FCMB and TotalEnergies Cooperative are partnering to deliver Louisville Phase 1, a $150m sustainable mixed-use residential tower in Eko Atlantic City, Lagos.
Stanbic IBTC shares jump 17% in July, crossing 71% year-to-date return. Strong Q1 results and a new China Development Bank deal boost investor confidence.
Dangote Cement shareholders approve N30 dividend per share for FY 2024, totaling N506bn payout. Company posts N209bn Q1 profit
Access Holdings, Zenith Bank, and First Bank may halt dividend payments until 2028, following a CBN directive aimed at strengthening capital
Despite the naira’s devaluation, Nigeria now has 11 companies valued above $1 billion on the NGX, with more poised to join thanks to recapitalization and investor confidence.
Zenith Bank shareholders express frustration over CBN fines and rising taxes, warning that hefty penalties reduce dividends and strain investments.
MTN Nigeria declares N133.7 billion profit in Q1 2025, ending its loss streak; service revenue surges with strong data performance and increased investments.
Foreign investments in Nigeria surged 524% in January 2025, driven by CBN’s aggressive interest rate hikes. Portfolio inflows dominate, while FDI continues to decline.
Foreign investors acknowledge Nigeria’s macroeconomic reforms but raise concerns about oil volatility, capital repatriation risks, and high market costs at CBN’s investment forum in New York.
First Holdco Plc reports N781.88 billion pre-tax profit for 2024, with 125% growth. Femi Otedola increases shareholding to 11.8%. Gross earnings hit N3.21 trillion.
