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Jennete Ugo Anya
- March 24, 2025
CWG Plc Reports N4.4bn Pre-Tax Profit, Announces Dividend
CWG Plc has reported a remarkable financial performance for the year ended December 31, 2024, posting a pre-tax profit of N4.4 billion, representing a 290.24 percent increase from the N1.1 billion recorded the previous year. The company’s full-year revenue surged by 97 percent year-over-year, reaching N46.3 billion, nearly doubling the N23.5 billion reported in 2023. […]
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- March 24, 2025
LivingTrust Mortgage Bank Obtains CBN’s Approval To Appoint 8 New Directors
LivingTrust Mortgage Bank Plc has secured approval from the Central Bank of Nigeria (CBN) to appoint eight new directors to its board, a move that highlights its commitment to strengthening leadership and driving its growth strategy. The bank, in a notification to the Nigerian Exchange Group Limited (NGX Group) signed by its Managing Director and […]
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- March 24, 2025
SEC Reaffirms Zero Tolerance for Market Infractions
In a decisive move to bolster confidence in Nigeria’s capital market, the Securities and Exchange Commission (SEC) has reaffirmed its commitment to zero tolerance for market infractions. Director-General of SEC, Dr. Emomotimi Agama, announced over the weekend that only ‘fit and proper’ individuals and entities would be allowed to operate in the financial markets. Dr. […]
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- March 21, 2025
Dangote Cement Appoints Fapohunda as Group Financial Officer
Dangote Cement Plc has announced the appointment of Dr. Gbenga Fapohunda as its Group Financial Officer (GFO), effective January 1, 2025. The company confirmed this leadership change in a corporate filing with the Nigerian Exchange Ltd. (NGX) recently. Dr. Fapohunda, a seasoned finance executive with over two decades of expertise, steps into the role at […]
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- March 21, 2025
FirstHoldco Plc Attains Full-subscription of N150bn Rights Issue
FirstHoldco Plc has successfully completed its N150 billion Rights Issue, surpassing expectations with a 25 percent oversubscription. The company raised N187.6 billion in the first phase of its capital-raising initiative, reinforcing investor confidence in its strategic direction. Announcing the milestone, Group Managing Director of FirstHoldco Plc, Mr. Adebowale Oyedeji, highlighted the enthusiastic shareholder response, attributing […]
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- March 21, 2025
Flutterwave, FIRS Partner To Digitise Tax Collection In Nigeria
Flutterwave, one of Africa’s top payment technology firms, has partnered with the Federal Inland Revenue Service (FIRS) to modernise tax collection in Nigeria. The initiative aims to simplify tax compliance by providing multiple digital payment options, real-time reporting, and offline capabilities for areas with limited internet access. Flutterwave CEO, Mr. Olugbenga ‘GB’ Agboola, emphasised the […]
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- March 21, 2025
BOI Unveils N10bn GLOW Fund to Boost Female Entrepreneurs
The Bank of Industry (BOI) has launched the Guaranteed Loans for Women (GLOW) Fund, a N10 billion initiative aimed at bridging the financial inclusion gap for female entrepreneurs in Nigeria. Announced by BOI Managing Director, Dr. Olasupo Olusi, the fund will provide women-led businesses with access to capital, mentorship, and capacity-building support. With 23 million […]
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- March 20, 2025
Transcorp Posts Record N408bn Revenue, N94bn Profit In 2024
Transnational Corporation Plc (Transcorp) has recorded its strongest financial performance yet, with revenue surging by 107 percent to N408 billion in 2024, up from N197 billion in the previous year. Profit before tax (PBT) soared by 132 percent to N136.7 billion, while profit after tax (PAT) jumped 188 percent to ₦94.1 billion, reinforcing Transcorp’s position […]
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- March 20, 2025
CBN Clears Greenwich Holdings Limited To Commence Services
The Central Bank of Nigeria (CBN) has granted regulatory approval to Greenwich Merchant Bank Limited for the commencement of operations of its financial holding company, Greenwich Holdings Limited. This approval marks a major milestone for the Greenwich Group, enabling it to consolidate its financial services, expand into new markets, and strengthen its position in Nigeria’s […]
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- March 20, 2025
TAJBank Seeks N20bn Sukuk Bond To Strengthen Capital Base
TAJBank, Nigeria’s leading non-interest bank, has unveiled plans to issue a N20 billion Mudarabah Sukuk bond as part of its ongoing strategy to bolster its Additional Tier 1 capital. This move aligns with the bank’s N100 billion Sukuk programme aimed at driving expansion and deepening financial inclusion. Announcing the development, TAJBank’s Founder and CEO, Mr. […]
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