NGX Set New Record as Index Crosses 100,000 Points The Nigerian Exchange Limited’s benchmark index crossed the 100,000 basis point mark, setting a new all-time high record on Wednesday. At the close of trading, the All-Share Index of the local bourse gained 2,954.14 points or 2.99...

BUA Boss Rabiu Overtakes Adenuga, Now Nigeria’s Second Richest Person AbdulSamad Rabiu, the Nigerian billionaire and CEO/Chairman of BUA Group, has surpassed Mike Adenuga to claim the position of the second-richest person in Nigeria. This shift in rankings is attributed to the significant surge in Rabiu’s...

Dangote Dethroned as Africa's Richest Man, Adenuga, Rabiu Fall in Ranking A South African billionaire, Johann Rupert, has emerged as the richest man in Africa, dislodging Aliko Dangote as the continent’s wealthiest man in a list released by Forbes Magazine. Nigerian billionaires; Rabiu Abdulsamad and Mike...

Dangote, Adenuga, Abdulsamad Rabiu, Lose $9.3bn in 2023 – Forbes The combined wealth of Aliko Dangote, Abdulsamad Rabiu and Mike Adenuga declined by $9.3 billion in 2023, according to Forbes’ Real-Time Billionaires ranking. Forbes’ wealth-tracking platform provides ongoing updates on the net worth and ranking of...

NGX Down by 0.66%, Falls to N259bn over BUA Cement, Lafarge Loss Losses recorded in the equities of some medium-cap companies dragged the market capitalisation of the Nigerian Exchange Limited to a loss of N259bn on Monday. Atop the losers’ chart was BUA Cement whose shares...

NGX Trading Closes Big as 16 Investors Lift Market Cap by N63bn The Nigerian Exchange Limited investors at the close of trading on Wednesday lifted the market capitalisation by N63bn. Transcorp recorded gain of (+5.41 per cent), BUA Cement (+2.23), Flour Mill (+0.47 per cent) and...