🍞 Made in Aba

How Nigeria's most industrial city figured out 24-hour power supply

Deutsche Bank thinks the naira has further to run

The bank has added Nigeria to its frontier currency watchlist and calls the naira undervalued.

FMBN's housing loans grew five-fold in two years

₦208 billion approved and 6,911 homes financed in 2025, plus a new mortgage for Nigerians abroad.

Oyedele wants NNPC and NLNG on the stock exchange

The finance minister says listing the state's "choice assets" would bring transparency and let Nigerians share the wealth.

🍞 The Social Game

What Lagos Life and Danfo Run tell us about the future of gaming in Nigeria

Dangote's refinery made $2.9 billion in three months

A $4.73 billion nine-month profit lands in the middle of the IPO, now open until 27 October.

Daily Bread Deep Dive: i-fitness

🍞 Sweat Equity

How i-Fitness turned one small gym in Lekki into a private equity relay race

Five down days, and the NGX is still near its record

The Nigerian Exchange All-Share Index fell 0.16% to 250,273.50 on 6 October, its fifth losing session in a row. Market value dropped by ₦256 billion to ₦162.5 trillion.

Kenyans can now buy into Dangote's refinery

After three years in index exile, Nigeria re-enters the FTSE Frontier Index Series on 21 September. Here is every name on the list, what it means for capital flows, and which stocks stand out in each tier.

Elumelu is up almost $1bn in less than a year

In less than a year, Heirs Energies has turned 21.07% into a billion-dollar profit.

Daily Bread Deep Dive: Chicken Republic

🍞 The Chicken Problem

How Chicken Republic built Nigeria's biggest fast-food chain on its most expensive ingredient

🍞 The House Always Wins

Nigeria's stock market just had its biggest week in years. The company collecting on all of it is the exchange itself.

Daily Bread Deep Dive: NGX Group

CBN cuts rates to 23%, but the real move is smaller than it looks

What the CBN rate cuts mean for the stock market

Moniepoint's IPO POS

Moniepoint has turned its POS terminals into a share-subscription channel for the Dangote Refinery IPO.

🍞 The Repricing of a Nation

What the Dangote Refinery Does to Nigeria's Economy

Petrol hits ₦1,450 as Brent crude climbs past $107

Pump prices jump 7–11% in a week as Dangote Refinery raises wholesale rates and Middle East supply disruptions push crude near four-month highs.

Nigeria's petrol import bill surges almost 1,000% despite Dangote refinery ramp-up

Imports jumped elevenfold to ₦952 billion in Q2 2026, reversing a dramatic Q1 decline as domestic supply tensions persist.

Nigeria oil output edges up 0.4% in August

Amidst the Dangote Refinery IPO, Nigeria has its fourth consecutive month of meeting OPEC quota

🍞 The Biggest IPO in African History: Part 2 - The Dangote Refinery

Unpacking the refinery's business and analysing the more important question for investors: do its financials justify the price?

🍞 The Biggest IPO in African History: Part 1 - The Cement Factory

What Nigeria Is Really Buying in the Dangote Refinery

Send your OPay

The story of Nigeria's largest fintech

🍞 OPay, from the brink of failure, to Nigeria's largest fintech

How OPay went from a casualty of government policy to Nigeria's largest fintech.