| Date | Title | Description |
| 24.05.2025 | Fidelity Bank's Trillion-Naira Fall: A Wake-Up Call for Investors | Fidelity Bank Plc, a prominent player in Nigeria's banking sector, recently experienced a significant market cap drop, losing its coveted trillion-naira status. This decline serves as a stark reminder of how swiftly legal and regulatory dev... |
| 20.05.2025 | Fidelity Bank loses trillion-naira market cap after Supreme Court fine ruling | Fidelity Bank Plc, a tier-2 Nigerian commercial bank, has dropped out of the elite ₦1 trillion market capitalisation club, following a sharp decline in its share price triggered by a Supreme Court ruling.
As of market close on Tuesday, May ... |
| 20.05.2025 | Nigeria: FG - Rollout of N3.3tn 90,000km Fibre Lines, 7,000 Telecom Towers Begins Q4 2025 | Digital Economy Grew Ninefold in Q1 2024 — ·Edun: Capital market strategic in drive for $1tn economy
·Bagudu to World Bank: Nigeria's economic reforms on track
Deji Elumoye, Ndubuisi Francis and James Emejo in Abuja
The Minister of Communic... |
| 16.05.2025 | Digital Transformation in Nigeria: A New Dawn for Abia State and Airtel Africa's Strategic Moves | Nigeria stands at a crossroads. The digital landscape is shifting, and two major players are making waves: Abia State and Airtel Africa. Both are embarking on ambitious projects that promise to reshape the region's economic and technologica... |
| 14.05.2025 | Nigeria: Airtel Africa Commences Second Tranche of Share Buyback Programme | "Under this agreement, Barclays will act as riskless principal and will make decisions independently of the Company," the telco said.
Airtel Africa has commenced the second tranche of its $100 million share buyback programme, the ... |
| 14.05.2025 | Fidelity Bank reclaims trillion-naira market cap as stock rises to ₦21 | On Friday, April 4, 2025, Fidelity Bank Plc—a tier-2 Nigerian commercial bank—crossed the ₦1 trillion market capitalisation mark, joining the ranks of tier-1 banks such as Zenith Bank, Guaranty Trust Holding Company (GTCO), Access Holdings,... |
| 28.04.2025 | MTN Nigeria’s stock activity surges amid profit recovery hopes | Investor interest in MTN Nigeria’s shares surged in April 2025, fuelled by growing optimism that the country’s largest telecom operator will return to profitability in Q1 2025. The renewed confidence follows recent 50% price hikes, which an... |
| 15.03.2025 | PZ Cussons’ debt-to-equity conversion proposal fails to meet voting threshold following shareholder rejection | PZ Cussons Nigeria has announced that minority shareholders voted against the conversion of $34.26 million debt owed to its parent company, PZ Cussons Holdings, into equity.
This information was included in a disclosure signed by the compan... |
| 08.03.2025 | NGX Group constantly looking for opportunities to finance projects in Nigeria – Popoola | Nigerian Exchange Group (NGX Group) says it is constantly on the lookout for opportunities to finance projects in Nigeria and for capital raising.
The Group Managing Director and CEO of NGX Group, Temi Popoola, said the organization is comm... |
| 27.02.2025 | Uwaleke recommends listing of State-Owned Enterprises on NGX to fund development across Nigeria | Nigeria’s first Professor of Capital Market Studies, Professor Uche Uwaleke, has advised the federal government to list state-owned enterprises on the Nigerian Exchange (NGX) to fund development across the nation.
He made this known on Wedn... |
| 26.02.2025 | Nigeria has been courting Flutterwave to list on the NGX since 2023. Can it afford the fintech? | Nigeria has been lobbying Flutterwave, its most valuable startup, to list on the Nigerian Exchange (NGX) since 2023. The government believes a high-profile IPO could energise the country’s capital markets and attract other startups to follo... |
| 13.01.2025 | NGX alerts public to suspected fraudulent impersonator | The Nigerian Exchange Limited (NGX) has issued a public advisory regarding a suspected impersonator falsely claiming to be the Chief Strategist of NGX Group.
In a statement posted on its X handle on Monday, NGX warned the public about an in... |
| 28.12.2024 | Access Holdings and Juicyway: Two Titans Reshape Nigeria’s Financial Landscape | In the bustling world of finance, two stories stand out like beacons of innovation and ambition. Access Holdings Plc, a giant in Nigeria's banking sector, has achieved a remarkable milestone. Meanwhile, Juicyway, a rising fintech star, is p... |
| 27.12.2024 | Access Holdings becomes first financial holding company to meet CBN’s N500 billion minimum capital | Access Holdings Plc, the parent company of Access Bank, has secured “full regulatory approval” from the CBN and SEC for its Rights Issue.
