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BOI Invests N3.5 billion in Shoprite Acquirer Ketron Investment Ltd
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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
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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
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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
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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
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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 HigherÂ
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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
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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...
Nigeria SWF Underperforms Global Peers as Total Income Down 8% in 2021
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Nigeria’s sovereign wealth fund (SWF) under performed global peers in 2021 as its total comprehensive income fell by 8% to N146.9 billion, despite it...
5 Reasons Why Talk of Dangote Being Broke is Financial Illiteracy
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Recently there have been publications in some online media to the effect that Africa’s richest man Aliko Dangote is broke, with his holding Company...
Access Bank has Highest Return on Equity Among Peer Rivals
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Access Bank has utilized the resources of its shareholders in generating higher profit (Return on average equity) more than peer rivals.
This indicates that the...