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First HoldCo Reports $1.7 Billion in Gross Earnings Under Otedola’s Leadership

First HoldCo, led by Femi Otedola, reports $1.7 billion in nine-month earnings as reforms strengthen assets and equity.
News

Nigeria Recovers 90 Mining Sites, Generates N28 Billion in 2024

Nigeria recovered 90 mining sites and generated N28 billion in 2024, signalling a stronger policy focus on mining sector revenue and reform

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Business

Femi Otedola Sells ₦9.3 Billion Worth of Geregu Power Shares

Femi Otedola sells part of his Geregu Power stake worth ₦9.3 billion but maintains control as the company remains a key power market player.
Business

Dangote Plans to List Up to 10 Percent of Refinery Shares

Aliko Dangote plans to list refinery shares and expand output to 1.4 million barrels per day through global partnerships and investment.
Business

Moniepoint Raises $90 Million to Boost Global Expansion

Moniepoint raises $90 million to expand across Africa and Europe, strengthening its position as a leading force in African fintech innovation.
Business

Johnvents Launches ₦100 Billion Paper for Cocoa Expansion

Johnvents launches ₦100 billion commercial paper to expand cocoa processing, deepen exports, and strengthen Nigeria’s agribusiness capacity.
Business

Adebayo Ogunlesi Charts Africa’s AI Course From Roots

Adebayo Ogunlesi joins OpenAI and backs its African AI academy, channeling his infrastructure acumen into capacity building in Lagos and continental AI ambition.
Business

Nigeria’s Crude Output Reaches 454 Million Barrels in Nine Months

Nigeria’s crude oil production reached 454.28 million barrels in nine months, driven by condensate output despite periodic disruptions and maintenance delays
Business

Foreign Investors Back Nigeria’s Reform-Driven Economic Outlook

Investors at a Washington forum back Nigeria’s economic reforms, citing stronger FX markets, record reserves, and sustainable growth targets.
Business

Stanbic IBTC Backs UAC’s Full Takeover of CHI Limited

Stanbic IBTC backs UAC’s CHI Limited acquisition in a landmark deal set to reshape Nigeria’s fast-moving consumer goods market.
Business

Transcorp Power Reports 38 Percent Revenue Jump

Transcorp Power posts 38 percent revenue growth and 17 percent profit rise, reflecting higher power generation, cost efficiency, and expanding asset base.
Business

Seplat Co-Founder Austin Avuru’s Stake Surges Past $200 Million

Austin Avuru’s Seplat stake climbs to $202 million as the energy firm’s shares rise 10%, lifting its market value to $2.4 billion.
Business

Peter Obi Slams “Inhumane” Demolitions, Urges Government

Peter Obi condemns inhumane demolitions across Nigeria, warning they worsen poverty and threaten the economic stability of millions.
Business

Abdul Samad Rabiu’s Net Worth Rises to $7.9 Billion

Abdul Samad Rabiu’s fortune climbs to $7.9 billion, lifted by the naira’s rebound and strong BUA Group performance.
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Latest articles

News

First HoldCo Reports $1.7 Billion in Gross Earnings Under Otedola’s Leadership

First HoldCo, led by Femi Otedola, reports $1.7 billion in nine-month earnings as reforms strengthen assets and equity.
News

Nigeria Recovers 90 Mining Sites, Generates N28 Billion in 2024

Nigeria recovered 90 mining sites and generated N28 billion in 2024, signalling a stronger policy focus on mining sector revenue and reform
Business

UBA Third-Quarter Profit Reports ₦537.5 Billion Profit

UBA posts N537.5 billion profit in Q3 2025, boosting its capital strength and reaffirming investor confidence through disciplined growth and recapitalisation.
Politics

Power Minister Adelabu Disburses N100 Million Grants to Oyo Traders

Adebayo Adelabu launches N100 million empowerment programme in Oyo State to support traders, farmers, and artisans amid economic hardship.

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