Afriland Towers: United Capital Group Holds Memorial Service for Deceased Colleagues United Capital Group held a solemn and befitting memorial service in honour of six colleagues who tragically lost their lives on Tuesday, September 16, 2025, following a fire incident at Afriland Towers, the company’s Lagos headquarters. The service, […]
Author: Business Nexus
Airtel Africa Extends $55m Share Buy-Back Programme, Returns $34.7m to Investors
Airtel Africa Plc has announced an extension of its ongoing $55m share buy-back programme, after returning $34.7m to shareholders through the purchase of 14.2 million shares. The telecommunications and mobile money services provider disclosed that revised arrangements with Barclays Capital Securities Limited (Barclays) will facilitate the completion of […]
CBN Licenses Finance Firm to Boost Non-Bank Financial Services
The Central Bank of Nigeria (CBN) has granted an operating licence to Apices Finance Company Limited to function as a finance company under the Bank and Other Financial Institutions Act (BOFIA) 2020, marking a significant step toward strengthening the non-bank financial services sector. The approval, which was conveyed […]
Seplat Targets 50% Output Growth to 200kboepd, $6bn Cashflow by 2030 ……. Sets $1bn Dividend Payout Goal
Seplat Energy Plc has unveiled a five-year targets aimed at transforming it into Africa’s leading independent energy producer, including plans to grow production by 50 per cent to about 200,000 barrels of oil equivalent per day (kboepd) and generate cumulative cashflow from operations of up to $6bn by […]
United Capital Mourns Six Employees Lost in Afriland Towers Fire
United Capital Plc has confirmed the deaths of six of its employees in the devastating fire that engulfed Afriland Towers on Broad Street, Lagos, on Tuesday, September 16, 2025, plunging the Nigerian financial services industry into mourning. In an official statement released on Wednesday, the leading investment banking […]
FIRS, CBN, NEXIM, UBA, NDIC Back FICAN 2025 Conference on Digital Economy
The 2025 Conference of the Finance Correspondents Association of Nigeria (FICAN) has received strong backing from key financial institutions and regulators, underscoring its significance as a platform for shaping discourse on Nigeria’s digital economy. Among the supporters of the annual event are the Federal Inland Revenue Service (FIRS), the […]
ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC
The Securities and Exchange Commission (SEC) has unveiled plans to drive the adoption of International Sustainability Standards Board (ISSB) disclosure frameworks in Nigeria, asserting that alignment with the global standards will strengthen market transparency, reduce information risk, and attract international capital flows into the country’s capital markets. Speaking […]
Wema Bank Concludes ₦150bn Rights Issue, Meets Regulatory Requirements For Commercial Bank
Wema Bank Plc has announced the completion of its ₦150bn Rights Issue, which opened on April 14th,2025, and closed on May 21st,2025. The exercise has received formal approval from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission. According to the bank, the Rights […]
NGX Lifts Trading Suspension On Universal Insurance Shares
The Nigerian Exchange Ltd. (NGX) on Wednesday lifted the suspension placed on trading on the shares of Universal Insurance Plc, effective WednesdaySeptember 3, 2025. This development enables shareholders to resume trading the company’s shares on the NGX platform. In its weekly report, the NGX stated, “We refer to our Market […]
Nigeria’s TotalEnergies Deal Marks Shift To Gas Development- Komolafe ……Says New Agreement Aligns With Petroleum Industry Act
Nigeria’s production-sharing contract with TotalEnergies (TTEF.PA), its first guided by a new law designed to boost the OPEC member’s gas production, will serve as a template for future deals, the oil regulator said on Wednesday. The country’s Petroleum Industry Act adopted in 2021 recognised the distinct economics of oil […]