Otedola Acquires N14.8bn First HoldCo Shares, Stake Hits 18%
Billionaire Femi Otedola consolidates control of First HoldCo, buying N14.8bn shares to raise his ownership stake above 18%. Discover the details of this strategic move.
Billionaire Femi Otedola consolidates control of First HoldCo, buying N14.8bn shares to raise his ownership stake above 18%. Discover the details of this strategic move.
Oracle shares, a barometer for AI market sentiment, swing wildly amid project financing concerns and a major TikTok deal. Discover the risks and rewards of the AI infrastructure boom.
A Nigerian lady's hilarious encounter with a fake prophet at Tejuosho Market goes viral. She shut down his false prophecy about her late father, sparking reactions and similar stories online.
The Naira depreciated against the US dollar, closing at N1,455.49/$1 in the official market. Pressure mounts due to reduced FX inflows and limited CBN intervention. Get the latest rates and analysis.
The Nigerian equities market sustained its bullish trend on Wednesday, December 17, with investor wealth increasing by N244.62 billion. Key stocks like FirstHoldCo and Mecure drove the rally. Read the full analysis.
Lagos prepares for Traders Fair 2026 on April 10. Join top finance experts for seminars on Forex, Stocks, AI, and networking. Free entry at Lagos Continental Hotel.
The exchange rate gap between Nigeria's official and parallel markets widened to N25 as the naira depreciated. Discover the causes and CBN's response to the seasonal dollar demand surge.
Asian equities drifted lower as investors await a likely US interest rate cut. Debate intensifies on whether the Federal Reserve can sustain easing into 2026 amid stubborn inflation.
The Nigerian Exchange closed the first week of December positively, with investor wealth rising by nearly N1 trillion. The All-Share Index gained 1.08% as market sentiment remained strong. Discover the top gainers and most traded stocks.
The Naira faced fresh pressure on Thursday, depreciating in both official and parallel markets. The Central Bank of Nigeria's new rate shows a widening gap with the black market. Read the full analysis.
At the PEARL Awards 30th anniversary, leaders like Udoma Udo Udoma and Governor Peter Mbah emphasized transparency and innovation in Nigeria's capital market as key to sustainable growth and infrastructure development. Discover the insights.
Asian markets closed the week with mixed results as investors await key US inflation data and the Federal Reserve's interest rate decision next week. Get the latest market analysis and figures.
Asian markets lost early gains despite strong Fed rate cut bets. Tokyo rose, but Hong Kong, Shanghai, and Seoul fell. Get the latest on global market volatility.
A devastating fire swept through Abuja's Jabi wood market, destroying shops and goods worth millions of naira. Firefighters contained the blaze with no casualties reported. Traders appeal for government aid.
A devastating fire destroyed the popular Jabi Wood Market in Abuja early Wednesday. Traders lost millions in property. No casualties reported. Read more on the response and calls for aid.
The Nigerian Exchange closed positive on Tuesday, December 2, 2025, with investors gaining over N1.29 trillion. The All-Share Index rose by 1.20%. Read the full market analysis.
The Nigerian naira depreciated against the US dollar on Monday, December 1, dropping to N1,448.44/$1. Despite rising foreign reserves, currency pressure persists. Full details inside.
The Securities and Exchange Commission (SEC) Nigeria is transforming the capital market with new laws, investor protection, and tech. Market cap hit N91.3 trillion in November 2025. Discover the blueprint for economic prosperity.
Bismarck Rewane predicts Nigerian stock market capitalization could surge to N262 trillion next year, driven by major listings like Dangote Refinery and NNPC. Discover the growth trajectory.
Nigeria's capital market transitions to T+2 settlement cycle, signaling global readiness and enhancing investor confidence. Learn how this reform positions Nigeria for international competitiveness.
Nigerian stock market declined 0.49% Wednesday as investors reacted to CBN's decision to maintain 27% MPR. Market capitalization lost N444 billion. Read full analysis.
Governor Seyi Makinde commissions Omituntun Ultramodern Market in Omi Adio, featuring 406 shops and 56 stalls. The project aims to transform trading in Oyo State.
Asian markets surge as Federal Reserve officials signal December rate cut. Tech stocks lead rally while weakening labor market shifts Fed focus from inflation concerns.
Investors on the Nigerian Exchange lost a staggering N2.1 trillion in one week as the market closed low. Discover the top gainers, decliners, and key market trends.
Segun Adewunmi Gabriels receives honorary doctorate and Most Innovative Entrepreneur award at Peace Achievers International Awards 2025. Discover how he's reshaping Nigeria's entertainment landscape.
Nigerian equities extended losses as market capitalization fell by N292 billion. 38 stocks declined while only 14 gained. Read full analysis of market performance.
Asian markets faced steep losses as tech giants like SoftBank plunged over 10% amid growing AI bubble concerns. Get the latest market analysis and investment insights.
Asian markets surged as Nvidia's blockbuster earnings report calmed fears of an AI bubble, overshadowing Federal Reserve concerns about persistent US inflation. Get the latest market analysis.
Edo State market women protest eviction notice for Oba Market renovation. They demand proper relocation plans from the government. Read their full story.
Asian markets staged a recovery on Wednesday, November 19, 2025, as all eyes turned to Nvidia's earnings report amidst growing fears of an AI-driven stock market bubble. Discover the key figures and expert analysis.