Skip to content
  • Home
  • Programmes
  • Channel
  • Blog
  • Home
  • Programmes
  • Channel
  • Blog

Dangote Refinery IPO Opens at ₦525 Per Share

The Dangote Petroleum Refinery initial public offering (IPO) officially opens at ₦525 per share. On this edition of Business Morning Live, we break down the key terms of the offer, ...how investors can participate on the Nigerian Exchange (NGX), and what this landmark listing means for Nigeria’s capital markets and economy.

Key Topics Covered:
• Dangote Refinery IPO share pricing and offer structure
• How retail and institutional investors can apply
• Market analysis, valuation, and potential investor returns
• Broader economic implications and industrial outlook

Subscribe to BusinessDay TV for daily market updates, in-depth corporate analysis, and live coverage of business news across Nigeria and Africa.

#DangoteRefinery #DangoteIPO #NGX #NigerianEconomy #BusinessDayTV #InvestingInNigeria #StockMarket
Show More
Dangote Refinery IPO Opens at ₦525 Per Share
Now Playing
Dangote Refinery IPO Opens at ₦525 Per Share
The Dangote Petroleum Refinery initial public offering (IPO) ...
The Dangote Petroleum Refinery initial public offering (IPO) officially opens at ₦525 per share. On this edition of Business Morning Live, we break down the key terms of the offer, ...how investors can participate on the Nigerian Exchange (NGX), and what this landmark listing means for Nigeria’s capital markets and economy.

Key Topics Covered:
• Dangote Refinery IPO share pricing and offer structure
• How retail and institutional investors can apply
• Market analysis, valuation, and potential investor returns
• Broader economic implications and industrial outlook

Subscribe to BusinessDay TV for daily market updates, in-depth corporate analysis, and live coverage of business news across Nigeria and Africa.

#DangoteRefinery #DangoteIPO #NGX #NigerianEconomy #BusinessDayTV #InvestingInNigeria #StockMarket
Show More
Expectations As Moody Revises Nigeria’s Credit Outlook To Positive
Now Playing
Expectations As Moody Revises Nigeria’s Credit Outlook To Positive
the major macroeconomic updates moving Nigeria, Africa, and the global ...
the major macroeconomic updates moving Nigeria, Africa, and the global economy. We analyze the real implications of rising foreign reserves hitting an 18-year high of $53 billion, how the stock ...market is reacting to shifting sovereign risk ratings, and what sustainable GDP growth requires moving forward.

Beyond macroeconomic ratings, we unpack Meta’s upcoming charges for WhatsApp Business starting October 1st and how Nigerian SMEs, vendors, and startups must innovate around these rising operational costs. Finally, we put the government's fresh CNG transition targets under the microscope, weighing infrastructure deficits, conversion kit availability, safety concerns, and the pace of adoption three years after the initial petrol subsidy removal.

CHAPTERS:
00:00 – Introduction & Global News Headlines
01:59 – Moody's Revises Nigeria’s Credit Outlook to Positive
06:59 – Stock Market Reactions & Investor Sentiment
17:49 – Meta's WhatsApp Business Fees: Impact on Nigerian SMEs
25:16 – CNG Transition Reality: Targets, Infrastructure & Safety

#Nigeria #Economy #MoodysRating #Business
Show More
Naira Rain From FAAC Yet No Infrastructure
Now Playing
Naira Rain From FAAC Yet No Infrastructure
Nigeria is experiencing record cash inflows from FAAC allocations, yet ...
Nigeria is experiencing record cash inflows from FAAC allocations, yet citizens continue to face rising poverty, deteriorating public infrastructure, and questionable government spending.

We analyze why states flush with billions in ...
revenue are prioritizing bloated political appointments over critical capital projects [01:07]. The discussion highlights pressing fiscal challenges, including the creation of thousands of special advisers in states like Edo, skyrocketing state inflation, and systemic gaps in institutional accountability [00:55]. Furthermore, the conversation explores recent discoveries of fake government agencies, public sector wage burdens, and what citizens and regulatory bodies must do to demand sustainable development [05:50].

