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Jennete Ugo Anya
- November 18, 2024
UBA Plc Launches ₦239.4bn Rights Issue To Drive Growth
United Bank for Africa (UBA) Plc, Africa’s Global Bank, has officially commenced its ₦239.4 billion Rights Issue, offering 6,839,884,274 ordinary shares at ₦35.00 per share. The offer, which was opened on Friday, 15 November, 2024, is based on a ratio of one new ordinary share for every five existing shares held as of November 5, […]
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- November 18, 2024
Wema Bank Announces New Board Appointments
Wema Bank Plc has unveiled significant board changes, naming a new Deputy Managing Director and Executive Director to take effect upon the retirement of Mr. Oluwole Akinleye, the bank’s current Deputy Managing Director, on November 30, 2024. These appointments reflect the bank’s strategic commitment to ensuring continuity and leadership excellence. Following Mr. Akinleye’s retirement, Mr. […]
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- November 18, 2024
MTN Nigeria Secures ₦75bn In Oversubscribed CPI
MTN Nigeria, the country’s leading mobile network operator, has successfully raised ₦75 billion through its commercial paper issuance (CPI) program, highlighting investor confidence despite a turbulent financial year. The funds, raised under Series 11 and 12 of the company’s ₦250 billion commercial paper issuance programme, will bolster daily operations and address immediate financial obligations. Initially […]
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- November 15, 2024
Tantalizers Plc Secures N1bn Through Private Equity Placement
Tantalizers Plc, a prominent name in Nigeria’s fast-food industry, has secured over ₦1 billion through a private equity placement, marking a significant step toward addressing its financial challenges. This development comes after years of financial strain and operational difficulties reflected in the company’s balance sheet. Recent disclosure to the Nigerian Exchange Group (NGX) confirmed that […]
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- November 15, 2024
Ellah Lakes Posts Zero Revenue For Two Years
Ellah Lakes Plc, a Nigerian agricultural company listed on the Nigerian Exchange (NGX), has reported zero revenue for the second consecutive fiscal year, ending July 2024 The company also recorded a net loss of ₦893.9 million during this period, compounding concerns over its operational and financial difficulties. In addition to these losses, Ellah Lakes […]
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- November 15, 2024
Neimeth International Pharmaceuticals Appoints New Directors To Bolster Board
Neimeth International Pharmaceuticals Plc has announced the appointment of Ms. Patricia Aderibigbe and Mr. Adeyemi Odusanya as Independent Non-Executive Directors and Mr. Christopher Oshiafi as a Non-Executive Director. These strategic appointments aim to strengthen the company’s governance and drive its growth trajectory. The announcement, disclosed through a recent corporate filing on the Nigerian Exchange (NGX) […]
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- November 15, 2024
REAN, Access Bank Partner To Advance Renewable Energy
The Renewable Energy Association of Nigeria (REAN) and Access Bank have strengthened their commitment to advancing renewable energy initiatives, a move highlighted at the 2024 Renewable Energy Conference held in Abuja recently. With the theme: ‘Unlocking Affordable Energy for All,’ the event provided a platform for stakeholders to discuss strategies for expanding access to […]
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- November 14, 2024
ART X Lagos Unveils Access ART X Prize Alumni Impact Award
ART X Lagos, West Africa’s premier international art fair, has unveiled the Access ART X Prize Alumni Impact Award during its recent VIP Preview, spotlighting the exceptional accomplishments of past Access ART X Prize winners. This special award celebrates the continued contributions of former prize recipients who have made lasting impacts on the African art […]
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- November 14, 2024
Dangote Group Emerges Nigeria’s Most Tax-Compliant Business
The Dangote Group and its subsidiaries have received honours, emerging as Nigeria’s most tax-compliant business organisation at the Federal Inland Revenue Service (FIRS) Special Day during the recent Lagos International Trade Fair. The recognition came as FIRS celebrated several businesses for their commitment to tax compliance, with Dangote Industries Limited (DIL) and Bluestar Shipping, a […]
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- November 14, 2024
Lotus Bank Exceeds CBN’s Capital Requirements
Lotus Bank Limited, Nigeria’s non-interest bank, has confirmed that it has surpassed the Central Bank of Nigeria’s (CBN) newly set minimum capital requirements. This achievement, attained prior to CBN’s recent adjustment of the capital base for non-interest banks, highlights Lotus Bank’s financial stability and readiness to serve as a national bank. The new capital requirements […]
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