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Otedola acquires N43.4 billion shares in First HoldCo

Nigeria, May 14 -- Femi Otedola, the chair of the financial services group First HoldCo Plc, has purchased new shares valued at N43.4 billion in the banking group, according to a regulatory filing at ... Read More


Fidelity Bank's annual revenue up 46%

Nigeria, May 12 -- Fidelity Bank recorded a 45.6 per cent surge in revenue for last year, compared to 2024, as the financial institution witnessed reasonable growth across its key income streams. The... Read More


AIICO, Fidelity, May & Baker top stock pick this week

Nigeria, May 11 -- Nigerian stocks advanced further last week, adding 1 per cent on the back of increased demand for Industrial Goods shares. The benchmark equity interest has returned 57.3 per cent,... Read More


Airtel Africa's annual profit surges 147% amid higher revenue

Nigeria, May 8 -- Airtel Africa posted a 147.4 per cent jump in net profit last year, compared to 2024, boosted by a notable improvement in turnover, the telecommunications giant reported on Friday. ... Read More


Nigeria's economic growth back on track after years of crisis - Report

Nigeria, May 4 -- The Nigerian economy is turning the tide and is back on the path of growth after years of being constrained by fiscal crises, external shocks, policy missteps and missed opportunitie... Read More


Sterling, Nascon, Wema top stock pick this week

Nigeria, May 4 -- Nigerian stocks appreciated by 7.3 per cent last week, driven by industrial goods equities, taking the year-to-date yield to 55.7 per cent. The market achieved that on the back of im... Read More


Access Holdings logs record N743 billion annual profit

Nigeria, May 1 -- Nigeria's biggest banking institution Access Holdings on Friday posted N743 billion in net profit for last year, its peak level ever. Revenue jumped to a record, as a much stronger ... Read More


Daar Communications' majority owner alleges share manipulation at CAC

Nigeria, April 30 -- The majority owner of Daar Communications Plc, Daar Investment & Holding Company (DIHL), alleged on Tuesday that the manipulation of the media and entertainment company's sharehol... Read More


Oando awaits regulatory approvals for proposed N220.8 billion rights issue

Nigeria, April 30 -- Oil driller Oando Plc said Wednesday it is on course to secure regulators' nod for its planned share sale to shareholders, through which it is looking to sell 4.4 billion ordinary... Read More


GTCO grows interest income to N458bn amid mounting costs

Nigeria, April 29 -- Banking group Guaranty Trust Holding Company's (GTCO) interest income rose to N458.5 billion from N386 billion, deriving strength from interest earned from loans and advances to c... Read More