Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell Plc, has announced a final investment decision (FID) for the Bonga North deep-water project, located off the coast of Nigeria. The decision was disclosed in a statement issued by Shell in London on Monday. The Bonga […]
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Nigerian Breweries Secures SEC Approval For 20.7bn Share Allotment After Rights Issue …..Records 91.59% Subscription Rate
Nigerian Breweries Plc has announced that it has received clearance from the Securities and Exchange Commission (SEC) for the allotment of 20,706,894,542 ordinary shares of 50 Kobo each, priced at N26.50 per share, under its recently concluded Rights Issue. According to the statement, the Rights Issue recorded an impressive […]
Seplat Energy Plc Shares Re-Admitted To LSE After MPNU Acquisition
Seplat Energy Plc, Nigerian energy company with listings on both the Nigerian Exchange Limited and the London Stock Exchange (LSE), has announced the re-admission of its shares to trading on the LSE’s main market. This development follows the company’s completion of its acquisition of Mobil Producing Nigeria Unlimited, as […]
NB Plc Appoints Juliet Anammah As Board Chairman
The Board of Directors of Nigerian Breweries Plc has announced the appointment of Juliet Anammah as the substantive chairman. Her appointment becomes effective January 1, 2025. She succeeds Sijbe “Siep” Hiemstra, who has been acting as the board chairman in an interim capacity since the start of the year. […]
Access Holdings To Acquire 100% of South African Bidvest Limited
Access Holdings Plc has announced that its banking. subsidiary, Access Bank Plc, has entered into a binding agreement with South African-based Bidvest Group Limited for the acquisition of a 100 per cent equity stake in Bidvest Bank Limited. This was contained in the Group’s notice to the Nigerian Exchange Limited […]
Seplat Energy Completes $800m Acquisition of MPNU
Seplat Energy Plc, Nigerian energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange has announced that it has completed its acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil. This was contained in a notice to the Nigerian Exchange Limited. The transaction is […]
FG Issues Six Sukuk Bonds Worth N1.1trn To Finance 124 Road Projects – SEC
The Securities and Exchange Commission (SEC) has said that the Federal Government of Nigeria has issued six Sovereign Sukuk worth N1.1trn ($657.6m), to finance 124 Federal road projects covering over 5,820 kilometers across the six geopolitical zones of the country. Director General of the SEC, Dr. Emomotimi Agama who […]
FMDQ harps on technology for commercial paper applications
FMDQ Exchange says it has adopted technology in the process of Commercial Paper (CP) application, stressing that the value of market currently stands at an estimated N3 trillion. The Divisional Head, Market Architecture, FMDQ Securities Exchange Limited, Mr Oluwaseun Afolabi, disclosed this at the 2024 Capital Market Correspondents Association of […]
BOI Disburses N22.89bn From Manufacturing Intervention Fund
The Bank of Industry (BOI) has disbursed N22.89bn out of its N75bn Manufacturing Sector Intervention Fund to support 29 manufacturers. This was announced by Dr. Olasupo Olusi, Managing Director of BOI, during the bank’s first-ever interactive session with the Organized Private Sector (OPS) held in Abuja. The event, themed […]
FG Not Investigating Air Peace – FCCPC
The Federal Competition and Consumer Protection Commission, FCCPC says its invitation to Air Peace is simply for an inquiry to understand its price methodology and respond to consumers complaints. The Director, Surveillance and Investigation, Mrs. Boladale Adeyinka said neither the airline nor the chairman, Dr. Allen Onyema is under […]