Oando PLC, Africa’s leading integrated energy company listed on both the Nigerian Exchange Group (NGX) and Johannesburg Stock Exchange (JSE), posted robust Audited Full Year (FY) 2024 financial results with a 44% increase in revenue to N4.1trillion compared to N2.9 trillion in FY 2023. In the upstream, Oando’s production […]
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Airtel Sets ₦1,589/$ for Final Dividend Conversion
Airtel Africa Plc has announced the currency arrangements for its final dividend payment for the financial year. The Board has recommended a final dividend of 3.9 cents per ordinary share, payable on 25 July 2025, to shareholders whose names appear on the register as at the close of business […]
NEPL/Seplat JV Launches Mini-Grid Project, Celebrates YEP Graduation In Edo State
The NEPL/Seplat Joint Venture (JV) has unveiled a solar-powered mini-grid project, graduation of its pioneer Youth Entrepreneurship Programme (YEP) participants and the commissioning of a borehole project in Ologbo N’ugu, Edo State. Themed, “Building Capacity for a Greener Grassroots Economy,” the three-pronged initiative is centered on providing access to […]
FG, Nestlé Nigeria Partners To Launch Dairy Technical Skills Development Program
Nestlé has said that it is in collaboration with the Federal Ministry of Livestock Development to launch a Dairy Technical Skills Development Program. This initiative, formalized through a Letter of Intent (LOI) signed today in commemoration of World Milk Day 2025, aims to enhance the quality and […]
SEC Sounds Alarm on Ponzi Schemes, Calls for Vigilance to Safeguard Investors, Economy
The Securities and Exchange Commission (SEC) has sounded a renewed warning on the dangers of Ponzi schemes, highlighting their devastating impact on investor confidence, financial stability, and the Nigerian capital market. This was the central theme of a paper titled “Ponzi Schemes: Avoiding the Pitfalls of Illegality” presented […]
TotalEnergies Sells 12.5% Stake In Nigeria’s OML118 To Shell For $510m
French energy giant TotalEnergies has sold its 12.5 per cent non-operated stake in Nigeria’s OML 118 Production Sharing Contract to Shell Nigeria Exploration and Production Company Ltd (SNEPCo) in a deal valued at $510m. The transaction, conducted through TotalEnergies’ local subsidiary TotalEnergies EP Nigeria (TEPNG), marks another step in […]
Do not Patronise Silverkuun, SEC Warns
The Securities and Exchange Commission has warned the public against investing in unregistered investment schemes, including Silverkuun Investment Cooperative Society/Silverkuun Limited. In a circular issued in Abuja, Wednesday, the commission said its attention had been drawn to the activities of these entities, which falsely present themselves as investment advisers and […]
Otedola Declared the Activist Investor and Market Maker of the Year at Nairametrics Awards……….First Holdco Plc, FirstBank and First Asset also Shine at the Awards
First HoldCo Group had a great outing at the Nairametrics Capital Market Choice Awards ceremony which was held last Friday at the Civic Centre, Victoria Island, Lagos. The harvest of awards started with the Group Chairman of the Holding Company, Mr. Femi Otedola, CON, blazing the trail by being honoured […]
United Capital Asset Management unveils investment fund for children
United Capital Asset Management (UCAML), a leading asset management company and subsidiary of United Capital Group, has launched its latest mutual fund – The Children Investment Fund to shape the financial future of the next generation and to boost financial literacy. The Children Investment Fund is a naira-denominated, open-ended […]
MAN Urges CBN Action Over Banks’ Forex Forward Disputes
The Manufacturers Association of Nigeria (MAN) has called on the Central Bank of Nigeria (CBN) to urgently intervene in what it describes as unjust treatment of its members by certain commercial banks over unresolved foreign exchange (forex) forward obligations. The Association alleged that some banks have taken punitive […]