Economy

Tony Elumelu to Retire as UBA Chairman After 12 Years, Emmanuel Nnorom Named Successor

United Bank for Africa (UBA) Plc has confirmed that its Group Chairman, Tony Elumelu, will retire after completing a 12-year…

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2027 Election Activities Pose Fresh Risks to Nigeria’s Economy, CPPE Says

The Centre for the Promotion of Private Enterprise (CPPE) has cautioned that the build-up to Nigeria’s 2027 general elections could…

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CBN Withdraws Operating Licences of 46 Microfinance Banks

The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks (MFBs) with effect from July…

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FCMB Group Shareholders Approve ₦0.35 Dividend, Ratify Board Appointments at 13th AGM

Shareholders of FCMB Group Plc have approved a final dividend of ₦0.35 per ordinary share for the financial year ended…

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Nigeria Secures $1.25 Billion World Bank Funding for Economic Reforms

Nigeria has obtained $1.25 billion in financing from the World Bank to support a broad package of economic reforms aimed…

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Fidelity Bank Director Increases Stake with 1 Million Share Purchase

Fidelity Bank Plc has notified the Nigerian Exchange Limited (NGX) of an insider transaction involving Non-Executive Director, Okam Obiaku Augusta,…

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Stanbic IBTC to Release Audited Half-Year 2026 Results by August 29

Stanbic IBTC Holdings Plc has announced that it will publish its audited financial statements for the half year ended June…

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IMF Says Nigeria’s Unreported Spending Equals 2% of GDP

The International Monetary Fund (IMF) has disclosed that government expenditure equivalent to about 2% of Nigeria’s Gross Domestic Product (GDP)…

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First HoldCo Announces Closed Period Ahead of Half-Year 2026 Results

First HoldCo Plc has announced the commencement of a closed period ahead of the consideration and release of its unaudited…

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Access Holdings Director Acquires 6.7 Million Shares Worth ₦154.1 Million

Access Holdings Plc has notified the Nigerian Exchange Limited (NGX) of an insider dealing involving one of its Non-Executive Directors,…

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