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 …
Capital Market
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BankingCapital MarketEconomyINVESTMENTNewsNigeria
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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 …
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BankingCapital MarketCorporate EarningsEconomyFinanceINVESTMENTNigeria
Stanbic IBTC Half-Year Profit Jumps to N173.4bn on Strong Interest and Fee Income
Stanbic IBTC Holdings Plc has reported a profit after tax of N173.4 billion for the half year ended June 30, 2025, showing a 49 per cent rise compared with the …
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Capital MarketCryptocurrencyFinanceFintechGlobal DevelopmentGovernment PolicyInternational
UK, US Launch Transatlantic Taskforce to Boost Capital Market Access and Crypto Regulation
The governments of the United Kingdom and the United States have set up a new body to reduce barriers for companies trying to raise funds in both countries’ capital markets …