The Dangote Refinery IPO offers eligible investors an opportunity to apply for shares at ₦525 each, with a minimum subscription of ₦5,250. The application deadline has been extended to October 27, 2026. Here's what prospective investors should know before applying. The initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE has attracted attention from Nigerians interested in the country's stock market. The offer opened on September 14, 2026, with 4.1 billion ordinary shares being offered at ₦525 per share. The refinery subsequently announced an extension of the application period from October 13 to October 27, 2026, following approval from the Securities and Exchange Commission (SEC). Although the minimum subscription is relatively affordable compared with many investment opportunities, prospective investors should understand the application process, eligibility requirements, risks, and official timetable before committing money. What Is...

Category: Business, Finance & Investment A major development is attracting the attention of investors in Nigeria’s capital market. Thirteen companies listed on the Nigerian Exchange (NGX) have declared a combined ₦861.6 billion in interim dividends during the first half of 2026, according to recent market reporting. The figure is significant because interim dividends are payments made to shareholders before a company's full-year results are completed. The latest declarations have been led by major companies in telecommunications, cement, consumer goods and other sectors.  But what does the ₦861.6 billion figure actually mean for an ordinary Nigerian investor? Here is what you need to know. What Are Interim Dividends? An interim dividend is a payment a company makes to its shareholders during the financial year, usually after releasing quarterly or half-year financial results. Unlike a final dividend, which is normally considered after the full financial year, an i...

The promise can sound almost too good to ignore, Invest ₦50,000 today and receive ₦100,000 in a few weeks, Deposit money and earn guaranteed daily returns, Invite three friends and unlock a higher investment package. A stranger on WhatsApp sends you screenshots showing how much money they have supposedly made. In today's digital environment, investment opportunities can reach Nigerians through WhatsApp, Facebook, Instagram, Telegram, TikTok, websites and private messages. But not every platform presenting itself as an investment opportunity is legitimate. In a public notice issued in May 2026, Nigeria's Securities and Exchange Commission (SEC) warned about the increasing promotion of unregistered online investment schemes across social-media platforms and websites. The Commission said some of these schemes display characteristics of Ponzi or prohibited investment schemes and advised members of the public to verify the registration status of investment operators befo...

  Saving money in Nigeria can feel difficult because of rising food prices, transportation costs, electricity bills, and other daily expenses. Many people want to save but struggle to keep money aside before the month ends. The good news is that saving money is possible regardless of your current income level. It starts with developing intentional daily habits and choosing the right financial tools. In this guide, Naija Buzz Media breaks down six practical ways to save money and build long-term financial security in Nigeria.