Nigerian Breweries Plc (NB Plc) has announced that it will seek shareholders’ approval for the cancellation of 1.9bn unissued shares at its upcoming 79th Annual General Meeting (AGM), scheduled to take place virtually. The move follows the company’s N599.1bn Rights Issue, which led to the creation of additional […]
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Trending News
Nigerian Breweries Completes 100% Ownership Of Distell Wines & Spirits
Nigerian Breweries Plc (NB) has announced the acquisition of the remaining 20 per cent minority shareholding in Distell Wines and Spirits Nigeria Limited (DWSN), completing its 100 per cent full ownership of the company. According to the company’s notice to the Nigerian Exchange Limited, the acquisition, which follows […]
Listing Of InfraCredit Raises NASD’s Market Value To N1.95trn
NASD OTC Exchange Plc an over-the-counter (OTC) exchange in Nigeria, has listed 15,255,079,725 of Infrastructure Credit Guarantee Company (InfraCredit) at N2.43 each, valued at N37bn, which increased the Exchange’s total market value to N1.95trn. The listing provides strategic partnership between NASD and InfraCredit, highlights the Exchange’s commitment to […]
Tantalizers Expands into Blue Economy, Partners U.S. Consortium To Boost Seafood Exports
Tantalizers Plc, Nigeria’s quick-service restaurant (QSR) sector, has announced a major expansion into the country’s blue economy with the acquisition of 10 state-of-the-art trawlers and a strategic partnership with a U.S.-based marine consortium. This move marks a significant milestone in the company’s diversification strategy, aimed at tapping into […]
FG Canvasses For More Women Participation in Capital Market ……As SEC launches Podcast
As the world marks International Women’s Day, Nigerian women have been encouraged to explore investment opportunities in the capital market as a pathway to wealth creation. The Minister of State for Finance, Dr. Doris Uzoka-Anite, made this call during the official launch of the Securities and Exchange Commission […]
LCCI Cautions On NPA’s 15% Tariff Hike, Urges Phased Implementation
The Lagos Chamber of Commerce and Industry (LCCI) has expressed concerns over the Nigerian Ports Authority’s (NPA) recent 15 pr cent increase in port tariffs, warning of the potential economic impact on businesses and inflation. The Chamber has urged the NPA to consider a phased implementation of […]
CBN Retains Benchmark Lending Rate At 27.50%
The Central Bank of Nigeria (CBN) has retained the country’s Monetary Policy Rate (MPR) at 27.50 per cent citing improvement in economic indices. The apex bank’s governor, Olayemi Cardoso announced the decision on Thursday at the 299th Monetary Policy Committee Meeting (MPC). The decision comes after […]
VFD Group Commits N5bn Into V Bank To Drive Digital Banking Growth
VFD Group Plc has injected N5bn to its subsidiary, VFD Microfinance Bank’s (V Bank) Expansion and Financial Inclusion, a move aimed at accelerating the bank’s growth and strengthening its position as a leading player in Nigeria’s digital banking space. In a written resolution sent to the Nigerian Exchange […]
CSCS Unveils Regconnect Version2, Revolutionizing Data Exchange For Registrars
Central Securities Clearing System (CSCS) Plc is pleased to announce the launch of RegConnect Version 2, set to go live on February 28, 2025. This is a cutting-edge upgrade to its flagship web-based application designed to enhance operational efficiency and user experience for Registrars in the Nigerian capital market. […]
Access Bank Restates Commitment to Community, Sustainability at 10th Access Bank Lagos City Marathon
Access Bank Plc has celebrated the 10th anniversary of the Access Bank Lagos City Marathon last Saturday, highlighting the platform’s ability to foster unity, promote healthy lifestyles, and showcasing African excellence on the global stage. Since its inception in 2016, the marathon has evolved into a premier event, attracting […]