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JenneteUgo Anya
- September 23, 2024
Access Holdings Proposes 45 Kobo Per Share Interim Dividend, H1 PBT Surges By 108%
Access Holdings Plc, Nigeria’s largest bank by assets, has proposed an interim dividend of 45 kobo per share for its shareholders, following its outstanding financial performance in the first half of 2024. This announcement comes as the group’s profit before tax (PBT) grew by 108 percent year-on-year, reaching N348.9 billion for the period ending June […]
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- September 23, 2024
Guinness Nigeria To Divest 58.02% Equity Stake At N81.60
Guinness Nigeria Plc has received approval from the Nigerian Exchange Limited (NGX) to proceed with a significant block divestment of 1.27 billion ordinary shares, representing 58.02 percent of its issued shares. The shares will be sold at a premium price of N81.60 each, valuing the transaction at approximately N103 billion. As of September 17, Guinness […]
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- September 23, 2024
MTN Group Earns Top Honours In 2024 Reporting, IRs Awards
MTN Group has recently garnered significant recognition in two prestigious awards for its commitment to engaging with capital markets stakeholders. The company’s integrated annual report received an ‘Excellent’ designation at the 2024 EY Excellence in Integrated Reporting Awards, positioning MTN among the top 24 companies listed on the Johannesburg Stock Exchange (JSE). This award evaluates […]
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- September 20, 2024
CBN Designates Lady Chuwudozie As Chair Of Keystone Bank
The Central Bank of Nigeria (CBN) has appointed Lady Ada Chukwudozie as the Chairperson of Keystone bank’s newly reconstituted Board. The recent announcement also includes the appointment of seven other new board members. Lady Chukwudozie, a well-regarded figure in Nigeria’s corporate sector with nearly 30 years of experience, will lead the board. Her career spans […]
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- September 20, 2024
Nigerian Breweries Is Set To Raise N599bn Through Rights Issue As Heineken Freezes Loan Interest
Nigerian Breweries PLC has secured crucial support from its parent company, Heineken, which has agreed to suspend interest payments on loans to the Nigerian subsidiary. This development was announced by Managing Director, Mr. Hans Essaadi, at the Nigerian Exchange (NGX) ‘Facts Behind the Rights Issue’ event. The suspension of loan interest is part of Nigerian […]
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- September 19, 2024
Sterling HoldCo Gains $50m Capital Influx
Sterling Financial Holdings Company ( Sterling HoldCo) Plc has successfully raised $50 million (approximately N75 billion) to meet the Central Bank of Nigeria’s (CBN) recapitalisation directive for its subsidiaries. This capital raise, which was secured through a private placement from a consortium of domestic investors and ultra-high-net-worth individuals in Lagos, is now in the final […]
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- September 18, 2024
Neveah Settles N20bn Commercial Paper
Neveah Limited, a leading Nigerian commodity trading company specialising in the export of solid minerals and agricultural products, has announced the redemption of its N1.9 billion Series 15 commercial paper notes, which were issued in November 2023. This marks the completion of the company’s N20 billion commercial paper programme (CPP). Since its inception in 2014, […]
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- September 18, 2024
Shareholders Examine NASD Ahead Of AGM
As NASD PLC prepares for its 11th Annual General Meeting (AGM), the exchange is under heightened scrutiny from its shareholders, particularly the investment company VFD Group. Known for its active participation in the Nigerian capital market, VFD Group has raised significant concerns about NASD’s governance structure and financial standing. In recent years, NASD has struggled […]
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- September 16, 2024
GTCO Becomes First Nigerian Bank To Hit N1trn Pre-Tax Profit Milestone In 6 Months
Guaranty Trust Holding Company (GTCO) has made history by becoming the first Nigerian financial institution to surpass N1 trillion in pre-tax profits within just six months. The impressive feat was disclosed in its second-quarter 2024 audited financial statements, which revealed a pre-tax profit of N494.5 billion, nearly doubling the N252.5 billion reported in the same […]
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- September 16, 2024
First Bank Sees Stock Surge By Over 30%
First Bank of Nigeria experienced a remarkable 31.81 percent surge in its stock price during the second week of September 2024. This significant rise came after the bank’s announcement on Friday, September 7th, of the 100 percent sale of its stake in FBNQuest Merchant Bank to EverQuest. The news followed the release of the bank’s […]
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