In a strong support for GTCO and move to debunk false allegations being levelled against the GTCO and its Executive Management by faceless and unqualified entities using the media, the Central Bank of Nigeria (CBN), issued a Press Release today reassuring the public that their deposits with Nigerian Banks are […]
Category: Capital Market
Capital Market
GM To Reassure Investors On EV Demand, Project Profit Growth By 2025
General Motors (GM) will reassure investors during its upcoming investor day that concerns over slowing demand for electric vehicles (EVs) are overstated, and the U.S. automaker remains optimistic about the potential for improved profitability by 2025, according to sources familiar with the company’s plans. This message marks a notable […]
SEC, NGX, JSE Strengthen Ties To Boost African Capital Markets
The Nigerian Securities and Exchange Commission (SEC), the Nigerian Exchange Group (NGX), and the Johannesburg Stock Exchange (JSE) have formed a strategic partnership focused on governance, market development, and sustainability initiatives. In a statement shared with Business Nexus, it was announced that a delegation from NGX Group Plc, led […]
Oando Links Delay In Completion Of 2023 Financial Audit To Acquisition of NAOC
Oando Plc has attributed the further delay in the completion of its 2023 financial audit to the recent acquisition of Nigerian Agip Oil Company (NAOC) which was completed on August 22, 2024. According the notice to the Nigerian Exchange Limited, the company noted that the auditors are required to […]
CSCS Appoints Bola Adesola, Aisha Muhammed-Oyebode as Directors
Central Securities Clearing System (CSCS) Plc, Nigeria’s Central Securities Depository (CSD) has announced the appointment of Bola Adesola and Aisha Muhammed-Oyebode to its Board of Directors. This was contained in the company’s statement. According to the company, the appointments reflect CSCS’s commitment to strengthening its leadership with highly […]
FMN To Buy Out Minority Shareholders After Regulatory Approval
Flour Mills of Nigeria Plc (FMN), one of Nigeria’s largest food and agro-allied companies, has announced plans to acquire all shares held by its minority shareholders following the receipt of necessary regulatory approvals. In a statement issued to the Nigerian Exchange Limited (NGX), the company disclosed that its majority […]
NASD Targets Sustainable Profitability, Dividend Payout To Shareholders
The Chairman of Nigeria’s Over-the-Counter (OTC) Exchange, National Association of Securities Dealers (NASD) Plc, Mr. Kayode Falowo, at the company’s 11th Annual General Meeting (AGM) in Lagos stated that the board and management had taken steps to address the concerns expressed by the shareholders on improving financial performance and […]
Stockbrokers Laud Ellah Lakes’ Investment In Palm Plantation, Livestock
Stockbrokers have commended the management of Ellah Lakes Plc for its investment in palm plantation and livestock, following a recent visit to the company’s facilities in Iguelaba Community, Edo State. A delegation of stockbrokers, led by the Managing Director, Atlas Portfolio, Muyiwa Adeyemi, visited Ellah Lakes Plc’s plantation in […]
Access Holdings Reports N2.2trn Gross Revenue In Half Year 2024
Access Holdings has released its interim consolidated and separate financial report for the half year ended June 30, 2024. The report showed that the bank grew its gross revenue by 133.5 per cent in six months to N2.2trn from N940bn during the comparable period of last year. […]
NB Explains Reasons For N599bn Rights Issue
The Nigerian Breweries Plc has explained the reasons for its ongoing rights issue of N599 billion in the nation’s bourse. Mr Hans Essaadi, the Managing Director/Chief Executive Officer of Nigerian Breweries, said this at the company’s ‘Facts behind the offer’ at the Nigerian Exchange Limited in Lagos. Essaadi […]