First HoldCo has overtaken Zenith Bank as the highest-valued banking institution on the Nigerian Exchange (NGX), ending Monday’s trading session with a market capitalization of ₦4.797 trillion. According to market data analyzed by TheCable, First HoldCo’s valuation edged past Zenith…
The local equities exchange started the third week of July on a remarkably strong note as renewed investor optimism swept through trading floors. Strategic accumulation of industrial and financial assets pushed total NGX market capitalization growth up by 1.76 trillion…
Finding reliable income options remains a top priority for investors navigating Nigeria’s shifting economy. In a recent market filing, the Coronation Infrastructure Fund delivered reassuring news by posting a strong net income of 791.5 million naira for the first half…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) have stated that marketers have temporarily halted loading petrol at the Dangote refinery. IPMAN’s Western Zone Chairman, Oyewole Akanni, verified the situation during an interview with the News Agency of Nigeria (NAN).…
Finding quality shelter remains a major hurdle for urban families across Nigeria. However, state leaders are stepping up to bridge the deficit. The Enugu State Executive Council recently approved the construction of 19,000 new Enugu affordable housing units across two…
Global commodity markets are notoriously unpredictable. Even the most successful business leaders cannot control sudden macroeconomic shifts. Recently, South African mining billionaire Patrice Motsepe experienced this harsh economic reality firsthand. His personal net worth dropped significantly within just a few…
Aliko Dangote, Africa’s wealthiest man, has nearly finalized a $2.5 billion private share sale for the Dangote Petroleum Refinery, preceding what is expected to become the continent’s biggest initial public offering (IPO). Insider sources familiar with the development have revealed…
The rise of massive tech companies across the continent is no longer a random accident. Instead, a distinct pattern has emerged showing that specific local institutions serve as factories for high-profile builders. A comprehensive study on startup ecosystems recently revealed…
The Electoral Committee of the Nigerian Bar Association (ECNBA) is executing an extensive digital upgrade for its national polls. To achieve this goal, the legal association has invested millions of naira into its voting infrastructure. The primary focus of this…
Focus Key Phrase: Abuja airport cargo inspections Importers and logistics managers in Nigeria have long struggled with slow clearance times at major entry points. To solve this persistent issue, the Nigeria Customs Service is introducing a modern technological solution. This…
Amaka, an aspiring fashion designer in Lagos, was absolutely thrilled when she officially registered her boutique in 2016. To her, corporate incorporation felt like the ultimate seal of professional legitimacy. However, in her intense focus on daily sales and sourcing…
David, an IT consultant from Lagos, spent years tracking space exploration news with genuine passion. He celebrated every rocket launch like a local sports victory. When the opportunity finally arrived to buy into the commercial space giant, he invested a…
For Chioma, a business owner based in Lagos, preserving her company’s capital is a daily battle against rising inflation. Consequently, she constantly searches for safe financial instruments that can offer decent returns without high risks. This morning, Chioma found a…
Tunde, a businessman from Lagos, felt a sharp pang of anxiety as he stared at his bank balance. His daughter is currently studying at a university in London. Just last month, sending her monthly living allowance required a heavy financial…
Dangote Refinery has suspended the sale of petrol otherwise known as premium motor spirit in Naira for gantry loading, setting the price at $0.779, or approximately N1,075 per litre for PMS. In a notice distributed to clients by the company’s…
