Capital Market
US formally charges Nigerian billionaire, Mmobuosi, reveals case against him, CEO speaks from hiding
The US Federal Bureau of Investigation (FBI) has formally filed charges against the Nigeria billionaire and Tingo Group CEO, Dozy Mmobuosi for conspiracy and fraud.
Femi Otedola's Geregu power shares rise as investors buy 40 million units worth N14.5 billion
Geregu Power Plc has seen a surge in the price of its shares and investors buy stocks worth about N14.5 billion in three days of massive selloffs on the NGX.
Big win for Otedola, shareholders as FBN Holdings joins list of companies worth N1trn
The market capitalization of FBN Holdings, one of Nigeria’s oldest banks, has surpassed the N1 trillion mark to join the league of stocks with similar valuation
Femi Otedola earns $6.8bn in 24hrs from FBN shares, emerges one of the richest investors in NGX
Billionaire businessman, Femi Otedola, has earned about N6.8 billion in 24 hours from the sales of his shares in First Bank, making one of NGX's richest investors
Dangote Cement, MTN shareholders cash out as firms generate N13.94 trillion in revenue
Shareholders of 24 companies in Nigeria are smiling to their banks as their companies generated about N13.94 trillion in the first nine months of this year.
GTCO, Zenith Bank, others lead impressive N26bn gain in Nigeria's stock market
The NGX experienced a boost of N26.87bn in its stock market, primarily fueled by increased investor activity in GTCO, Zenith Bank Plc. and 33 other stocks
Tinubunomics: Union Bank, Oando and 5 other major companies delisting from NGX in 2023
This listicle unveils the top seven companies that have bid farewell to the stock exchange, leaving an indelible mark on the nation's financial narrative.
Tony Elumelu, wife buy more UBA shares for over N480 million in 2 transactions
The United Bank of Africa has received additional investments from Nigerian billionaire and chairman of the bank Tony Elumelu and his wife Vivian Awele.
Nigerian Breweries to acquire 80% stake in maker of popular Amarula, Chamdor drinks
Nigerian Breweries is making major moves in the bid for 80% stake in Distell Nigeria, makers of popular Chamdor champagne and Amarula cream liquor.
Capital Market
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