Africa Prudential Plc, a leading share registration and business solutions provider listed on the Nigerian Exchange Group (NGX), has announced a ₦1.2 billion total dividend payout following an outstanding financial performance in 2024. The company’s Profit After Tax (PAT) surged by 88%, rising from ₦962.9 million in […]
Author: Business Nexus
CSCS To Host AMEDA Conference
Central Securities Clearing System PLC (CSCS) is proud to announce that it will be hosting the Africa and Middle East Depositories Association (AMEDA) Annual Conference. This highly anticipated event will hold from April 23 to 25, 2025, at Eko Hotel and Suites, Lagos, Nigeria. Themed “Shaping the Future: Financial […]
Nigeria’s Currency Woes Deepen MTN Group’s Financial Struggles …. Suffers 69% Slump in Full-Year Earnings
MTN Group, Africa’s largest telecom operator, reported a staggering 69 per cent decline in full-year earnings, citing the impact of Nigeria’s naira devaluation and operational difficulties in Sudan. The South Africa-headquartered company announced on Monday that its headline earnings per share (HEPS)—a key profitability measure—fell sharply to 98 […]
PAPSS to Introduce Africa-Focused Currency Exchange System
The Pan-African Payments and Settlement System (PAPSS) is set to launch a pioneering African currency market platform aimed at enhancing cross-border trade by enabling direct currency exchanges between African nations. The initiative seeks to reduce reliance on third-party currencies such as the U.S. dollar and bolster regional trade […]
Access Bank Champions Stronger Alliances to Propel Intra-Africa Trade at Inaugural Africa Trade Conference
Access Bank Plc convened leading policymakers, business executives, and industry stakeholders in Cape Town for the maiden Africa Trade Conference, a platform dedicated to unlocking the continent’s vast trade potential. The conference serves as a strategic response to the shifting global trade landscape, emphasising Africa’s need to build […]
Seplat Launches $650m Senior Notes Offering For Debt Refinancing
Seplat Energy Plc, Nigerian energy company listed on the Main Market of the London Stock Exchange (LSE) and the Premium Board of the Nigerian Exchange Limited (NGX) has announced the launch of a $650m Senior Notes offering due 2030. According to the company in a notice to the […]
Auboin, Awani, Mene, Quaynor to Lead Conversations at Access Bank’s Africa Trade Conference
Access Bank PLC, Africa’s leading financial institution, today, announced a distinguished line-up of speakers for the maiden edition of its highly anticipated Africa Trade Conference 2025, set to hold on Wednesday, March 12, 2025, at the Cape Town International Convention Centre (CTICC), South Africa. Under the theme “Empowering Africa: Driving […]
AFC Targets $20bn From African Pension Funds For Investment
The Africa Finance Corporation (AFC) is intensifying efforts to mobilize domestic capital for investment across the continent, with a focus on pension funds and institutional investors. The development finance institution aims to generate between $15bn and $20bn from African pension funds to bridge the region’s infrastructure funding […]
Listing Of InfraCredit Raises NASD’s Market Value To N1.95trn
NASD OTC Exchange Plc an over-the-counter (OTC) exchange in Nigeria, has listed 15,255,079,725 of Infrastructure Credit Guarantee Company (InfraCredit) at N2.43 each, valued at N37bn, which increased the Exchange’s total market value to N1.95trn. The listing provides strategic partnership between NASD and InfraCredit, highlights the Exchange’s commitment to […]
Lagos Approves FirstBank’s 40-Storey Headquarters At Eko Atlantic City
The Lagos State Government has officially granted approval to FirstBank Group for the construction of its state-of-the-art, eco-friendly headquarters in Eko Atlantic City. Governor Babajide Sanwo-Olu presented the certificate of approval during a groundbreaking ceremony held on Wednesday, marking the commencement of what will be Nigeria’s tallest building. […]