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#StockMarket

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Money · Video

SEC targets ₦750trn capital market by 2036: what the new plan means for you

A 10-year plan launched in Abuja aims to triple Nigeria's capital market and lift retail investors from six million to 20 million, with a new National Savings Scheme for small savers.

The Securities and Exchange Commission (SEC) has launched a 10-year plan to triple the size of Nigeria's capital market to ₦750 trillion by 2036, together with a National Savings Scheme for people who want to save and invest small amounts. Both were launched at the National Capital Market Conference 2026 at the Presidential Villa, Abuja, on Monday, 19 October 2026.…

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VideoVideo: NairametricsTV on YouTube

Economy · Video

Dangote refinery posts $4.73bn nine-month profit as revenue jumps 144%

Unaudited figures show the Lekki refinery swung from a $117.2m loss to a $4.73bn profit in nine months, as its ₦2.15trn IPO runs to 27 October.

Dangote Petroleum Refinery made a net profit of $4.73 billion in the nine months to 30 September 2026, reversing a loss of $117.2 million in the same period of 2025, according to unaudited results released in Lagos on Tuesday, 13 October 2026, and reported by Arise News, ThisDay and Nairametrics. Revenue rose by 144 per cent to $22.48 billion, from…

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  1. Dangote Petroleum Refinery and Petrochemicals extended its IPO closing date from Tuesday, 13 October to Tuesday, 27 October 2026, after SEC approval.
  2. The offer is 4.1 billion shares at N525 each, with a minimum of 10 shares (N5,250), and is expected to raise about $1.6 billion.
  3. Returns are due to be collated on 3 November 2026, and the SEC's no-objection to the allotment is expected on 17 November 2026.
Gist Reel

Economy · 5 min read

Dangote refinery extends N2.15trn IPO to 27 October for more African investors

Dangote's refinery has moved the close of its N525-a-share offer from 13 to 27 October after SEC approval, giving investors two more weeks to apply.

Updated 21:23 WAT, 14 Oct 2026: The refinery has released unaudited results showing a net profit of $4.73 billion for the first nine months of 2026, which are now included below. Dangote Petroleum Refinery and Petrochemicals has extended its initial public offering (IPO) by two weeks, moving the closing date from Tuesday, 13 October 2026 to Tuesday, 27 October 2026,…

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  1. OPay filed a Form F-1 with the US Securities and Exchange Commission on Friday, 9 October 2026, to list on the New York Stock Exchange under the ticker OPAY.
  2. The filing shows revenue of $536.3 million and net profit of $72.5 million in 2025, with Nigeria providing 88.1% of revenue.
  3. OPay's board and shareholders have approved a secondary listing on the Nigerian Exchange after the New York listing, subject to market conditions.
Gist Reel

Money · 4 min read

OPay files for New York listing: what it means for you

OPay has filed to list its shares on the New York Stock Exchange and plans a later listing in Lagos. Here is what the filing reveals and what it means for its 50 million users.

Mobile money company OPay has filed to list its shares on the New York Stock Exchange under the ticker "OPAY". It submitted a registration statement on Form F-1 to the US Securities and Exchange Commission (SEC) on Friday, 9 October 2026, according to the filing and reports by Peoples Gazette and Nairametrics. Millions of Nigerians use OPay for transfers, payments…

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