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Sunday, August 7, 2022
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CATEGORY

Wealth

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...

Forbes: Tiger Woods Joins Michael Jordan, LeBron James as Billionaires

Forbes has estimated Tiger Woods' net worth at least $1 billion, which would allow the 15-time major winner to join Michael Jordan and LeBron...

Femi Otedola Sells 717.93 million First Bank Shares for N7.96 billion

Femi Otedola the largest shareholder in FBN Holdings the parent company of First bank of Nigeria has sold 717.93 million shares or 2.02 percent...

Why Investors Should Buy Seplat Stock For the Huge Free Cash Flow

A Nigerian Company sitting on a cash pile that sets it apart from others is Seplat Energy Plc, the largest upstream oil and gas...

Seplat Issues Stock Options Valued at N5.95bn to 3 Executives

Seplat Energy has issued stock options to 3 executives valued at N5.95 billion as an incentive to create long term shareholder value. The shares...

Femi Otedola to Earn N951mn Dividends from 7.57% First Bank Stake

Billionaire Businessman, Mr. Femi Otedola, who has accumulated a 7.57% equity stake in FBN Holdings (FBNH) Plc will see his investment begin to pay...

Nigeria SWF Underperforms Global Peers as Total Income Down 8% in 2021

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...

FBN Holdings Acquires 100% of Access Pension Fund Custodian

FBN Holdings (FBNH) has announced that it has entered into a definitive agreement with Access Bank Plc for the planned acquisition by First Pension...

NGX Insider Offloads 2.935 million Shares at 50% Above Listing Price

Pivot Capital Limited, a Company related to Mr. Dare Adejumo, a member of the Statutory Audit Committee of the Nigerian Exchange Group Plc has...

Wema Bank Hits Highest Profit on Record as Share Reconstruction Bolsters Stock Price

Wema Bank Nigeria Plc has hit the highest profit on record as a share reconstruction helped bolster the lender’s share price, which validates the...

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