CHAPTERS
00:00 – Introduction & Economic Overview [00:00]

01:14 – FAAC Allocations vs. State Infrastructure Priorities [01:14]

05:50 – Holding Governors Accountable: Citizens vs. Anti-Graft Institutions [05:50]

09:59 – Fake Government Agencies & Bloated Public Expenditure [09:59]

14:30 – National Assembly Traffic and Long-Term Solutions [14:30]


#FAACAllocation #Nigeria #Economy #Naira
Show More
Probing Campaign Promises Ahead Of 2027 Elections in Nigeria
Now Playing
Probing Campaign Promises Ahead Of 2027 Elections in Nigeria
West Africa's most authoritative business daily, a diversified ...
West Africa's most authoritative business daily, a diversified provider of superior business, financial and management intelligence across all platforms

#news #elections #nigeria #tinubu #peterobi #inecnigeria #politics #apc #pdp #ndc
Geregu Defaults On Bond Payments
Now Playing
Geregu Defaults On Bond Payments
The drama surrounding Geregu Power PLC has taken a turn for the worse. ...
The drama surrounding Geregu Power PLC has taken a turn for the worse. Following the company's failure to meet its bond coupon payment obligations, market confidence is at an all-time ...low. In this video, we dissect the timeline of events—from the 2022 bond issuance intended for asset acquisition to the current disappearance of funds that were supposed to be held in an escrow account.

BusinessDay Editor, Lolade Akinmurele, Wasiu Alli (Companies and Markets, BusinessDay) and Oladehinde Oladipo (Energy Editor, BusinessDay) discuss the conflicting reports between the former management and the new ownership, the potential failure of due diligence, and the critical role of trustees in safeguarding investor funds. As ratings agencies begin to withdraw their support, we ask the hard questions: Where is the money? Why did the alarms not ring sooner? And can the Nigerian bond market recover from this unprecedented breach of trust?

CHAPTERS:
00:00 – Introduction: The Elephant in the Room
00:18 – The Geregu Power PLC Bond Crisis Explained
01:17 – Why This Matters for the Nigerian Bond Market
02:11 – Timeline: From Bond Issuance to Default
03:38 – Due Diligence Failures & The Missing Escrow Funds
04:36 – Custodians and Trustees: Who is Accountable?
05:38 – Investor Fallout and Regulator Intervention
06:57 – Conclusion and What to Expect Next

#GereguPower #BondDefault #Nigeria #Economy #News #Energy
Show More
Adeleke Re-elected as Governor of Osun State
Now Playing
Adeleke Re-elected as Governor of Osun State
Governor Adeleke has been re-elected in Osun State, but what do these ...
Governor Adeleke has been re-elected in Osun State, but what do these off-cycle election results signal for Nigeria's broader political and economic landscape?

BusinessDay Editor, Lolade Akinmurele, Wasiu Alli (Companies and ...
Markets, BusinessDay) and Oladehinde Oladipo (Energy Editor, BusinessDay) analyze the factors behind Governor Adeleke's victory, the competitive nature of the race, and what this means for opposition parties like the APC ahead of the 2027 presidential elections. They delve into the critical role of voter turnout, the impact of vote-buying allegations, and why the Southwest political terrain is becoming increasingly fragmented.

Beyond the politics, we examine the state of Nigeria’s economy. With inflation numbers expected to taper for the third consecutive month, we discuss the Central Bank of Nigeria's (CBN) proactive decision to reopen the OMO market to retail investors. We explore the tension between election spending, fiscal policy, and the urgent need to ease the cost of living for the average Nigerian household.

CHAPTERS:
00:00 – Introduction & Headlines
01:29 – Analysis of the Osun State Election
04:14 – What to expect from Adeleke's second term
07:05 – Predicting 2027: Southwest political permutations
12:19 – Inflation numbers & economic outlook
14:33 – CBN’s OMO market move explained
17:02 – Bridging the gap between macro gains & micro reality

#OsunElection #Nigeria #Politics #Economy #Adeleke #Davido
Show More
NNPC's Planned Listing On NGX
Now Playing
NNPC's Planned Listing On NGX
Is the NNPC finally coming to the Nigerian Exchange? We break down the ...
Is the NNPC finally coming to the Nigerian Exchange? We break down the truth behind the long-awaited NNPC IPO and what it means for your investment portfolio.

