Latest Business News
Otedola hints at raising First HoldCo stake to over 51%
Chairman of First HoldCo Plc, Femi Otedola, has hinted at increasing his…
NEC approves refinancing of $3.3bn NNPC’s crude-for-cash loan
The National Economic Council (NEC) has approved the refinancing of…
First HoldCo faces potential N1.15trn sale of 22.9% legacy stake
A proposed block sale of more than 10.43 billion shares in…
NNPC profit surges to 10-month high of N535bn
By Ayo Olesin The Nigerian National Petroleum Company Limited (NNPC Ltd),…
Otedola’s First HoldCo stake rises to 25.9% to N1.47trn
Billionaire investor and Chairman of First HoldCo Plc, Femi Otedola, has moved…
Seplat Energy to divest 10% stake in NNPC JV for $281m
Seplat Energy says it has signed an agreement with the Nigerian National…
CBN interest income surges 30% to N6.50trn in 2025
The Central Bank of Nigeria (CBN) recorded a sharp increase…
Marketers accuse NMDPRA of favouritism in import licences allocations
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has come under…
Nigeria, AfDB push local processing to unlock Africa’s mineral wealth
Nigeria and the African Development Bank (AfDB) have called for a fundamental…
AMCON begins NTEL divestment, eyes strategic investors after transformation drive
The Asset Management Corporation of Nigeria has commenced the divestment of its…
