Otedola's First HoldCo Stake Tops $530m on Record Share High
Femi Otedola's 20.42% stake in First HoldCo is now worth about $530 million after shares surged 9.98% to a record N79.35, driven by strong earnings and investor confidence.
Category : Business
Dangote Refinery Terminal Hits 1,100 Tanker Calls
Dangote Refinery's offshore terminal has recorded over 1,100 tanker calls since operations began, marking a major milestone in Nigeria's refining capacity.
TVS Partnership: Long-Term Bet on Nigeria Mobility
TVS Motor's partnership with Enviable is a strategic long-term bet on Nigeria's growing mobility market, leveraging local manufacturing and distribution.
Transcorp Power Resilient H1 2026 Amid Sector Challenges
Transcorp Power Plc announced a resilient H1 2026 performance, with revenue up 15% to N58.7 billion, despite sector challenges. Profit after tax rose 8% to N12.3 billion.
South Africa 2026 Visa Fees Released, Converted to Naira
South Africa has disclosed official visa fees for six categories in 2026, with costs ranging from $36 to $127, converted to naira for Nigerian applicants.
Peter Thiel tops LA rich list with $24B fortune in 2025
Peter Thiel is now the richest man in Los Angeles with a net worth of ~$24 billion, rising from 24th place in 2020. The list includes Spielberg, Geffen, and Snap founders.
CBN Sets New Compliance Standards for BDCs to Improve FX Market
The CBN has issued new regulatory guidance directing BDC operators to return unutilised FX within 24 hours, launched a centralised tracker, and banned third-party transactions to enhance transparency.
From Telco to Techco: Connectivity Is No Longer Enough
Telecom operators must evolve into tech companies (techcos) to survive, as connectivity becomes a commodity. Diversification into digital services, cloud, and fintech is key.
Nigeria UAE Visit Visa: Salary Requirements and Fees 2026
GDRFA Dubai clarified salary thresholds for UAE residents sponsoring family or friends on visit visas. Fees, documents, and processing times detailed.
Top 10 Business Hotels in Nigeria 2026
Discover the top 10 business hotels in Nigeria for 2026, ranked by guest ratings. Find the best accommodations for corporate travelers across Lagos, Abuja, and other key cities.
FG Denies Plan to Ban Raw Cocoa Exports, Pushes Value Addition
The Nigerian government has clarified it has no plan to ban raw cocoa exports, but is promoting value addition to boost local processing and revenue.
FG, Dangote Refinery Talks to End Dollar Fuel Sales, Restore Naira
The Federal Government is negotiating with Dangote Refinery to reverse dollar pricing for petroleum products, aiming to restore naira sales through increased crude supply under a naira-for-crude arrangement.
SFS REIT Reports 29% Rise in H1 2026 Net Income Despite Cash Outflows
SFS REIT announced a 29% increase in net income for H1 2026, reaching N1.2 billion, despite significant cash outflows from financing activities.
Nigerian Money Market Funds: Best Emergency Fund Upgrade
Nigerian money market funds offer higher returns than savings accounts while maintaining liquidity, making them ideal for emergency funds. Experts recommend them for short-term goals.
Strategic Leadership Impact on Business Performance
Strategic leadership is crucial for enhancing business performance. Effective leaders drive growth through vision, decision-making, and employee engagement.
Dangote Secures $2.5bn in Private Placement Ahead of Refinery IPO
Dangote refinery raised $2.5bn via private placement, oversubscribed with $4bn demand. IPO planned as early as August, potentially Africa's largest listing.
AEDC Announces Weekend Power Outage in Abuja Affecting Key Facilities
AEDC announces a two-day power outage in Abuja over the weekend, affecting the State House, DSS, Supreme Court, National Assembly, and other high-profile areas due to tower relocation.
BOA, FG Launch Scheme to Boost Grain Output to 25m Tonnes
The Bank of Agriculture and the Federal Government launch a financing scheme targeting 25 million tonnes of grain output, aiming to enhance food security and reduce imports.
Fresh Petrol, Diesel, Gas Shipments Land in Nigeria
Fresh petrol, diesel, LPG and aviation fuel shipments arrive at Lagos, Warri and PH depots. Dangote Refinery suspension pushes ex-depot petrol prices to ₦1,200 per litre.
Russia Lists Only 3 African Countries for Its Unified eVisa 2026
Russia's unified e-visa for 2026 is available to only 63 countries, with just three African nations: Eswatini, Kenya, and Zimbabwe. Conditions include a 30-day stay, no invitation letter, and a non-refundable fee.
Top 7 African Nations Drawing Luxury Tourists Amid Visa Denials
As Schengen visa denials surge, luxury travelers pivot to Africa. South Africa, Morocco, Kenya, Tanzania, Rwanda, Botswana, and Mauritius lead in attracting high-end tourism.
Access Bank Wins 16 Euromoney Honours for Strategy and Innovation
Access Bank earned 16 Euromoney awards, including Best Bank in Nigeria, for its strategic innovation and social impact, reinforcing its global standing.
African Countries Eligible for Tunisia Visa-Free Entry 2026
Tunisia grants visa-free access to citizens of 21 African countries for stays up to 90 days, with an eVisa system in development for other travellers.
Dangote Refinery Raises $2.5B Private Placement
Dangote Refinery has secured $2.5 billion through a private placement, a major step before its planned initial public offering (IPO), according to company officials.
Iran Lists 6 African Countries for Visa-Free Tourist Entry
Iran has published a list of 27 countries whose citizens can enter without a visa for tourism, including six African nations: Tunisia, Mauritania, Tanzania, Zimbabwe, Mauritius, and Seychelles.
NiMet Predicts 3-Day Rains and Sunshine Across Nigeria
NiMet forecasts a mix of sunshine, cloud cover, and rainfall across Nigeria from Saturday to Monday, with thunderstorms in several regions and safety advisories issued.
Apple Overtakes Nvidia as World's Most Valuable Firm
Apple reclaimed the title of the world's most valuable company, reaching a $4.88 trillion market cap on July 17, 2026, surpassing Nvidia's $4.72 trillion.
CBN: Diaspora Remittances to Hit $1bn Monthly by End of 2026
CBN Governor Yemi Cardoso projects diaspora remittances will reach $1 billion monthly by end of 2026, up from $600 million currently, as reforms boost inflows and external reserves top $52 billion.
Kenya Plans Golden Visa for Nigerian and Global Investors
Kenya is developing a residency-by-investment programme targeting foreign investors, including Nigerians, to boost capital inflow and startup funding.
Coronation Merchant Bank Wins Euromoney Award for DCM
Coronation Merchant Bank has been named Nigeria's Best Investment Bank for Debt Capital Markets at the Euromoney Awards, highlighting its leadership in DCM transactions.
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