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Jennete Ugo Anya
- March 26, 2025
UBA Reports N804bn Profit for 2024, Declares N3.00 Dividend
United Bank for Africa (UBA) Plc has posted another year of strong financial performance, reporting a 26.14 percent increase in profit after tax (PAT) to N766.6 billion for the full year ended December 31, 2024. The audited results, filed with the Nigerian Exchange Limited (NGX) recently, also reveal a 6.1 percent rise in profit before […]
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- March 20, 2025
Sterling Financial Holdings Lists 16.67bn Shares on NGX
Sterling Financial Holdings Company Plc has expanded its shareholding base with the listing of an additional 16.67 billion ordinary shares on the Nigerian Exchange Limited (NGX) following the successful completion of its private placement. The NGX, in a market bulletin issued on Monday, March 17, 2025, confirmed the listing, stating that the newly added shares […]
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- March 17, 2025
Renaissance Africa Acquires Shell’s SPDC
Nigeria’s energy sector has witnessed a major shift following the completion of Shell Petroleum Development Company of Nigeria’s (SPDC) acquisition by Renaissance Africa Energy Holdings (Renaissance). Aradel Holdings Plc, a publicly listed company on the Nigerian Exchange Limited (NGX), confirmed the finalisation of the deal, which follows a sale and purchase agreement signed with Shell […]
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- March 17, 2025
Tantalizers Raises $25m For Expansion
Tantalizers Plc has secured $25 million in fresh capital to fund its expansion into fisheries and entertainment, marking a major diversification move beyond its traditional quick-service restaurant (QSR) business. The company’s Chairman, Alhaji Adam Nuru, announced the development during the ‘Facts Behind the Acquisition’ event at the Nigerian Exchange Limited (NGX). He described the investment […]
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- 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
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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- February 20, 2025
FG Lists N368.3bn Bond On NGX, Issues N234bn Supplementary Bonds
The Federal Government of Nigeria (FGN) has officially listed a N368.3 billion bond on the Nigerian Exchange Limited (NGX), along with an additional N234 billion in supplementary bond issuances. The move strengthens Nigeria’s debt market and provides investors with more opportunities to engage with government-backed securities. A notice filed by the NGX’s Head of Issuer […]
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- February 5, 2025
Presco PLC Reports N128bn Full-Year Pre-Tax Profit
Presco PLC has announced a full-year pre-tax profit of N128 billion in its latest financial report, released on the Nigerian Exchange (NGX) on January 31, 2025. This marks a 156.05 percent increase compared to the N50 billion reported in 2023, with the fourth quarter (Q4) alone recording an impressive N60.9 billion—up 233.46 percent from the […]
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- January 27, 2025
Lasaco Assurance Lists Additional 9.25bn Shares On NGX
Lasaco Assurance Plc has achieved a significant milestone with the listing of 9.25 billion additional ordinary shares of 50 kobo each on the daily official list of the Nigerian Exchange Limited (NGX). This move follows the successful completion of a private placement exercise aimed at raising capital to strengthen the company’s operations and strategic initiatives. […]
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- January 23, 2025
Stanbic IBTC Launches N148.7bn Rights Issue via NGX
Stanbic IBTC Holdings has unveiled its N148.7 billion rights issue, offering existing shareholders an opportunity to expand their stake in the company. The announcement was made during the ‘Facts Behind The Figures’ event hosted by the Nigerian Exchange (NGX) on January 21, 2025. The rights issue involves the issuance of 2,944,772,083 ordinary shares at 50 […]
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