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First HoldCo Chairman Otedola Buys ₦43 Billion Stake After Record Earnings

Bala Augie -
Femi Otedola, chairman of First HoldCo Plc, acquired 549.53 million new shares worth ₦43.4 billion at ₦79 each through Calvados Global Services Ltd. on...
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Nigerian Banks Trade at Steep EM Discount Despite ROE Parity

Bala Augie -
Nigeria's largest banks trade at sharp valuation discounts to African peers despite comparable or superior returns on equity, a new Chapel Hill Denham report...
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Top 5 Nigerian Banks Command ₦164 Trillion Balance Sheet

Bala Augie -
Nigeria’s five largest banks held combined assets of about ₦164 trillion ($113 billion) at the end of the first quarter of 2026, with Access...
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Premium Pensions Profit Jumps 73% to ₦6.1 Billion on Fee Growth

Bala Augie -
Premium Pensions Ltd., the country’s fourth-largest pension fund administrator, posted a 73% rise in full-year 2025 profit after tax to ₦6.14 billion, driven by...
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Nigerian Banks Post Tepid Q1 Loan Growth as GTCO Least Likely to Extend Credit

Bala Augie -
Nigeria's top five banks expanded loan books by a meager average (4.6%) in the First Quarter (Q1) of 2026, signaling caution despite Central Bank...
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Fidelity Bank Sets Aside ₦19.8 Billion For Legal Loss as Claims Now Double 2025 Profit

Bala Augie -
Fidelity Bank Plc disclosed potential losses of up to ₦19.8 billion from ongoing litigation, as claims against the lender skyrocketed 3,412% to ₦491.8 billion...
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Fidelity Bank Profit Drops 13% to ₦242 Billion on Derivative Hit That Threatens Capital

Bala Augie -
Fidelity Bank Plc reported a 12.8% decline in full-year 2025 profit after tax to ₦242.44 billion from ₦278.10 billion, as a massive ₦223.79 billion...
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Guinea Insurance Swings to ₦353M Loss on Claims Explosion

Bala Augie -
Guinea Insurance Plc posted a ₦352.65 million loss after tax for Q1 2026, flipping from a ₦130.31 million profit a year earlier, as claims...
Energy

Dangote Eyes $50 Billion Valuation in Refinery IPO

Bala Augie -
Aliko Dangote plans to seek a valuation of as much as $50 billion for his refinery business in an initial public offering (IPO) this...
Economy

Tinubu Reforms Power Nigeria Stocks Past New Zealand as Bonds Crush EM Peers

Bala Augie -
Nigeria's stocks, bonds and naira are surging as investors embrace President Bola Tinubu's economic overhaul. Nigeria's NGX All-Share Index has rocketed 66% in dollar terms...
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