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 […]
Category: Trending
Trending News
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 […]
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 […]
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 […]
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 […]
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 […]
DataPro Warns Rising Debt Costs, Fiscal Strain Threaten Sovereign Credit Ratings
A new report by DataPro has warned that mounting fiscal constraints, rising debt servicing costs, and external vulnerabilities are increasingly putting pressure on sovereign credit ratings, particularly in emerging and commodity-dependent economies. In its latest monthly publication titled “Unlocking Sovereign Rating Factors,” the firm said while sovereign credit […]
Nigeria Shifts To Public Policy Partnership, Deepens Private Sector Role
The Federal Government has unveiled a new policy framework aimed at deepening private sector participation in economic management, marking a shift from traditional public-private partnerships (PPP) to a broader “public policy–private partnership” approach designed to drive investment-led growth. The Minister of Finance and Coordinating Minister of the […]