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, […]
Category: Capital Market
Capital Market
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 […]
UBA Mulls New Office In Saudi Arabia To Advance Global Expansion
United Bank for Africa (UBA) has reaffirmed its commitment to strategic global expansion with the announcement of a new office to be opened in Saudi Arabia, marking a significant milestone in its mission to connect Africa with key global markets. The development was confirmed during the Group’s […]
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 […]
ISA 2025: VP Shettima Seeks Support to Grow Capital Market
Vice President Kashim Shettima has solicited the support of the Judiciary to grow the capital market through the delivery of verdicts that are well-reasoned, timely, and technically sound. Vice President Kashim Shettima who stated this at the opening of a two-day Judges’ Workshop organized by the Securities and Exchange Commission […]
Wema Bank, Aradel Join NGX30 As Conoil Julius Berger Exit
The Nigerian Exchange Limited on Tuesday announced the results of its half-year market index review, which saw significant changes across several key indices, including the NGX 30 Index. The adjustments, according to the NGX, were based on the market capitalisation methodology, which took effect at the open of […]
Notore Chemical Completes Plans To Delist From NGX
Notore Chemical Industries Plc has officially concluded arrangements to delist its shares from the Nigerian Exchange Limited (NGX), following the implementation of a court-approved Scheme of Arrangement involving the company and its minority shareholders. In a notice issued to the NGX and made available to the investing public […]
ISAN Demands Suspension of Controversial Dividend Transfer Law
Shareholders under the aegis of the Independent Shareholders Association of Nigeria (ISAN) has issued a strong condemnation of the recently passed legislation mandating the transfer of all unclaimed dividends from company registrars to accounts managed by the Securities and Exchange Commission (SEC), as domiciled with the Central Bank of Nigeria […]
SAHCO Shareholders Approve ₦812m Dividend Payout
Shareholders of Skyway Aviation Handling Company (SAHCO) Plc have approved a total dividend payout of ₦812m for the 2024 financial year, reflecting a significant increase in shareholder returns. The approval was given at the company’s Annual General Meeting (AGM) held in Lagos. The dividend, which amounts […]