NGX - Astudity Limited

Jennete Ugo Anya
April 22, 2025

Legend Internet To List 2bn Shares On NGX April 24

Legend Internet Plc, Nigeria’s fastest-growing last-mile broadband provider, is set to debut on the Main Board of Nigerian Exchange Limited (NGX) on Thursday, April 24, 2025. The listing, which will be conducted by way of introduction, marks the company’s official transition into the public market with 2 billion ordinary shares, reflecting its ambition to scale […]

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 […]

Jennete Ugo Anya
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 […]

Jennete Ugo Anya
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 […]

Jennete Ugo Anya
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 […]

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 […]

Jennete Ugo Anya
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 […]

Jennete Ugo Anya
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 […]

Jennete Ugo Anya
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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