Tag: NGX

Nigerian businessman and GTBank co-founder, Fola Adeola.
Hot NewsBusiness

GTBank’s co-founder Fola Adeola loses $130 million in Aradel sell-off

Fola Adeola loses $130 million in paper wealth as an NGX market correction hits Aradel Holdings shares.

Omokolade Ajayi Omokolade Ajayi
Jim Ovia, founder of Zenith Bank
BusinessHot News

Nigeria’s richest banker Jim Ovia loses over $100 million in two months

Jim Ovia loses $100 million as Zenith Bank shares fall after dividend adjustment and sector profit-taking pressure.

Timilehin Adejumobi Timilehin Adejumobi
Nigerian gambling magnate Kessington Adebutu
BusinessHot News

Nigerian gambling magnate Kessington Adebutu sees $67 million drop in Wema Bank stake

Wema Bank stake decline shows a $67 million drop in Kessington Adebutu holding amid NGX banking sector pressure.

Timilehin Adejumobi Timilehin Adejumobi
Nigerian executive Modupe Kadri.
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After 3-day spree, MTN Nigeria CFO Modupe Kadri boosts stake to $1.72 million

MTN Nigeria CFO Modupe Kadri boosts his stake to $1.72 million after a three-day, N1.26 billion buying streak on the Nigerian Exchange.

Omokolade Ajayi Omokolade Ajayi
Austin Avuru, co-founder of Seplat.
BusinessHot News

Seplat stock boom pushes co-founder Austin Avuru’s stake past $400 million

Seplat stock boom pushes Austin Avuru’s stake above $400 million as NGX rally, earnings and deals re-rate Nigeria’s top oil producer.

Timilehin Adejumobi Timilehin Adejumobi
Africa’s richest man, Aliko Dangote.
Hot NewsBillionairesBusiness

Nigerian billionaire Aliko Dangote gains N8.4 trillion from Dangote Cement shares

Aliko Dangote’s stake in Dangote Cement gains N8.4 trillion as share rally strengthens his position as Africa’s richest man.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigerian lender FCMB meets $360 million capital requirement, secures international banking license

FCMB meets $360 million capital requirement, earning an international banking license for global operations.

Omokolade Ajayi Omokolade Ajayi