The conversation surrounding the ...
listing of the Nigerian National Petroleum Company (NNPC) on the NGX has resurfaced with renewed presidential backing. BusinessDay Editor, Lolade Akinmurele, Bunmi Bailey (Assistant Editor, BusinessDay) and Oladehinde Oladipo (Energy Editor, BusinessDay) analyze the historical context of this policy, dating back to 2016, and why the current administration is pushing for this landmark move. They explore the massive implications for Nigeria’s economic growth, transparency, and the potential for the energy sector to contribute significantly more to the GDP.

We also examine the competitive landscape, specifically looking at the potential impact of other major listings like the Dangote Refinery. Our discussion covers the balance between market liquidity, investor appetite, and the crucial role of corporate governance in making such an IPO attractive to both local and institutional investors. Join us as we evaluate whether this move is the "sweating of assets" Nigeria needs to fix its budget deficit and stabilize the economy.

CHAPTERS:
00:00 – Introduction
00:15 – NNPC Listing Plans: History & Current Status
02:26 – Why this is different: Presidential backing
03:00 – Economic Implications: GDP & Asset Transparency
06:26 – Market Competition: NNPC IPO vs. Dangote Refinery
08:29 – Investor Sentiment & Corporate Leadership
10:24 – The Potential of a Roadshow
11:22 – Review of African Economies & Inflation Trends

#NNPC #NGX #Nigeria #Economy #News
Show More
Fresh Investor Concerns Mount As Geregu Power Misses N40bn Bond Payment
Now Playing
Fresh Investor Concerns Mount As Geregu Power Misses N40bn Bond Payment
The Nigerian stock market is in shock after news emerged that Geregu ...
The Nigerian stock market is in shock after news emerged that Geregu Power, one of the country's leading energy firms, defaulted on a N40 billion bond payment. Despite having a ...reported cash balance exceeding N50 billion, this rare corporate default has raised massive questions about financial transparency, market stability, and the long-term viability of Nigeria’s power sector.

BusinessDay Editor, Lolade Akinmurele, Bunmi Bailey (Assistant Editor, BusinessDay) and Oladehinde Oladipo (Energy Editor, BusinessDay) break down why a company with seemingly robust books would miss a major payment. They examine the potential fallout for shareholders, the implications for the Federal Government’s plan to approach the bond markets to settle legacy debts, and what this means for investor confidence in the Nigerian Electricity Supply Industry (NESI). From the role of FMDQ to the lingering issues of gas pricing and infrastructure, we look at why the "trillion-dollar economy" dream may be hampered by deep-rooted systemic failures.

CHAPTERS:
00:00 – Introduction: The Geregu Power Shock
01:30 – How a profitable company defaults on a N40bn bond
03:00 – Implications for the Nigerian Stock Market
06:45 – Challenges facing Nigeria’s power sector
09:10 – Is the power sector in a depression?
12:00 – Why industrial consumers are leaving the grid
15:00 – The path forward: Reliability and accountability

#News #GereguPower #Nigeria #Economy #PowerSector
Show More
Reactions, Expectations As Nigerians Await FG Publication Of FX Subsidy Spending
Now Playing
Reactions, Expectations As Nigerians Await FG Publication Of FX Subsidy Spending
As Nigerians eagerly await the federal government's publication of FX ...
As Nigerians eagerly await the federal government's publication of FX subsidy spending, critical questions remain regarding accountability, economic reforms, and state allocations. BusinessDay Editor, Lolade Akinmurele, Bunmi Bailey (Assistant Editor, ...BusinessDay) and Oladehinde Oladipo (Energy Editor, BusinessDay) break down the financial impact of petroleum subsidy removal, ballooning federal debt, and how local governments are handling unprecedented cash inflows.

From analyzing MTN Nigeria and Seplat half-year financial results to scrutinizing whether infrastructure development matches multi-billion naira allocations, this discussion uncovers the gaps in public transparency. Plus, we explore macro trends across the continent, including Ethiopia's surprising move to sell golden passports for $10 million, examining what it means for foreign direct investment and African economies.

