Category: Capital Market

Capital Market

Only 3% Informal Sector Taxable Under New Tax Law, Says Oyedele …Exempts Earners Below N800,000 Annually

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee (FPTRC), Mr. Taiwo Oyedele, has revealed that under Nigeria’s new tax reforms, only the top 3 per cent of informal sector operators are financially capable of paying taxes, while the remaining 97 per cent have been legally exempted from […]

Nestlé Nigeria Trains 100 Plastics Waste Workers

    Nestlé Nigeria Plc has launched a comprehensive Safety, Health, and Environment (SHE) Training Program, empowering 100 plastic waste workers across Lagos and Abuja.   This initiative aims to enhance the safety and wellbeing of these invaluable workers while empowering them and promoting their dignity within the plastics recycling […]

Access Holdings Reaffirms Strategic Growth Plan from Expansion to Optimisation

    Access Holdings PLC, the parent company of Access Bank, has reaffirmed its long-term strategic blueprint anchored on a deliberate and structured progression: scale, optimise, and sustain.   This roadmap, which has driven the Group’s aggressive expansion across Africa and into key global markets, is now entering a crucial […]

Citi Q2 Earnings Top Estimates Amid Dealmaking Resurgence

Citigroup Inc. reported a sharp 25 per cent year-on-year increase in second-quarter earnings, beating analysts’ expectations as its trading desks capitalized on volatile markets and its investment banking unit benefited from a resurgence in dealmaking.   The third-largest U.S. lender posted a net income of $4bn, or $1.96 per share, […]

Ecobank to Raise $250m in Tier 1 Capital via Private Placement

  Ecobank Transnational Incorporated (ETI) has launched a private placement offering to raise up to US$250m in Additional Tier 1 (AT1) capital through contingent convertible notes.   The transaction follows shareholder approval secured during an Extraordinary General Meeting (EGM) held on May 28, 2025, in Lomé, Togo. The offering window […]

GTCO Lists 36.4 Billion Shares on LSE After $100m Equity Raise

  Guaranty Trust Holding Company Plc (GTCO has officially listed its entire issued share capital—comprising 36,425,229,514 ordinary shares—on the main market of the London Stock Exchange (LSE) following the successful completion of a $100m equity offering.   In a regulatory filing to the Nigerian Exchange Limited seen by THE WHISTLER, […]

Africa Tops BII’s Investment Portfolio With £1.09bn in 2024 ………UK Development Finance Institution Increases Africa Commitments by 40%

    British International Investment (BII), the UK government’s development finance institution, has disclosed that it committed £1.09bn to African companies in 2024, marking a 40 per cent increase from the £725m invested in the region the previous year.   The figure represents 62 per cent of BII’s total global […]