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Investment

Nigeria Now Leading Cement Exporter In Africa – Dangote

Aliko Dangote Earned N5trn On NGX In H1 2026 – Nascon, Jaiz Bank Are His Best Performing Investments

August 31, 2026

Aliko Dangote, the founder of Dangote Group, earned N5.44 trillion in the Nigerian stock market in the first half (H1) of 2026, according to Prime Business Africa’s (PBA) analysis. Dangote recorded the

Femi Otedola Issues New Statement After Reports Of Transcorp Plc Acquisition

Business News·Top Stories

Why Femi Otedola’s Investment In First HoldCo Declined After Increasing Stake With N12bn Share Acquisition

August 24, 2026

Femi Otedola, the chairman and majority shareholder in First HoldCo Plc, has acquired 95.69 million shares of the financial institution on Monday, as the billionaire aims for 51 percent controlling stake. In

Femi Otedola Sells Geregu Shares After Plan To Acquire Transcorp Fails

Business News·Top Stories

Femi Otedola Increases Investment In First HoldCo To N1.68trn After Acquiring N20bn Shares

August 17, 2026

Femi Otedola, the chairman of First HoldCo, the parent company of First Bank of Nigeria (FBN), has acquired more shares in the financial institution, as the businessman strengthens his control over the

Business News·Top Stories

Access Holdings’ Revenue From Lending, Investments Drops To N895bn

July 14, 2026

Access Holdings recorded N895.03 billion in interest income, covering lending and investments, in the first quarter (Q1) of 2026, failing to replicate the N980.67 billion earned in Q1 2025, representing an 8.73

FBN Holding Appoints Otedola As Chairman Days After Return To Forbes African Billionaires

Business News·Top Stories

Femi Otedola Parts With N43bn To Tighten Control Over First HoldCo

May 14, 2026

Femi Otedola, the chairman of First HoldCo, has tightened his control over the financial institution by increasing his shareholding in the company. Otedola spent N43.41 billion to acquire 549.53 million shares of

Business News·FEATURES·Top Stories

Dangote Cement’s Fourth Largest Investor Reduces Stake, Takes Out N71bn From Investment

April 9, 2026

The fourth largest investor in Dangote Cement, GW Grey Pte Ltd, owned by Viswanathan Shankar, has reduced its stake in the manufacturer from 0.76 percent to 0.20 percent in March. Prior to

From Millionaire To Billionaire: MTN's Bullish Run Changes Karl Toriola's Net Worth Status

Business News·FEATURES·Top Stories

MTN Nigeria’s CEO Karl Toriola Increases Stake, Now Holds N3.68bn Investment In Telco

April 6, 2026

The group managing director (GMD) and chief executive officer (CEO) of MTN Nigeria, Karl Toriola, has increased his shareholding in the telecommunications company. Toriola increased his shareholding by 761,788 shares in 2025,

Currency·Finance & Economy·Markets·News·Nigeria·Top Stories

CPPE Warns Nigeria’s $6bn Capital Inflow Surge May Be Fragile Despite Rebound

February 24, 2026

Nigeria recorded a sharp increase in foreign capital inflows in the third quarter of 2025, but the Centre for the Promotion of Private Enterprise (CPPE) says the recovery may not be as

Business News·Top Stories

Rush For Palm Oil Stocks Creates New Trillion-naira Firms, Bumper Gains

February 16, 2026

The palm oil sector recorded a historical period in 2025, as the rush for the few producers on the Nigerian Exchange (NGX), also known as the stock market, birthed two trillion-naira companies

Business News·Top Stories

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

February 2, 2026

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

Tony Elumelu Parts With N633.14 million To Prevent Hostile Takeover In UBA

Business News·Top Stories

Tony Elumelu’s Influence: Seplat’s Share Hits Highest Price In Company’s History

January 23, 2026

Since Tony Elumelu, the chairman of United Bank for Africa (UBA), acquired 120,4 million shares in Seplat, the company’s shareholders have recorded a 15.33 percent increase in their investment value. Elumelu had

