Managing Director and Chief Executive Officer of APT Securities and Funds Limited, Kasimu Garba Kurfi, has projected that the Nigerian Exchange (NGX) market capitalisation will surpass ₦100 trillion by the end of 2025, buoyed by foreign exchange stability, strong corporate fundamentals, and increased primary market activities. Speaking at […]
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Oando Shareholders Approve ₦500bn Capital Raise, Debt Conversion
Shareholders of Oando Plc have given approval to a comprehensive capital raising and restructuring plan worth up to ₦500bn, alongside the conversion of $300m in existing debt to equity, as part of efforts to strengthen the company’s financial position and drive long-term growth. The resolutions were passed at the […]
WAEC Discovers Errors in 2025 Exam Results, Advises Candidates To Recheck After 24 Hours
The West African Examinations Council (WAEC) has urged candidates of the 2025 West African Senior School Certificate Examination (WASSCE) who have previously checked their results to re-check after 24 hours. A statement signed by Ag. Head of WAEC’s Public Affairs, Yaba, Lagos, Moyosola Adesina, on Thursday, explained that a […]
Insurance Reforms Must Address Policy Complexity, Says Analyst
Financial analyst and Managing Director, Cowry Asset Management Limited, Johnson Chukwu, has called for a comprehensive simplification of insurance policies in Nigeria to boost public confidence and drive growth in the sector. He made the call during an interview on Channels Television, following the signing of the […]
UBA, Afrexim Bank Partner to Digitise African Trade Via LEO, PAPSS
United Bank for Africa (UBA) has integrated its Artificial Intelligence (AI) chatbot, LEO, with the Pan-African Payment and Settlement System (PAPSS) in a bid towards enhancing intra-African trade. The initiative launched in partnership with the African Export-Import Bank (Afrexim Bank), enables seamless end-to-end transactions across African borders in […]
FG Urged To Incentivize NASD Listings For Market Growth
The Federal Government has been urged to introduce targeted incentives to encourage public limited liability companies to list on the NASD OTC Securities Exchange, as part of broader efforts to deepen Nigeria’s capital market and drive inclusive economic growth. This appeal was made by the Managing Director and […]
Wema Bank Releases unaudited results for H1 2025, Profit Before Tax climbs 231% to N101.2billion
Wema Bank Plc, Nigeria’s oldest indigenous bank, most resilient and pioneer of Africa’s first fully digital bank, ALAT, has released its unaudited consolidated financial statements for the half-year period ended June 30, 2025, to the Nigerian Exchange Group (NGX). On track to set an unprecedented benchmark, Wema Bank’s […]
Q2 2025: Nigerian Breweries Records N733.19bn Revenue
Nigerian Breweries Plc has announced a revenue of N733.19 billion for the second quarter of the 2025 financial yea, a 53% increased compared to N478.84 billion recorded in the same period of 2024. According to the provisional result, net profit for the second quarter of 2025 stood at […]
UAC of Nigeria to Acquire Chivita, Hollandia From Coca-Cola
UAC of Nigeria Plc has announced it has entered into an agreement to acquire Chivita|Hollandia (CHI Limited), one of Nigeria’s leading food and beverage companies, from The Coca-Cola Company. The proposed transaction, subject to regulatory approvals, marks a major milestone in UAC’s strategic growth agenda within […]
Nestlé Nigeria Empowers Rural Women in Ogun State
Nestlé Nigeria Plc has announced the expansion of its flagship initiative, Nestlé Empowering Rural Women in Nigeria, to Agbara, Ogun State. Aimed at strengthening small businesses and enhancing livelihoods within rural communities, this program has welcomed 49 new female retailers. The Nestlé Empowering Rural Women in Nigeria […]