🇳🇬 Nigerian Exchange

United Bank for Africa (UBA) Plc recorded considerable growths in the top-line and bottom-line in 2015, bucking a downtrend that had seen many banks warning of declining earnings.

Africa’s richest man and President, Dangote Group, Alhaji Aliko Dangote, controls 43 per cent of the Nigerian stock market, THISDAY checks revealed on Monday. Dangote, Mike Adenuga Jr, Femi Otedola, Folorunsho Alakija, and Abdulsamad Rabiu recently made the list of Forbes 2016 world’s billionaires.

Moody's Investors Service has placed on review for downgrade the long-term ratings of 3 Nigerian banks -- Access Bank plc (Ba3/B1 RUR down, b2 RUR down), Sterling Bank plc (B2 RUR down, b3 RUR down) and Bank of Industry (Ba3 RUR down).

MTN has stated that the company is considering listing MTN Nigeria in Nigeria, and is not considering a secondary listing of the MTN Group in Nigeria.