Nestlé Nigeria Plc has announced the expansion of its flagship initiative, Nestlé Empowering Rural Women in Nigeria, to Agbara, Ogun State. Aimed at strengthening small businesses and enhancing livelihoods within rural communities, this program has welcomed 49 new female retailers. The Nestlé Empowering Rural Women in Nigeria […]
Category: Capital Market
Capital Market
Shareholders To Get N5.4bn Interim Dividend From United Capital
United Capital Plc has announced an interim dividend of N5.4bn for the half year (H1) 2025. The company stated this in its H1 unaudited results for the period ended June 30, 2025 The dividend translates to N0.30 for every 50 kobo ordinary share, subject to appropriate withholding […]
SEC Disowns AGM of Tourist Company of Nigeria
The Securities and Exchange Commission (SEC) has disowned the purported Annual General Meeting (AGM) of The Tourist Company of Nigeria (TCN) Plc held on July 25, 2025, warning that any resolutions passed at the meeting are null and void. In a public notice issued on Monday, the Commission condemned recent […]
Moody’s Upgrades Ecobank Ratings Outlook to Stable
Moody’s has affirmed Ecobank Transnational Incorporated’s (ETI) B3/Not Prime long- and short-term issuer ratings; B3 senior unsecured debt rating; b2 notional Baseline Credit Assessment (BCA); and b1 Adjusted BCA. At the same time, rating analysts at Moody’s said they have changed the outlook on the group’s long-term issuer and senior […]
Dangote Sugar Posts N430.21bn Revenue in 2025 Half Year
Dangote Sugar Refinery Plc has reported a revenue of N430.21 billion in the six months ended June 30, 2025, which in contrast to N295.62 billion earned in the same period in 2024 represents a 45.53 percent increase. According to financial reports posted on the portals of the Nigerian […]
SEC Committed to Promoting Innovation, Safeguarding Investments – Agama
The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has reaffirmed the Commission’s commitment to fostering innovation in the capital market while ensuring the security of investors’ funds. Speaking during his keynote address at the Comercio Partners H2 2025 Outlook event, Dr. Agama said the SEC […]
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 […]
Otudeko Exits First Holdco With Sale of 25% Stake Worth ₦323bn
Shares of FBN Holdings Plc (First Holdco) have soared by more than 20 per cent in just two trading sessions, following heightened investor interest triggered by a landmark ₦323.33bn off-market transaction that reshaped the company’s ownership structure. The stock, which closed at ₦29.30 on Monday, July 14, rallied to […]
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 […]