Following the approval received from its shareholders in April 2024, Nigerian Breweries has said it now obtained clearance for the relevant documents from the Securities and Exchange Commission and NGX Regulation Limited. The Company intends to raise N599.1bn through a Rights Issue. A total of 22.61bn Ordinary Shares […]
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LCFE, Commodities Brokers Applaud FG, CBN On Food Importation Directive
Lagos Commodities and Futures Exchange (LCFE) and top commodities brokers have commended the Federal Government and Central Bank of Nigeria (CBN), for the recent directive, mandating companies to channel the importation of basic food items through commodities exchanges. The new directive, which is expected to enhance price discovery, reduce […]
HEI wins ACT Foundation grant to tackle NCDs in Nigeria
The Health Emergency Initiative (HEI) has been selected as one of the 2024 grantees by Aspire Coronation Trust (ACT Foundation) aimed at reducing Non-Communicable Diseases (NCDs) across four states in Nigeria. Mr Paschal Achunine, Ashoka Fellow and Executive Director HEI, confirmed this in a statement on Monday in Lagos. […]
United Capital Launches New Subsidiary, UCEE Microfinance Bank …..Appoints Esther Adeola-Balogun As Managing Director/CEO
United Capital Group, a Pan-African investment management and financial services group has announced the official launch of its newest subsidiary, UCEE Microfinance Bank, at a ceremony held at the Bank House in Marina, Lagos. The event was attended by the Chairman of Heirs Holdings Group, Tony O. Elumelu, alongside other […]
$1 trillion economy: SEC reiterates commitment to attract new listings
The new management of the Securities and Exchange Commission (SEC) has rolled out new initiatives to drive activities in Nigeria’s capital market to align with the Federal Government one trillion dollar economy target. The SEC Director-General, Dr Emomotimi Agama, said this at his first post-Capital Market Committee (CMC) press briefing […]
Nestle Nigeria repackages Golden Morn
Nestle Nigeria Plc, producers of Golden Morn and other beverages, has unveiled a new eco-friendly Golden Morn to enhanced economic growth and development. The Managing Director of Nestle, Wassim Elhusseini, said this at the “Rebirth of the King of Breakfast” event in Lagos. Elhusseini was represented at the […]
Eterna Plc appoints Okechukwu Ashiegbu as Chief Operating Officer …. Bunmi Agagu-Adu as executive directors
The Board of Eterna Plc has appointed Mr. Okechukwu Ashiegbu as Executive Director/Chief Operating Officer and Mrs. Bunmi Agagu-Adu as Executive Director of the company. This was contained in the company’s notice to the Nigerian Exchange Limited (NGX). According to the statement, the appointments are subject to approval/ratification by the […]
How US presidential election may affect, global economy, Nigerian business landscape- Standard Chartered Bank
Steve Brice, Global Chief Investment Officer at Standard Chartered Bank’s Wealth Solutions unit has noted the likely impact the 2024 United States of America (US) presidential election will have on the global economy, including the Nigerian business landscape. In a press statement, Brice has in a report outlined the anticipated […]
VFD Group Plc announces key board appointments and resignation
The Board of VFD Group Plc has announced the appointment of Mr. Ibraheem Nahim Abe and Mr. Hubert Asamoah as Non-Executive Directors. Additionally, Mrs. Morenike Ominike has been appointed as the Executive Director of Operations. This announcement was made in a notice to the Nigerian Exchange Limited and the investing […]
Tier-1 banks report 2024: Access Holdings leads in PBSI ranking
In recognition of its outstanding performance, Access Holdings PLC has been named the leading Tier-1 Bank in the 2024 Proshare Bank Strength Index (PBSI) report. The PBSI, which evaluates banks based on a comprehensive set of financial metrics derived from audited financial statements for the Financial Year 2023, underscores Access […]