Nigerian Stocks Post Best Annual Performance in 18 Years
The Nigerian Exchange Limited (NGX) closed 2025 with an annual return of 51.2%, marking its strongest performance since 2007 and
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Meet Amaka Onwughalu, First Female Chairman at Fidelity Bank
Fidelity Bank Plc, a mid-size Nigerian lender established 37 years ago, has appointed Amaka Onwughalu as its first female chairman
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Seplat Shares Fall on First Trading Day After Heirs Energies’ Acquisition
The share price of Seplat Energy, a major Nigerian oil independent, dropped by 3.43 percent on Friday, the first trading
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Ex-ExxonMobil Executive Bows Out as MD of Seplat’s Newest Unit SEPNU
Oladotun Isiaka, who was appointed to lead a Seplat Energy subsidiary that emerged following the acquisition of assets from the
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Nigerian Stock Market Ends 2025 With Higher Return of 51%
The Nigerian equities market closed the year with a return of 51.18 percent, up from 37.65 percent in 2024, according
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Billionaire Tony Elumelu Becomes Seplat’s Biggest Shareholder as French Firm Exits
Heirs Energies, an indigenous integrated energy company owned by billionaire Tony Elumelu, has become the biggest shareholder in Seplat Energy
Read moreElumelu’s Heirs Energies Buys 20% Stake in Seplat for $500m
Heirs Energies, an indigenous integrated energy company, has acquired the entire 20.07% equity stake (120.4 million ordinary shares) previously held
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NNPC Profit Rises to N502bn in November Despite Revenue Drop
State-owned Nigerian National Petroleum Company (NNPC) saw its profit rise by 12.3 percent last month despite a decline in oil
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Tinubu Says New Tax Laws Will Take Effect as Planned Despite Alleged Changes
President Bola Tinubu has said the new tax laws, including those that took effect on June 26, 2025, and the
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Egypt Joins Forces with Afreximbank to Create Pan-African Gold Bank
The Central Bank of Egypt (CBE) and African Export-Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) for the
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