FirstHoldCo Plc has reached a major milestone on the Nigerian Exchange (NGX). The financial group has become Nigeria’s first banking stock to cross the N6 trillion market capitalisation mark. The company achieved this feat during trading on Monday, August 3, 2026. Its share price rose to N136.50, pushing its market value to about N6.21 trillion….
The United States has taken a rare step to help Japan strengthen its currency, the Japanese yen. The move comes after the yen fell to its weakest level in 40 years against the US dollar. President Donald Trump described the action as “a signal of friendship.” “They have a weakening yen, and they wanted a…
British energy giant Shell has posted its biggest quarterly profit in four years. The company earned $9.84 billion between April and June. That figure beat analysts’ prediction of $8.79 billion. Higher oil and gas prices helped drive the strong result. The price increase followed growing tensions and conflict involving Iran in the Middle East. As…
SERAP sues NNPCL over an unexplained N211 trillion in its 2023 audited accounts, demanding full disclosure of transaction details. The Socio-Economic Rights and Accountability Project (SERAP) has taken the Nigerian National Petroleum Company Limited (NNPCL) to the Federal High Court in Abuja. The lawsuit challenges the company’s failure to explain N211 trillion recorded in its…
Petrol price in Nigeria has climbed to N1,400 per litre, forcing transport operators to increase fares as Nigerians struggle with rising living costs. Petrol Price Jumps Again Nigerians are feeling fresh pressure as the petrol price in Nigeria has climbed to as high as N1,400 per litre. The latest increase has already pushed transport fares…
SK Group chairman Chey Tae-won must pay a record $645 million divorce settlement to ex-wife Roh Soh-yeong after a South Korean court ruling. South Korean billionaire Chey Tae-won has been hit with the country’s biggest divorce settlement ever. The SK Group chairman must pay his former wife, Roh Soh-yeong, about $645 million. A Seoul appeals…
Aliko Dangote plans to grow his $20 billion business empire into a $100 billion giant by 2030 through oil, cement and fertilizer expansion. A bold target for Africa’s richest businessman Aliko Dangote is planning a major expansion that could push his business empire to $100 billion by 2030. The Dangote Group currently generates about $20…
The US imposes 12.5% tariff on Nigerian imports over forced labour concerns. Here’s what the decision means for Nigeria. Nigeria Hit With Fresh US Tariff The United States has announced a 12.5% tariff on goods imported from Nigeria. The decision is part of a new trade policy targeting countries accused of not doing enough to…
Oil prices hit $100 per barrel after fresh Red Sea attacks increased fears over Middle East supply. Here’s what it means for global markets and fuel prices. Oil prices have climbed above $100 per barrel for the first time since May. The jump followed fresh attacks in the Red Sea that raised fears about global…
Oil prices jumped by 4% on Wednesday as the conflict between the United States and Iran intensified. Fresh overnight strikes by US forces raised fears of a bigger disruption to global oil supplies. Brent crude climbed above $94 per barrel, while US West Texas Intermediate traded close to $87. The latest increase also renewed concerns…
