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First HoldCo Plc says it has adopted a new dividend policy committing to distribute a minimum of 60 percent of its annual profit after tax (PAT)...
Nigeria continued to depend heavily on foreign security printing firms for the production of its banknotes in 2025, despite operating a local currency printing company, according...
The landed cost of imported Premium Motor Spirit (petrol) has climbed above the gantry price offered by the Dangote Petroleum Refinery, reinforcing calls by petroleum marketers...
South Africa has seen 245 more liquidations in 2026, with June figures accelerating from May. Year-to-date, 1,361 businesses have been shuttered. According to the latest liquidation...
Investors maintained an aggressive appetite for Nigeria’s one-year Treasury bills at Wednesday’s primary market auction, allowing the federal government to borrow at a slightly lower rate...
Five Domestic Systemically Important Banks (D-SIBs) accounted for more than half of Nigeria’s banking industry assets, deposits and credit at the end of 2025, prompting the...
Patrice Motsepe, Africa’s first black billionaire, has lost nearly one billion dollars from his fortune this year after a sharp sell-off in South African mining stocks...
Africa’s biggest oil-producing country spent over a decade pitching to investors that it was supporting the construction of Dangote Refinery’s 650,000 barrels per day of crude...
Seplat Energy Plc has signed a binding agreement with the Nigerian National Petroleum Company Limited (NNPC Ltd) for the sale of a 10 per cent working...
Femi Otedola, the chairman of First HoldCo, has acquired 1.77 billion shares of the financial institution through his investment vehicle, Calvados Global Services Limited. According to...