Afriland Towers: United Capital Group Holds Memorial Service for Deceased Colleagues United Capital Group held a solemn and befitting memorial service in honour of six colleagues who tragically lost their lives on Tuesday, September 16, 2025, following a fire incident at Afriland Towers, the company’s Lagos headquarters. The service, […]
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Airtel Africa Extends $55m Share Buy-Back Programme, Returns $34.7m to Investors
Airtel Africa Plc has announced an extension of its ongoing $55m share buy-back programme, after returning $34.7m to shareholders through the purchase of 14.2 million shares. The telecommunications and mobile money services provider disclosed that revised arrangements with Barclays Capital Securities Limited (Barclays) will facilitate the completion of […]
United Capital Mourns Six Employees Lost in Afriland Towers Fire
United Capital Plc has confirmed the deaths of six of its employees in the devastating fire that engulfed Afriland Towers on Broad Street, Lagos, on Tuesday, September 16, 2025, plunging the Nigerian financial services industry into mourning. In an official statement released on Wednesday, the leading investment banking […]
Wema Bank Concludes ₦150bn Rights Issue, Meets Regulatory Requirements For Commercial Bank
Wema Bank Plc has announced the completion of its ₦150bn Rights Issue, which opened on April 14th,2025, and closed on May 21st,2025. The exercise has received formal approval from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission. According to the bank, the Rights […]
NGX Lifts Trading Suspension On Universal Insurance Shares
The Nigerian Exchange Ltd. (NGX) on Wednesday lifted the suspension placed on trading on the shares of Universal Insurance Plc, effective WednesdaySeptember 3, 2025. This development enables shareholders to resume trading the company’s shares on the NGX platform. In its weekly report, the NGX stated, “We refer to our Market […]
Nigeria’s TotalEnergies Deal Marks Shift To Gas Development- Komolafe ……Says New Agreement Aligns With Petroleum Industry Act
Nigeria’s production-sharing contract with TotalEnergies (TTEF.PA), its first guided by a new law designed to boost the OPEC member’s gas production, will serve as a template for future deals, the oil regulator said on Wednesday. The country’s Petroleum Industry Act adopted in 2021 recognised the distinct economics of oil […]
FG Plans Online Harm Bill, AI Ethics Rules to Balance Innovation, Regulation
The Federal Government has announced plans to introduce an Online Harm Protection Bill and an AI Ethics Framework as part of a broader strategy to balance innovation with regulation in Nigeria’s digital ecosystem. Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, disclosed […]
Afreximbank Delivers HY’2025 Results With Net interest income at $835.9m
African Export-Import Bank Group (Afreximbank/Group) has released its consolidated financial statements for the six months ended 30 June 2025 (H1’2025). Amid heightened geopolitical tensions, persistent inflationary pressures, currency volatility, and tighter global financing conditions, the Afreximbank Group delivered, once again, satisfactory results for the first half of the […]
DMO Warns States Against Over-Borrowing, Advocates PPPs ……Says Nigeria Risks Debt Crisis Without PPPs, Improved Revenues
The Director-General of Nigeria’s Debt Management Office (DMO), Ms. Patience Oniha, has cautioned state governments against excessive borrowing, urging them instead to adopt Public-Private Partnerships (PPPs) and prioritise tax revenue mobilisation to fund infrastructure projects. She warned that without such measures, Nigeria risks sliding into another debt crisis. […]
SEC Warns Nigerians Against GVEST Global Over Suspected Ponzi Operations
The Securities and Exchange Commission (SEC) has cautioned Nigerians to steer clear of GVEST Global and its associated entities, describing the company’s activities as illegal and bearing the hallmarks of a Ponzi scheme. In a public notice published on its website, the capital market regulator revealed that […]