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First Bank unveils Nigeria Economic Outlook 2026, stresses resilience as winning factor for businesses

Nigeria, Jan. 7 -- First Bank of Nigeria Limited, the commercial banking subsidiary of First HoldCo Plc, has hosted its annual Nigeria Economic Outlook, a high-level dialogue that shapes ideas, insigh... Read More


Fidelity, NEM Insurance, CAP top stock pick this week

Nigeria, Jan. 5 -- Nigerian stocks reported a 1.9 per cent gain last week, supported by strong demand for insurance and consumer goods stocks. Investor sentiment continued to improve with all the sect... Read More


2025 Review: Nigerian stocks pull off strongest performance in 18 years, yielding 51%

Nigeria, Jan. 1 -- Nigerian stocks posted their best outing in nearly two decades this year as the main equity index showed a yield of 51.2 per cent at market close in Lagos on Wednesday. Never since ... Read More


Nigerian senator appointed chairman of company in violation of Nigeria's code of conduct

Nigeria, Dec. 30 -- Geregu Power Plc, the Lagos-listed power generation company acquired on Monday by Abuja-based Ma'am Energy from billionaire tycoon Femi Otedola, has appointed Abdul-Aziz Abubakar Y... Read More


UP-CLOSE: Meet the new owners of Geregu Power

Nigeria, Dec. 30 -- Geregu Power, the electricity utility that billionaire investor Femi Otedola took public in October 2022, announced a change in its ownership on Monday, following a board meeting i... Read More


BREAKING: Otedola sells ownership in Geregu Power, to invest billions in financial sector

Nigeria, Dec. 29 -- The chairman of financial services group First HoldCo Plc, Femi Otedola, has offloaded his interest in Geregu Power Plc, the electricity generation company he took public in Octobe... Read More


Vitafoam reports surge in annual profit, declares N4 billion dividend, bonus shares

Nigeria, Dec. 29 -- Mattress manufacturer Vitafoam has turned the tables resoundingly on the performance woes that hammered operating profit and caused earnings to tank to its lowest in six years in 2... Read More


Access Holdings, Africa Prudential, VFD Group top stock pick this week

Nigeria, Dec. 29 -- Nigerian stocks are showing no sign of giving up their uptrend momentum any moment soon as their fourth successive weekly gain this month, reported last week, could serve as a hera... Read More


Seplat switches onshore assets to new fiscal regime

Nigeria, Dec. 23 -- Seplat Energy said it has wrapped up the conversion of its two onshore operations, Seplat West and Seplat East Onshore, to a new industry fiscal system that gives more room for out... Read More


Presco, Stanbic IBTC, Custodian Investment top stock pick this week

Nigeria, Dec. 22 -- The three consecutive gains so far recorded this month have further placed Nigerian stocks on a sound footing to deliver a more remarkable yield this time around, compared to last ... Read More