Tag: Nigerian Exchange

Wole Oshin, founder & MD Custodian
BusinessExecutivesMarkets

Nigerian insurance tycoon Wole Oshin’s stake in Custodian drops to $81 million

Wole Oshin's Custodian stake falls to $81.26 million as shares slide nearly 30%, wiping $34.76 million from his holding since May.

Timilehin Adejumobi Timilehin Adejumobi
Michael Ade-Ojo Custodian stake
BusinessBillionairesMarkets

Nigerian auto magnate Michael Ade-Ojo’s stake in Custodian drops to $60 million

Michael Ade-Ojo's Custodian stake falls to $60 million as shares retreat, despite stronger revenue and profit in H1 2026.

Timilehin Adejumobi Timilehin Adejumobi
Gabriel Ogbechie, chairman of Eterna Plc.
BusinessCompaniesInvestments

Nigerian oil mogul Gabriel Ogbechie’s Eterna stake rebounds above $50 million

Gabriel Ogbechie Eterna stake rises above $50 million as Eterna shares recover and profit surges in H1 2026.

Timilehin Adejumobi Timilehin Adejumobi
Jim Ovia, founder of Zenith Bank
BusinessHot News

Nigeria’s richest banker Jim Ovia’s Zenith Bank stake rebounds above $560 million

Jim Ovia’s Zenith Bank stake has recovered above $560 million as shares climb on the Nigerian Exchange.

Timilehin Adejumobi Timilehin Adejumobi
Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
BusinessHot News

Dangote Refinery secures $400 million ahead of planned IPO  

Dangote Refinery IPO gets $400 million underwriting backing as the company targets a potential $5 billion listing in Nigeria.

Timilehin Adejumobi Timilehin Adejumobi
Hot NewsBillionairesBusiness

Femi Otedola targets 51% stake in First HoldCo after record N6 trillion market cap

Femi Otedola plans to raise his First HoldCo stake to 51 percent after the lender became Nigeria’s first bank to reach a N6 trillion market cap.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBillionairesBusiness

Nigerian billionaire Femi Otedola’s First HoldCo stake tops $700 million as shares hit record high

Femi Otedola's First HoldCo stake surpasses $700 million as the lender's shares hit a record high ahead of half-year earnings.

Omokolade Ajayi Omokolade Ajayi
Beta-Glass-green-bottles
BusinessHot News

Emerald HoldCo launches Beta Glass takeover offer for minority shares

Emerald HoldCo launches a mandatory offer for Beta Glass minority shares after acquiring majority control of the Nigerian packaging firm.

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

Africa’s richest man Aliko Dangote loses $743 million in 24 hours

Africa’s richest man Aliko Dangote suffers a $743 million setback as NGX sell-offs trim his fortune to $33.5 billion.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBillionairesBusiness

Nigerian billionaire Femi Otedola takes First HoldCo shares worth over $30 million at nearly 40% discount

Femi Otedola boosts his First HoldCo stake to 20.42 percent after acquiring shares valued at over $30 million at a nearly 40 percent discount.

Omokolade Ajayi Omokolade Ajayi
Adegbite Falade, Managing Director and Chief Executive Officer of Aradel Holdings.
Hot NewsBillionairesBusiness

Rising Aradel share price pushes CEO Adegbite Falade’s stake close to $15 million

Aradel CEO Adegbite Falade’s stake climbs toward $15 million as shares gain one hundred seventy percent on Nigerian Exchange.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu
Hot NewsBillionairesBusiness

Nigerian billionaire Abdul Samad Rabiu sees $1 billion wiped from net worth in 4 days

BUA Cement share decline erases $1 billion from Abdul Samad Rabiu’s net worth in four days, pulling fortune back from recent highs.

Omokolade Ajayi Omokolade Ajayi