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Dangote Refinery is set to appoint Stanbic IBTC Capital, First Capital, and Vetiva Capital Management as advisers ahead of its listing on the Nigerian Exchange Limited (NGX). The listing aims to attract domestic and international investors.
The Nigerian stock market experienced a significant downturn, with investors losing N475 billion in value over the week. This marks the fourth consecutive day of declines, primarily driven by profit-taking in major stocks.
In 2025, the total worth of equities, debt instruments, and Exchange Traded Funds (ETFs) listed on the Nigerian Exchange Limited (NGX) surged to N149.7 trillion, marking a significant rise attributed to enhanced investor trust and economic stability.
