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Finance & Markets

Bilionaire Energy Transfer Co-founder Kelcy Warren Buys $21.3 Million Units. What Does This Mean for Investors?

Key PointsThe billionaire co-founder acquired ~1.0 million units at a weighted average price of $21.26 per share, representing a total transaction value of ~$21.3 million.

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Guinness Posts N25.3bn Profit as Debt Plummets in H1 2026

Omolabake Fasogbon Guinness Nigeria Plc has cut its net debt nearly in half while growing its half-year (H1) profit after tax by 53 percent to N25.3 billion. The firm disclosed

  • Guinness Nigeria reported N25.3bn profit in H1 2026, a 53% increase
  • Net debt fell from N37bn to N19bn, nearly halved
  • Revenue rose 12% to N265bn, operating profit up 15% to N40bn

How to Make Your Savings Work for You

Omolabake Fasogbon The Central Bank of Nigeria (CBN) has urged commercial banks to expand credit creation, following the N4.65 trillion raised in the just concluded recapitalisation exercise.

  • CBN urges banks to increase lending post recapitalisation
  • Lower loan rates expected with more capital for banks
  • Savers face dilemma with high MPR and CRR impacting deposit rates

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