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Jennete Ugo Anya
- October 31, 2024
GTCO Reports 161% Surge In Net Income, N1trn Net Profit After Tax In Nine Months
Guaranty Trust Holding Company (GTCO), a tier-one financial institution in Nigeria, has reported a net profit of N1.08 trillion after-tax for the first nine months of 2024, marking a 161 percent increase compared to the same period in 2023. Recent data released by the Nigerian Exchange Group (NGX) revealed that GTCO’s interest income soared by […]
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- October 30, 2024
Norrenberger Lists Islamic, Turbo Funds On Nigerian Exchange
Norrenberger, a leading asset management firm, has listed its Islamic Fund (NIF) and the Norrenberger Turbo Fund (NTF) on the Nigerian Exchange Limited (NGX). Both funds, which are collective investment schemes (CIS) registered with the Securities and Exchange Commission (SEC), aim to provide investors with structured options within fixed-income investments. The Norrenberger Islamic Fund, launched […]
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- October 28, 2024
Haldane McCall To Debut On NGX With 3.122bn Shares
Haldane McCall Plc, a prominent real estate and hospitality company, is set to list 3.122 billion ordinary shares at N3.84 per share on the main board of the Nigerian Exchange (NGX) Limited, having received the regulatory go-ahead. With a projected market valuation of nearly N12 billion (precisely N11.989 billion), the listing introduces Haldane McCall to […]
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- October 28, 2024
Nigerian Breweries Achieves 74.9% Revenue Growth In Q3 2024
Nigerian Breweries Plc has reported an impressive 74.9 percent year-on-year revenue growth for the third quarter ended September 30, 2024. The recent unaudited results, released to the Nigerian Exchange Group (NGX), reveal that the company’s revenue surged to N703 billion, a significant increase from N402 billion recorded in the same period in 2023. This growth […]
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- October 22, 2024
FBN Holdings Appoints Adebowale Oyedeji As GMD, Seeks Name Change To First Holdco
FBN Holdings Plc has announced the appointment of Mr. Adebowale Oyedeji as its Group Managing Director (GMD), effective November 13, 2024. The announcement was made in a corporate disclosure notice filed with the Nigerian Exchange Group recently by the company’s Secretary, Mr. Adewale Arogundade. This appointment comes as part of a strategic transition for the […]
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- October 16, 2024
SEC, NGX Empower Retail Investors Through Financial Education Initiatives
In an era where retail investors are playing an increasingly crucial role in shaping the Nigerian economy, the Securities and Exchange Commission (SEC) and the Nigerian Exchange Group (NGX) have reinforced their commitment to financial education. This collaboration seeks to bridge the knowledge gap for retail investors, empowering them to confidently sail across Nigeria’s evolving […]
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- October 14, 2024
NGX Suspends Trading Of Transcorp Shares For Capital Overhaul
The Nigerian Exchange Limited (NGX) has announced the temporary suspension of trading in the shares of Transnational Corporation Plc (Transcorp) as the company embarks on a share capital restructuring process. This move is intended to facilitate the consolidation of Transcorp’s shareholding structure and will ensure a smooth reconciliation of records between the company’s registrars and […]
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- October 14, 2024
NGX Reinstates Trading Of Lasaco Assurance Shares Following 2023 Financial Statements Filing
The Nigerian Exchange Limited (NGX) has lifted the suspension on the trading of Lasaco Assurance Plc shares following the company’s successful submission of its Audited Financial Statements (AFS) for the year ended 31 December 2023. Lasaco also filed all other outstanding financial statements, bringing it into full compliance with NGX’s regulatory requirements. The suspension, which […]
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- October 2, 2024
Oando Becomes First Nigerian IOC, Valuation Hits $4bn
Oando Plc has emerged as Nigeria’s first indigenous International Oil Company (IOC), solidifying its position as a key player in Africa’s oil and gas industry. With operations now extending beyond Nigeria’s borders into the São Tomé and Príncipe Exclusive Economic Zone (EEZ), Oando’s recent achievements reflect decades of strategic investments and a relentless drive for […]
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- September 30, 2024
SEC, NGX Approve Flour Mills’ Buyout Of Minority Shareholders
The Securities and Exchange Commission (SEC) and the Nigerian Exchange Limited (NGX) have given Flour Mills of Nigeria Plc (FMN) the go-ahead to proceed with the buyout of its minority shareholders. In a recent statement, FMN revealed that its majority shareholder had initiated the process to acquire all remaining minority shares. The company emphasised that […]
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