The CEOs of Renaissance and Waltersmith are scheduled to debate in Lagos how Africa’s gas future will be financed. The discussion concerns funding for the oil and gas sector, though the available report does not identify any NGX-listed company or specific corporate announcement.
International and pan-African banks are increasing their focus on Nigeria’s corporate and investment banking market as some foreign banks exit Africa. J.P. Morgan is planning a further move into the Nigerian market, according to the report.
Enugu Governor Peter Mbah is backing the $220 million SHINE initiative, described as a power lifeline for residents. The report concerns power infrastructure and service delivery in the state, with relevance to Nigeria's utilities sector.
FROM ₦9.65 to ₦2.15: THE COST OF IGNORING FUNDAMENTALS ON THE NGX
By Asalu Adegboyega Yinka
International Energy Insurance Plc opened January 2026 at ₦2.75 per share. By mid-year, the stock had staged a spectacular rally, reaching an all-time high of ₦9.65, despite growing https://t.co/YGTqQvwQKR
The Manufacturers Association of Nigeria’s Imo/Abia and Rivers/Bayelsa chapters decried the high cost of energy and urged the Abia State Government to establish industrial clusters. The issue is relevant to listed manufacturers facing energy costs.
Trading on the Nigerian Exchange recorded N158.29 billion in turnover during the first full trading week of October, with market activity rising in value. The report also notes the start of the Q3 earnings season.
OPay has secured board and shareholder approval to pursue a secondary listing in Nigeria. The development echoes NGX Group’s call for major homegrown companies to list locally and could expand the range of companies represented on the Nigerian Exchange.
President Bola Tinubu urged state governments to direct increased revenues toward projects that improve living conditions. The report links the revenue gains to infrastructure development and cites World Bank-reported economic gains.
Ecobank plans to join China’s Cross-Border Interbank Payment System for yuan transactions. The move is intended to support settlement as the lender seeks to expand trade between China and Africa.
OPay has secured board and shareholder approval to pursue a secondary listing on Nigerian Exchange Limited after completing its planned primary listing on the New York Stock Exchange. The plan aligns with NGX Group’s advocacy for major Nigerian businesses to list locally.
OPay’s reported plans for a US initial public offering and a potential Nigerian Exchange listing have renewed attention on domestic investor access to the fintech company. The development is discussed in the context of NGX Group’s push to broaden ownership among Nigerian investors.
Access Holdings Plc announced that Executive Director of Information Technology and Digitalisation Olanrewaju Bamisebi will retire effective September 30, 2026, following the expiration of his term contract. The company notified the Nigerian Exchange and the investing public through a regulatory filing.
Access Holdings, Zenith Bank and United Bank for Africa led trading on the Nigerian Exchange during the week, exchanging 1.02 billion shares valued at N50.52 billion.
The NGX recorded total transactions of 2.715 billion shares worth N158.28 billion, with transaction value rising https://t.co/4CZP3ByBeN
Temi Popoola, Group Managing Director and Chief Executive Officer of Nigerian Exchange Group Plc (NGX Group), has highlighted the growing scale of capital formation in Nigeria and across Africa. https://t.co/3wUSHLwpQo