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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...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has come under scrutiny following allegations by petroleum marketers that the agency has been issuing fuel import...
Zenith Bank Plc has spent 2026 collecting the kind of hardware that separates a good regional lender from a genuine African champion. Fresh off a sweep...
Consumer credit outstanding fell by 19.89% to N3.78 trillion in 2025 from N4.72 trillion in the preceding period, marking the first decline since December 2019, according...
Dangote Cement Plc, Africa’s largest cement manufacturer and the most capitalised industrial firm on the Nigerian Exchange Limited, has reported a group revenue of N2.514tn for...
Nigeria recorded total foreign exchange (FX) inflows of $109.86 billion in 2025, representing a 13.81% increase from $96.53 billion recorded in 2024. This is according to...