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.
Transcorp Hotels Plc declares a total dividend of N7.57 billion for 2024, reflecting its strong revenue growth, profitability, and improved guest experience.
GTCO leads Nigeria’s banking sector in Q1 2025 with the highest share price, while Zenith Bank follows closely.
Federal government launches two tax-free Savings Bonds with annual returns of 17.23% and 18.23% with two unique 2-year and 3-year Savings Bond
Access Bank strengthens its South African presence by acquiring Bidvest Bank, aligning with its vision to be Africa’s gateway to global markets
UBA Group Chairman Tony Elumelu signs a landmark agreement in Paris, advancing the bank’s operations in France
UBA moves for recapitalization and expansion of business operations via offering of rights issue to new and existing shareholders
Access Holdings Plc, parent of Access Bank, has acquired a majority stake in Afrasia Bank Limited, Mauritius, enhancing its trade finance capabilities
