Otedola praises Tinubu's, Cardoso's reforms as First HoldCo's annual profit surges

Nigeria, May 22 -- President Bola Tinubu's "tough but necessary" reforms to transform Nigeria to an investor-friendly haven has proven the president's "bold and visionary leadership," Femi Otedola, to... Read More

First Holdco, Ecobank, Prestige top stock pick this week

Nigeria, May 19 -- Nigerian stocks continued on the path of gain last week, their fourth week of positive performance, with consumer goods stocks leading the advance this time around. That momentum h... Read More

Nigeria wins first round in bid to overturn UK judgement on US$15 million fine

Nigeria, May 17 -- The Nigerian Government has won the first round of its bid to set aside a 2018 default judgement involving a $15 million fine against it in favour of Louis Emovbira Williams, a Brit... Read More

Planned Shares Sale to Chinese Firm: Court dismisses Lafarge Africa's jurisdiction motion

Nigeria, May 16 -- The Federal High Court Lagos Judicial Division on Thursday dismissed a motion by Lafarge Africa and Holcim Limited objecting to the court's jurisdiction to hear a matter involving a... Read More

Airtel Africa commences second tranche of share buyback programme

Nigeria, May 15 -- Airtel Africa has commenced the second tranche of its $100 million share buyback programme, the telecoms operator said on Wednesday, which marked the start date of the share repurch... Read More

Oil Cargo Arrest: Court dismisses General Hydrocarbons' bid to serve orders on Navy

Nigeria, May 15 -- A Federal High Court sitting in Port Harcourt, Rivers State, has dismissed an application by General Hydrocarbons, an energy firm, requesting the court to serve the orders of the co... Read More

Academy Press, NNFM, Zenith top stock pick this week

Nigeria, May 12 -- Fairly strong first-quarter results continued to power upbeat sentiments among investors in Nigerian stocks as the main equity index advanced for the third straight last week, with ... Read More

Airtel Africa overturns annual loss to post $328 million profit as Naira devaluation pressure eases

Nigeria, May 8 -- Airtel Africa plotted its way back to profitability as it turned $328 million in net profit for the last financial year, not so much by expanding revenue as by cutting down the weigh... Read More

ExxonMobil targets $1.5 billion deepwater investment in Nigeria

Nigeria, May 8 -- ExxonMobil is raring to complete the process that will formalise a new $1.5 billion deepwater investment in Nigeria, and so has arranged for a final investment decision (FID) to be m... Read More

UBA's CEO, three directors spend N658 million acquiring new shares

Nigeria, May 6 -- The chief executive of United Bank for Africa (UBA), Oliver Alawuba, and three other directors at the financial institution purchased shares cumulatively worth N658 million in variou... Read More

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