Fidelity Bank Plc has returned to the elite group of Nigerian companies with a market capitalisation of over N1 trillion. This came after the bank’s share price rose by 5.3 …
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Lagos Moves to Tackle High Rent, Housing Shortage With Monthly Payment Plan
The Lagos State Government has stepped up efforts to tackle the rising housing crisis across the state, especially as many low- and middle-income earners continue to struggle with skyrocketing rents. …
- AgricultureBusinessEastern AfricaInnovationKenyaMarketsTANZANIATechnology
Digital Tools Boost Farming in East Africa as EAF Expands Beyond Tanzania
Technology is changing how farming is done in East Africa, and one company that is taking the lead is East Africa Foods (EAF). The company was started in Tanzania by …
- BusinessBusiness InsightsEconomyFinance & ServicesGOVERNMENTINVESTMENTMarketsNigeriaOil & Gas
CSCS Pays N8.8 Billion Dividend to Shareholders for 2024 Financial Year
The Central Securities Clearing System (CSCS) Plc has confirmed the payment of N8.8 billion to its shareholders as dividends for the 2024 financial year. The approval for the payment was …
- AfricaBusinessBusiness InsightsDevelopmentEntrepreneurshipInnovationINVESTMENTLeadershipMarketsNigeriaReal EstateSpotlightWestern Africa
Sijibomi Ogundele: Sculpting Luxury into Lagos’ Skyline with Sujimoto
In the competitive and ever-evolving landscape of Nigerian real estate, certain individuals rise above the rest, their vision and ambition leaving an indelible mark on the cityscape. Sijibomi Ogundele, the …
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Custodian Investment Grows Profit by 133%, Pays ₦60.67bn Before Tax in 2024
Custodian Investment Plc has recorded a major profit jump, ending the 2024 financial year with a profit before tax of ₦60.67 billion. This marks a 133 per cent increase from …
- BusinessBusiness InsightsEnergyMarketsNigeriaTechnologyWestern Africa
Itel Solar Energy Opens First Nigerian Hub at Alaba Market, Targets Affordable Power for Homes, Businesses
Itel Solar Energy has launched its first official sales and service hub in Nigeria, setting up shop at the popular Alaba International Market in Lagos. The company said the move …
- Banking, Finance & InvestmentEconomyInternational RelationsMarketsPoliciesTrade and Commerce
CBN Tightens Forex Rules as Naira Faces Pressure, Speculators Struggle
The Central Bank of Nigeria (CBN) is now taking tougher actions in the foreign exchange market, aiming to stop speculators and bring more stability to the naira. These fresh efforts …
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African Union Launches New $100 Billion Agricultural Plan to Tackle Food Insecurity Across Africa
The African Union (AU) has unveiled a fresh agricultural strategy known as the Comprehensive African Agricultural Development Programme (CAADP) Strategy and Action Plan 2026–2035. The new plan, launched during a …
- Banking, Finance & InvestmentBusinessBusiness and EconomyEconomyFinance & ServicesINVESTMENTMarketsNigeria
First Asset Management Crosses N1tn Assets Under Management Milestone
First Asset Management Limited, an investment management company and a subsidiary of First HoldCo Plc, has announced that it has crossed the N1 trillion mark in Assets Under Management (AUM), …