Economy
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First HoldCo Tables ₦253 Billion Capital Raise for Shareholders’ Approval
May 19, 2026
First HoldCo Tables ₦253 Billion Capital Raise for Shareholders’ Approval
First HoldCo Plc is pushing for shareholders’ approval to raise up to ₦253 billion in fresh capital, as the financial…
Oando Stock Hits Limit-Up With +10% Surge on Heavy Trading Volume
May 18, 2026
Oando Stock Hits Limit-Up With +10% Surge on Heavy Trading Volume
Shares of Oando Plc surged to their daily maximum limit on Monday, closing with a 10% gain on the Nigerian…
Tony Elumelu Prepares to Step onto Seplat Board After $500M Stake Deal
May 18, 2026
Tony Elumelu Prepares to Step onto Seplat Board After $500M Stake Deal
Nigerian billionaire and Heirs Energies Chairman, Tony Elumelu, is set to join the board of Seplat Energy Plc following a…
DMO Auctions ₦600 Billion in Reopened Bonds as Yields Climb to 22.60%
May 18, 2026
DMO Auctions ₦600 Billion in Reopened Bonds as Yields Climb to 22.60%
Nigeria’s Debt Management Office (DMO) has launched an auction of ₦600 billion worth of reopened Federal Government bonds, with yields…
FG Launches Digital Platforms for Tax Ombud Office
May 18, 2026
FG Launches Digital Platforms for Tax Ombud Office
The Federal Government has unveiled digital platforms for the Office of the Tax Ombud (OTO) to strengthen transparency, accountability and…
T+1 Settlement Cycle to Boost Nigeria’s Capital Market Efficiency, Says Expert
May 18, 2026
T+1 Settlement Cycle to Boost Nigeria’s Capital Market Efficiency, Says Expert
Mr. Eric Akinduro, a former Chairman of Ibadan Zone Shareholders Association, has said that the adoption of the T+1 settlement…
Abdulsamad Rabiu Becomes Africa’s Second-Richest Person With $19bn Fortune
May 10, 2026
Abdulsamad Rabiu Becomes Africa’s Second-Richest Person With $19bn Fortune
BUA Group chairman Abdulsamad Rabiu has climbed to become Africa’s second-richest person after his net worth surged to $19 billion,…
Dangote Cement Emerges as Nigeria’s Most Valuable Listed Company
May 10, 2026
Dangote Cement Emerges as Nigeria’s Most Valuable Listed Company
Dangote Cement has emerged as Nigeria’s most valuable listed company following a strong rally in its share price, driven by…
Bonny Light Prices Rise Amid Iran-US Tensions at Strait of Hormuz
May 9, 2026
Bonny Light Prices Rise Amid Iran-US Tensions at Strait of Hormuz
Nigeria’s benchmark crude oil grade, Bonny Light, closed slightly higher on Friday as escalating tensions between Iran and the United…
NRS Accredits Afri Invoice as E-Invoicing System Integrator
May 9, 2026
NRS Accredits Afri Invoice as E-Invoicing System Integrator
Afri Invoice Nigeria Ltd. has secured accreditation from the Nigeria Revenue Service (NRS) as a system integrator for the country’s…