Femi Otedola, First HoldCo’s chairman, purchased 1.77 billion shares of the financial institution through his investment vehicle, Calvados Global Services Limited. According to a corporate filing from the Nigerian Exchange (NGX), Otedola acquired the First HoldCo shares for N222.20 billion…
Navigating fixed income opportunities requires balancing security against shifting yield returns. In a clear display of market liquidity, institutional investors flooded the latest CBN Treasury Bills auction yield drop, sending total subscriptions soaring to N3.62 trillion. The heavy demand pushed…
Protecting customer deposits against sophisticated digital fraud requires constant surveillance across modern payment channels. Strengthening security across electronic settlement systems, commercial lenders expanded the Nigerian banking sector fraud watchlist, blacklisting 13,117 unique Bank Verification Numbers. The recent update marks a…
Maintaining currency stability requires strict monetary control and sustained foreign exchange liquidity. Demonstrating the impact of recent policy measures, the local currency strengthened against the euro in official trading, showing how CBN high interest rates steady naira trading levels across…
Holding global energy corporations accountable requires transparent disclosure regarding historical industrial pollution. Freshly disclosed corporate records disclosed during United Kingdom legal proceedings have renewed scrutiny surrounding Shell Niger Delta environmental liabilities, shedding light on internal corporate warnings over aging pipelines…
Managing household budgets in a high inflation environment forces families to rethink how they borrow money. In a major shift for domestic retail finance, official data reveals a sharp Nigeria consumer credit contraction, with total outstanding personal and retail loans…
Protecting public health requires strict regulatory oversight and firm enforcement against illegal manufacturing. Moving to curb the illegal production of high-proof spirits, the National Agency for Food and Drug Administration and Control shut down three major manufacturing plants in Ogun…
Delivering steady shareholder returns amid economic volatility requires disciplined portfolio management and diversified income streams. Demonstrating strong execution across its investment banking operations, financial service group United Capital Plc posted an impressive performance in its United Capital H1 2026 earnings,…
Building a self-sustaining national economy requires making commercial credit accessible while unlocking agrarian productivity. Speaking at an annual leadership gathering in Abuja, opposition leader Peter Obi called for urgent policy reforms, proposing an agriculture interest-rate policy aimed at tackling inflation, supporting…
Sustaining shareholder value in dynamic markets requires strong operational execution and diversified income streams. Reflecting booming domestic equity participation, Nigerian Exchange Group Plc announced a impressive financial surge in its NGX Group H1 2026 earnings, delivering a 170 percent jump…
Strengthening a country’s healthcare delivery requires retaining top clinical talent while tapping into global expertise. During a State House reception in Abuja, President Bola Ahmed Tinubu issued a direct Nigerian diaspora doctors return call, urging medical professionals practicing overseas to…
Securing international funding for major urban transport systems requires passing detailed project evaluations. In a major step forward for urban mobility, the Lagos Metropolitan Area Transport Authority confirmed that the African Development Bank has formally started its appraisal process for…
Bridging the massive electricity metering gap in West Africa requires both technical hardware and a skilled workforce. To tackle this challenge, the Federal Government launched the Nigeria smart meter installer training program under its flagship Power Force initiative in Abuja.…
Securing large-scale private equity in energy markets requires demonstrating clear operational strength. In a major milestone for African capital markets, Dangote Petroleum Refinery and Petrochemicals has successfully concluded a $2.5 billion Dangote Refinery private placement. The private capital round attracted…
The Dangote Petroleum Refinery has restarted Naira Petrol Sales, abandoning its temporary dollar-based pricing while raising the ex-depot rate by ₦140 per litre. This follows a week of halted truck loading and dollar pricing that disrupted the downstream market and…