The bank was the first of the FUGAZ to embark on a right issue earlier in the year where it sought to ... |
| 05.11.2024 | Nigeria: MTN Nigeria Plans N50 Billion Commercial Paper | MTN Nigeria hopes to use the cash to bridge the working capital gap in the short term.
MTN Nigeria is returning to the debt market to source N50 billion in commercial paper, the wireless operator said in a statement on Monday, its first sin... |
| 17.10.2024 | Flour Mills to invest $1 billion in Nigeria over four years to expand production facility | Flour Mills of Nigeria Plc, the country’s largest milling company, has announced plans to invest up to $1 billion over the next four years to expand its operations.
The company’s Chairman, John Coumantaros, disclosed this during an intervie... |
| 28.08.2024 | The Ripple Effect of Nigeria's Financial Landscape: Opportunities and Human Rights Concerns | Nigeria's financial landscape is a complex tapestry woven with ambition, competition, and human rights dilemmas. The recent surge in bank recapitalization efforts and the troubling case of a detained Binance executive highlight the dual nat... |
| 26.08.2024 | Investment bankers, lawyers could make $82million from bank recapitalisation as competition pressures fees | Intense competition amongst investment bankers, lawyers and accountants is driving fees down fees for the bank recapitalisation efforts, and banks are the biggest beneficiaries.
It was always going to happen. When Nigeria’s Central Bank ann... |
| 30.07.2024 | Court declares Julius Berger the sole ‘owner’ of Prime Design Limited following share deal | Story Highlights
The Federal High Court has declared Julius Berger Nigeria PLC as the sole shareholder of Prime Design and Engineering Nigeria Limited following a share transfer from Martin Brack.
The Corporate Affairs Commission (CAC) cont... |
| 08.04.2024 | Weekly Economic Index: Nigeria hikes electricity tariff, NGX invests in Ethiopian securities, and Zimbabwe new currency | Here are three big stories from Africa’s business and policy landscape you (probably) didn’t miss but should keep in mind this week: Nigeria increases electricity tariff by over 200%
Nigeria’s electricity regulator raised tariffs for high-c... |
| 04.12.2023 | Weekly Economic Index: Oppenheimer’s Nigerian takeover, Ethiopia’s debt relief, and crypto’s rebound | Last week was eventful for Nigeria and Africa. Here are three notable events you probably missed but should keep in mind this new week. Oppenheimer bought Nigeria’s biggest beverage can-maker
No, this post is not about the movie. The Oppenh... |
| 02.11.2023 | SecondSTAX partners with Nigerian Exchange Limited to drive institutional investment from across Africa into Nigeria’s capital markets | Share this:
Click to share on Facebook (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to email a link to a friend (Op... |
| 01.06.2023 | Ten most valuable Nigerian-owned companies on the stock market | Nigeria is Africa’s largest economy and investment destination for many multinational companies in the energy, FMCG, telecoms, agriculture and tech sectors, to mention the least. It has international companies like MTN, Airtel Africa, Nestl... |
| 17.04.2023 | Weekly Economic Index: Fresh conflict shuts down Sudan, Kenya now in Space, New malaria vaccine for Ghana. | Is Sudan on the brink of another civil war?
On Saturday, April 15th, a clash broke out in Khartoum between Sudan’s paramilitary Rapid Support Forces (RSF) and the army in an alleged power tussle. According to Reuters, the Sudanese Doctors’ ... |
| 03.04.2023 | Weekly Economic Index: Nigeria’s odd internet project, Microsoft’s Kenya layoffs, and MTN’s off-grid move | Here are three major stories from Africa’s business landscape you should keep in mind this week. Nigeria wants to splash on “free internet.”
