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JenneteUgo Anya
- November 12, 2024
Dangote, BUA, Others Increase Investments By 30%
In the first half of 2024, leading manufacturing giants in Nigeria, including Dangote Group, BUA Group, and Flour Mills of Nigeria, raised their investments by 30 percent, capitalising on emerging opportunities within the country’s challenging economic environment. According to a recent half-year (H1) review from the Manufacturers Association of Nigeria (MAN), the total investments in […]
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- November 12, 2024
NGX Invest Facilitates Over N1.26tr For Banks’ Recapitalisation
NGX Invest, the digital offering platform of the Nigerian Exchange (NGX), has raised over N1.26 trillion for banks through various rights issues and public offerings. This significant achievement highlights the growing role of the platform in capital-raising efforts across the financial sector. FBN Holdings, which recently launched its N150 billion rights issue, becomes the latest […]
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- November 11, 2024
How Companies Can Align With Sustainable Practices To Attract Investors
In today’s business landscape, sustainability has evolved from a buzzword to a critical component of corporate strategy. As investors increasingly prioritise environmental, social, and governance (ESG) factors in their decision-making, companies that align with sustainable practices stand to gain a competitive edge. For business organisations and startups looking to attract investment, integrating sustainability into their […]
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- November 11, 2024
SEC Plans To Launch Capital Formation Office For MSMEs
In a bid to address the financing challenges faced by micro, small, and medium enterprises (MSMEs) in Nigeria, the Securities and Exchange Commission (SEC) has announced its progress toward establishing a dedicated office for small business capital formation. This office, which is at an advanced planning stage, will provide tailored support to companies seeking to […]
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- November 8, 2024
UBA Seeks Approval For Rights Issue Following Q3 Profit Surge
United Bank for Africa (UBA) has applied to the Nigerian Exchange (NGX) for approval to list a rights issue of 6.8 billion ordinary shares at ₦35.00 each. This follows a strong quarter three (Q3) 2024 financial performance, with UBA reporting a remarkable 101.88 percent increase in pre-tax profit to ₦194 billion and a nine-month total […]
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- November 8, 2024
GPTW Names Wema Bank As Nigeria’s Best Workplace In 2024
Wema Bank has clinched the top spot as Nigeria’s Best Workplace at the prestigious Great Place To Work (GPTW) 2024 Awards. Recognised for its strong commitment to employee well-being, innovative workplace culture, and comprehensive support initiatives, the bank received accolades during a recent ceremony held in Lagos. The award highlights Wema Bank’s exceptional focus on […]
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- November 7, 2024
Access Holdings Reports N209.2bn Q3 Profit
Access Holdings PLC has reported robust financial results for the third quarter (Q3) of 2024, recording a pre-tax profit of N209.2 billion—a 65.01 percent increase over the N126.8 billion posted during the same period last year. This growth contributed to a nine-month cumulative pre-tax profit of N558.1 billion as of September 30, marking an impressive […]
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- November 7, 2024
MTN Nigeria Seeks N50bn In Debt Market To Cover Funding Gap
MTN Nigeria, the largest wireless operator on the continent, has revealed its plans to raise N50 billion in commercial paper to support its short-term working capital needs. This move marks MTN Nigeria’s first return to the debt market this year, following four commercial paper issues last year, which raised a total of N375 billion. In […]
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- November 7, 2024
Moniepoint Appoints Bayo Olujobi As Chief Financial Officer
Moniepoint Microfinance Bank has announced the appointment of Mr. Bayo Olujobi as its new Chief Financial Officer (CFO), a move that aligns with the bank’s commitment to broadening financial inclusion in Nigeria. Mr. Olujobi, a seasoned financial executive, transitions to Moniepoint from Stanbic IBTC Bank (a subsidiary of Standard Bank Group), where he served as […]
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- November 6, 2024
Golden Terra Oil Secures Top Marketing Excellence Award
Golden Terra Oil has been awarded the Outstanding Campaign of the Year at the 2024 National Marketing Stakeholders Summit and Awards, recognising the brand’s impactful and resonant marketing efforts. The event, held recently at the Balmoral Convention Centre at Sheraton Hotel, Ikeja, brought together industry leaders to celebrate notable achievements in innovation and creativity within […]
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