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JenneteUgo Anya
- January 10, 2025
BoI Secures ₦3.5trn To Strengthen Nigerian MSMEs
The Bank of Industry (BoI), Nigeria’s leading development finance institution, has successfully secured €1.879 billion (approximately ₦3.05 trillion) from international markets in 2024, marking the largest funding deal ever secured by an African development finance institution. This landmark achievement, led by BoI’s Managing Director, Dr. Olasupo Olusi, was realised through a dual-layer guarantee structure developed […]
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- January 10, 2025
Honeywell Flour Mills Surges By 32% MTD In Early January
Shares of Honeywell Flour Mills Plc have risen by 32 percent month-to-date (MTD), making it the top-performing consumer goods stock on the Nigerian Exchange in early January. This remarkable growth follows the brand relaunch led by Flour Mills of Nigeria (FMN), which holds a 71.69 percent stake in Honeywell. The relaunch, introduced in mid-December 2024, […]
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- January 10, 2025
NGX Records N12.17trn In FGN Bonds, Corporate Listings
Nigerian Exchange Limited (NGX) has achieved an impressive milestone in 2024, recording listings worth approximately ₦12.17 trillion, split between Federal Government of Nigeria (FGN) Bonds and corporate instruments. This reflects the government’s strategic reliance on the capital market to raise domestic funds and an active year for corporate listings. FGN Bonds, issued by the Debt […]
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- January 8, 2025
Landmark Africa To Relocate Head Office From Lagos
Landmark Africa, the company behind the renowned Landmark Beach Resort in Lagos, has announced plans to relocate its head office from Lagos and expand its presence to two other African countries and three Nigerian states. This decision follows the controversial demolition of the Landmark Beach Resort in April 2024, which resulted in an estimated financial […]
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- January 8, 2025
OAuGF Uncovers ₦514bn Financial Infractions In NNPCL’s 2021 Financial Operations
The Office of the Auditor-General for the Federation (OAuGF) has uncovered financial irregularities amounting to ₦514 billion in the 2021 financial operations of the Nigerian National Petroleum Company Limited (NNPCL). The findings were detailed in the 2021 Audit Report on Non-Compliance and Internal Control Weaknesses in ministries, departments, and agencies (MDAs) and highlighted significant breaches […]
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- January 8, 2025
GTCO Raises N209bn Through Public Offer
Guaranty Trust Holding Company (GTCO) Plc has successfully raised ₦209.41 billion through a public offer, marking the completion of the first phase of its equity capital raise programme. In a statement released recently, GTCO announced that the public offer was concluded following capital verification by the Central Bank of Nigeria (CBN) and approval of the […]
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- January 8, 2025
NGX Unveils Equity-based Commodity Index
The Nigerian Exchange Limited (NGX) has unveiled an Equity-Based Commodity Index aimed at tracking the performance of companies operating in energy, agriculture, mining, metals, and natural resources sectors. This new index, debuting with an initial value of 1,000, includes key players such as Geregu Power Plc, Multiverse Mining and Exploration Plc, Okomu Oil Palm Plc, […]
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- January 6, 2025
Oando Plc Appoints Mr. Ademola Akinrele As Chairman Of Board of Directors
Oando Plc has appointed Mr. Ademola Akinrele as the new Chairman of its Board of Directors, effective immediately after the conclusion of the Annual General Meeting (AGM) held on December 17, 2024. This appointment follows the resignation of His Royal Majesty, Oba Adedotun Gbadebo, who officially stepped down after serving on the Board for over […]
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- January 6, 2025
Long-Term Funding Drives ₦5.1trn In New Listings On NGX
The pursuit of long-term funding fuelled the listing of three major companies—Transcorp Power Plc, Aradel Holdings Plc, and Haldane McCall Plc—on the Nigerian Exchange (NGX) in 2024, contributing a combined ₦5.1 trillion to the market’s capitalisation. This influx has significantly deepened the equities market and enhanced investor confidence. Transcorp Power Plc, a subsidiary of Transnational […]
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- January 6, 2025
SEC DG Vows Stricter Clampdown On Ponzi Schemes In 2025
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has reaffirmed the regulator’s commitment to intensifying efforts against investment fraud, commonly known as Ponzi schemes, in 2025. In his recent New Year message to the capital market community, Dr. Agama highlighted plans to revamp regulatory frameworks to enhance detection, prevention, and accountability […]
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