The Federal Executive Council (FEC) has approved ₦24.2 billion ($52.57 million) to provide Internet... |
| 20.03.2023 | Weekly Economic Index: CBN yields to court orders, Emirates is done with Nigeria, Gaddafi’s missing uranium | CBN bows to the Supreme Court’s order
After six long weeks of naira swap tussle, the Central Bank of Nigeria (CBN) finally bows to the Supreme Court’s order to extend the deadline for the use of old naira notes to December 31, 2023. Nigeria... |
| 20.02.2023 | Weekly Economic Index: Microsoft restricts Bing AI chat, Egypt’s state assets for sale, cash scarcity protests in Nigeria. | Microsoft nips Bing AI in the bud
Last week, Microsoft announced plans to implement conversation limits to its chatbot- Bing AI to make it more helpful to users. Quoting the tech giant, The Verge reported that data has proven that the “vast... |
| 06.02.2023 | Weekly Economic Index: Cash scarcity in Nigeria, the rise of Starlink, and the end of Tech Nation | Welcome to the start of another week and the first Weekly Economic Index for February. As usual, here’s a quick roundup of our top three events of last week and why they matter. The naira is the new oil
Cash is the new oil in Nigeria. Not l... |
| 09.12.2022 | MTN Nigeria rated most compliant listed company | MTN Nigeria CEO Karl Toriola.
As the year draws to an end, MTN, Africa’s biggest telco, is making amends in dealing with financial institutions in Nigeria.
This has seen the telco picking up awards from entities with which it previously had... |
| 19.09.2022 | Weekly Economic Index: 238 Nigerian tech startups raised $2b in seven years | A new report shows 238 Nigerian tech startups raised over $2b in seven years. According to the report by Disrupt Africa, the number exceeds what any other African country received within the same period. The report further stated that 107 N... |
| 29.08.2022 | Weekly Economic Index: Nigeria’s oil sector shrinks 12% amid slow economic growth | Nigeria’s oil sector shrunk by 12 per cent in the second quarter of this year, per its statistics bureau. A report by the National Bureau of Statistics (NBS) released on Friday shows that oil production declined to 1.43 million barrels per ... |
| 22.08.2022 | Weekly Economic Index: Ghana’s Cedi drops to become the world’s second worst-performing currency | According to a currency performance ranking by Bloomberg, Ghana’s cedi dropped 1.1 per cent to trade at 9 Gh cedi/$1. The fall of the currency is due to demand for forex as it overtook supplies during a period when high debts and low invest... |
| 08.08.2022 | Weekly Economic Index: Nigeria owes its central bank $47 billion | Nigeria owes its central bank N20 trillion ($47 billion) and the obligations are yet to be added to the nation’s outstanding public debt, according to a report by the budget office. Nigeria’s budget office stated this in a document on its w... |
| 04.07.2022 | Weekly Economic Index: The World Bank says more Nigerians may fall into poverty this year | Nigeria’s economy is likely to enter a deep recession. According to World Bank’s Nigeria Development Update (NDU), the economy is in a paradox as growth prospects increased alongside an increase in inflationary and fiscal pressures in the l... |
| 04.04.2022 | Top performing stockbroking firms in Nigeria for March 2022 | --> -->
Cardinalstone, Stanbic IBTC, and Cordros Securities led the chart of the top-performing stockbroking firms in the month of March 2022, as the top 10 firms traded in stocks valued at N101.32 billion in the review month.
The val... |
| 11.02.2022 | Nigerian stock exchange wants to attract tech IPOs with new listing rules | Nigeria has set in motion what could herald a new dawn for African tech startups as it moots the adoption of new listing rules to encourage tech companies to go public.
This story was contributed to TechCabal by Seth Onyango/bird
The Nigeri... |
| 24.11.2021 | MTN Nigeria Launches Book-Building Ahead of IPO | Book Building helps companies determine the price of their shares.
Telco giant MTN Nigeria Communications Plc has launched an equity book-build to qualified investors ahead of the sale of 575 million ordinary shares in MTN Nigeria held by M... |
| 05.11.2021 | MTN Group to sell $245m-worth shares of Nigerian subsidiary | South Africa-based MTN Group has announced plans to sell 575 million shares of its most profitable subsidiary MTN Nigeria, which went public in Lagos in 2019.
“Today we announce our intention to proceed with a public offer for sale of up to... |
| 16.10.2021 | Nigerian Exchange Group valued at $85 million after Lagos listing | The group, which is majority owned by stockbrokers and comprises the Nigerian Exchange, NGX Regulation and NGX Real Estate, climbed 10% from its listing price of 16.15 naira each after the float went live.
The NGX group listed 1.96 billion ... |
| 22.09.2021 | NGX to host inaugural TechNovation conference | --> -->
Nigerian Exchange (NGX) Limited is set to host the inaugural edition of its TechNovation Conference on Thursday, 30 September 2021.
NGX TechNovation Conference is a flagship event that provides a platform for local and global ... |