Business News·Top Stories

Austin Laz Founder Sells N227.76m Shares Amid Firm’s Revenue Woes

January 16, 2026

Austin Asimonye, the founder and chief executive officer (CEO) of Austin Laz & Co. has reduced his investment in the company amid the firm’s revenue woes. In a director dealing document released

Business News·Top Stories

VFD Group Takes Out N6.82bn From Investment In Abbey Mortgage Bank

January 1, 2026

VFD Group has reduced its stake in Abbey Mortgage Bank Plc from 33.82 percent to 22.98 percent. The majority shareholder reduced its stake after selling 1.10 billion shares on Wednesday, December 24,

Business News·Top Stories

Mike Adenuga Loses N94.60bn In Conoil Investment

July 29, 2025

In the first half (H1) of 2025, Mike Adenuga, a Nigerian business mogul, lost N94.60 billion in his investment in Conoil Plc, according to Prime Business Africa’s analysis. Adenuga holds indirect shares

Business News·Top Stories

Elumelu Family Gains N13bn From Investment In Transcorp, Now Holds N176bn

July 15, 2025

The investment of the Elumelu family in Transnational Corporation (Transcorp Plc) has increased by N13.15 billion in the second quarter (Q2) of 2025, following an 8.05 percent increase in the company’s share

Business News·Top Stories

Femi Otedola Reduces Investment In Geregu Power

July 14, 2025

Femi Otedola, the chairman of Geregu Power, has reduced his investment in the company, according to the unaudited interim financial statements for the first half (H1) of 2025, released by the firm

Business News·Top Stories

Aliko Dangote Loses N585bn As Investment In Dangote Cement Drops

July 10, 2025

The investment of Aliko Dangote in Dangote Cement dropped by N585.96 billion in the second quarter (Q2) of 2025, according to analysis by Prime Business Africa. Note that the billionaire holds 14.64

Business News·Top Stories

Abdul Samad Rabiu’s Investment In BUA Cement Rises To N3.15trn

July 9, 2025

Within three months, the investment of Abdul Samad Rabiu in BUA Cement increased by N386.97 billion, as the billionaire profited from the bullish sentiments of stock market investors in the second quarter

Business News·Top Stories

Mike Adenuga’s Investment In Sterling Bank’s Parent Company Drops By N615m

May 19, 2025

The investment of Mike Adenuga, the founder of Globacom, in Sterling Financial Holdings Company Plc, parent company of Sterling Bank, dropped in the first quarter (Q1) of 2025, according to analysis by

Business News·Top Stories

Nneka Onyeali-Ikpe’s Net Worth In Fidelity Bank Now N1.98bn After Increasing Shares

May 16, 2025

Nneka Onyeali-Ikpe, the managing director and chief executive officer (CEO) of Fidelity Bank, now holds N1.98 billion net worth in the financial institution after raising her shares by 25 million in 2024.

Business News·Top Stories

Segun Agbaje Makes N482.88m From GTCO’s Bullish Run

May 15, 2025

Segun Agbaje, the group managing director (GMD) of Guaranty Trust Holding Company (GTCO), saw his investment in the lender appreciate by 20.35 per cent between January 2 and May 14. According to

Business News·Top Stories

Wale Tinubu Loses N77bn In Five Months As Oando Struggles To Attract Investors

May 14, 2025

Wale Tinubu, the chief executive officer (CEO) of Oando Plc and a nephew of Bola Tinubu, the President of Nigeria, saw his net worth in the oil and gas company decline by

Business News·Top Stories

Femi Otedola Loses N27.8bn As Investments In First HoldCo, Geregu Fall

May 9, 2025

Femi Otedola, the chairman of Geregu Power and First HoldCo, has lost a total of N27.8 billion year-to-date, according to an analysis of his stock market investments by Prime Business Africa. The

Entrepreneurship·Personal Finance

Investment Ideas For Undergraduates In Nigeria

September 13, 2023

Are you an undergraduate student in Nigeria looking to explore investment opportunities while pursuing your education? Prime Business Africa has collated 10 investment ideas to guide you on your path to achieving

Seplat Energy, Total Lead List Of Highest Paying Companies In Nigeria

Business News

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