Guaranty Trust Holding Company Plc (GTCO) has announced the opening of its offer for subscription of 9,000,000,000 ordinary shares at 50 kobo each, priced at N44.50 per share. This follows the clearance of the offer prospectus and the registration of the shares by the Securities and Exchange Commission of Nigeria […]
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Only increased crude production can resolve Nigeria’s exchange rate crisis- Cowry Asset MD
The Managing Director, Cowry Asset Management Limited, Mr. Johnson Chukwu has said that the only solution to Nigerian exchange rate crisis is improving crude production. Chukwu stated a webinar tagged HY 2024 Nigerian Economic and Financial Markets Review and Outlook for H2 organized by the company. He noted that government’s […]
Finance minister urges new SEC board to embrace tech and innovation for effective market regulation
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has called on the newly appointed board of the Securities and Exchange Commission (SEC) to embrace innovation to effectively regulate a dynamic capital market. Speaking during the board’s inauguration in Abuja on Monday, Edun expressed his enthusiasm […]
GTCO unveils N400.5 billion public offer to fuel international growth and innovation
Guaranty Trust Holding Company Plc (GTCO) has unveiled plans for a substantial N400.5 billion capital raise through a public offer, aimed at fortifying its financial foundation and expanding its global presence. The announcement, made during the “Facts Behind the Offer Presentation,” featured insights from GTCO’s Group Managing Director, Mr. Segun […]
eTranzact expands utility bill payment solutions to Northern Nigeria
eTranzact Plc, a leading e-payment gateway company, has announced the expansion of its utility bill payment solutions to the northern region of Nigeria. Residents of Jos, Bauchi, and Kaduna can now effortlessly top up their electricity bills using the Powercode service by simply dialing *389# on their mobile phones and […]
eTranzact deploys digital verification system for the military pensions board
eTranzact, a leading provider of innovative financial technology solutions, has announced its role as the technology solution provider for the Military Pensions Board’s new digital verification system for military pensioners, officially launched on July 1, 2024. This initiative marks a significant milestone in leveraging technology to streamline pension verification processes […]
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 […]
BREAKING NEWS: NGX Group confirms Jude Chiemeka as CEO of its flagship subsidiary NGX Limited
Nigerian Exchange Group Plc (NGX Group) has announced the appointment of Mr. Jude Chiemeka as the substantial Chief Executive Officer of Nigerian Exchange Limited, its operating exchange subsidiary. According the group’s notice to the Exchange obtained, the appointment was effective from July 1, 2024, following the Securities and Exchange Commission […]
Nigerian capital market primed to support bank recapitalization initiatives
The Nigerian capital market is strategically positioned to drive the ongoing bank recapitalization exercise, leveraging advanced technology to facilitate the capital-raising efforts mandated by the Central Bank of Nigeria’s new requirements. Nigerian Exchange Group Plc (NGX Group) and its subsidiaries are spearheading this initiative, working in close collaboration with the […]
Access Holdings launches N351 billion rights issue for capital enhancement
Access Holdings Plc has held a formal signing ceremony as part of the arrangements to raise a total of N351 billion by way of a rights issue to existing shareholders. The offer is part of the group’s strategy to enhance its working capital requirements, which includes organic growth funding for […]