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UBA, Mutual Benefits, Lafarge Africa top stock pick this week

Nigeria, Jan. 12 -- Nigerian stocks sustained its strong start to the year last week as the main equity index added 3.7 per cent, driven by gains from industrial goods and oil & gas equities. All the ... Read More


First HoldCo appoints new board members across subsidiaries

Nigeria, Jan. 11 -- First HoldCo Plc has announced the appointment of new members to the boards of directors of some of its subsidiaries. The financial services group stated in a regulatory filing th... Read More


Oyedele reacts to KPMG's review of Nigeria's tax laws

Nigeria, Jan. 10 -- The chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has faulted the concerns raised by KPMG about Nigeria's new tax laws, saying the bulk of th... Read More


Nigeria's GDP to grow by 4.3% in 2026 - PwC

Nigeria, Jan. 9 -- Nigeria's gross domestic product (GDP) is expected to enlarge by 4.3 per cent in 2026, backed by expanding services, a steady improvement in oil and non-oil exports as well as incre... Read More


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