Iheanyi Nwachukwu

Lagos

Assistant Editor at BusinessDay Nigeria

Finance

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Articles

Dangote to list Fertiliser business on NGX

1 day ago | businessday.ng | Iheanyi Nwachukwu

Aliko Dangote, President/ Chief Executive of the Dangote Group has reaffirmed that the Group will soon list the Dangote Fertiliser Limited on the Nigerian Exchange (NGX), with the aim of revolutionising the capital market. He assured shareholders that those investing in Dangote Fertiliser Limited would not need to worry about the value of the local currency, as the company operates within a dollarised business framework.
Stock market dips by 0.39% as investors take profit after recent rally

1 day ago | businessday.ng | Iheanyi Nwachukwu

Investors who took profit majorly in consumer goods and oil & gas stocks fuel market dip by 0.39 percent despite mild bargains in industrial and insurance stocks. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation decreased from preceding day’s highs of 121,257.69 points and N76.761trillion respectively to 120,772.68 points and N76.453 trillion. Stocks like NAHCO, Oando and Champion Breweries and other major laggards contributed in dipping the market.
We’re removing impediments to sugar production, NSDC boss assures minister, operators

1 day ago | businessday.ng | Iheanyi Nwachukwu

Kamar Bakrin, Executive Secretary/CEO, National Sugar Development Council (NSDC) has briefed critical stakeholders on the progress made by the council in addressing impediments to improved local sugar production in the country.
Oando: Q1 performance signposts strong start to 2025

2 days ago | businessday.ng | Iheanyi Nwachukwu

Oando Plc has released its unaudited results for the three months (Q1) ended March 31, 2025. Ahead of the Q1’25 scorecard, the company’s shares have seen remarkable rally on investors renewed interest. The N68.75 which the stock closed on Wednesday shows it has risen this year by 4.17 percent.
Oando, Dangote Sugar, CWG stocks push market higher by 1.22%

2 days ago | businessday.ng | Iheanyi Nwachukwu

….Index crosses 120,000 pointsInvestors’ interest in stocks like Oando, Dangote Sugar Refinery, CWG and other major gainers helped to push Nigeria’s equities market higher by 1.22 percent at the close of trading on Wednesday. The benchmark performance indicator – the All Share Index (ASI) – crossed the 120,000 points mark as the market rally continues. Read also: Bank stocks dip after CBN’s directive on dividends, bonusesThe year-to-date (YtD) return stood higher as well, reaching 17.81 percent.
SEC canvasses advanced financial inclusion by 2030

2 days ago | businessday.ng | Iheanyi Nwachukwu

The Securities and Exchange Commission (SEC) has noted the need for Nigeria to harness its demographic dividend to advance financial inclusion through investments by 2030 for national survival or face deepening inequality. Emomotimi Agama, Director General, SEC, said this at the United Capital Asset Management Investment forum held Wednesday in Lagos.
FMDQ Exchange says secondary market turnover up 34.63% to N61.53trn

2 days ago | businessday.ng | Iheanyi Nwachukwu

Secondary market turnover on FMDQ Exchange rose to N61.53trillion in May, according to its recently released report. That record level of turnover represents a month-on-month (MoM) increase of 34.63 percent (N15.83trillion) and a year-on-year (YoY) increase of 47.59 percent (N19.84trillion) from the turnover recorded in April 2025 and May 2024, respectively. Total turnover for the Spot and Derivatives Market was N58.68trillion and N2.85trillion, respectively, in May 2025.
SEC’s tenure limit triggers succession fears among CEOs, directors

3 days ago | businessday.ng | Iheanyi Nwachukwu

Many chief executive officers (CEOs), directors of public companies and capital market operators (CMOs) are worried by the Securities and Exchange Commission (SEC)’s new directives on independent non-executive directors (INED) and directors of boards.
SEC’s tenure limit triggers succession fears among CEOs, directors

3 days ago | businessday.ng | Iheanyi Nwachukwu

Home > News > SEC’s tenure limit triggers succession fears among CEOs, directors Share Many chief executive officers (CEOs), directors of public companies and capital market operators (CMOs) are worried by the Securities and Exchange Commission (SEC)’s new directives on independent non-executive directors (INED) and directors of boards.
Foreign investors’ equity deals double on FX stability

3 days ago | businessday.ng | Iheanyi Nwachukwu

Foreign portfolio investors (FPIs) in the Nigerian equities market traded N996.03 billion worth of stocks in five months to May 2025 as against N458.29 billion seen in the corresponding period of 2024. This means that their deals doubled in 2025 as they leveraged forex and general economic stability. The record value of equities transaction by foreign investors in five months this year represents 29.17 percent of the total value of stocks traded on the Nigerian Exchange Limited (NGX).