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WEATHER & METEO
LAGOS: 29°C | HUMID
ABUJA: 31°C | SUNNY
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The Daily Brief NigeriaFacts. Briefs. Clarity. • NIGERIA'S NEWSPAPER OF RECORD
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DAILY DIGEST
VOL. CXLIV NO. 52,910
SPECIAL PRINT EDITION
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NIPCO bets $3bn on floating LNG to unlock Nigeria’s gas
Official updates highlight key developments regarding nIPCO bets $3bn on floating LNG to unlock Nigeria’s gas. Industry analysts and regulatory authorities are actively monitoring the situation to determine long-term socio-economic implications.
GTCO Profit Falls 7.8% to N414.19bn as Tax Charge Jumps 24%
Guaranty Trust Holding Company (GTCO) Plc recorded a 7.8 percent decline in profit after tax to N414.19 billion in the first half of 2026 as a sharp increase in income-tax expenses offset growth in interest earnings and a significant reduction in loan impairment charges. The financial services group reported profit after tax of N414.19 billion […].
Abuja developer bets on property ownership as wealth creation engine
Official updates highlight key developments regarding abuja developer bets on property ownership as wealth creation engine. Industry analysts and regulatory authorities are actively monitoring the situation to determine long-term socio-economic implications.
Dangote says Kenya court ruling will not halt Lamu refinery groundbreaking
Dangote Group said a Kenyan court ruling over a land rights dispute will not halt the groundbreaking ceremony for its planned 700,000-barrel-per-day (bpd) oil refinery in Lamu, although some activities at the site could be affected. The development highlights ongoing operational shifts across the sector as key stakeholders assess future outcomes.
UPL Leads NGX Gainers With 9.9% Rise to N5
University Press Plc (UPL) emerged as the best-performing equity on the Nigerian Exchange (NGX) on Monday after its share price gained 9.89 percent to close at N5. The publishing company’s stock advanced by N0.45 from its previous closing price of N4.55, placing it ahead of other major gainers during Monday’s trading session.
Dangote IPO expands across Africa as Zimbabwe investors gain access
Official updates highlight key developments regarding dangote IPO expands across Africa as Zimbabwe investors gain access. Industry analysts and regulatory authorities are actively monitoring the situation to determine long-term socio-economic implications.
ABC Transport Extends Rally With 9.8% Gain to N5.60
ABC Transport Plc extended its rally on the Nigerian Exchange (NGX) on Monday gaining 9.80 percent to N5.60 after recording another strong advance in the previous trading session. The transport company’s share price increased by N0.50 from Friday’s closing price of N5.10, making it the third-highest percentage gainer during Monday’s trading session.
RT Briscoe Rally Stalls as Stock Falls 6% to N10.05
RT Briscoe Nigeria Plc’s recent rally stalled on Monday as the stock declined 6.07 percent to N10.05 after recording strong gains in the previous two trading sessions. The company’s share price fell by N0.65 from N10.70 recorded on Friday, placing RT Briscoe among the five biggest decliners on the Nigerian Exchange (NGX) during Monday’s session.
NGX Weekly Sector Watch: Consumer goods gain 3% YtD but now more expensive
A share trading well below its highest price of the year can look like a bargain. That is the picture across Nigerian consumer goods stocks: the 19 companies reviewed traded, on average, about 22% below their individual 52-week highs. The Index had gained just 2.99% year to date, making it the second-worst performer among the […].
Fortis Global Insurance Leads NGX Losers With 9.5% Decline to N1.81
Fortis Global Insurance Plc led the losers on the Nigerian Exchange (NGX) on Monday after its share price declined 9.50 percent to close at N1.81. The insurance company’s stock fell by N0.19 from its previous closing price of N2, making it the biggest percentage decliner during Monday’s trading session.
Makinde tackles Tinubu over new Army divisions funding in 2026 budget
Official updates highlight key developments regarding makinde tackles Tinubu over new Army divisions funding in 2026 budget. Industry analysts and regulatory authorities are actively monitoring the situation to determine long-term socio-economic implications.
Infantino proposes additional FIFA funding for 211 member associations
Official updates highlight key developments regarding infantino proposes additional FIFA funding for 211 member associations. Industry analysts and regulatory authorities are actively monitoring the situation to determine long-term socio-economic implications.
Bank of Ghana Governor appoints Matilda Asante-Asiedu to GoldBod Board
Bank of Ghana Governor Dr Johnson Pandit Asiama has appointed Second Deputy Governor Matilda Asante-Asiedu to represent him on the Board of the Ghana Gold Board (GoldBod). The development highlights ongoing operational shifts across the sector as key stakeholders assess future outcomes.
CMFC Extends Winning Streak, Rises Another 9.8% to N3.58
Critical Minerals Financing Corporation (CMFC) extended its winning streak on the Nigerian Exchange (NGX) on Monday gaining another 9.82 percent to close at N3.58 per share. The stock advanced by N0.32 from its previous closing price of N3.26, placing it among the strongest-performing equities during Monday’s trading session. The latest increase extended CMFC’s rally to […].
More than half of African economies see inflation drop in August, but oil above $100 threatens gains
Official updates highlight key developments regarding more than half of African economies see inflation drop in August, but oil above $100 threatens gains. Industry analysts and regulatory authorities are actively monitoring the situation to determine long-term socio-economic implications.
GTCO’s HabariPay, pension and fund managers post N15.94 billion pre-tax profit in H1 2026
Guaranty Trust Holding Company Plc (GTCO) generated a combined profit before tax of N15.94 billion from its three non-banking subsidiaries in the first half of 2026, underscoring the growing contribution of its fintech, asset management and pension businesses to Group earnings. The development highlights ongoing operational shifts across the sector as key stakeholders assess future outcomes.