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Jennete Ugo Anya
- 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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- December 24, 2024
NGX Group, SEC Forge Stronger Global Partnerships With India
The Nigerian Exchange Group (NGX Group), in collaboration with the Securities and Exchange Commission (SEC) Nigeria, has strengthened its global partnerships through strategic engagements with India’s financial ecosystem. The high-level meetings, held on December 16 and 17, 2024, at the National Stock Exchange (NSE) headquarters in Mumbai, marked a significant step in enhancing the Nigerian […]
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- December 24, 2024
NGX CEO Unveils Plans For Tokenisation To Attract Gen Z
The Chief Executive Officer of the Nigerian Exchange Limited (NGX), Mr. Jude Chiemeka, has announced plans to tokenise Nigerian assets as part of a strategy to attract Gen Z and Millennial investors to the stock market. Speaking at the 2024 Investor Summit & Awards Dinner hosted by Emerging Africa recently, Mr. Chiemeka highlighted the changing […]
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- December 24, 2024
SEC Approves Elumelu, Heirs Holdings’ Plan To Increase Stake In Transcorp To 35.94%
The Securities and Exchange Commission (SEC) has granted approval to Mr.Tony Elumelu, Dr. (Mrs.) Awele Vivien Elumelu, and Heirs Holdings Limited to increase their combined shareholding in Transnational Corporation (Transcorp) Plc to 35.94 percent. This move, achieved through direct and indirect share purchases, underscores a significant consolidation of control within one of Nigeria’s leading conglomerates. […]
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