CHAPTERS:
00:00 – Introduction: MTN & Seplat Financial Results
01:25 – The History and Impact of Nigeria’s FX and Petrol Subsidy Reforms
03:45 – Public Expectations Ahead of FG’s Subsidy Spending Publication
06:40 – Local Government Allocations: Are State Governors Doing Enough?
12:20 – Did Subsidy Removal Stop Nigeria’s Excessive Borrowing?
17:15 – Ethiopia’s $10 Million Golden Passport Strategy Explained

#Nigeria #Economy #SubsidyRemoval #FXSubsidy #Tinubu
Show More
H1 2026 Earnings Roundup: MTN, Seplat, Stanbic IBTC And FCMB
Now Playing
H1 2026 Earnings Roundup: MTN, Seplat, Stanbic IBTC And FCMB
Nigeria’s financial landscape is shifting rapidly, and the H1 2026 ...
Nigeria’s financial landscape is shifting rapidly, and the H1 2026 earnings reports from corporate giants like MTN Nigeria, Seplat Energy, Stanbic IBTC, and FCMB are revealing massive economic trends. Discover ...how surging data revenue, strategic asset acquisitions, and recent economic reforms are transforming the Nigerian Exchange and what this means for local investors.

In this breakdown of the H1 2026 earnings season, BusinessDay Editor, Lolade Akinmurele, Bunmi Bailey (Assistant Editor, BusinessDay) and Oladehinde Oladipo (Energy Editor, BusinessDay) analyze the staggering multi-trillion naira revenues and triple-digit profit growths reported by telecom and energy heavyweights. Despite ongoing economic challenges, companies are adapting to hybrid work environments and digital transactions, driving unprecedented consumer engagement. We examine how Seplat Energy is sweating its newly acquired ExxonMobil assets, boosting oil and gas production to record highs, and why foreign portfolio investors are heavily leaning toward fixed-income debt markets instead of equities.

Furthermore, we explore the valuation metrics comparing Seplat and Aradel, the impact of currency reforms on multinational corporations, and the macroeconomic indicators shaping inflation and interest rates. Whether you are a retail investor looking to position your portfolio for maximum dividend yields or an economic enthusiast tracking Nigerian market performance, this discussion offers critical insights into the future of African capital markets.

CHAPTERS:
00:00 – Introduction & Macroeconomic Headlines
01:21 – MTN Nigeria H1 2026 Financial Results & Data Revenue Growth
06:30 – Why Foreign Investors Are Avoiding Nigerian Equities
13:16 – Seplat Energy H1 2026 Earnings & ExxonMobil Asset Integration
18:30 – Leadership Changes, Corporate Governance, and Market Outlook

#MTN #Nigeria #SeplatEnergy #NigerianStockExchange #FCMB #StanbicIBTC
Show More
Nigerian Banks Boast Africa's Biggest Customer Base But Assets Fall Short
Now Playing
Nigerian Banks Boast Africa's Biggest Customer Base But Assets Fall Short
Discover why Nigerian banks boast Africa's biggest customer base yet ...
Discover why Nigerian banks boast Africa's biggest customer base yet fall short on asset size. Learn the economic reality behind Nigeria's banking sector.

BusinessDay Publisher Frank Aigbogun , Lolade Akinmurele (Editor, ...
BusinessDay) and Bunmi Bailey (Assistant Editor, BusinessDay) analyze why having the largest customer base in Africa doesn't automatically translate to massive asset value or strong balance sheets [04:42]. We explore how economic challenges, exchange rate volatility, and declining purchasing power impact the financial landscape [07:14]. The conversation also unpacks the critical differences between market size and actual productivity, comparing Nigeria's banking metrics with regional counterparts like South Africa and Kenya [05:44].

CHAPTERS:
00:00 – Introduction
[03:48] – Nigerian Banks: Customer Base vs Asset Size
[07:07] – Exchange Rates and Economic Productivity
[12:41] – Why Banks are Expanding Across Africa
[15:06] – What Nigeria Needs to Do to Regain Economic Glory

#Nigeria #Banks #Africa #Economy #Business
Show More
Dangote's $2.5Bn Private Placement And What It Says About Nigerian Mega Deals
Now Playing
Dangote's $2.5Bn Private Placement And What It Says About Nigerian Mega Deals
Dangote’s groundbreaking $2.5 billion private placement is shattering ...
Dangote’s groundbreaking $2.5 billion private placement is shattering records across the continent and proving that global investor confidence in mega-deals is alive and well.

