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JenneteUgo Anya
- September 26, 2024
CSCS Assigns Adesola, Muhammed-Oyebode As Directors
The Central Securities Clearing Systems (CSCS) PLC has strengthened its Board of Directors with the appointment of two accomplished female leaders, Mrs. Bola Adesola and Dr. Aisha Muhammed-Oyebode. The announcement, made on September 25, 2024, underscores the company’s commitment to enhancing its leadership with seasoned professionals who bring significant experience across financial services, corporate governance, […]
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- September 26, 2024
IBPLC Vows Investors Of Growth After Successful Rights Issue
After the largest equity offering in the Nigerian capital market, International Breweries Plc (IBPLC) has reaffirmed its commitment to sustainable growth, signalling confidence among its investors and stakeholders. The company’s recent rights issue facilitated the repayment of its substantial forex-denominated loan, marking a key moment for its financial health and positioning for future expansion. His […]
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- September 25, 2024
NNPC, NLNG, BoA Among 14 SOEs Prepping For NGX Listing
In a major move toward deepening Nigeria’s financial markets, 14 state-owned enterprises (SOEs) have been shortlisted to list their shares on the Nigerian Exchange (NGX), signalling a transformative step for the country’s economic landscape. Among these key national assets are the Nigerian National Petroleum Corporation (NNPC), Nigerian Liquefied Natural Gas Corporation (NLNG), and the Bank […]
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- September 25, 2024
NASD Targets Dividend Payout, Eyes Growth With New Products
The National Association of Securities Dealers (NASD) PLC has announced plans in taking significant steps to address shareholders’ concerns about financial performance and service offerings. Speaking at the 11th Annual General Meeting (AGM) of the NASD PLC in Lagos, Chairman of NASD, Mr. Kayode Falowo, highlighted the Exchange’s focus on delivering sustainable profitability and ensuring […]
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- September 24, 2024
SMEDAN To Host 2024 National MSME Conference In Abuja
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has officially announced the 2024 edition of the National micro, small and medium enterprises (MSMEs) Conference, themed: ‘GROW NIGERIAN: Sustaining an Innovation and Digital-Driven Economy.’ The highly anticipated event, which is set to take place from October 3rd to 5th, 2024, at the Banquet Hall […]
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- September 24, 2024
Filmhouse Shareholders In Court Over ₦4.9bn Planned Sale
A legal battle has erupted among shareholders of Filmhouse Holdings Limited, as Cerrerera Investment Services files a lawsuit against the proposed sale of a 58.1 percent stake in the company to Trivos Film and Media Limited for ₦4.9 billion. The dispute, now before the Federal High Court in Abuja, centres on allegations that Cape Media […]
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- September 24, 2024
SEC To Boost NGX Listings With Government-owned Enterprises
The Securities and Exchange Commission (SEC) has announced plans to encourage government agencies and state-owned enterprises to list on the Nigerian Exchange Limited (NGX). Director-General (DG) of SEC, Mr. Emomotimi Agama, disclosed this initiative in a recent interview in Abuja, highlighting its potential to foster economic inclusivity and wealth creation for Nigerian citizens. “Listing on […]
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- September 24, 2024
FMDQ Approves TrustBanc Holdings’ ₦20bn NICP Programme
TrustBanc Holdings Limited has achieved a significant milestone in Nigeria’s financial services industry, securing approval from FMDQ Securities Exchange for its pioneering ₦20 billion Non-interest Commercial Paper (NICP) Programme. This innovative programme, structured under the Sharia-compliant Al-Wakalah Bi Al-Istithmar (Investment Agency Structure), marks a breakthrough in non-interest financial solutions in the country. The NICP […]
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- 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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