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Business - Page 741

Femi Otedola Issues New Statement After Reports Of Transcorp Plc Acquisition

Femi Otedola’s Investment In First HoldCo Now N362.48bn

Femi Otedola, the chairman of First HoldCo, has increased his stake in the financial institution by 6.32 percent, from 11.8 percent held at the end of 2024 to 18.12 percent as of December 31, 2025. In the company’s unaudited consolidated and separate

February 2, 2026

Business

AfDB Calls For Investments In Health Infrastructure From Private Sector

The African Development Bank Group (AfDB) has called for investments in health infrastructure from the private sector, development finance institutions and diaspora groups. Akinwumi Adesina, President of AfDB, made call at the 22nd ordinary session of the assembly of ECOWAS health ministers

November 15, 2021

Temi Popoola, the Chief Executive Officer of the NGX

Business

Capital Market Achieving Financial Inclusion For Nigerians – NGX CEO

Temi Popoola, the Chief Executive Officer of the Nigerian Exchange Limited (NGX), has disclosed that the capital market is achieving financial inclusion for Nigerians. Popoola, who made this known in an interview with ThisDay Newspaper, said: “Capital market is crucial in achieving

November 15, 2021

Business

Buhari Commends Elumelu For Training, Funding African Entrepreneurs

President Muhammadu Buhari has commended the Founder of the Tony Elumelu Foundation, Mr Tony O. Elumelu, on his remarkable vision in training, mentoring, and funding entrepreneurs from all 54 African countries, describing it as “a truly lasting legacy.” Buhari in a statement

November 12, 2021

AMA News·Business

Social enterprises could hold the key to a prosperous and equitable future for Africa

By Cathy Smith, Managing Director at SAP Africa LAGOS, Nigeria, 12 November, 2021 -/African Media Agency(AMA)/- As we continue rebuilding following the economic and social damage caused by the pandemic, there is ample opportunity for optimism. I am encouraged by the continent’s rich

November 12, 2021

Nigeria’s Crude Oil Production Surges To 1.3mbpd

Business

OPEC Revises 2021 Global Oil Demand To 5.7 Million Barrels Daily

The Organisation of the Petroleum Exporting Countries (OPEC) has revised the 2021 world oil demand forecast downward to 5.7 million barrels per day. This was contained in the OPEC’s Oil Market Report for November 2021 which was released on Thursday. The report read in

November 12, 2021

Nigeria's September Oil Production Hits 1.5 Million Barrels, Bolsters OPEC Output

Business

Nigeria Loses Africa’s Top Oil Producer Position To Libya

Nigeria, according to the Organization of the Petroleum Exporting Countries (OPEC’s) latest report, has lost its Africa’s top oil producer position to Libya as its crude oil production fell further last month amid lingering supply disruptions. The report read that Nigeria told

November 12, 2021

Business

FEC Approves 2021-2025 National Development Plan, Projects N348.7tn Investments

Vice President Yemi Osinbajo presided over the weekly Federal Executive Council (FEC) Meeting at the State House, Abuja, on Wednesday, November 10. The Council, during the FEC meeting, approved the 2021-2025 National Development Plan, which is a successor programme to the Economic

November 11, 2021

Business

Revenue Sharing: FG Proposes 3.13% Increase In LG Allocation

The federal government disclosed that it has proposed a 3.13 percent increase in revenue allocation to local governments. Boss Mustapha, secretary to the government of the Federation, who was represented by the Permanent Secretary, Political and Economic Affairs, Andrew Adejoh, disclosed this

November 10, 2021

Business

NBS: 36 States, FCT Recorded N849bn Revenue In 1H 2021

The 36 states and the federal capital territory (FCT), according to the National Bureau of Statistics (NBS‘) latest report, recorded N849.12 billion in Internally Generated Revenue (IGR) in the first half of 2021. The figure represented a 39 per cent increase year-on-year

November 10, 2021

Business

MTN, Airtel Lead Top Five Stocks As Investors Gain N252.41bn

MTN Nigeria Communications Plc and Airtel Africa Plc drove the top five stocks by value at the end of trading on the floor of the Nigerian Exchange Limited on Tuesday, with investors gaining N252.41bn. The NGX All-Share Index recorded a 1.12 per

November 10, 2021

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Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

U.S. President Donald Trump has threatened to impose 100 per

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Nigeria’s customs authority has introduced new rules for courier companies

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity

Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

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Business - Page 741

Femi Otedola’s Investment In First HoldCo Now N362.48bn

AfDB Calls For Investments In Health Infrastructure From Private Sector

Capital Market Achieving Financial Inclusion For Nigerians – NGX CEO

Buhari Commends Elumelu For Training, Funding African Entrepreneurs

Social enterprises could hold the key to a prosperous and equitable future for Africa

OPEC Revises 2021 Global Oil Demand To 5.7 Million Barrels Daily

Nigeria Loses Africa’s Top Oil Producer Position To Libya

FEC Approves 2021-2025 National Development Plan, Projects N348.7tn Investments

NBS: 36 States, FCT Recorded N849bn Revenue In 1H 2021

MTN, Airtel Lead Top Five Stocks As Investors Gain N252.41bn

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Femi Otedola’s Investment In First HoldCo Now N362.48bn

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UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

Femi Otedola’s Investment In First HoldCo Now N362.48bn

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