Indian telecommunications giant Bharti Airtel has unveiled plans to increase its ownership stake in Airtel Africa to as much as 90 per cent through a proposed $2.9bn share swap arrangement, in a strategic move aimed at consolidating its African operations ahead of a planned mobile-money initial public offering […]
Category: Capital Market
Capital Market
Access Holdings Clarifies Dividend Position Amid Strong 2025 Earnings
Access Holdings Plc has reaffirmed its commitment to long‑term shareholder value and sustainable returns, following a strong performance in the 2025 financial year, while providing clarity on the rationale for the non‑payment of dividends for the year ended December 31, 2025. The clarification was provided during the Group’s Full […]
DataPro Warns Rising Debt Costs, Fiscal Strain Threaten Sovereign Credit Ratings
A new report by DataPro has warned that mounting fiscal constraints, rising debt servicing costs, and external vulnerabilities are increasingly putting pressure on sovereign credit ratings, particularly in emerging and commodity-dependent economies. In its latest monthly publication titled “Unlocking Sovereign Rating Factors,” the firm said while sovereign credit […]
Zedcrest Strengthens Institutional Play with Expanded Offerings, New Leadership
From left: Abass Akinsanya, Executive Director, Sales & Business Development, Zedcrest Wealth; Luke Ofojebe, CFA, Chief Investment Officer, Zedcrest Group; Simbiat Bada, Managing Director, Zedcrest Stockbroking; Adedayo Amzat, CFA, Group Managing Director, Zedcrest Group; Ademola Akogun, Managing Director, Zedcrest Investment Banking; Renah Osiemi, Managing Director, Zedcrest Wealth and Joseph Adegunwa, […]
SEC Orders Asset Freeze On Individuals, Entities Over Terror Links
The Securities and Exchange Commission has directed all capital market operators to immediately freeze assets linked to 10 individuals and three entities newly designated under Nigeria’s sanctions regime, in a move aimed at strengthening efforts to combat terrorism financing. In a circular issued to operators, the […]
Banks Face Rating Pressure Despite Meeting Capital Thresholds —DataPro
Nigerian banks may face increased scrutiny and potential rating pressure despite meeting new regulatory capital requirements, as credit rating assessments shift focus from the size of capital to its quality and resilience, according to DataPro, a technology-driven Credit Rating Agency. In its latest monthly rating brief, the agency […]
VFD Group Proposes ₦0.25 Dividend as Rights Issue Subscribers Earn Strong Returns
The Board of Directors of VFD Group Plc has proposed a final dividend of ₦0.25 per share, translating to an annualised return of 10% for shareholders who participated in the December 2025 rights issue at ₦10.00 per share. Dividends remain an important component of shareholder returns, particularly […]
DataPro Begins Training For Media Practitioners On Credit Rating
DataPro, Nigeria’s Technology-driven Credit Rating Agency (CRA) has announced March 26th 2026 as the date for its annual virtual training for media practitioners. According to the agency in a statement, the training program was conceived by the company in 2021 as part of its Corporate Social Responsibility (CSR) […]
FCMB Raises N242.8bn, Meets N500bn Capital Requirement for International Licence
FCMB Group Plc has announced the completion of a major capital raise programme that generated a total of N242.8bn, enabling its banking subsidiary, First City Monument Bank Limited, to meet the Central Bank of Nigeria’s revised minimum capital requirement for an international banking licence. The financial services […]
NGX Records First Commercial Paper Listing with Dangote Cement’s ₦119.87bn Issuance
Nigerian Exchange Limited (NGX) has recorded its first Commercial Paper (CP) listing with the admission of Dangote Cement Plc’s Series 1 and Series 2 Commercial Papers under its ₦500 billion Commercial Paper Issuance Programme. The two series, with a combined value of ₦119.87 billion, were admitted to […]