Tag: Nigerian Exchange

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
Zenith Bank, Nigeria’s most profitable lender.
Hot NewsBusiness

Zenith Bank gains N3 trillion, becomes first Nigerian bank valued above N5 trillion

Zenith Bank gains N3 trillion, becomes first Nigerian bank valued above N5 trillion

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman Tony Elumelu.
BusinessBillionairesHot News

Nigerian billionaire Tony Elumelu’s Seplat stake climbs to $934 million, nears $1 billion

Tony Elumelu’s Seplat stake hits $934 million as shares rally, nearing $1 billion amid strong investor demand.

Omokolade Ajayi Omokolade Ajayi
MTN Group logo, representing the pan-African telecom operator.
Hot NewsBusiness

MTN Nigeria hits $12.1 billion, tops BUA Foods as Nigeria’s most valuable listed company

There is a quiet shift taking place on the Nigerian Exchange, one that says as much about investor conviction as it does about the changing weight of sectors in Africa’s largest economy. MTN Nigeria Communications Plc has moved ahead of BUA Foods Plc to become the most valuable publicly listed company in Nigeria, after a sustained rally that has lifted…

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu
BusinessHot News

Abdul Samad Rabiu becomes Africa’s third-richest as net worth hits $11 billion

Nigerian billionaire industrialist and philanthropist Abdul Samad Rabiu has reached a major milestone, becoming Africa’s third-richest person with a net worth of $11 billion. The surge, driven by a single-day gain of $560 million, comes barely three weeks after he surpassed the $10 billion mark. According to Forbes, Rabiu is now the world’s 278th richest individual, surpassing South African billionaire…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria’s DEAP Capital shines as Africa’s best-performing stock in January

DEAP Capital’s shares jumped nearly 400% in January, lifting its market value to $10 million and making it Africa’s best-performing stock.

Omokolade Ajayi Omokolade Ajayi
BUA Group headquarters in Lagos, Nigeria, hub of Abdul Samad Rabiu’s industrial empire.
Hot NewsBusiness

Nigeria’s most valuable company, BUA Foods, now commands 12% of stock market value

BUA Foods, Nigeria’s most valuable company, now accounts for 12 percent of the stock market.

Feyisayo Ajayi Feyisayo Ajayi
Dangote Cement
BusinessHot News

Dangote Cement falls to third place on Nigerian Exchange, losing nearly $1 billion in 48 hours

The reversal not only cost Dangote Cement its top position but relegated it to third place on the NGX, trailing behind Airtel Africa Plc and BUA Foods.

Omokolade Ajayi Omokolade Ajayi