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Otedola Raises First HoldCo Stake to 26.6% With Fresh N12.6bn Investment

KEY POINTS Otedola bought another 95.69 million First HoldCo shares for N12.58 billion. His total stake has risen to about 12.23 billion shares, or 26.6 percent. His First HoldCo holding is now worth approximately N1.61 trillion. Femi Otedola, chairman of First HoldCo Plc, has further...
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Suspected Lakurawa Fighter Linked to Niger Mosque Attack

KEY POINTS A suspected Lakurawa fighter identified as Mar Dego has been linked by local sources to Friday’s mosque attack in Dekera, Niger State. Gunmen reportedly abducted several worshippers during prayers. Community leaders are calling for increased security presence as authorities have yet to...

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Otedola’s FirstHoldCo surges 32 percent to lead Nigerian bank stocks

Femi Otedola's FirstHoldCo has surged 32 percent in a month to leave GTCO, Zenith, Access and UBA behind as Nigeria's best-performing tier-one bank stock.
Business

BOI, RMRDC sign MoU to boost Nigeria agric value chain

Bank of Industry and RMRDC have signed a memorandum of understanding to add value to Nigerian raw materials and keep more wealth inside the economy.
Business

FirstBank sponsors GTR West Africa 2026 in Lagos this week

FirstBank has signed on as a sponsor of Global Trade Review West Africa 2026, a two-day Lagos conference pulling together 450 delegates from 15 countries.
Business

Nigeria exports 55.39m barrels as Dangote chases feedstock

Nigeria exported 55.39 million barrels in the first two months of 2026 as the Dangote refinery scrambled for feedstock and leaned on imported crude.
Business

Cosmas Maduka deepens Asia Star electric bus partnership

Cosmas Maduka, founder and president of Coscharis Group, is deepening his partnership with Chinese bus manufacturer Asia Star following the delivery of 20 Coscharis electric buses to the Abia State government, the first batch of a broader rollout targeting public transport in southeastern Nigeria.
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Segun Ogunsanya launches CycleFlow to unlock MSME financing

Segun Ogunsanya, former group chief executive of Airtel Africa, has launched CycleFlow, an IFC-backed supply chain finance platform targeting $25 billion to $30 billion in annual financing for Nigeria's micro, small and medium enterprises.
Business

Dangote lines up advisers for pan-African refinery IPO

Aliko Dangote has appointed three financial advisers to lead a pan-African initial public offering of Dangote Petroleum Refinery and Petrochemicals Fze, targeting listings across multiple African exchanges in what analysts project will become the largest equity offering in African stock exchange history.
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Taiwo Afolabi appoints son LAX to SIFAX Logistics

Taiwo Afolabi, the Nigerian billionaire who chairs SIFAX Group, appointed his son Damilola Afolabi, known professionally as LAX, as executive director of SIFAX Logistics on April 10, the same day the Afrobeats singer turned 33.
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Presidency Clarifies ₦3.3tn Debt Settlement Plan for GenCos

KEY POINTS The Presidency clarified that the ₦3.3 trillion GenCos debt settlement approved by...
Business

Williams commissions Tetracore CNG station in Benin City

KEY POINTS Dr. Olakunle Williams commissioned Tetracore Energy Group's new CNG station in Uwusan,...
Business

Otedola, Dangote Applaud Tinubu’s Economic Reforms, Express Optimism About Nigeria’s Future

KEY POINTS Femi Otedola and Aliko Dangote met President Tinubu in Lagos on Easter...
Business

EU Partners Nigeria’s 3MTT Programme to Scale Digital Skills and Launch Talent Network

The European Union has partnered with Nigeria's 3MTT Programme to scale digital skills training and connect talent to real employment opportunities
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Business

Otedola Raises First HoldCo Stake to 26.6% With Fresh N12.6bn Investment

KEY POINTS Otedola bought another 95.69 million First HoldCo shares for N12.58 billion. His...
News

Suspected Lakurawa Fighter Linked to Niger Mosque Attack

KEY POINTS A suspected Lakurawa fighter identified as Mar Dego has been linked by...
News

Troops Intercept Gun Runners, Rescue Six Kidnap Victims in Zamfara

KEY POINTS Troops arrested three suspected gun runners in Zamfara. An AK-103-2 rifle and...
News

Lagos Electrician Alleges Four-Day Police Detention, ₦45,000 Extortion Over Missing Phone

KEY POINTS Lagos electrician Sunday Moses Olugbemi alleges police detained him for four days...