- Business
Nigerian equities market gains N71bn in midweek trading session
The Nigerian equities market closed the midweek trading session on a bullish note, as gains in Nestle Nigeria Plc and others caused the overall capitalistaion to close higher by N71 billion. Precisely, the All-Share Index up by 109.41 points, representing a gain of 0.04 per cent to close at 244,912.24 points. Also, market capitalisation appreciated by N71 billion to close…
Read More » - Uncategorized
Access Holdings expands green assets to N92.14bn, cuts operational emissions by 28.47%
Access Holdings Plc has published its Sustainability Report for the year ended 31 December 2025 on the Nigerian Exchange Limited, demonstrating how the Group is translating sustainability commitments into measurable business, environmental and social outcomes. The report shows a green asset portfolio of N92.14 billion, a 28.47 per cent reduction in operational greenhouse gas emissions against its 2022 baseline and…
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Dangote Cement, two other cement makers report N3.2 revenue in H1 2026
Dangote Cement Plc, BUA Cement Plc and HBM Nigeria Plc generated a combined N3.2 trillion in revenue during the first half of 2026, about 26.5per cent increase from N2.5 trillion recorded during the same period of 2025. This is coming amid price hikes of cement , rising housing developments, construction activity and infrastructure projects fuelled demand and pushed earnings to…
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SEC holds Abuja investor clinic on unclaimed capital market assets
The Securities and Exchange Commission (SEC) will on Thursday August 6, hold an investor clinic in Abuja to educate investors and beneficiaries on how to recover unclaimed monies and inherited investments in the Nigerian capital market. The programme, tagged “Probate and Unclaimed Monies Awareness and Investor Clinic,” is part of a nationwide awareness campaign launched by the Commission in collaboration…
Read More » - Perspectives
Tinubu: Uneasy lies the head that wears the crown, by Kola Amzat
Ordinarily, it is supposed to be a cordial meeting. The Catholic Bishops’ Conference of Nigeria (CBCN) were reportedly to have sought an audience with the president. By virtue of their eminent status in Nigeria as a key bloc in Christendom, the president promptly granted their request. The Commander-in-Chief of the Armed Forces could have denied them the audience. He could…
Read More » - Economy
Femi Otedola mulls at increasing First Holdco stake to over 51%
Chairman of First HoldCo Plc, Mr Femi Otedola on Monday hinted at plans at increasing his stake in the oldest financial institution above 51 per cent from current 26 per cent. Nairametrics in a report noted that the billionaire investor disclosed that he has invested more than N600 billion of his personal wealth in First HoldCo, describing the move as…
Read More » - Economy
NRS issues comprehensive guidelines on virtual assets taxation
The Nigeria Revenue Service (NRS) on Monday issued comprehensive guidelines on the taxation of virtual assets. The guidelines provide a regulatory framework for the taxation of cryptocurrency and other digital asset transactions in line with the Nigeria Tax Act, 2025, and the Nigeria Tax Administration Act, 2025. The new guidelines are aimed at taxpayers, Virtual Asset Service Providers, Peer-to-Peer…
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43 insurers scale NAICOM recapitalisation exercise
Following a rigorous 12-month verification process, the National Insurance Commission (NAICOM) has announced that 43 insurance companies have completed the sector-wide recapitalisation exercise, thereby meeting the new Minimum Capital Requirements set out under Section 15 and other relevant provisions of the Nigerian Insurance Industry Reform Act (NIIRA) 2025. The recapitalised firms comprise 23 non-life operators, 8 composite operators, 10 life…
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First Holdco’s market cap crosses N6trn
First HoldCo Plc’s market capitalisation has climbed above N6 trillion after its shares rallied to a fresh high on the Nigerian Exchange (NGX). The latest record further cements the company’s position as Nigeria’s most valuable listed banking group. The lender’s shares rose by 5.48 per cent to N136.65 — an all-time high record in 52 weeks of trading activity. The…
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AVA Capital adds N37.5bn market capitalisation to NGX main board
AVA Capital Plc has been admitted to the Main Board of Nigerian Exchange Limited (NGX) following the listing by introduction of its 5 billion ordinary shares at N7.50 per share, with a market capitalisation of N37.5 billion. The listing marks a significant milestone in the Company’s growth journey, reinforcing its commitment to sustainable growth, strong corporate governance and long-term value…
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