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JenneteUgo Anya
- September 19, 2024
Sterling HoldCo Gains $50m Capital Influx
Sterling Financial Holdings Company ( Sterling HoldCo) Plc has successfully raised $50 million (approximately N75 billion) to meet the Central Bank of Nigeria’s (CBN) recapitalisation directive for its subsidiaries. This capital raise, which was secured through a private placement from a consortium of domestic investors and ultra-high-net-worth individuals in Lagos, is now in the final […]
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- September 18, 2024
Neveah Settles N20bn Commercial Paper
Neveah Limited, a leading Nigerian commodity trading company specialising in the export of solid minerals and agricultural products, has announced the redemption of its N1.9 billion Series 15 commercial paper notes, which were issued in November 2023. This marks the completion of the company’s N20 billion commercial paper programme (CPP). Since its inception in 2014, […]
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- September 18, 2024
Shareholders Examine NASD Ahead Of AGM
As NASD PLC prepares for its 11th Annual General Meeting (AGM), the exchange is under heightened scrutiny from its shareholders, particularly the investment company VFD Group. Known for its active participation in the Nigerian capital market, VFD Group has raised significant concerns about NASD’s governance structure and financial standing. In recent years, NASD has struggled […]
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- September 16, 2024
GTCO Becomes First Nigerian Bank To Hit N1trn Pre-Tax Profit Milestone In 6 Months
Guaranty Trust Holding Company (GTCO) has made history by becoming the first Nigerian financial institution to surpass N1 trillion in pre-tax profits within just six months. The impressive feat was disclosed in its second-quarter 2024 audited financial statements, which revealed a pre-tax profit of N494.5 billion, nearly doubling the N252.5 billion reported in the same […]
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- September 16, 2024
First Bank Sees Stock Surge By Over 30%
First Bank of Nigeria experienced a remarkable 31.81 percent surge in its stock price during the second week of September 2024. This significant rise came after the bank’s announcement on Friday, September 7th, of the 100 percent sale of its stake in FBNQuest Merchant Bank to EverQuest. The news followed the release of the bank’s […]
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- September 11, 2024
GTBank Wins Awards For CSR
Guaranty Trust Bank Ltd (GTBank), a subsidiary of Guaranty Trust Holding Company Plc (GTCO), has been named the Best Bank for Corporate Social Responsibility (CSR) in Nigeria at the 2024 Euromoney Awards for Excellence. The accolade recognises GTCO’s commitment to using its resources to drive positive societal change beyond offering innovative financial services. The Euromoney […]
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- September 10, 2024
FBN Holdings Trades FBNQuest Merchant B.To EverQuest
FBN Holdings Plc has announced the sale of its entire 100 percent equity stake in FBNQuest Merchant Bank Limited to EverQuest Acquisition LLP. This move aligns with FBN Holdings’ strategy to streamline its portfolio within the group. The transaction, disclosed in a notice to the Nigerian Exchange Limited (NGX) on Friday, September 7, 2024, is […]
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- September 10, 2024
Stanbic IBTC Pension Managers Recommits To Standard Customer Service For Retirees
Stanbic IBTC Pension Managers, a leading pension fund administrator in Nigeria, has reaffirmed its commitment to providing exceptional customer service to retirees. This renewed dedication comes as part of the company’s ongoing efforts to enhance its service delivery and ensure that retirees experience seamless access to their pensions and financial security during their retirement years. […]
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- September 10, 2024
Nigerian Breweries Plc Starts ₦599bn Rights Issue
Nigerian Breweries Plc, one of the leading brewing companies in Nigeria, has announced the launch of a ₦599.1 billion rights issue following the approval of its shareholders in April 2024. This announcement comes after receiving clearance from the Securities and Exchange Commission (SEC) and NGX Regulation Limited to proceed with the rights issue aimed at […]
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- September 9, 2024
C&I Leasing Plc Earns 309% Surge In Profit After Tax
C & I Leasing Plc, Nigeria’s largest integrated leasing and business services conglomerate, has reported an impressive 309.8 percent year-on-year increase in profit after tax for the first half of 2024. This surge reflects the company’s robust performance across its fleet and leasing business segments, buoyed by recent multi-billion naira contract wins and the […]
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