Dangote Cement Plc grew cement and clinker exports from Nigeria by 62.3 per cent to 1.1 million tonnes in the first half of 2026, reinforcing the country’s position as a regional manufacturing and export hub while also reporting a 22.7 per cent rise in profit after tax to […]
Category: Capital Market
Capital Market
Otedola’s First HoldCo Stake Hits N1.47trn After N222bn Acquisition
Chairman of First HoldCo Plc, Femi Otedola, has increased his ownership stake in the financial services group to 25.87 per cent following the acquisition of an additional 1.779 billion ordinary shares valued at approximately N222.2bn, further strengthening his position as the company’s largest individual shareholder. The […]
Access Bank Partners FG to Scale MSMEs Through Artificial Intelligence
Access Bank Plc has partnered with the Federal Government to accelerate the adoption of Artificial Intelligence (AI) among Nigeria’s Micro, Small and Medium Enterprises (MSMEs), unveiling a new digital platform aimed at helping entrepreneurs improve productivity, expand market access and strengthen business sustainability as the country pursues its ambition of […]
United Capital assets surpass ₦2trn, targets deeper Africa expansion
L-R: Dr. Gbadebo Aderenle, Managing Director, United Capital Investment Banking; Adetola Fasuyi, Managing Director, United Capital Wealth Management; Dr. Odiri Oginni, Managing Director/Chief Executive Officer, United Capital Asset Management; Peter Ashade, Group Chief Executive Officer, United Capital Plc; Esther Adeola-Balogun, Managing Director/Chief Executive Officer, UCEE Microfinance Bank; and […]
Otedola Raises First HoldCo Holding to 21.95% After N77.6bn Share Purchase
Billionaire businessman and Chairman of First HoldCo Plc, Femi Otedola, has increased his ownership stake in the financial holding company to 21.95 per cent following the acquisition of 706.13 million ordinary shares valued at approximately N77.6bn through a related entity. The transaction, disclosed in a regulatory filing […]
Nigeria Tops Global Equity Markets With 67% Dollar Returns – Bloomberg
Nigeria’s stock market has emerged as the world’s best-performing equity market in dollar terms this year, recording a 67 per cent return and overtaking South Korea, according to a new report by Bloomberg. The report, published on Thursday, ranked Nigeria first among 92 global stock exchanges monitored by […]
NGX Group Advances Investor Education Drive with Digital Retail Engagement Initiative
Nigerian Exchange Group has intensified its investor education drive through a digital engagement initiative aimed at improving financial literacy and deepening retail participation in the Nigerian capital market. The Group recently hosted an X Space session themed “Follow the Fundamentals: A Beginner’s Guide to the Stock Market,” reaching […]
Wema Bank Clarifies Position On Gulf Bank Asset Transactions
Wema Bank Plc has dismissed as false and misleading recent reports alleging impropriety in the sale of certain Banana Island properties linked to the defunct Gulf Bank Plc, insisting that its actions were lawful recovery efforts tied to a long-standing debt obligation. The bank said in a […]
Airtel Targets 90% Ownership Of African Unit Through $2.9bn Deal
Indian telecommunications giant Bharti Airtel has unveiled plans to increase its ownership stake in Airtel Africa to as much as 90 per cent through a proposed $2.9bn share swap arrangement, in a strategic move aimed at consolidating its African operations ahead of a planned mobile-money initial public offering […]
Access Holdings Clarifies Dividend Position Amid Strong 2025 Earnings
Access Holdings Plc has reaffirmed its commitment to long‑term shareholder value and sustainable returns, following a strong performance in the 2025 financial year, while providing clarity on the rationale for the non‑payment of dividends for the year ended December 31, 2025. The clarification was provided during the Group’s Full […]