Business
FCMB Strengthens Capital Base with Listing of 3.16 Billion Additional Shares on NGX
FCMB Group Plc has listed 3.16 billion additional shares on NGX, boosting its market capitalization by N33.09 billion
30 September 2025
Investment
Business
Uber Injects N34 Billion Into Nigeria’s Economy in One Year, Report Shows
Uber contributed N34 billion to Nigeria’s economy in 2023, as drivers earned more and riders reported safety and convenience benefits
23 September 2025
Business
Holcim Exits Nigeria with $1 Billion Lafarge Africa Stake Sale to Huaxin Cement
Holcim has divested its Nigerian business, selling its 83.81% stake in Lafarge Africa PLC to Huaxin Cement for $1 billion, marking a strategic exit from Nigeria’s construction market.
30 August 2025
Business
Nigeria–China Maritime Strategy to Unlock $2 Billion Shipping Investment
Nigeria’s new maritime strategy with China targets $2 billion in vessel investment and over 2,000 jobs yearly.
7 August 2025
Business
BUA Cement Revenue Hits N876.5 Billion in 2024, Declares 94% Payout to Shareholders
BUA Cement’s revenue surged to N876.5 billion in 2024 as it ramps up capacity and expansion, declaring a 94% profit payout to shareholders at its AGM.
24 July 2025
Business
FCMB Backs $150m Louisville Tower In Eko Atlantic City
FCMB and TotalEnergies Cooperative are partnering to deliver Louisville Phase 1, a $150m sustainable mixed-use residential tower in Eko Atlantic City, Lagos.
21 July 2025
Business
Stanbic IBTC Shares Jump 17% in July
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.
18 July 2025
Business
Dangote Cement Declares N30 Dividend for 2024
Dangote Cement shareholders approve N30 dividend per share for FY 2024, totaling N506bn payout. Company posts N209bn Q1 profit
25 June 2025
Business
Access, Zenith, First Bank May Halt Dividends Until 2028 — Report
Access Holdings, Zenith Bank, and First Bank may halt dividend payments until 2028, following a CBN directive aimed at strengthening capital
17 June 2025
Business
Naira Devaluation Fails to Deter Investors as NGX Billion-Dollar Club Swells to 11
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.
13 May 2025
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