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Jennete Ugo Anya
- December 31, 2024
Tantalizers Finalises MoU For DanBethel Marine Acquisition
Tantalizers Plc has finalised the signing of Memorandum of Understanding (MoU) to acquire all assets of DanBethel Marine Services Limited, an Apapa-based marine and fishing enterprise. This strategic move comes shortly after Tantalizers secured ₦1.07 billion through a fully subscribed private placement, backed by Messrs Food Specialties and Banklink Africa Private Equities, who collectively acquired […]
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- December 31, 2024
FCMB Group Plc Completes Public Offer With 33% Oversubscription Rate
FCMB Group Plc has successfully completed its public offer, raising an impressive ₦147.5 billion with a 33 percent oversubscription rate. The offer attracted 42,800 investors, with 92 percent subscribing through digital channels such as the bank’s mobile app. This milestone also welcomed over 39,000 new investors into the Group, highlighting its strong appeal as a […]
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- December 30, 2024
Capital Market Defies Headwinds To Record Growth In 2024
In a year marked by significant economic headwinds, Nigeria’s capital market has proven its resilience and capacity to drive the nation’s economic ambitions forward. As Africa’s largest economy marches towards the audacious goal of a $1 trillion economy by 2030, the Nigerian Exchange Limited (NGX) closed 2024 with an impressive market capitalisation of ₦61.944 trillion, […]
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- December 30, 2024
2024 In Focus: Nigeria’s Billion-dollar M&A Boom Reshapes Key Sectors
Nigeria’s corporate landscape witnessed an unprecedented surge in mergers and acquisitions (M&A) in 2024, marking the highest activity level since 2014. With deals valued at a staggering $3.8 billion in the first nine months alone, the country became the second-largest M&A hotspot in Africa, trailing only South Africa, according to DealMakers Africa. The year has […]
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- December 27, 2024
MTN Nigeria Announces Series 15, 16 Commercial Papers
MTN Nigeria has announced its intention to issue Series 15 and 16 Commercial Papers, targeting ₦50 billion under its ongoing ₦250 billion Commercial Paper Issuance Programme. This decision follows the overwhelming success of its Series 13 and 14 issuances, which raised ₦72.18 billion on November 29, 2024—a significant oversubscription of 144 percent against the initial […]
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- December 27, 2024
SEC Approves HH Capital’s MTO For Transcorp Shares
The Securities and Exchange Commission (SEC) has officially approved HH Capital Limited’s mandatory tender offer (MTO) for shares of Transnational Corporation Plc (Transcorp), marking a significant regulatory milestone in the ongoing shareholder restructuring of the conglomerate. With this approval, HH Capital is set to tender 2,032,399 shares, representing 0.02 percent of Transcorp’s total outstanding shares, […]
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- December 27, 2024
Global Gas Faults NUPRC’s Approval Of Shell’s $2.4bn Asset Sale To Renaissance
Global Gas and Refining Limited has raised strong objections to the reported approval by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for Shell Petroleum Development Company (SPDC) to sell its $2.4 billion onshore assets to Renaissance Africa Energy Company Limited. The company’s chairman, Mr. Kenneth Yellowe, expressed his concerns in a recent statement, emphasising that […]
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- December 27, 2024
NNPC Ltd Unveils Production Monitoring Command Centre
In a significant stride toward modernising Nigeria’s oil and gas sector, the Nigerian National Petroleum Company Limited (NNPC Ltd) has introduced its state-of-the-art Production Monitoring Command Centre (PMCC). This initiative, described as a ground-breaking leap in operational efficiency and transparency, is poised to redefine how hydrocarbon production and transportation are monitored across the country. The […]
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- December 27, 2024
Nigeria’s Cryptocurrency Market Set To Reach $52.5m By 2028 – SEC
Nigeria’s cryptocurrency market is projected to grow significantly, with expectations to hit $52.5 million by 2028, according to the Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama. While this growth signals immense potential, Dr. Agama revealed that not all cryptocurrency companies applying for registration under the commission’s Regulatory Incubation (RI) and Accelerated […]
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- December 24, 2024
Singaporean, Nigerian Firms Seal $4.5bn Deal To Build Film City
In a groundbreaking move for Africa’s creative and tech industries, TSC Global, a Singapore-based company, and Nigeria’s Del-York Group have entered into a historic joint venture valued at $4.5 billion. This partnership, which represents the largest investment in Africa’s creative sector, will see the development of the Lagos Film City (Kebulania), a state-of-the-art facility set […]
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