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JenneteUgo Anya
- December 10, 2024
Chappal Energies Completes Acquisition Of Equinor Nigeria
Chappal Energies has finalised its acquisition of Equinor Nigeria Energy Company (ENEC), a deal which grants the indigenous firm a 53.85 percent interest in oil and gas lease OML 128. This includes a unitised 20.21 percent stake in the prolific Agbami oil field, operated by Chevron, marking a significant milestone for Nigeria’s energy sector. The […]
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- December 10, 2024
Nigerian Stock Market Achieves Top Four Ranking In Africa
The Nigerian stock market has demonstrated remarkable resilience, recording a year-to-date (YtD) growth of 31.34 percent as of December 6, 2024. This performance places it among the top four best-performing exchanges in Africa, despite enduring challenges such as double-digit inflation and a volatile foreign exchange market. Ranked fourth on the continent, the Nigerian Exchange Limited […]
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- December 10, 2024
Seplat Energy Closes $800m Purchase Of ExxonMobil’s Assets
Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, has announced the completion of its $800 million acquisition of ExxonMobil’s Nigerian subsidiary, Mobil Producing Nigeria Unlimited (MPNU). The deal, initially valued at $1.28 billion when first signed in February 2022, was finalised after regulatory approvals, marking […]
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- December 10, 2024
BAT Nigeria Foundation Boosts Agriculture With ₦10m Grants To Young Agripreneurs
The British American Tobacco Nigeria Foundation (BATNF) has reaffirmed its commitment to transforming Nigeria’s agricultural landscape through the Farmers for the Future (F4F) Cohort 5.0 program. In its latest milestone, BATNF awarded ₦10 million in equity-free grants to six enterprising young agripreneurs who have demonstrated exceptional innovation and drive in the agricultural sector. At […]
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- December 9, 2024
FCTA Pushes Infrastructure Development To Unlock Abuja’s Giri District
The Federal Capital Territory Administration (FCTA) has intensified efforts to open up locked communities through strategic investments in road infrastructure, according to Mr. Nyesom Wike, the Honourable Minister of the Federal Capital Territory (FCT). Speaking recently during the inauguration of a three-kilometre access road in the Giri District of Abuja, Mr. Wike emphasised the transformative […]
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- December 9, 2024
Guinness Nigeria Supports Lagos State’s Shopping Festival
Guinness Nigeria has announced its partnership with Lagos State to support the maiden edition of the Lagos Shopping Festival, a groundbreaking initiative designed to boost commerce, tourism, and cultural exchange in Nigeria’s bustling economic hub. The festival, spearheaded by Governor Babajide Sanwo-Olu, aims to provide employment opportunities, stimulate local businesses, and attract global brands, solidifying […]
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- December 9, 2024
FCMB Group Achieves 67% Profit Growth, Reports ₦91.8bn PBT For Q3 2024
FCMB Group Plc has delivered an impressive financial performance for the nine months ended September 30, 2024, posting a 67 percent increase in profit before tax (PBT) to ₦91.8 billion. This strong growth highlights the group’s robust operational efficiency and its sustained trajectory of double-digit expansion across its divisions. The group’s gross revenue surged by […]
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- December 9, 2024
SEC Nigeria Leverages Blockchain To Foster Trust, Transparency
The Securities and Exchange Commission (SEC) is actively exploring the integration of blockchain technology to bolster trust and transparency in Nigeria’s capital market. Dr. Emomotimi Agama, the SEC’s Director-General, revealed this during the annual conference of the Capital Market Correspondents Association of Nigeria in Lagos. Represented by Mr. John Achile, Divisional Head of Legal and […]
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- December 6, 2024
Champion Breweries Gets Shareholder Nod For Capital Raise
Champion Breweries Plc has received shareholder approval to issue up to 1,579,058,099 ordinary shares as part of its strategy to meet Nigerian Exchange Ltd. (NGX) free float requirements and drive its expansion goals. At the company’s Extraordinary General Meeting (EGM) recently held in Lagos, the Chairman of the Board, Mr. Imo-Abasi Jacob, outlined the rationale […]
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- December 6, 2024
Senate Approves Investments, Securities Bill (ISB) 2024
The Senate has passed the Investments and Securities Bill (ISB) 2024, a landmark legislation aimed at revitalising Nigeria’s capital market and boosting investor confidence. The bill, which seeks to repeal the Securities and Exchange Commission (SEC) Act, scaled its third reading recently, marking a significant milestone for the nation’s financial sector. The ISB 2024 introduces […]
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