BusinessDay Publisher Frank Aigbogun , Lolade Akinmurele ...
(Editor, BusinessDay) and Bunmi Bailey (Assistant Editor, BusinessDay) break down how the Dangote Refinery's massive $9.2 billion oversubscribed private placement signals a monumental shift for the Nigerian economy. Discover why private capital and big-ticket investments are outperforming traditional public sector growth models, how global energy crises are supercharging industrial expansion, and what this means for upcoming stock market listings and retail investors [04:50]. We also explore deep-seated governance challenges, leadership hurdles, and the lessons Nigeria must learn from massive infrastructure success stories to unlock a $1 trillion economic future .

CHAPTERS:
00:00 – Introduction: Dangote Refinery's Record $2.5B Private Placement
00:33 – Analyzing Investor Appetite and the $9.2 Billion Oversubscription Shock
03:35 – Global Energy Markets, the Iran War Impact, and Refining Exports
06:52 – Inside Aliko Dangote's Vision and Historical Struggles for Private Refineries
10:40 – The NLNG Blueprint: Why Nigeria Needs Ten More Mega-Projects
13:30 – The Core Crisis: Corruption, Leadership Failure, and Policy Inaction
17:20 – Replicating Success in Power, Agriculture, and Reaching a $1 Trillion Economy

#DangoteRefinery #Dangote #Nigeria #Economy #PrivatePlacement
Show More
14th BusinessDay CEO Forum : Panel Sessions on Funding, Energy, and Technology
Now Playing
14th BusinessDay CEO Forum : Panel Sessions on Funding, Energy, and Technology
Why is Africa's largest gas producer failing to keep the lights on for ...
Why is Africa's largest gas producer failing to keep the lights on for over 200 million people?BusinessDay Publisher Frank Aigbogun , Lolade Akinmurele (Editor, BusinessDay) and Bunmi Bailey (Assistant Editor, ...BusinessDay) expose the uncomfortable truth behind Nigeria's energy crisis, central bank policies, and continental economic moves.

Nigeria holds an astonishing 215 trillion cubic feet of natural gas reserves, yet the national grid struggles to deliver even 4,000 megawatts of electricity. In this deep dive from the 14th BusinessDay CEO Forum, economic analysts and industry leaders break down how rigid government price controls, regulatory roadblocks, and systemic corruption hold back power generation. They discuss why total market deregulation—similar to the success of NLNG and the Dangote Refinery—is the only sustainable path to 24/7 power and industrial growth.

The panel also turns its attention to banking and monetary policy as the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) convenes. With Nigeria maintaining one of the world's highest Cash Reserve Ratios (CRR) at over 40%, experts evaluate how CBN policy rates, interest rate decisions across Africa (Ghana, South Africa, Ethiopia, Angola), and foreign exchange stability will impact businesses, inflation, and credit growth in 2026. Furthermore, we explore Aga Khan University’s expansion into Nigeria and the rising trend of intra-African medical tourism and trade integration.

CHAPTERS:

00:00 – Introduction: 14th BusinessDay CEO Forum Highlights

00:27 – Nigeria's 215 Trillion Gas Reserve & Power Grid Trap

01:24 – Why Gas Price Regulation Is Smothering Power Supply

03:22 – Deregulation Lessons: NLNG and Dangote Refinery Models

05:15 – Bureaucracy, Roadblocks, and Tax Revenue Potential

08:52 – Aga Khan University & Intra-African Medical Tourism

12:53 – CBN MPC Meeting Expectations & Inflation Dynamics

14:30 – Bank Capitalization, CRR Over 40%, and Sector Lending

16:14 – Interest Rate Trends Across Africa: Ghana, South Africa & More

18:45 – Key Takeaways for Nigerian Businesses & Conclusion

#Nigeria #Economy #CBN #MPC #EnergyCrisis
Show More
Takeaways From the 14th BusinessDay CEO Forum
Now Playing
Takeaways From the 14th BusinessDay CEO Forum
In this episode of Business Week, BusinessDay Publisher Frank Aigbogun ...
In this episode of Business Week, BusinessDay Publisher Frank Aigbogun , Lolade Akinmurele (Editor, BusinessDay) and Bunmi Bailey (Assistant Editor, BusinessDay) analyze key revelations from Central Bank Governor Olayemi Cardoso ...and Minister of Finance and Coordinating Minister of the Economy Taiwo Oyedele at the 14th BusinessDay CEO Forum.

