HeyJaredTaofik Salako
- Indexed articles, last 90 days
- 34
- Latest publication
- Sep 28, 2026
- Outlet visibility, for The Nation Nigeria
- Top 50K sites
- Earliest in this view
- Jul 6, 2026
Latest articles
Financial markets upbeat over interest rate cut (opens the original)
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September 28, 2026 by Taofik Salako, Deputy Business Editor The Nigerian financial system absorbed the first major cut in interest rate by the Central Bank of Nigeria (CBN) with a gush of optimism and resilience with key indicators showing measured optimism across the markets. The Monetary Policy Committee (MPC) of the CBN at the end of its two-day meeting 307th policy meeting had earlier in the week announced a major cut in the nation’s underlying interest rate benchmark, reducing the Monetary
CBN cuts interest rate to 23 per cent in major policy reset (opens the original)
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September 23, 2026 by Taofik Salako, Deputy Business Editor and Nduka Chiejina, Abuja The Central Bank of Nigeria (CBN) yesterday announced a major cut in the nation’s underlying interest rate benchmark, reducing the Monetary Policy Rate (MPR) by 350 basis points from 26.50 per cent to 23.00 per cent. The apex bank said the decision was taken to make monetary policy framework more effective and in line with the country’s stable macroeconomic fundamentals. At the end of its 307th policy meeting y
Global upgrade: stock market sets for new record return (opens the original)
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September 22, 2026 by Taofik Salako, Deputy Business Editor The Nigerian stock market regained the psychological 250,000 index mark yesterday as the global upgrade of Nigerian capital market to a frontier market spurred demand for Nigerian equities from both foreign and domestic investors. Trading data at the Nigerian Exchange (NGX) indicated that the All Share Index (ASI)- the value-based common index that tracks all share prices at the Exchange, crossed the 250,000 mark to close at 250,156.80.
Opening day scramble for N2.15tr Dangote refinery IPO (opens the original)
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September 15, 2026 by Taofik Salako, Deputy Business Editor, Muyiwa Lucas and Collins Nweze | Assistant Business Editor The N2.15 trillion initial public offering (IPO) of Dangote Petroleum Refinery & Petrochemicals FZE (DPRP) got off to a scramble yesterday as various subscription channels showed strong appetite for the landmark offer. Opening day survey of stockbroking firms, issuing houses, banks and fintechs showed that investors were enthusiastic about investing in Africa’s largest IPO, wit
High expectations from landmark Dangote Petroleum Refinery’s N2.15 trillion IPO (opens the original)
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September 14, 2026 by Taofik Salako, Deputy Business Editor The much-awaited initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) opens today for public subscription with high expectations for an offer that promises to reshape not only Nigeria but entire Africa’s capital market ecosystem. DPRP is offering 4.1 billion ordinary shares at N525 per share, representing initial offer value of N2.15 trillion. Minimum subscription is 10 units or N5,250, and thereafte
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