First HoldCo shares dipped 4.1% on Friday after Oba Otudeko sold his $128m stake, ending a boardroom battle with Femi Otedola, who now leads the group. Investors await the company’s next chapter.
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Crypto is growing up and it needs to move beyond hype. In this piece, Ayotunde Alabi, CEO of Luno Nigeria, shares how crypto is moving towards stablecoins, real-world use cases, and infrastructure built for long-term impact and trust.
Ethiopia’s efforts to boost domestic revenue are falling short and according to the IMF’s latest country report, the nation’s tax-to-GDP ratio remains stuck at 8%—well below both regional and global benchmarks
Zenith Bank, one of Nigeria’s largest financial institutions, saw its market capitalisation cross the ₦3 trillion ($2.04 billion) mark on Wednesday, a week after GTCO achieved the same feat.
This is my comprehensive Nigerian stock market report for week 3 of July 2025. We look at what moved the market last week and what to look forward to this week.
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Other highlights
According to the 2024 Taxes and Charges Study by the African Airlines Association (AFRAA), international passengers departing from African airports pay an average of $68 in taxes and fees—up from $66 in 2022 and $64 in 2020.
Aliko Dangote, Africa’s richest man, is placing a bold $3 billion bet on Ethiopia—choosing the East African country as the site of his next mega fertiliser plant.
The research firm projects a 150 basis point cut in the Monetary Policy Rate (MPR) to 26.0% by year-end. If implemented, the cut would mark the first rate reduction in nearly five years.
Read our complete analysis of the NGX stock market here. We break down what happened last week and what to expect this week of trading.
