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Jennete Ugo Anya
- January 6, 2025
Nigerian Box Office Records 60% Growth, Hits ₦11.5bn In 2024
The Nigerian film industry has achieved remarkable growth, with the box office recording a significant 60 percent increase in revenue in 2024. According to the Cinema Exhibitors Association of Nigeria (CEAN), ticket sales across cinemas generated ₦11.5 billion in 2024, a substantial rise from the ₦7.2 billion recorded in 2023. CEAN’s National Chairman, Mr. Ope […]
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- January 6, 2025
NGX Removes Flour Mills of Nigeria From Daily official List
The Nigerian Exchange (NGX) has removed Flour Mills of Nigeria Plc from its Daily Official List, marking the end of the company’s trading presence on the exchange. This development follows an earlier notification issued on December 16, 2024, when the NGX suspended trading in the company’s shares as part of the delisting process. In its […]
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- January 3, 2025
Oil, Gas Index Shines In 2024 With 160% Year-to-Date Gain
The Nigerian oil and gas sector emerged as the standout performer in 2024, recording an impressive 160 percent year-to-date (YtD) gain, surpassing its already remarkable 125 percent growth in 2023. This outstanding performance significantly boosted the All-Share Index (ASI), which climbed 37.65 percent YtD to close at 102,926.46 points. Unlike the broader market, which experienced […]
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- January 3, 2025
FMDQ Exchange Halts Commercial Paper Admissions Following New SEC Guidelines
FMDQ Exchange has announced the temporary suspension of security admission services in Nigeria’s commercial paper (CP) market in response to the latest regulatory framework introduced by the Securities and Exchange Commission (SEC). In a market notice issued on January 2, 2025, FMDQ disclosed that the suspension, effective from December 30, 2024, will remain in place […]
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- January 3, 2025
Recalibrating Nigeria-China relations: A blueprint for balanced economic growth
By Victor Liman and Ade Adefeko Nigeria’s relationship with China has grown into one of the most important bilateral partnerships shaping the country’s economic landscape. Over the past two decades, this alliance has transformed Nigeria’s infrastructure, deepened trade ties, and unlocked new investment channels. However, the relationship has also spotlighted structural imbalances that threaten Nigeria’s […]
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- January 3, 2025
Unilever Nigeria Commemorates Transporters’ Safety Week
Unilever Nigeria Plc has commemorated its 2024 Transporters’ Safety Week recently, under the theme: ‘Pressure Dey, No Panic – Safety First.’ The week-long event, held at the company’s Mega Distribution Centre (MDC) in Agbara, highlighted Unilever’s dedication to road safety, operational excellence, and building a safety-first culture among its drivers and transport partners. The event […]
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- January 3, 2025
SALIC Acquires 35.43% Stake In Olam Agri Holdings For $1.24bn
Saudi Arabia’s SALIC International Investment Company has successfully acquired a 35.43 percent stake in Olam Agri Holdings for $1.24 billion, valuing the agricultural giant at $3.5 billion. With this acquisition, Olam Group retains a 64.57 percent majority stake, ensuring continued strategic oversight and alignment with its long-term objectives. The deal, which closed on December 23, […]
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- December 31, 2024
Tantalizers Finalises MoU For DanBethel Marine Acquisition
Tantalizers Plc has finalised the signing of Memorandum of Understanding (MoU) to acquire all assets of DanBethel Marine Services Limited, an Apapa-based marine and fishing enterprise. This strategic move comes shortly after Tantalizers secured ₦1.07 billion through a fully subscribed private placement, backed by Messrs Food Specialties and Banklink Africa Private Equities, who collectively acquired […]
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- December 31, 2024
FCMB Group Plc Completes Public Offer With 33% Oversubscription Rate
FCMB Group Plc has successfully completed its public offer, raising an impressive ₦147.5 billion with a 33 percent oversubscription rate. The offer attracted 42,800 investors, with 92 percent subscribing through digital channels such as the bank’s mobile app. This milestone also welcomed over 39,000 new investors into the Group, highlighting its strong appeal as a […]
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- December 30, 2024
Capital Market Defies Headwinds To Record Growth In 2024
In a year marked by significant economic headwinds, Nigeria’s capital market has proven its resilience and capacity to drive the nation’s economic ambitions forward. As Africa’s largest economy marches towards the audacious goal of a $1 trillion economy by 2030, the Nigerian Exchange Limited (NGX) closed 2024 with an impressive market capitalisation of ₦61.944 trillion, […]
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