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Hek
Fidson founder’s paper loss highlights rights issue digestion
Rights issues have a way of humbling even the most celebrated founders. Fidelis Ayebae's Fidson Healthcare closed its N21 billion rights issue 117 percent oversubscribed in early 2026, pulling in N24.65 billion in valid applications against N21 billion on...
Hek
Nigeria’s fresh fuel play: Fostering competition through import licencing  
Nigeria’s downstream petroleum market is undergoing a quiet but consequential redesign, with the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) decision to license and periodically restrict fuel imports effectively becoming th...
Editor | Mar 18, 2026
Hek
From waste to resource: Nigeria’s rPET plant brews a circular economy
As the race to align industrial growth with sustainability intensifies, a new partnership in Nigeria provides a peek into the probable shape and form of future circular capitalism in emerging markets....
Editor | Mar 18, 2026
Hek
From capital buffering to reinvention: The imperative for Nigerian banks
The latest round of Central Bank of Nigeria’s (CBN) recapitalisation drive was initiated in 2024. It is all but complete now, with more than 80 per cent of the banks meeting the new thresholds of N500 billion for international licences, ...
Editor | Mar 18, 2026
Hek
Dangote refinery: A ballast or recourse?
Africa's richest man Aliko Dangote is doubling down on his refinery's role as Nigeria's energy bastion. Heightening Middle East tensions sparked a 26 per cent swell in Brent crude price above $84 a barrel in early March 2026. ...
Editor | Mar 10, 2026
Hek
FirstRand eyes Nigeria inroad in a thrust for continental banking dominance
Africa’s largest financial services group by market value has revealed its plan to test its might in the continent’s fiercest and most dynamic banking arena. FirstRand Ltd already has a foothold through Rand Merchant Bank, its investment banking division ...
Editor | Mar 09, 2026
Hek
Nigeria’s equity rally: Cement and oil lead the charge against liquidity lull
The Nigerian equities market has been marked by a characteristic resilience in 2026. The Nigerian Exchange (NGX) closed last week with its fourth positive session out of five, thrusting the All-Share Index (ASI) higher by another 2.2 per cent to settle at...
Editor | Mar 09, 2026
YSoT
Reclaiming Agency: Knowledge, Power, and Nigeria’s Place in a Changing World
This week’s essays examine Nigeria through the lens of agency, who defines the country’s intellectual foundations, who participates in the digital economy, who shapes political participation, how fiscal decisions are made, and ultimately who determines Ni...
Editor | Mar 06, 2026
Hek
GTCO faces new test in Kenya as regulatory hurdles test African expansion resolve
Nigeria's banking giant Guaranty Trust Holding Company (GTCO) has encountered a new regulatory holdup in its East African unit following a slamming of KSh 33.18 million ($257,000) fine on Guaranty Trust Bank Kenya.  Kenya's Competition Authority (CAK) dec...
Editor | Mar 04, 2026
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