The Securities and Exchange Commission (SEC) has stressed the need for a vibrant capital market in achieving the Federal Government’s $1 trillion economy target. The Director-General of SEC, Dr Emomotimi Agama, said this at the 2024 SEC Journalists Academy held in Lagos, Tuesday. Agama spoke on the theme: “The Role […]
Category: Trending
Trending News
Oriental Energy Conduct Naming Ceremony For Okwok Field FPSO
Oriental Energy Resources (OERL) announces the naming of the EMEM Floating Production Storage and Offloading Vessel (FPSO) at the Dry Docks World Dubai Shipyard in the United Arab Emirates. The naming ceremony was attended by His Excellency Vice President Kashim Shettima GCON, who represented His Excellency President Bola Ahmed Tinubu […]
Shell Nigeria Announces Final Investment Decision On Bonga North Project
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell Plc, has announced a final investment decision (FID) for the Bonga North deep-water project, located off the coast of Nigeria. The decision was disclosed in a statement issued by Shell in London on Monday. The Bonga […]
Seplat Energy Plc Shares Re-Admitted To LSE After MPNU Acquisition
Seplat Energy Plc, Nigerian energy company with listings on both the Nigerian Exchange Limited and the London Stock Exchange (LSE), has announced the re-admission of its shares to trading on the LSE’s main market. This development follows the company’s completion of its acquisition of Mobil Producing Nigeria Unlimited, as […]
NB Plc Appoints Juliet Anammah As Board Chairman
The Board of Directors of Nigerian Breweries Plc has announced the appointment of Juliet Anammah as the substantive chairman. Her appointment becomes effective January 1, 2025. She succeeds Sijbe “Siep” Hiemstra, who has been acting as the board chairman in an interim capacity since the start of the year. […]
Access Holdings To Acquire 100% of South African Bidvest Limited
Access Holdings Plc has announced that its banking. subsidiary, Access Bank Plc, has entered into a binding agreement with South African-based Bidvest Group Limited for the acquisition of a 100 per cent equity stake in Bidvest Bank Limited. This was contained in the Group’s notice to the Nigerian Exchange Limited […]
Seplat Energy Completes $800m Acquisition of MPNU
Seplat Energy Plc, Nigerian energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange has announced that it has completed its acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil. This was contained in a notice to the Nigerian Exchange Limited. The transaction is […]
FG Issues Six Sukuk Bonds Worth N1.1trn To Finance 124 Road Projects – SEC
The Securities and Exchange Commission (SEC) has said that the Federal Government of Nigeria has issued six Sovereign Sukuk worth N1.1trn ($657.6m), to finance 124 Federal road projects covering over 5,820 kilometers across the six geopolitical zones of the country. Director General of the SEC, Dr. Emomotimi Agama who […]
BOI Disburses N22.89bn From Manufacturing Intervention Fund
The Bank of Industry (BOI) has disbursed N22.89bn out of its N75bn Manufacturing Sector Intervention Fund to support 29 manufacturers. This was announced by Dr. Olasupo Olusi, Managing Director of BOI, during the bank’s first-ever interactive session with the Organized Private Sector (OPS) held in Abuja. The event, themed […]
UBA shareholders back N239.4bn rights issue
The shareholders of United Bank for Africa (UBA) Plc have expressed optimism that the bank’s N239.4 billion rights will be fully subscribed following their interest to buy more shares in the pan-Africa banking group. UBA has opened acceptance list for a N239.4 billion rights issue, offering 6.84 billion ordinary shares […]