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Jennete Ugo Anya
- 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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- March 5, 2025
Fidelity Bank’s Additional Share Listing Lifts NGX By N94bn
The Nigerian Exchange (NGX) had seen a boost in market capitalisation on Monday, 3 March, 2025, as Fidelity Bank Plc’s listing of additional shares added N94 billion to the exchange. This came after the successful conclusion of the bank’s hybrid offer, which included both a rights issue and a public offer that were oversubscribed. A […]
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- March 5, 2025
Investor Relations View On Nigeria’s Tax Reforms And Growth
By Enam Obiosio I find the seeming debate between Mr. Taiwo Oyedele, Chairman of the Presidential Committee on Tax Reforms, and Dr. Paul Alaje, Chief Economist of SPM Professionals, on tax reforms particularly relevant to the investment climate in Nigeria. While tax reforms present an opportunity for economic transformation, they also raise critical concerns that […]
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- February 27, 2025
Sinotruk, Dangote Mark 10 Years of Partnership In Truck
The Chairman of Sinotruk and President of Shandong Heavy Industry Group, Mr. Wang Zhijian, has visited the Dangote Sinotruk West Africa Ltd (DSWAL) assembly plant in Ikeja, Lagos, as part of a commemorative tour celebrating 10 years of partnership between Sinotruk and Dangote Group. Mr. Zhijian and his delegation were received by the Managing Director […]
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- February 27, 2025
NNPC Seals Joint Venture Shipping Deal With Stena, Caverton
The Nigerian National Petroleum Corporation (NNPC) Limited has announced that its subsidiary, NNPC Shipping, has entered into a joint venture agreement with Stena Bulk and Caverton Marine Limited to facilitate the shipping of various petroleum products across the industry. According to a recent statement by the company’s Chief Corporate Communications Officer, Mr. Olufemi Soneye, the […]
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- February 27, 2025
FG Seeks Saudi Investment For Infrastructure Development
The federal government has initiated discussions with the Saudi Fund for Development (SFD) to secure investments for the country’s infrastructure development. Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, hosted a high-level delegation from the fund, led by its Chief Executive Officer (CEO), Mr. Sultan Al-Marshad, in Abuja recently. According […]
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- February 25, 2025
Sterling Postpones 2024 Audited Financials
Sterling Financial Holdings Company Plc has announced a delay in the release of its Audited Financial Statements for the fiscal year ending December 31, 2024, citing ongoing changes in the core banking application used by its subsidiary, Sterling Bank. In a recent statement signed by its Executive Director, Olayinka Oni, the company explained that the […]
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- February 25, 2025
President Tinubu Backs Flutterwave’s Plans For NGX Listing
President Bola Tinubu has pledged his administration’s support for financial technology firms that provide payment infrastructure services for Nigerians and Africans. He made this commitment recently when he met with the leadership of Flutterwave and Alami Capital at the Presidential Villa in Abuja. Flutterwave, a Nigerian fintech giant valued at over $3 billion, is currently […]
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- February 24, 2025
VFD Group Injects ₦5bn Into V Bank, Signals Growth Intent
VFD Group Plc has approved a ₦5 billion capital injection into its digital-first subsidiary, VFD Microfinance Bank (V Bank), reinforcing its commitment to strengthening the financial institution’s operations. The approval, dated February 18, 2025, was disclosed in a statement released on the Nigerian Exchange (NGX) on February 19, 2025, and signed by Gbeminiyi Shoda, the […]
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