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 […]
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Access Bank to Host Maiden MSME Conference, Launches SME App
Access Bank is set to host the maiden edition of its MSME Conference on Friday, July 24, 2026, at its Head Office in Victoria Island, Lagos. The conference, themed “AI for SMEs: Scaling Through Digital Tools,” will bring together entrepreneurs, business leaders, policymakers, and technology experts to explore […]
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 […]
Royal Exchange Seeks Insurance-Oil Sector Partnership To Drive Growth
Nigeria’s insurance and oil and gas industries have been urged to deepen strategic collaboration through stronger local content implementation and digital transformation as part of efforts to accelerate economic growth, strengthen domestic capacity and improve the country’s resilience.Nigerian entertainment updates The call was made by the Group Managing […]
N68.32tn Budget Faces Credibility Test as Deficit Hits N31.45tn — BudgIT ……Says Budget Ambitious But Unrealistic, Warns of Pre-Election Spending Risks ……..Only 54% of Budget Backed by Revenue
Civic technology organisation, BudgIT, has raised concerns over the Federal Government’s N68.32tn 2026 budget, describing it as ambitious but largely unrealistic given the country’s weak revenue base, widening fiscal deficit and growing debt obligations. In a analysis of the approved fiscal plan, BudgIT warned that the […]
Dangote Secures $600m AFC Loan For Fertiliser Expansion…… Targets $4bn Annual Export Earnings
The Dangote Group has secured a $600m loan facility from the Africa Finance Corporation (AFC) to support a major expansion of its fertiliser business, a move expected to significantly boost Africa’s fertiliser production capacity, strengthen food security and generate more than $4bn annually in export earnings within […]
Band A Customers To Receive Compensation For Power Disruptions – NERC
The Nigerian Electricity Regulatory Commission (NERC) has approved a special compensation scheme for eligible Band A electricity customers affected by power supply disruptions caused by grid generation constraints between February and March 2026. The Commission announced the measure in a public notice issued under Directive No. NERC/2026/002 […]
Nigeria Risks 27.5% US Tariffs Under Proposed Trade Measures
Nigeria could face tariffs of up to 27.5 per cent on exports to the United States under a proposed trade measure by the US government targeting countries accused of failing to adequately prevent the importation of goods linked to forced labour. The proposal, announced by the Office […]
Dangote Refinery emerges world’s largest exporter of jet fuel
The Dangote Petroleum Refinery has emerged as the world’s largest exporter of jet fuel, marking a major milestone for Nigeria’s energy sector and strengthening the country’s position in global fuel markets amid ongoing geopolitical disruptions in the Middle East. According to data cited by S&P Global Commodities […]
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 […]