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Jennete Ugo Anya
- January 23, 2025
Stanbic IBTC Launches N148.7bn Rights Issue via NGX
Stanbic IBTC Holdings has unveiled its N148.7 billion rights issue, offering existing shareholders an opportunity to expand their stake in the company. The announcement was made during the ‘Facts Behind The Figures’ event hosted by the Nigerian Exchange (NGX) on January 21, 2025. The rights issue involves the issuance of 2,944,772,083 ordinary shares at 50 […]
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- January 23, 2025
World Bank Debars Two Nigerian Companies\CEO For Fraudulent Practices
The World Bank Group has imposed a 30-month debarment on two Nigerian companies, Viva Atlantic Limited and Technology House Limited, along with their Managing Director and Chief Executive Officer, Mr. Norman Bwuruk Didam. This decision follows findings of fraudulent, collusive, and corrupt practices linked to the National Social Safety Nets Project (NSSNP) in Nigeria. According […]
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- January 23, 2025
Ecobank Nigeria Partners CrediCorp To Offer Affordable Loans
Ecobank Nigeria has joined forces with the Nigerian Consumer Credit Corporation (CrediCorp) to provide affordable and flexible loan options designed to meet the diverse needs of Nigerians. This initiative targets key financial obligations, including school fees, rent, maintenance costs, medical bills, car purchases, and asset financing. The program is open to civil servants and private-sector […]
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- January 23, 2025
IR Surfaces In Alleged Fraud Case Between Mercy Chinwo, Her Manager
By Enam Obiosio From an investor relations (IR) standpoint, the recent alleged fraud case between Mercy Chinwo, Nigerian gospel singer, and Ezekiel Onyedikachukwu, her business manager, offers critical insights into the potential risks and governance concerns for investors in the entertainment sector. The issuance of an arrest warrant for Onyedikachukwu over the alleged fraudulent activities, […]
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- January 22, 2025
Enugu State Enters Into Joint Venture With Landmark Africa
The Enugu State Government has entered into a joint venture with Landmark Africa Group to revitalise Nike Lake Resort, a historic hospitality landmark in Enugu. Under this public-private partnership (PPP), the state government will provide the Nike Lake Resort as an asset, while Landmark Africa will invest ₦10 billion in the initial phase, managing and […]
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- January 20, 2025
Abbey Mortgage Bank To Hold EGM On Strategic Transition
Abbey Mortgage Bank Plc has scheduled an Extraordinary General Meeting (EGM) for Friday, January 24, 2025, to seek shareholder approval for critical resolutions supporting its transformation into a regional commercial bank. In a recent notice to the Nigerian Exchange Limited, the bank outlined its plans to increase and allot additional share capital. This initiative is […]
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- January 20, 2025
NASD OTC Securities Exchange Achieves Remarkable Growth In 2024
The NASD OTC Securities Exchange Plc recorded impressive growth in 2024, with its Securities Index closing at 223.64 percent and the NASD Pension Index reaching an outstanding 433.20 percent. Despite challenges in the operating environment, trading activity surged significantly, with the number of trades increasing by 127.31 percent year-on-year and the value of trades rising […]
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- January 20, 2025
SEC Reminds CMOs To Renew Registration By January 31, 2025
The Securities and Exchange Commission (SEC) has issued a reminder to Capital Market Operators (CMOs) to complete their annual registration renewal by January 31, 2025. This directive, outlined in a recent circular, mandates operators to begin the renewal process from January 1, 2025. According to the SEC, the annual renewal ensures that only qualified and […]
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- January 17, 2025
Concerning The Dispute Between FBN Holdings And GHL
From: Enam Obiosio Date: January 17, 2025 To: All Parties Concerned Subject: Ensuring a Peaceful Resolution to Safeguard Stakeholder Interests and Market Stability The ongoing dispute between FBN Holdings Plc and General Hydrocarbons Limited (GHL) over the alleged $225 million loan has raised significant concerns within the financial and investment communities. This conflict, if left […]
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- January 16, 2025
OpenAI Appoints Ogunlesi As Board Of Directors
OpenAI, the San Francisco-based artificial intelligence leader, has announced the appointment of Mr. Adebayo Ogunlesi to its Board of Directors. Mr. Ogunlesi, a Senior Managing Director at BlackRock Inc. and former Chairman and Chief Executive Officer (CEO) of Global Infrastructure Partners (GIP), brings extensive expertise in infrastructure investments and global market strategy to the organisation. […]
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