Luxury hotel development across Africa is expanding with numerous projects under construction and in the planning pipeline as global hospitality groups increase their footprint in key business and tourism markets.
The minister of Finance and Coordinating minister of the Economy held discussions with the governor of the Central Bank of Nigeria to enhance collaboration between fiscal and monetary authorities, a development that holds broader implications for macroeconomic stability and market conditions.
Over seventy percent of insurance companies in Nigeria have completed the independent verification exercise required for the ongoing industry recapitalisation programme. Operators are working to meet the July deadline set by the National Insurance Commission.
BUA Foods has a sell, a reduce, and four buy calls, all in the same week.
Apel rates BUAFOODS a SELL, and ARM Research calls it a REDUCE, while Afrinvest, Bancorp, Lead Capital and Meristem all rate it BUY. Four analysts see upside, two see the opposite.
Every broker except one rates MTN Nigeria a buy, again.
MTNN picked up BUY calls from eleven of the twelve covering brokers this week: Afrinvest, Apel, ARM Research, Bancorp, BlueMarina, CardinalStone, Futureview, Investment One, Lead Capital and Meristem, with only PAC Research
Stock Recommendation for the Week of July 27, 2026
Nigeria’s equity market enters the final week of July 2026 with investors weighing stronger corporate activity against increasingly demanding valuations. Capital Market Operators have moderated several recommendations following https://t.co/HlKSEGONnc
@BusinessDayNg I still believe more investors will take out their share from those energy companies and prepare for the biggest listing in the NGX from the Dangote.
The Housing Development Advocacy Network is advocating for the creation of an independent National Real Estate Regulatory Commission to sanitize the real estate sector, protect homebuyers, and enhance investor confidence across the country.
An IPO(Initial public offering) is when a private company lists it's shares on a stock exchange (such as the Nigerian. Exchange) so the pubcan buy and sell them.
Before an IPO, the company is privately owned by founders and existing investors.