Nigeria’s biggest commercial banks have spent a total of ₦442 billion on the Asset Management Corporation of Nigeria (AMCON) levy in the first half of 2025, representing a 34 percent …
Capital Market
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BankingCapital MarketCorporate AffairsEconomyFinanceNigeriaRegulation
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BusinessCapital MarketEconomyFinanceINVESTMENTNigeria
NGX extends rally as investors gain ₦786bn amid strong performance in Seplat
Investors in the Nigerian Exchange Limited (NGX) kicked off the week on a positive note as bullish trading on Monday lifted the market capitalisation by ₦786bn to close at ₦91.9tn, …
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BankingCapital MarketEconomyINVESTMENTNewsNigeria
Investors Seen Trading Cautiously Ahead of Bond Auction, Say UBA Dealers
Traders at United Bank for Africa (UBA) have projected that cautious investor sentiment will continue to dominate the Nigerian fixed income market this week as attention shifts to Monday’s bond …
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BankingBusinessCapital MarketEconomyFinanceINVESTMENT
Otedola Acquires Over N2bn Shares in First HoldCo to Consolidate Stake
First HoldCo Plc has announced insider share dealings involving its Chairman, Mr. Olufemi Otedola, and his affiliated company, Calvados Global Services Limited, with the joint acquisition of 64.8 million shares …
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African DevelopmentBusinessCapital MarketDemographicsDigital TransformationEmerging MarketsFintechInnovationINVESTMENTStartupsTransportation & Logisitics
How African Entrepreneurs Scale Under Constraints and Why Investors should care?
In African cities from Lagos to Nairobi, the journey of entrepreneurship is defined by grit, resourcefulness and an unrelenting drive to succeed. Unlike their peers in Silicon Valley who debate …
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BankingBusinessCapital MarketEconomyINVESTMENTMarketsNews
Nigerian Stock Market Loses N322bn as Bearish Trend Persists
The Nigerian Exchange (NGX) on Tuesday extended its bearish run as investors retreated from select equities, wiping out N322 billion from the total market value. At the close of trading, …
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BankingCapital MarketCorporate EarningsEconomyFinanceINVESTMENT
GTCO Reports N600.9bn Half-Year Profit Before Tax Despite Absence of Extraordinary Gains
Guaranty Trust Holding Company Plc, GTCO, has announced a profit before tax of N600.9bn for the half-year ended June 30, 2025, reflecting strong resilience in its operations even though the …
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BusinessCapital MarketCorporate ServicesEconomyFinanceINVESTMENTNigeriaTelecommunications
Airtel Africa Returns $34.7m to Shareholders Through Ongoing Share Buyback
Airtel Africa Plc has returned a total of $34.7 million to its shareholders after repurchasing 14.2 million shares under its ongoing share buyback programme. The telecoms and mobile money services …
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BankingCapital MarketCorporate EarningsEconomyFinanceINVESTMENTNigeria
Zenith Bank Half-Year Profit Hits N532bn, Gross Earnings Rise to N2.5tn
Zenith Bank Plc has reported strong financial results for the first half of 2025, growing its gross earnings to N2.5 trillion as of June 30, 2025. This represents a 20 …
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BankingCapital MarketCorporate GovernanceDebt Management,FinanceINVESTMENT
Union Bank Completes N6.31bn Bond Redemption
Union Bank of Nigeria has successfully completed the full redemption of its Series 2 bond, paying both principal and coupon totalling N6.31 billion on September 3, 2025. The repayment marks …