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CBN grants JP Morgan approval-in-principle to set up merchant bank

Nigeria, Oct. 24 -- The Central Bank of Nigeria (CBN) has granted approval-in-principle to JP Morgan to set up a merchant in the country. The move eases the path for the US largest bank to expand its... Read More


Unilever Nigeria posts 20% jump in nine-month profit, raises interim dividend fourfold

Nigeria, Oct. 24 -- Unilever Nigeria reported an increase of 20.1 per cent in net profit for the nine months to September, compared to the corresponding period of 2025, according to the latest corpora... Read More


First HoldCo's nine-month profit leaps 63% to N744.5 billion

Nigeria, Oct. 23 -- First HoldCo Plc logged a 65.1 per cent rise in net profit in the first nine months of 2026, relative to the same period of last year, according to its latest unaudited results iss... Read More


N156 Billion Debt Recovery Suit: Stallion Group appeals ruling upholding UBA's appointment of receiver/manager

Nigeria, Oct. 17 -- Stallion Group has filed an appeal against Friday's decision of the Federal High Court, Lagos, which upheld the appointment of a receiver/manager by the United Bank for Africa (UBA... Read More


Court upholds appointment of receiver/manager in UBA's debt recovery suit against Stallion Group.

Nigeria, Oct. 16 -- The Federal High Court in Lagos has ruled in favour of United Bank for Africa (UBA) in a N156 billion debt recovery suit against Stallion Group and its subsidiaries and upheld the ... Read More


Court upholds appointment of receiver/manager in debt recovery suit against Stallion Group

Nigeria, Oct. 16 -- The Federal High Court in Lagos has ruled in favour of United Bank for Africa (UBA) in a N156 billion debt recovery suit against Stallion Group and its subsidiaries and upheld the ... Read More


Dangote Petroleum Refinery logs $4.7 billion profit in nine months on higher refining throughput

Nigeria, Oct. 14 -- Dangote Petroleum Refinery and Petrochemicals reported $4.7 billion in net profit for the first nine months of 2026, in contrast to a net loss of $117.2 million in the same period ... Read More


Zenith Bank's half-year profit falls 19% amid shrinking revenue

Nigeria, Oct. 10 -- Zenith Bank logged a 19.1 per cent slide in net profit for the first half of 2026, relative to a year ago, its latest audited earnings report showed. This marks the second time in... Read More


Zenith, Fidson, NEM top stock pick this week

Nigeria, Oct. 5 -- Nigerian stocks slightly depreciated last week, sliding by 0.5 per cent as sell pressure on bank equities weighed on the main stock index. All but the insurance index dropped out o... Read More


Why my grandson doesn't want to work with me yet - Dangote

Nigeria, Sept. 30 -- The president of Dangote Industries Limited, Aliko Dangote, has revealed that his first grandson is not currently interested in taking up a role in the family business because he ... Read More