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Business
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Femi Otedola Increases Stake in First HoldCo to 26% Following N222 Billion Purchase
Femi Otedola has expanded his interest in First HoldCo Plc to 26% after acquiring shares worth N222.2 billion, reinforcing his status as the primary individual investor.
Seplat Energy Divests 10% Stake in NNPCL Joint Venture for $281.6 Million
Seplat Energy is selling a 10% stake in its NNPCL joint venture for $281.6 million to fund debt reduction and increase shareholder returns.
Kirikiri Customs collects N19.4bn revenue in June while seizing expired vapes valued at N809.7m
The Kirikiri Lighter Terminal Area Command achieved a revenue of N19.4 billion in June 2026 and intercepted N809.7 million worth of expired vape products.
Shell Profits Soar as Conflict With Iran Drives Oil Prices Higher
Shell's second-quarter profits reached $9.84 billion as the conflict involving Iran caused global oil prices to climb significantly.
Priscilla’s path to business ownership through PalmPay
A Nigerian woman named Priscilla transformed her financial situation by using a PalmPay POS terminal to earn commissions, eventually funding the opening of her own retail store.
Afreximbank Announces $50,000 CANEX Create-thon to Empower African Creative Talent
Afreximbank and Gebeya have launched a $50,000 innovation competition to support African creators in film, music, and gaming with access to technology and funding.
AVA Capital prepares for Nigerian Exchange entry to boost market presence
AVA Capital Plc is scheduled to join the Nigerian Exchange Limited this Friday through a Listing by Introduction, a strategic move aimed at elevating its corporate profile.
S&P Global Acquires Controlling Interest in Agusto & Co.
S&P Global is set to acquire a majority stake in the Pan-African rating agency Agusto & Co. to improve credit transparency and expand its influence in African debt markets.
Fuel Depot Costs Fall as Marketers Reduce Rates by up to N23 per Litre
Petroleum depot prices across Nigeria have trended downward as increased competition among marketers and improved supply from domestic refineries lead to significant rate cuts.
Aliko Dangote Plans to Commit One-Third of Wealth to Philanthropy
Aliko Dangote is set to donate one-third of his massive fortune to charitable causes, a decision his daughter Halima says will secure his philanthropic legacy for future generations.