GEREGU
1 day ago
In seemingly worsening concentration risk in the stock market, companies controlled by 10 individuals hold 54 per cent of the Nigerian Exchange Limited (NGX) capitalisation, which closed at N63 trillion yesterday.
9 Dec
The Nigerian Exchange Limited (NGX) has named Geregu Power Plc the ‘Most Compliant Listed Company’ for 2023 financial year at its 2024 edition Made of Africa Awards. The management of the NGX said the award is a recognition for “the listed company that demonstrates the highest level of adherence to The Exchange’s Issuers’ Rules, without…
13 Feb 2024
Following renewed investors' interest in Geregu and 31 stocks, the bulls resurfaced in the equities sector of the Nigerian Exchange Limited (NGX) yesterday, causing market capitalisation to rise by N101 billion.
15 Jan 2024
Femi Otedola, the ever-dynamic Nigerian investor, has electrified the Forbes Nigeria ranks, powering up to the coveted fourth position with a $1.2 billion valuation. This meteoric rise owes much to his strategic play in the energy sector, specifically his controlling stake in Geregu Power Plc. Otedola's Geregu gambit proved masterful. Holding over 70% of the…
Latest
7 mins ago
Gunmen have reportedly abducted two Catholic nuns along Ufuma Road in the Orumba North Local Government Area of Anambra State. Secretary-General of the Sisters of the Immaculate Heart of Mary, Maria Ikeotuonye, confirmed the incident in a statement on Wednesday. She said the two nuns were on their way back from a vocational association meeting…
35 mins ago
Wolves announced Thursday they have signed Ivory Coast defender Emmanuel Agbadou from Reims for a reported fee of £16.6 million ($20.3 million) -- the first arrival under new manager Vitor Pereira.
36 mins ago
The West Africa pro-democracy Civil Society Organisations' (CSO) network, WADEMOS, has called on the President of Ghana, John Mahama, to intervene in the impending exit of Niger, Mali and Burkina Faso from the Economic Community of West African States (ECOWAS). While congratulating Mahama on his swearing-in as the President of Ghana, the organisation praised Ghana's…
38 mins ago
Volkswagen vehicle deliveries fell 1.4 per cent year-on-year in 2024, the German carmaker said on Thursday, dragged down by fierce competition in China. The VW brand, part of the larger Volkswagen group which includes Audi and Lamborghini among others, sold some 4.8 million vehicles worldwide last year, it said in a statement. Deliveries rose around…
47 mins ago
The Nigeria Centre for Disease Control (NCDC) has outlined preventive measures against the Human Metapneumovirus (HMPV), assuring that the country is not under “serious threat for now.” While concerns have risen over the outbreak of the virus in some countries worldwide, the NCDC Director-General, Jide Idris, during Thursday’s edition of Channels Television’s Sunrise Daily, allayed…
1 hour ago
The Lagos State government has reiterated its readiness to integrate mini and midi buses, popularly known as ‘korope’ and ‘danfo’, operating along the Lekki-Ajah axis into the state’s Bus Reform Initiative. In a statement on Thursday by the Director of Public Affairs, Ministry of Transport, Bolanle Ogunlola, the Special Adviser to the Governor on Transportation,…
1 hour ago
Chad's capital was calm early on Thursday, the morning after armed men attacked the presidential palace, sparking a battle that killed 19 people, mostly assailants, according to the government.
1 hour ago
Journalists Against Corruption (JAC) has commended the Economic and Financial Crimes Commission (EFCC) for dismissing 27 of its officials over fraudulent activities and misconduct. In a statement issued in Abuja by its Project Coordinator, Kehinde Osifisan, the group stated, "This development marks the beginning of a new dawn in the EFCC. Since its inception in…
1 hour ago
President Bola Tinubu on Thursday ordered a thorough investigation to uncover the circumstances that led to last Saturday's dawn attack