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Jennete Ugo Anya
- January 16, 2025
LemFi Secures $53m in Series B Funding
Remittance-focused fintech startup, LemFi, has successfully raised $53 million in a Series B funding round, marking a significant milestone in its quest to enhance global financial inclusion. The funding round was spearheaded by London-based growth-stage investment firm Highland Europe, with participation from existing investors, including Endeavor Catalyst, Left Lane Capital, Palm Drive Capital, and Y […]
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- January 16, 2025
Zeenab Foods Launches Series 3 Commercial Paper Notes
Zeenab Foods Limited (ZFL) has unveiled its Series 3 Commercial Paper Notes, offering investors the opportunity to participate in a dual-tranche issuance aimed at raising up to N10 billion. This marks a significant milestone in the company’s broader N20 billion Commercial Paper Programme. The Series 3 issuance is divided into Tranche A and Tranche B, […]
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- January 16, 2025
AFC Debuts $500m Perpetual Hybrid Bond
Africa Finance Corporation (AFC), the continent’s leading infrastructure lender, has successfully issued its inaugural $500 million perpetual hybrid bond, setting a new benchmark for African institutions in the global capital markets. This transaction, priced at a 7.50 percent coupon with no fixed maturity date, highlights AFC’s expertise in raising funds to support transformative infrastructure projects […]
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- January 14, 2025
ChamsAccess Appoints Olayemi Odufeso As Managing Director
ChamsAccess Ltd has announced the appointment of Mrs. Olayemi Odufeso as its new Managing Director, marking the beginning of a transformative era for the company. With over 20 years of diverse professional experience, Mrs. Odufeso is set to steer ChamsAccess toward growth and innovation in the tech sector. Mrs. Odufeso’s extensive expertise spans leadership, finance, […]
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- January 14, 2025
Veritas Kapital Assurance Bags Double Awards
Veritas Kapital Assurance Plc emerged as a winner at the 2024 Customer Service Excellence Awards, earning two prestigious titles: Insurance Brand of the Year and Best Customer Care Insurance Chief Executive Officer (CEO) of the Year. The awards ceremony, held recently, recognised the company’s dedication to exceptional customer service and strong brand leadership. Dr. Adaobi […]
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- January 14, 2025
Lasaco Assurance Completes ₦11.10bn Private Placement
Lasaco Assurance Plc has successfully concluded a private placement of 9,250,000,000 ordinary shares of 50 kobo each at ₦1.20 per share, raising a total of ₦11.10 billion. The exercise, which commenced on Monday, September 23, 2024, and ended on Friday, October 4, 2024, was fully subscribed, reflecting strong investor confidence in the company’s prospects. The […]
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- January 13, 2025
FBN Holdings Shares Rise Despite Loan Dispute With GHL
FBN Holdings recorded an 8.05 percent week-to-date (WTD) gain in its share price, closing at ₦30.20 on January 10, 2025, despite being embroiled in a contentious loan dispute with General Hydrocarbons Limited (GHL). The rise reflects resilience amid ongoing legal and operational uncertainties. The dispute centres on a loan transaction initiated during Mr. Oba Otudeko’s […]
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- January 13, 2025
FG Commits To Strengthening Nigeria’s Capital Market
The federal government has pledged to strengthen Nigeria’s capital market as a cornerstone for economic growth and wealth creation for its citizens. This commitment was reiterated by the Honourable Minister of State for Finance, Mrs. Doris Uzoka-Anite, during a weekend meeting with the board of the Securities and Exchange Commission (SEC) in Abuja. Mrs. Uzoka-Anite […]
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- January 13, 2025
MTN Nigeria’s Stock Soars 20% Amid Capital-Raising Success
MTN Nigeria Communications Plc (MTN Nigeria) has witnessed a significant rally in its share price, climbing over 20 percent month-to-date as of January 10, 2025. The stock, which now trades at N242, marks a strong recovery from its November 2024 low of N170. This resurgence reflects renewed investor confidence, bolstered by the company’s strategic capital-raising […]
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- January 13, 2025
NGX Invests in Ethiopian Exchange To Boost Africa’s Finance
In a landmark move to foster economic development across Africa, the Nigerian Exchange Group Plc (NGX Group) has invested in the Ethiopian Securities Exchange (ESX), Ethiopia’s first stock exchange. At the event in Addis Ababa, Mr. Temi Popoola, the Group Chief Executive Officer of NGX Group, described the Exchange as a critical tool for capital […]
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