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Jennete Ugo Anya
- 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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- March 5, 2025
BUA Cement Declares ₦2.05 Final Dividend
BUA Cement Plc has announced a final dividend of ₦2.05 per ordinary share of 50 kobo for the financial year ended December 31, 2024, with payments scheduled for August 28, 2025. In a recent statement published on the Nigerian Exchange Group (NGX) and signed by Company Secretary, Hauwa Satomi, BUA Cement confirmed that only shareholders […]
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- March 5, 2025
Smart Residences Gets ₦2.5bn In Series II Commercial Paper
Smart Residences Limited (SRL), a leading Nigerian hospitality firm, has successfully redeemed its Series I commercial paper while securing full subscription for its Series II issuance, raising ₦2.5 billion from investors. The Series I commercial paper, issued on April 24, 2024, was fully redeemed on January 16, 2025, reaffirming SRL’s commitment to meeting its financial […]
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