Only two Tier 1 banks, Zenith Bank and Access Holdings Plc, have surpassed the N500 bn share capital and share premium threshold set by the Central Bank of Nigeria for banks with international licences, Proshare report has revealed.
The report, titled "˜Tier 1 Banks Report: Getting Bigger, Braver, and Dominant "" The Class of 2025', stated that Zenith Bank leads with a share capital and share premium of N614.65bn, followed by AccessCorp at N594.90bn..............Read-More

Further giving credence to its capacity for long-term sustainability in the African banking ecosystem, Fitch and GCR have upgraded the ratings of Wema Bank, Nigeria's oldest indigenous bank.
Raising the projection on Wema Bank's outlook from stable to positive, Fitch, upgraded the bank's national long-term rating to "˜A-(nga)' from "˜BBB (nga)', while affirming its Long-Term Issuer Default Rating (IDR) at "˜B-"˜................Read-More

Africa's richest man, Aliko Dangote, will retire as Chairman of Dangote Sugar Refinery Plc on 16 June 2025, ending a two-decade tenure marked by strategic expansion and market dominance.
The announcement was made in a corporate statement signed by company secretary Temitope Hassan on Wednesday. .................Read-More

MRS Oil Nigeria Plc has forecasted a profit after tax of N3.95bn for the third quarter of 2025, driven by a projected revenue of N393.58bn, the company announced on June 4, 2025.
According to the company's Q3 forecast statement of comprehensive income filed on the Nigeria Exchange Limited on Tuesday, MRS Oil expects a turnover of N393.58bn with a cost of sales of N378.93bn, resulting in a gross profit of N14.65bn................Read-More

The Nigerian Exchange Limited has announced the suspension of trading in the shares of Notore Chemical Industries Plc, effective Wednesday, 11 June 2025, ahead of the company's planned delisting from the stock market.
In a market bulletin signed by the Head of the Issuer Regulation Department, Godstime Iwenekhai, on Wednesday, the Exchange said the move was necessary to prevent further trading in the company's shares in line with regulatory approval for its voluntary exit................Read-More

Nigeria's financial sector has lauded Nigerian Breweries Plc's first-quarter 2025 results, signaling a potential return to rewarding shareholders and industry stability.
The company released their first quarter financial result for 2025, where it posted impressive result across all vital indicators. Total assets grew to N1.144 billion in 2025, compared to N1.138 billion for the same period in 2024.t. ..............Read-More