Samed Olukoya

Global oil prices moved lower on Monday as signs of progress in diplomatic negotiations between the United States and Iran reduced fears of a prolonged disruption to global crude supplies.

Nigeria's external reserves increased by approximately $1.69 billion within three weeks amid growing improvement in the country's foreign currency position.

The ranking shows that industrialists Aliko Dangote and Abdulsamad Rabiu are Nigeria's sole representatives on the list with a combined fortune of approximately $53.1 billion.

The Nigerian stock market rebounded on Monday as renewed buying interest in banking stocks helped investors recover approximately ₦568 billion in market value following last week's broad selloff.

The Dollar to Naira exchange rate remained relatively stable in the parallel market on Tuesday, June 23, 2026, despite continued demand for foreign currency from businesses, travelers and importers.

MTN Nigeria Communications Plc has disclosed the vesting of shares on selected employees under its Employee Share Ownership Plan (ESOP) and Performance Share Plan, according to a filing submitted to the Nigerian Exchange Limited (NGX).

Julius Berger Nigeria Plc has announced changes to its Board of Directors with the appointment of Dr. Muiz Adeyemi Banire, SAN, OON, as a Non-Executive Director and Mrs. Chinazo Okoye as Alternate Director to Dr. Ernest Nnaemeka Azudialu-Obiejesi, OFR.

Premier Paints Plc has announced the postponement of the Mandatory Tender Offer (MTO) by Xenergi Plc that was originally scheduled to commence on June 22, 2026.

Deap Capital Management & Trust Plc has completed its transition to Critical Minerals Financing Corp. Plc (CMFC Plc) following the receipt of all required regulatory approvals and filings.

Ethiopian Airlines Group has taken delivery of the first of two DHC-6 Twin Otter Classic 300-G aircraft from De Havilland Aircraft of Canada Limited as part of efforts to strengthen domestic connectivity and expand access to remote communities and tourism destinations across Ethiopia.