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NGX Emerges Africa’s Second Best Performing Stock Exchange For Half Year

The Nigerian Exchange (NGX) All Share Index (ASI) has emerged the second best exchange in Africa so far this year, which validates the magnitude of...

Oando Fails to Pay $180 million Signature Bonus on OPL 321, 323

Oando Energy Resources (OER) has failed to make the required signature bonus payment on time after the award of Oil Prospecting Licenses (OPLs) 321...

Fidelity Bank Needs Merger to Attain Tier 1 Status by 2025

Fidelity Bank will have to embark on an aggressive scheme of mergers and acquisitions to attain a highly coveted ambition of seating among the...

BOI Invests N3.5 billion in Shoprite Acquirer Ketron Investment Ltd

The Bank of Industry (BOI) has made an equity investment valued at N3.5 billion in Ketron investment Limited, which acquired ShopRite stores in Nigeria. “These...

Dangote Cement Shields Itself From Downturn, Returns Wealth to Shareholders

It is not hubris to say that Dangote Cement has returned wealth to shareholders more than any firm in Nigeria. And the largest producer of...

How Otedola Used Structured Finance to Gain Control of First Bank

Femi Otedola the largest shareholder in FBN Holdings the parent company of First bank of Nigeria used a sophisticated form of financing known as structured finance...

Dangote Cement, MTN, Zenith Bank Top List of Largest Firms by Profit in Q1

Based on the NGX 30 index constituent- the most liquid and capitalized firms- Dangote Cement is the largest firm by profit in the first...

Thursday “Humor”: Liquidity Challenged Ellah Lakes Wants to Raise More Capital

Nigerian Agriculture firm Ellah Lakes which is still liquidity challenged despite recently receiving N940 million from the Central Bank of Nigeria (CBN) Real Sector...

CBN Rate Hike to Propel Bank Stocks Higher 

The Central Bank of Nigeria’s (CBN) decision to raise its benchmark policy rate is set to reignite investors’ appetite for bank stocks as the...

Atiku’s Emergence as PDP Flag Bearer Puts Pressure on APC

The emergence of former Vice President of Nigeria, Atiku Abubakar as the People’s Democratic Party (PDP) flagbearer for the 2023 presidential election, has put pressure back on...

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