeria’s crown jewel in the energy sector, is revving up for a groundbreaking move. A dual listing on both the London and Lagos stock exchanges. This ambitious decision, as a senior executive reveals, underscores the grand vision of Africa’s wealthiest individual, Aliko Dangote, who spearheaded the refinery’s creation. In a recent interview, Dangote hinted at […]
The UK Government is rolling up its sleeves to turbocharge Nigeria’s capital market with its dynamic MOBILIST programme. This initiative isn’t just talk; it’s about action and innovation, aiming to transform Nigeria’s market into a powerhouse for economic growth and clean energy solutions. At the heart of MOBILIST is the drive to create cutting-edge financial products that[…]
The Nigerian stock market is experiencing a downturn characterized by a shortage of positive news, volatile FX market, rising inflation rates, and anticipation of another rate hike at the next Monetary Policy Committee (MPC) meeting. Investors are adopting a cautious approach amid expectations of further bearish trends following the fizzling out of first-quarter results momentum. The market[…]