14 results
- E-Financial18 Aug 2026
Agusto & Co Withdraws A-credit Rating on Geregu Power Over Bond Default
Agusto & Co has withdrawn the ‘A-’ credit rating it assigned to Geregu Power Plc and its N40.09 billion Series 1 Senior Unsecured Bond following the company’s default on the bond’s eighth coupon payment and fourth principal repayment.
- 27 Dec 2022
Afreximbank Moves to Acquire Minority Stake in Geregu Power
The Fund for Export Development in Africa (FEDA), the development impact investment platform of African Export-Import Bank (Afreximbank) has announced that it has received internal approvals to…
- 31 Jan 2024
Femi Otedola Becomes chairman of First Bank Holdings
Billionaire businessman Mr Femi Otedola, has emerged as the chairperson of the board of FBN Holdings Plc, whose flagship company is First Bank. He was appointed to the role during a meeting of the…
- 11 Jun 2024
Fidelity Bank Records Largest Single-Day Turnover Volume of over 600m Shares
Fidelity Bank was by far the most traded stock in the NGX on Monday, 10 June 2024, with a turnover volume of about 605.257 million shares, even as the stock gained 6.52% to close at N9.80. …
- 25 Aug 2008
Revealed! How Siemens Got Energy Deal
A high wire presidential intervention brokered by Angela Merkel, German Chancellor led to the inclusion of controversial firm, Siemens Nigeria in the energy partnership deal between Nigeria and…
- 31 Jul 2024
Otedola, FBN Holdings Chair Slams Banks for Spending spend $50m on Private Jet Maintenance Annually
Femi Otedola, billionaire businessman, has supported the 70 per cent windfall tax proposed by the Federal Government on foreign exchange gains of banks. In a statement he issued on Wednesday,…
- 17 Jul 2026
Dangote Refinery’s Private Placement Reportedly Hits $2.5Bn
Dangote Petroleum Refinery is reportedly nearing completion of a $2.5 billion private placement that values the company at about $40 billion ahead of its planned public listing. Private placement is…
- 26 Jan 2023
NGX to Launch USSD Integrated Payment System
Mr. Temi Popoola, the chief executive officer, Nigerian Exchange Limited (NGX), has disclosed the Exchange plan to launch an Unstructured Supplementary Service Data (USSD) to unlock Africa’s capital…
- 20 Nov 2023
NGX Moves to Reduce Trading Costs Through Technology
Temi Popoola, the Chief Executive Officer, Nigerian Exchange Limited (NGX), has revealed that the exchange is exploring ways to leverage technology to focus on reducing brokerage costs. Popoola…
- 22 Dec 2008
Shenzhen Energy Partners Unity Bank on Power generation
Chinese Power Generating Firm, Shenzhen Energy Group has expressed its interest to work in partnership with Unity Bank Plc in the execution of the latter’s power projects in Nigeria in course…
- 17 Mar 2016
FG to Diversify Electricity Generation using Nuclear Energy
The Federal Government says it will diversify the nation’s electricity generation using nuclear energy. This is contained in a statement issued by Mr Timothy Oyedeji, director Press, Ministry of…
- 7 May 2025
Power Ministry, NAEC Partner to Unlock Nuclear Energy Potential
The Minister of Power, Chief Adebayo Adelabu has expressed willingness to collaborate with Nigeria Atomic Energy Commission, NAEC, to facilitate the establishment of nuclear power plants in the…
- 4 Jul 2025
Nigeria’s Electricity Output Climbs 10.92% in Q1 2025, Boosted by Thermal Plants
Nigeria’s electricity generation rose by 10.92% in the first quarter of 2025, driven by improved operational capacity and better availability of thermal and hydropower plants supplying the national…
- 22 Oct 2021
Femi Otedola Reportedly Acquires Majority Shares of First Bank Holdings
Femi Otedola, business mogul and founder/chairman, Geregu Energy Group, has reportedly acquired the majority shares of FBN Holdings (FBNH). The acquisition is coming some six months after the…