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Jennete Ugo Anya
- 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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- March 20, 2025
Sterling Financial Holdings Lists 16.67bn Shares on NGX
Sterling Financial Holdings Company Plc has expanded its shareholding base with the listing of an additional 16.67 billion ordinary shares on the Nigerian Exchange Limited (NGX) following the successful completion of its private placement. The NGX, in a market bulletin issued on Monday, March 17, 2025, confirmed the listing, stating that the newly added shares […]
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- March 17, 2025
Shell Nigeria Rebrands As Renaissance Africa Energy
Shell Petroleum Development Company of Nigeria Limited (SPDC) has officially changed its name to Renaissance Africa Energy Company Limited following its acquisition by Renaissance, a consortium of Nigerian oil firms. The $2.4 billion deal marks the end of Shell’s 46-year operation in Nigeria under its former identity. A spokesperson for the company, Mr. Tony Okonedo, […]
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- March 17, 2025
Renaissance Africa Acquires Shell’s SPDC
Nigeria’s energy sector has witnessed a major shift following the completion of Shell Petroleum Development Company of Nigeria’s (SPDC) acquisition by Renaissance Africa Energy Holdings (Renaissance). Aradel Holdings Plc, a publicly listed company on the Nigerian Exchange Limited (NGX), confirmed the finalisation of the deal, which follows a sale and purchase agreement signed with Shell […]
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- March 17, 2025
Tantalizers Raises $25m For Expansion
Tantalizers Plc has secured $25 million in fresh capital to fund its expansion into fisheries and entertainment, marking a major diversification move beyond its traditional quick-service restaurant (QSR) business. The company’s Chairman, Alhaji Adam Nuru, announced the development during the ‘Facts Behind the Acquisition’ event at the Nigerian Exchange Limited (NGX). He described the investment […]
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- March 17, 2025
SEC Halts Centurion Registrars’ Operations
The Securities and Exchange Commission (SEC) has suspended Centurion Registrars Limited, along with its sponsored individuals and directors, from participating in any capital market activities due to unresolved complaints. In a statement dated March 14, 2025, the SEC said the suspension, which takes immediate effect, was enforced under its regulatory authority as stipulated in Section […]
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- March 6, 2025
Moniepoint, AfriGO To Launch 5m Contactless Cards In Nigeria
Moniepoint has joined forces with AfriGO, the national domestic card scheme, to introduce five million contactless payment cards across the country. This move is set to accelerate Nigeria’s transition toward a cashless economy by providing consumers and businesses with a seamless and secure way to make transactions using tap-to-pay technology. The initiative leverages Moniepoint’s extensive […]
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- March 6, 2025
AfDB Proposes $230m Trade Finance Boost For Access Bank
The African Development Bank (AfDB) is planning a $230 million trade finance package for Access Bank Plc to enhance trade finance and provide foreign exchange liquidity for small and medium-sized enterprises (SMEs) in Nigeria. A recent Project Summary Note outlines the facility’s structure and expected impact on Nigeria’s trade ecosystem. The package comprises a $170 […]
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