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JenneteUgo Anya
- November 28, 2024
Fidelity Bank CEO Acquires ₦239m Worth Of Shares
The Managing Director (MD)\ Chief Executive Officer (CEO) of Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe, has expanded her stake in the bank with the acquisition of 15 million shares in a transaction worth ₦239.4 million. The purchases were carried out over two days, November 21 and 22, 2024, at an average price of ₦15.96 per […]
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- November 27, 2024
Kwararafa Africa Moves To Acquire Minority Shares In Notore
Notore Chemical Industries Plc has announced a significant development in its ownership structure with an offer from Kwararafa Africa Limited to acquire shares held by the company’s minority shareholders. The notification, issued on November 26, 2024, was signed by the company’s Secretary, Mr. Matthias Ogwuche, and published on the Nigerian Exchange Limited (NGX) disclosure platform. […]
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- November 27, 2024
Japaul Gold Signs N26bn Sand Mining Contract For Gracefield
Japaul Gold and Ventures Plc has taken a significant step in its operations with the announcement of a N26 billion sand mining contract with Gravitas Investment Limited. The agreement covers the mining of 3.5 million cubic meters of sand to reclaim 200 hectares of swamps and lagoons at Gracefield Island, a high-end development situated at […]
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- November 27, 2024
Airtel Africa Names Dinesh Balsingh As CEO Of Airtel Nigeria
Airtel Africa has appointed Mr. Dinesh Balsingh as the new Managing Director (MD) and Chief Executive Officer (CEO) of Airtel Nigeria. The appointment, effective November 1, 2024, also makes Mr. Balsingh a member of the Airtel Africa Group’s Executive Council. He succeeds Mr. Carl Cruz, who stepped down in October 2024 after a 17-month tenure […]
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- November 26, 2024
Banks, Companies Raise Over ₦2.7trn From Capital Market-SEC
The Securities and Exchange Commission (SEC) has revealed that over ₦2.7 trillion has been raised in Nigeria’s capital market by banks and other companies. This amount, which includes equity capital, excludes funds raised by fund managers. Notably, banks accounted for approximately ₦1.7 trillion of the total through recapitalisation exercises. Dr. Emomotimi Agama, the SEC Director-General, […]
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- November 26, 2024
Norrenberger Appoints Pabina Yinkere As MD/CEO
Norrenberger Asset Management Limited, a subsidiary of Norrenberger Holding Company Limited, has announced the appointment of Mr. Pabina Yinkere as its new Managing Director (MD)/Chief Executive Officer (CEO). The company describes this milestone as a recognition of his exceptional leadership, innovative approach, and dedication to driving growth within the asset management sector. Mr. Yinkere’s appointment […]
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- November 26, 2024
FCMB Partners With EStars To Introduce Esports Education
First City Monument Bank (FCMB) has joined partnered with EStars to introduce esports education to Nigerian schools, targeting students aged 7 to 14 in primary and secondary institutions. The initiative is designed to equip young Nigerians with critical skills for navigating a digital and technology-driven world. EStars launched its educational esports platform in Nigeria on […]
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- November 26, 2024
OPay Adopts Nigeria’s AfriGO Card To Boost Digital Payments
Financial technology firm OPay has adopted Nigeria’s domestic card, AfriGO, as part of its efforts to enhance digital payment services across the country. The AfriGO card, developed under Nigeria’s National Domestic Card Scheme, is powered by Afrigopay Financial Services Limited (AFSL), a subsidiary of the Nigeria Inter-Bank Settlement System (NIBSS). Speaking on the initiative, OPay’s […]
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- November 25, 2024
NGX Trading Volume Drops To 77% As Inflation Concerns Weigh On Investor Sentiment
The Nigerian Exchange (NGX) Limited experienced a sharp drop in trading volume last week, with transactions falling by 77 percent as investors reassessed their portfolios amid prevailing macroeconomic uncertainties. Recent data from the exchange showed that trading volume dropped significantly, with investors transacting 1.482 billion shares worth ₦38.875 billion in 44,795 deals. This marked a […]
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- November 25, 2024
Domestic Investors Dominate NGX As Transactions Hit ₦3.73tn YTD
Domestic transactions on the Nigerian Exchange (NGX) reached a remarkable ₦3.73 trillion year-to-date (YTD) in October 2024, accounting for 83.35 percent of the total market activity. This highlights the dominance of local investors in driving Nigeria’s capital market. Total market transactions in October stood at ₦502.73 billion, marking a slight 1.97 percent increase from September’s […]
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