Companies

Africa, the vibrant and diverse continent, is home to a burgeoning economy that continues to attract global attention. In 2023, the continent has witnessed remarkable growth, with several companies standing out as frontrunners in terms of market value. These leading companies in Africa are not only contributing to the region’s…

Over time, the world has witnessed a series of staggering corporate frauds that not only shook the foundations of various industries but also raised critical questions about integrity and oversight within the corporate sector. These frauds, involving billions of dollars, not only caused significant financial losses but also eroded public…

In 2023, the business world was shaken by a series of unexpected company shutdowns. These incidents were not only surprising because of the stature of the companies involved but also due to the unforeseen circumstances leading to their closures.  These companies are embedded with stories of challenges, ranging from financial…

Africa’s leading entertainment company, MultiChoice Group, according to its financial statement for the six months ended September 30, 2023, showed a resilient operational performance across sectors where it operates. According to the statement sighted by Business Elites, subscription revenues increased 3% with Showmax contributing 25%, group trading profit increased 18%,…

In a significant advancement at the Argus European Crude Conference, the collaboration between the Nigerian National Petroleum Corporation (NNPC) and Aiteo Eastern E&P Company has made headlines. Guided by the visionary pan-African billionaire Benedict Peters, they proudly introduced the Nembe Crude Oil Grade, marking a new chapter in Nigerian oil…

Nigeria’s economic landscape is shaped by a collection of powerful and diverse companies that have risen to the top in terms of financial success.  These corporations span various industries, showcasing the nation’s growing sectors and reflecting its economic prowess. A list by the Nigerian Exchange (NGX) revealed that the top…

Since the beginning of the year, Sam Darwish, the prominent telecommunications magnate of the U.S.-Nigerian origin and the visionary behind IHS Holdings, has witnessed an astounding surge in his net worth. This remarkable increase can be attributed to a substantial rise in the market value of his ownership in the…

Geregu Power Plc, a renowned electricity generation enterprise helmed by Nigerian tycoon Femi Otedola, has attained a momentous accomplishment on the Nigerian Exchange. The company’s market capitalization has exceeded the $1-billion milestone, soaring to an unprecedented peak of $1.12 billion following several weeks of stagnant trading. At the time of…

Investors’ positive response to the announcement of Dangote Cement’s Tranche I shares buyback program has propelled the company’s stock to become the highest capitalized on Nigeria Exchange Group (NGX), with a market capitalization of N6.15 trillion. Dangote Cement, the cement giant, witnessed a significant increase in its share price, surging…

Investing in the stock market can be an exciting and potentially lucrative endeavor, offering opportunities to participate in the growth of companies and sectors. For those interested in Nigerian stocks, the Nigerian Stock Exchange (NSE) provides a platform for investors to engage with the country’s vibrant and evolving economy. As…