By Ayomide Otitoju Dangote Cement Plc, Airtel Africa Plc, and 13 other blue-chip stocks accounted for a staggering 79.98% of the ₦62.76 trillion total market capitalisation on the Nigerian Exchange Limited (NGX) in 2024, cementing their dominance in the equities market. The elite group of stocks with market capitalisation exceeding ₦1 trillion includes BUA Foods…
By Ayomide Otitoju Zenith Bank Plc has recorded a rise in market value as investor interest in top-tier lenders on the Nigerian Exchange grows ahead of the bank’s fourth-quarter 2024 earnings release. The bank’s share price climbed 4.5% on Thursday to close at ₦46.50, reflecting strong demand for banking stocks. This surge in buying activity…
By Ayomide Otitoju MTN Nigeria Plc has seen a remarkable rise in its market value as expectations of a telecom tariff hike fuel investor interest. On Thursday, the telecom giant’s share price surged by 10%, closing at ₦242 on the equities market, pushing its market capitalization to ₦5.08 trillion. The upward momentum, which began midweek,…
By Ayomide Otitoju Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has retained its position as the leading bank in customer experience in the 2024 KPMG West Africa Banking Industry Customer Experience Survey. The bank topped the retail banking segment for the fourth consecutive year with a customer experience score of 75.5%, while also…
By Ayomide Otitoju The Nigerian National Petroleum Company (NNPC) Foundation has reaffirmed its commitment to providing accessible and affordable healthcare for Nigerians, with a focus on combating cataract-induced blindness. Speaking at the launch of the Foundation’s free cataract screening and surgery program for 1,000 people at the Federal Medical Centre (FMC), Idi Aba, Abeokuta, the…
By Ayomide Otitoju First Bank of Nigeria Limited, a cornerstone of Nigeria’s banking industry, is setting its sights on new markets across Africa as it embarks on its next growth phase. The bank is poised to expand into Ethiopia, Angola, and Cameroon, leveraging opportunities created by evolving financial systems across the continent. Deputy Managing Director…
By Ayomide Otitoju Adron Homes, a leading real estate company in Nigeria, unveiled its redesigned logo on Monday, January 6, 2025, in a ceremony at the company’s headquarters in Lagos. The event was attended by top executives, stakeholders, staff, and members of the media, commemorating a pivotal moment in the company’s 12-year journey of transformation…
By Ayomide Otitoju The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mallam Mele Kyari, has reflected on his remarkable journey from being an Almajiri school pupil to becoming the head of Africa’s largest energy company. In a heartfelt statement marking his 60th birthday, Kyari expressed deep gratitude to Nigeria for…
By Ayomide Otitoju Guaranty Trust Holding Company Plc (GTCO) has unveiled plans to target foreign institutional investors in the second phase of its recapitalisation programme, set to launch in 2025. This announcement follows the successful completion of the programme’s first phase, which raised ₦209.41 billion through 130,617 valid applications for 4,705,800,290 ordinary shares. The first…
