Tantalizers Plc Secures N1bn Through Private Equity Placement
Tantalizers Plc, a prominent name in Nigeria’s fast-food industry, has secured over ₦1 billion through a private equity placement, marking a significant step toward addressing its financial challenges. This development comes after years of financial strain and operational difficulties reflected in the company’s balance sheet. Recent disclosure to the Nigerian Exchange Group (NGX) confirmed that […]
Read MoreEllah Lakes Posts Zero Revenue For Two Years
Ellah Lakes Plc, a Nigerian agricultural company listed on the Nigerian Exchange (NGX), has reported zero revenue for the second consecutive fiscal year, ending July 2024 The company also recorded a net loss of ₦893.9 million during this period, compounding concerns over its operational and financial difficulties. In addition to these losses, Ellah Lakes […]
Read MoreNeimeth International Pharmaceuticals Appoints New Directors To Bolster Board
Neimeth International Pharmaceuticals Plc has announced the appointment of Ms. Patricia Aderibigbe and Mr. Adeyemi Odusanya as Independent Non-Executive Directors and Mr. Christopher Oshiafi as a Non-Executive Director. These strategic appointments aim to strengthen the company’s governance and drive its growth trajectory. The announcement, disclosed through a recent corporate filing on the Nigerian Exchange (NGX) […]
Read MoreREAN, Access Bank Partner To Advance Renewable Energy
The Renewable Energy Association of Nigeria (REAN) and Access Bank have strengthened their commitment to advancing renewable energy initiatives, a move highlighted at the 2024 Renewable Energy Conference held in Abuja recently. With the theme: ‘Unlocking Affordable Energy for All,’ the event provided a platform for stakeholders to discuss strategies for expanding access to […]
Read MoreART X Lagos Unveils Access ART X Prize Alumni Impact Award
ART X Lagos, West Africa’s premier international art fair, has unveiled the Access ART X Prize Alumni Impact Award during its recent VIP Preview, spotlighting the exceptional accomplishments of past Access ART X Prize winners. This special award celebrates the continued contributions of former prize recipients who have made lasting impacts on the African art […]
Read MoreDangote Group Emerges Nigeria’s Most Tax-Compliant Business
The Dangote Group and its subsidiaries have received honours, emerging as Nigeria’s most tax-compliant business organisation at the Federal Inland Revenue Service (FIRS) Special Day during the recent Lagos International Trade Fair. The recognition came as FIRS celebrated several businesses for their commitment to tax compliance, with Dangote Industries Limited (DIL) and Bluestar Shipping, a […]
Read MoreLotus Bank Exceeds CBN’s Capital Requirements
Lotus Bank Limited, Nigeria’s non-interest bank, has confirmed that it has surpassed the Central Bank of Nigeria’s (CBN) newly set minimum capital requirements. This achievement, attained prior to CBN’s recent adjustment of the capital base for non-interest banks, highlights Lotus Bank’s financial stability and readiness to serve as a national bank. The new capital requirements […]
Read MoreStanbic IBTC Wins Several Awards At 2024 FMDQ Gold Awards
Stanbic IBTC Holdings Plc has won several awards at the recent 2024 FMDQ Gold Awards. This year, the awards honoured Stanbic IBTC Bank for its remarkable achievements in Nigeria’s financial markets, with accolades in the categories of FMDQ FX Market Liquidity Provider, FMDQ Dealing Member of the Year, and FMDQ Fixed Income Market Liquidity Provider. […]
Read MorePZ Cussons Nigeria Announces Oludare Elusakin As New CFO
PZ Cussons Nigeria Plc has announced the appointment of Mr. Oludare Ebenezer Elusakin as the new Chief Financial Officer (CFO) of the company, effective November 11, 2024. This follows the conclusion of the interim tenure of Mr. Brian Egan, who will officially step down on December 20, 2024, after years of dedicated service to the […]
Read MoreSeplat Energy Announces Naira Rate For Q3 Dividend
Seplat Energy Plc has disclosed that a rate of NGN 1,681.42 to 1United States dollar (USD) will be applied to determine the naira equivalent of its third-quarter (Q3) 2024 interim dividend for shareholders opting to receive pay-outs in local currency. This was announced recently via the Nigerian Exchange Limited (NGX), specifies the rate’s basis as […]
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