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First HoldCo, the FirstBank parent chaired by billionaire Femi Otedola, grew nine-month pre-tax profit 61% to 911 billion naira on strong fee and trading income.
Seventeen investors held Nigerian Stock Exchange shares worth at least $100 million at Friday's close. Here is every stake they own and what each is worth.
FTSE Russell restored Nigeria to its Frontier Market Index, but billionaire-led giants like BUA, UBA, and Seplat were left off the list.
Mr Eazi told Nairametrics he intends to list a technology company on the Nigerian Exchange, citing Dangote, Rabiu and Otedola as inspiration.
RC Investment Management is selling 10.4 billion First HoldCo shares at ₦110, having bought them at ₦31 last year. The bank receives no proceeds.
Samuel Bolarinde's 12.03% stake in Vitafoam Nigeria is worth ₦35.16 billion, or $25.3 million, after a 747% share price surge since 2025.
Conoil lifted half-year profit 472% to ₦5.15 billion, yet paid ₦8.29 billion in finance costs, more than the company earned before tax.
Femi Otedola has spent another $160 million, on 1.78 billion additional First HoldCo shares, lifting his stake to $1.08 billion.
Aliko Dangote has raised $2.5 billion in a private placement ahead of his Nigerian refinery's IPO, set to become the largest in African history.
Caverton Offshore, founded by Aderemi Makanjuola, cut its pre-tax loss 74% to $9.98 million in 2025, though revenue fell 40% and debt climbed.
FirstHoldCo shareholders approved the N253 billion capital raise at today's 14th AGM, clearing the path for Femi Otedola's N1 trillion paid-up capital target for First Bank of Nigeria.
Ahonsi Unuigbe deepens ties between Nigeria’s markets and Dubai to unlock global capital for African energy firms.
Zenith Bank adds 9.67 billion shares on NGX, capital boost meets CBN requirement.
Elumelu is on track to pocket another sizable dividend in 2023.
Geregu Power is majority owned by Nigerian billionaire Femi Otedola.