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Dangote Refinery Refutes Import Claims, Says Allegations Are False and Misleading

… Reaffirms Commitment to Delivering Euro‑Standard Fuel to Nigerians  February 4, 2026/Dangote Group Dangote Petroleum Refinery & Petrochemicals (DPRP) has firmly denied reports suggesting that it imports finished petroleum products, describing the claims as incorrect and based on a misunderstanding of global refinery operations. As a state‑of‑the‑art, large‑scale merchant refinery, […]

Nigerian Bourse Extends Bullish Momentum Higher by +1.3%, Driven by Blue Chips

February 4, 2026/Cordros Report EQUITIES The local bourse sustained its bullish momentum in today’s trading session as gains in MTNN (+2.9%), ARADEL (+3.7%), FIRSTHOLDCO (+9.9%) and WAPCO (+5.1%) drove the All-Share Index higher by 1.3% to 168,030.18 points. Consequently, the Month-to-Date and Year-to-Date returns settled higher at +1.6 and +8.0%, […]

Positive Breadth Supports Continued Market Upside

February 4, 2026/United Capital Report Equities Market Summary Today, the Nigerian Exchange Market closed on a positive note due to share price appreciation in FIRSTHOLDCO (+9.92%) and WAPCO (+5.10%). As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) rose by 1.28% to settle at 168,030.18 points. Year-to-date returns rose […]