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JenneteUgo Anya
- November 19, 2024
Transcorp Plc Completes Successful Share Reconstruction
In a move aimed at enhancing long-term shareholder value, Transnational Corporation (Transcorp) Plc, one of Nigeria’s foremost conglomerates, has recently completed a successful share reconstruction. This strategic initiative aligns with the company’s growth trajectory and its goal of maximising value for its investors. The share reconstruction involved consolidating the company’s total issued shares at a […]
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- November 19, 2024
Three Stocks Record Over N19.8bn Turnover As Financial Sector Leads NGX
Three financial stocks—Access Holdings Plc, United Capital Plc, and United Bank for Africa Plc (UBA)—have led the equities sector of the Nigerian Exchange Limited (NGX) last week, collectively accounting for 72 percent of total market turnover. The sector’s dominance continued, with a total of 1.068 billion shares valued at N19.8 billion traded in 21,001 deals. […]
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- November 18, 2024
Shell Takes Best Overall Exhibitor Award, Staff Wins Excellence Award For Oral Paper At NAPE 2024
Shell has been awarded the Best Overall Exhibitor at the recent 42nd Annual International Conference and Exhibition of the National Association of Petroleum Explorationists (NAPE). Also, at the event which was held in Lagos, Shell staff member, a Geophysicist, Mr. Somime Oguntola, received second place for the Award of Excellence for Oral Paper. Additionally, another […]
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- November 18, 2024
NGX Proposes Stricter Rules To Enhance Transparency In Large-Volume Trades
The Nigerian Exchange Limited (NGX) has proposed new rules to address block divestments and large-volume trades in a bid to enhance transparency and market integrity. In a notice issued to trading licence holders recently, the Chief Executive Officer (CEO) of NGX Regulation Limited, Mr. Olufemi Shobanjo, invited stakeholders to provide feedback on the proposed changes […]
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- 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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