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Otedola acquires N29.6 billion shares in First HoldCo, taking his stake to 20.4%

Nigeria, June 19 -- Billionaire tycoon Femi Otedola has acquired 672.9 million new shares in financial services group First HoldCo Plc, taking his interest in the group to 20.4 per cent. Mr Otedola e... और पढ़ें


Premier Paints' new core investor, Xenergi, launches a tender offer for minority shares

Nigeria, June 17 -- The new core investor of Premier Paints, Xenergi Limited, has launched a tender offer for 2 million ordinary shares (representing a 1.6 per cent equity interest) in the company, th... और पढ़ें


2026 budget ambitious but unviable - BudgIT

Nigeria, June 15 -- Civic tech organisation BudgIT has raised concerns about the Nigerian Government's 2026 budget, calling it "ambitious, but unrealistic" and unviable. The organisation noted in a s... और पढ़ें


Aradel, NEM, FCMB Group top stock pick this week

Nigeria, June 15 -- Nigerian stocks added 0.9 per cent last week, recovering from the depreciation it recorded penultimate week, supported by increased investors' interest in bank and oil & gas stocks... और पढ़ें


Economic reforms have restored credibility, stability - Tinubu

Nigeria, June 12 -- The reforms pursued by the current administration since its inauguration have restored stability and credibility to economic management, President Bola Tinubu said Friday. "Federa... और पढ़ें


Seplat Energy appoints Elumelu as chairman, names new CEO

Nigeria, June 9 -- Oil driller Seplat Energy has announced the appointment of business tycoon and chair of United Bank of Africa, Tony Elumelu, as its new chairman. Mr Elumelu is also the current chai... और पढ़ें


FCMB Group's annual profit hits record N177 billion

Nigeria, June 9 -- Mid-tier lender FCMB Group reported on Monday a 147.7 per cent lead in net profit to the highest level on record, supported by a remarkable improvement in interest income, its prima... और पढ़ें


Africa Prudential, AIICO Insurance, C & I Leasing top stock pick this week

Nigeria, June 8 -- Nigerian stocks depreciated last week, after a fragile recovery in the penultimate week, dropping by 3.1 per cent as sell pressure across the sectors, notably oil & gas and industri... और पढ़ें


CBN approves conversion of Abbey Mortgage Bank to regional commercial bank

Nigeria, June 4 -- Abbey Mortgage Bank has secured regulatory go-ahead from the Central Bank of Nigeria (CBN) to proceed with its planned conversion to a regional commercial bank, the mortgage lender ... और पढ़ें


Nestoil, receiver spar over the Supreme Court's ruling

Nigeria, June 3 -- Nestoil Limited has engaged in a verbal clash with Abubakar Sulu-Gambari, the receiver/manager appointed over the company and Neconde Energy in respect of an alleged debt default. ... और पढ़ें