FBN Holdings Plc has disclosed that it has engaged its solicitors to defend the interest of the company against the lawsuit filed against it by Barbican Capital Limited. This was contained in a statement by the company. The HoldCO acknowledges the recent media coverage concerning the lawsuit filed […]
Category: Capital Market
Capital Market
Zenith Bank’s N290 Billion offer to strengthen international presence
The Group Managing Director/Chief Executive Officer of Zenith Bank Plc, Dr Adaora Umeoji, has urged the investing public to invest in its ongoing N290 billion hybrid offer for global growth. Umeoji said this at the bank’s Facts Behind the Offer at the Nigerian Exchange Limited (NGX) on Monday in Lagos. […]
Custodian Investment Plc Declares Interim Dividend of 15 Kobo for H1 2024
Shareholders of Custodian Investment Plc will receive an interim dividend of 15 kobo for the half year ended June 2024. This announcement was made in the company’s updated corporate action notice to the Nigerian Exchange Limited (NGX). The dividend, subject to appropriate withholding tax, will be paid to […]
Dangote Cement Grows Half-Year Revenue By 139.9%
Dangote Cement Plc recorded an increase in revenue from Pan-African operations by 139.9 per cent, growing to N807.1bn as against N336.4bn, reported in the corresponding period of 2023. The cement plant also reported a 10.9 per cent increase in the Nigerian market which rose from 8.0Mt to 9.0Mt in the […]
Nigerian banks get N21 trillion deposits in three months
Nigerian banks added about N21 trillion in new deposits in the first quarter of this year to push the sector’s total deposits to about N136 trillion, on course to surpass its 2023 business year performance. Audited reports and regulatory filings by commercial banks and their holding companies showed that individuals […]
Fidelity Bank Extends Public Offer and Rights Issue to August 12, Increases Offering Size by N78.35 billion
Fidelity Bank Plc has announced an extension of its public offer and rights issue until August 12, 2024. Originally set to conclude on July 29, 2024, this extension has been approved by the Securities and Exchange Commission (SEC) and will see an increase in the total offer size from N127.1 […]
Resolution of identity issues will reposition capital market – SEC
The Securities and Exchange Commission (SEC) says the resolution of identity management issues would help reposition the Nigerian capital market for greater potential. The Director General of the SEC Dr. Emomotimi Agama who stated this at a Workshop on Identity Management for the Capital Market held in Lagos, Wednesday, said […]
Green Economy will create greater prosperity for investors – Agama
Stakeholders, stakeholders, intermediaries, issuers, investors, and regulators have been enjoined to take advantage of the enormous resources and potential of sustainable finance to build a green climate and climate-resilient economy in Nigeria and create greater prosperity for investors and Nigerians. This was stated by the Director General of the Securities […]
Eterna Plc appoints Okechukwu Ashiegbu as Chief Operating Officer …. Bunmi Agagu-Adu as executive directors
The Board of Eterna Plc has appointed Mr. Okechukwu Ashiegbu as Executive Director/Chief Operating Officer and Mrs. Bunmi Agagu-Adu as Executive Director of the company. This was contained in the company’s notice to the Nigerian Exchange Limited (NGX). According to the statement, the appointments are subject to approval/ratification by the […]
Access Bank raises N442 billion through syndicated tier II facility
Access Bank has partnered with the Dutch Entrepreneurial Development Bank (FMO) to secure a syndicated Tier II Facility agreement valued at $295 million (approximately N442.5 billion). According to a statement from the bank provided to newsmen, this agreement underscores a longstanding and successful relationship that has spanned over two decades […]