Economy
United Capital expands to Francophone West Africa
United Capital Plc, the Lagos-based investment banking and financial services group, has established its first operational foothold in Francophone West Africa with the launch of a new subsidiary in...
Economy
CAP shareholders get N1.9bn dividend payout as revenue rises 52%
Shareholders of Chemical and Allied Products (CAP) Plc have approved a final dividend of N2.40 per 50 kobo ordinary share, amounting to a total...
Economy
CBN halts banks’ dividend payments, bonuses, foreign investments amid regulatory review
The Central Bank of Nigeria (CBN) has directed banks to temporarily suspend the payment of dividends to shareholders, defer the payment of bonuses to...
Economy
Here’s Savannah Energy’s performance in FY’24
Savannah Energy Plc has announced its unaudited results for the year ended December 31, 2024. The FY 2024 unaudited results show a total income...
Economy
Nigeria’s Moove eyes unicorn status with $300m raise
Moove, the Uber-backed Nigerian startup that finances vehicles for ride-hailing companies, is seeking to raise $300 million in a fresh funding round that could...
Economy
Cornerstone to pay Banc-Assure, Capasure 79% of proposed N4.9bn dividend
Cornerstone Insurance Plc has proposed a final dividend of 27 kobo for the period ended December 31, 2024. The proposed final dividend which will...
Economy
John Holt flips back to losses on weak leasing demand
John Holt Plc reported a steep second-quarter loss for the 2024/2025 financial year as dwindling revenue from its core leasing business and rising finance...
Economy
Nigeria stocks record 12.15% return year-to-date
Nigeria’s equities market’s return year-to-date (YtD) has risen by 12.15 percent driven by 3.30 percent increase seen in the month of June.The stock market...
Economy
Regus, VCN Spaces empower businesses, start-ups with innovative workspaces
In a bid to boost businesses and start-up operations in the Federal Capital Territory, workspace providers Regus and VCN Spaces have rolled out a...
Economy
Oil prices jump more than 9% after Israel attacks Iran
Oil prices shot up dramatically on Friday after Israel launched strikes against Iran, creating the biggest one-day price increase in nearly three years. The...
Economy
Chapel Hill leads 9 others to trade N2.14trn stocks in 5 months
In five months to May 2025, equities worth N2.14trillion were traded by Chapel Hill Denham Securities Limited, Cardinalstone Securities Limited, Cordros Securities Limited, and...