Billionaire businessman, Femi Otedola, has increased his ownership in First HoldCo Plc after purchasing an additional 138.04 million ordinary shares worth approximately ₦18.11 billion, further strengthening his position as one of the largest shareholders in Nigeria’s most valuable listed banking group. The latest acquisition was disclosed in a regulatory filing submitted to the Nigerian Exchange … Read more
The race for the FIFA presidency has taken a dramatic turn after the Football Association of Wales (FAW) became the first national football federation to publicly withdraw its backing for Gianni Infantino’s bid for another term as President of world football’s governing body. The decision marks a significant escalation in the growing opposition to Infantino’s … Read more
Nigerian oil billionaire, Muhammadu Indimi, has taken a fresh legal step in the high-profile dispute over dividend payments involving his twin daughters, Ameena and Zara Indimi, by seeking to join the appeal against a Federal High Court judgment that awarded them $43.51 million. The latest development adds another chapter to one of Nigeria’s most closely … Read more
Senator Solomon Olamilekan Adeola, popularly known as Yayi and the All Progressives Congress (APC) governorship candidate in Ogun State, has launched a fresh round of financial support for small-scale traders, disbursing grants to 3,000 market women and men in the Ogun Central Senatorial District. The intervention, implemented in partnership with the National Productivity Centre under … Read more
The Presidency has firmly rejected claims by former Vice-President Atiku Abubakar that the Federal Government generated an unaccounted oil windfall of about ₦7.98 trillion under President Bola Ahmed Tinubu’s administration, insisting that the allegation lacks factual basis and challenging the presidential candidate to provide credible evidence. The latest exchange is the newest chapter in the … Read more
Dangote Industries Limited has signed a landmark $800 million Memorandum of Understanding (MoU) with China’s Sinoma International Engineering Co. Ltd. to expand the Itori Cement Plant in Ogun State, a project that will double the facility’s annual production capacity from six million metric tonnes to 12 million metric tonnes. The expansion is expected to strengthen … Read more
Vice President Kashim Shettima, Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, and renowned Kenyan scholar, Prof. Patrick Loch Otieno (PLO) Lumumba have arrived in Asaba ahead of the highly anticipated Delta State Economic and Investment Summit 2026, scheduled to begin on Monday. The arrival of the distinguished guests signals the commencement of … Read more
The Niger State Government has renewed its determination to eliminate illegal mining across the State, warning that individuals, groups and companies operating outside the law will be arrested and prosecuted if they fail to stop their activities immediately. The fresh directive comes as the State Government steps up efforts to restore order in the mining … Read more
NATIONAL Oyedele Reveals Where FG’s Subsidy Savings Are Going July 30, 2026 • 4 min read By Atinuke Otedola and her Editorial Team The Federal Government has begun channelling the money saved from the removal of fuel and foreign exchange subsidies into debt obligations, higher salaries, student support and other pressing government responsibilities. Chairman of … Read more
BUSINESS Otedola Pumps Another ₦222.2 Billion Into First HoldCo, Stake Rises To 25.87% July 30, 2026 • 5 min read By Atinuke Otedola and her Editorial Team Billionaire businessman, Femi Otedola, has taken his ownership of First HoldCo Plc to a new level after buying nearly 1.8 billion additional shares in the financial services group. … Read more