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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


Access Holdings to sell new shares in foreign currency in bid to raise N40 billion

Nigeria, Dec. 20 -- Access Holdings will tap the private placement market to draw privileged investors to its new capital raise programme, through which it plans to mobilise N40 billion in foreign cur... Read More


Otedola raises stake in First HoldCo to 16.9% with N15 billion new share acquisition

Nigeria, Dec. 19 -- Femi Otedola, the chairman of First HoldCo Plc, has further consolidated his position as the top shareholder of the financial services group, with his latest share purchase valued ... Read More


Transcorp, UBA, Linkage Assurance top stock pick this week

Nigeria, Dec. 15 -- Nigerian stocks sustained their uptrend last week, adding 1.6 per cent, driven by growing demand for consumer goods shares. Financial services stocks alone accounted for more than... Read More


Federal High Court reverses order granting AMCON enforcement of receivership over General Hydrocarbons

Nigeria, Dec. 13 -- The Lagos division of the Federal High Court has struck out an order for the Asset Management Corporation of Nigeria (AMCON) to enforce receivership over oil and gas firm General H... Read More


Nigeria's second-best performing stock to be acquired by London-based Helios Investment

Nigeria, Dec. 10 -- Talks to take over Beta Glass, Nigeria's second best-performing stock this year, by a new majority owner, Helios Investment Partners, has been completed with a deal reached to cons... Read More