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Manufacturing sector's contribution to Nigeria's GDP drops in Q1 2025

Nigeria, July 22 -- Nigeria's manufacturing sector's contribution to real Gross Domestic Product (GDP) in the first quarter of the year shrank to 9.62 per cent from 9.76 per cent a year ago, according... Read More


Lasaco, Transcorp, Access Holdings top stock pick this week

Nigeria, July 21 -- Nigerian stocks appreciated for the eighth week in a row last week, adding 4.3 per cent as increased interest in industrial goods equities drove gains. Positive sentiments around ... Read More


FG debunks report on First HoldCo's share sales involving Otudeko, Odukale

Nigeria, July 19 -- The Nigerian Government has denied its involvement in recent acquisitions of shares in First HoldCo Plc, which saw 10.43 billion shares of the financial services group, valued at N... Read More


Otudeko, Odukale exit First HoldCo, sell off stakes

Nigeria, July 17 -- Two of the top shareholders of First HoldCo Plc, Oba Otudeko and Oye Hassan-Odukale, have offloaded their stakes in the financial services group, easing the path for Femi Otedola, ... Read More


Business in Nigeria (June Edition): New tax law sparks ray of hope for growth

Nigeria, July 16 -- Dear Reader, In a way, Nigeria is finding reassurance for sustainable fiscal growth through improved tax collection after completing the modernisation of its tax law and adopting ... Read More


Dangote plans construction of Nigeria's largest seaport

Nigeria, July 15 -- Aliko Dangote is forging ahead with a proposal to build a seaport in Ogun State to facilitate exports, including liquefied natural gas. The move is expected to accelerate an expan... Read More


Aradel, NEM Insurance, NAHCO top stock pick this week

Nigeria, July 14 -- Nigerian stocks advanced sharply last week, adding 4.3 per cent as investment fund found stronger interest in equities, notably bank and insurance shares, and positioning ahead of ... Read More


GTCO becomes Nigeria's first banking institution to list on London Stock Exchange

Nigeria, July 9 -- Guaranty Trust Holding Company (GTCO), Nigeria's biggest financial institution by market value, had its 36.4 billion ordinary shares admitted to the main market of the London Stock ... Read More


UPDATED: GTCO becomes Nigeria's first banking institution to list on London Stock Exchange

Nigeria, July 9 -- Guaranty Trust Holding Company (GTCO), Nigeria's biggest financial institution by market value, had its 36.4 billion ordinary shares admitted to the main market of the London Stock ... Read More


Lafarge Africa, BUA Cement, United Capital top stock pick this week

Nigeria, July 7 -- More cash continued to pour into stocks, while a greater activity was recorded last week as equities continued their run of gains, adding 0.8 per cent this time around. It somewhat... Read More