Nigeria's economy is undergoing a massive recalibration following bold macroeconomic reforms. From the CBN’s foreign reserve recovery jumping from negative $4 billion to nearly $40 billion, to the true cost of overregulation stripping trillions from businesses, this panel breaks down what CEOs and foreign investors need to watch out for. We examine the impact of commercial bank liquidity, private sector credit lending, inflation trends, and whether state-level interventions can unlock Nigeria's true economic potential.

Whether you're a business leader, investor, or observant Nigerian tracking fiscal policy changes, Naira stability, and FX market liquidity, these expert insights offer a transparent look into Nigeria’s economic direction.

CHAPTERS:

00:00 – Introduction & Major Daily Headlines

02:04 – Overview of the 14th BusinessDay CEO Forum

02:50 – CBN Governor Cardoso & Foreign Reserve Growth

06:05 – Bank Liquidity & Private Sector Credit Lending Constraints

10:18 – Leadership, Transparency & Overcoming Political Influence

12:15 – Minister of Finance on Overregulation & Hidden Economic Costs

16:00 – Measuring GDP vs. Poverty Data & World Bank Statistics

20:28 – Economic Advisory Committees & Business Community Alignment

24:55 – Inflation Trends, Dangote Refinery & FX Market Recalibration

#Nigeria #Economy #BusinessDay #CBN #Naira #Dangote
Show More
Impact of Bank Recapitalisation on Lending to Small Businesses
Now Playing
Impact of Bank Recapitalisation on Lending to Small Businesses
BusinessDay Publisher Frank Aigbogun , Lolade Akinmurele (Editor, ...
BusinessDay Publisher Frank Aigbogun , Lolade Akinmurele (Editor, BusinessDay) and Bunmi Bailey (Assistant Editor, BusinessDay) discuss why the newly raised banking capital is not reaching small and medium-sized enterprises (SMEs) ...in Nigeria. Instead of funding private enterprises, commercial banks are parking trillions of Naira in government-backed treasury bills at lucrative 20% interest rates. This aggressive crowding out of the private sector by the federal government means commercial bank loans for businesses are dry, forcing local entrepreneurs to look elsewhere or face shut down under severe economic pressure.

They also compare Nigeria’s harsh macroeconomics with Kenya's booming financial sector, where strategic central bank targets have pushed banks to meet and exceed private credit goals. With inflation persistently high and interest rate cuts shelved due to global geopolitical tensions, we outline what Nigerian business owners must do to survive. Watch to understand the real-world obstacles behind Nigeria's $1 trillion economy ambition and how policy failures impact the street.

CHAPTERS:
00:00 – Introduction: The Shocking Bank Recapitalisation Trend

01:15 – How the Government is Crowding Out Private Businesses

02:40 – FinTechs and the Rise of Alternative Foreign Capital

03:15 – Kenya vs. Nigeria: The Secrets of Stable Exchange Rates

05:30 – Can Nigeria Actually Reach a $1 Trillion Economy?

07:30 – The High Interest Rate Trap & Poor Power Infrastructure

10:15 – Second Half Outlook: Inflation, Oil Prices, and Africa's MPC Decisions

13:40 – The US-Iran War Factor & Local Currency Stability

15:15 – Ghana and South Africa: Interest Rate Trajectories

19:25 – Strategic Shifts: Moving from Raw Exports to Agro-Processing

21:30 – Why We Need Growth Enablers Over Political Statements

24:00 – IMF Shocking Revelations & Budgetary Trust Deficits

#Nigeria #Banks #SME #Finance #CentralBank #Economy
Show More
1 of 4
Facebook Twitter Youtube