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FTN Cocoa Names Wale Jubril as Interim Chairman

FTN Cocoa Processors Plc has appointed Otunba Wale Jubril as Interim Chairman of its Board, following the death of long-serving Chairman High Chief (Sir) S.O. Oguntimehin on March 30, 2026. In a corporate disclosure dated August 18, the com Read more →

Kenny Johnson · Aug 19, 2026
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Heavy Selling in First HoldCo and Fidelity Bank Erases N544.5B from Nigerian Equities

The Nigerian equities market extended its bearish run on Tuesday, August 18, 2026, as renewed profit-taking in large-cap stocks, particularly First HoldCo and Fidelity Bank, pushed the NGX All-Share Index (ASI) down by 0.35% to 241,611.23 p Read more →

Ayodunvic · Aug 19, 2026
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Mr Eazi Eyes Major NGX Listing as African Entertainment Business Moves Toward Capital Markets

LAGOS — Nigerian musician and entrepreneur Oluwatosin “Mr Eazi” Ajibade is considering a major listing on the Nigerian Exchange (NGX), potentially bringing one of Africa’s rapidly expanding entertainment and technology businesses into the c Read more →

Samuel Odusami · Aug 19, 2026
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CWG Plc Reports N15.5bn IT Infrastructure Surge in H1 2026

Nigerian technology solutions provider CWG Plc recorded a remarkable 142.4% year-on-year surge in revenue from its IT Infrastructure Services segment, reaching N15.5 billion in the first half of 2026. Up from N6.4 billion in H1 2025, the un Read more →

Kenny Johnson · Aug 19, 2026
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Ex-SpaceX Executive Joins Nigerian Defence-Tech Firm Terra Industries

Former SpaceX executive Ben MacWilliams has joined Nigerian defence technology company Terra Industries as Vice President of Strategy, bringing experience from his role leading Starlink’s market-access efforts across Africa. MacWilliams pre Read more →

Ayodunvic · Aug 19, 2026
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May & Baker Warns Investors Against Fraudulent Investment Scheme
May & Baker Nigeria Plc has disowned a fraudulent investment scheme known as “M&B Equity Stake,” warning the public against unauthorized ind
Aug 18, 2026
News
Standard Bank Eyes Stake in OPay Ahead of Planned $4 Billion US IPO
South Africa’s Standard Bank Group is in discussions to acquire a stake in Nigerian fintech company OPay Digital Services as the payments pl
Aug 18, 2026
News
Dangote Refinery Secures $1B Underwriting Support Ahead of Landmark IPO
Dangote Petroleum Refinery & Petrochemicals has locked in $1 billion in underwriting support as it advances preparations for an initial publ
Aug 18, 2026
News
Otedola Tightens Grip on First HoldCo with ₦20.68 Billion Share Acquisition
Calvados Global Services Limited, an investment vehicle tied to billionaire investor and Group Chairman Femi Otedola, has purchased an addit
Aug 18, 2026
News
Court Orders 71 Lenders to Freeze Accounts Over ₦1.3bn Access Bank Fraud
A Nigerian court has directed 71 financial institutions, spanning commercial banks and fast-growing fintech platforms, to immediately freeze
Aug 18, 2026
News
United Capital Insider Otusanya Taiwo Divests 17,000 Shares in Latest Nigerian Exchange Deal
In accordance with strict corporate disclosure regulations mandated by Nigerian Exchange Limited (NGX), leading pan-African financial servic
Aug 17, 2026
News
Geregu Power Appoints New Acting CEO Amid Strategic Realignment
Geregu Power PLC has announced a significant leadership transition, naming Engr. Mohammed Sani Jaoji as its Acting Chief Executive Officer,
Aug 17, 2026
News
Nigerian Stocks Dip in Healthier Retracement, Unlocking Value for Savvy Investors
Nigerian equities are holding firm near the 243,000-mark, supported by a remarkable year-to-date growth exceeding 56% and a total market cap
Aug 17, 2026
News
BOI’s Inaugural ₦250 Billion Bond Sparked High Demand to Finish Oversubscribed
The Bank of Industry (BOI) has made a strong entrance into Nigeria’s domestic debt capital market, with its inaugural ₦250 billion Series 1
Aug 17, 2026
News
CBN Reports Net FX Inflows Down 29% to $4.94B in March
Nigeria recorded a net foreign exchange (FX) inflow of $4.94 billion in March 2026, marking a 38% year-on-year increase compared to $3.58 bi
Aug 17, 2026
News
NGX Overhauls Stock Price Movement Thresholds to Boost Market Liquidity
The Nigerian Exchange (NGX) is introducing a new tiered minimum volume structure to govern equity price movements across the trading floor,
Aug 16, 2026
News
SEC Orders Immediate Cessation of Capital Market Business with North Korea, Iran
The Securities and Exchange Commission (SEC) has issued a directive ordering all Nigerian capital market firms to immediately sever all busi
Aug 16, 2026
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