Category: Capital Market/Banking

SEC, NGX Group Reiterate Commitment To Capital Market Digital Transformation
June 27, 2024 No Responses

SEC, NGX Group Reiterate Commitment To Capital Market Digital Transformation

The Securities and Exchange Commission (SEC) and Nigerian Exchange Group Plc (NGX Group) have reaffirmed their dedication to the comprehensive digitisation of the capital market, aligning with the transformation strategy outlined in the revised Capital Market Masterplan. The announcement came...
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FCMB-TLG Private Debt Fund Opens For Investment
June 24, 2024 No Responses

FCMB-TLG Private Debt Fund Opens For Investment

FCMB Asset Management Limited (FCMBAM), recently, held a signing ceremony for Nigeria’s first Naira denominated Private Debt Fund, the FCMB-TLG Private Debt Fund.The Fund, which has been approved by the Securities and Exchange Commission, is sponsored and ma...
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First Bank Confirms Alebiosu As MD
June 20, 2024 No Responses

First Bank Confirms Alebiosu As MD

First Bank of Nigeria Limited has confirmed the appointment of Olusegun Alebiosu as the substantive Managing Director (MD) and Chief Executive Officer (CEO) of the bank. In a notice on Wednesday to the Nigerian Exchange Group, the company’s Secretary, Adewal...
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EnjoyCorp Acquires Champion Breweries
June 20, 2024 No Responses

EnjoyCorp Acquires Champion Breweries

EnjoyCorp Limited has successfully completed the acquisition of 86.5 per cent stake in Champion Breweries plc, a prominent figure in the regional brewing industry.    EnjoyCorp acquired 100 per cent shareholding in The Raysun Nigeria Limited, which i...
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First Bank Partners International Women’s Society To Empower Women
June 14, 2024 No Responses

First Bank Partners International Women’s Society To Empower Women

First Bank of Nigeria Limited has partnered International Women’s Society (IWS) to empower over 250 widows, in commemoration of the 2024 International Widows’ Day.The News Agency of Nigeria (NAN) reports that beneficiaries at the Lagos event, tagged “IWS...
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SAHCO’s Shareholders Okay N406m Dividend For 2023
June 13, 2024 No Responses

SAHCO’s Shareholders Okay N406m Dividend For 2023

The Chairman of Skyway Aviation Handling Company (SAHCO) Plc, Barrister Taiwo Afolabi, has assured its shareholders of enhanced profitability and dividend in the current financial year ending Dec. 31, 2024.Afolabi gave the assurance at the company’s 14th...
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Presco Sustains Growth, Explains New Appointments
June 12, 2024 No Responses

Presco Sustains Growth, Explains New Appointments

   By citybusinessnews@yahoo.com   – Investors’ appetite for the shares of Presco Plc continued on Tuesday as the stock gained 9.97 per cent on NGX.  At the end of the day’s transactions, the share price of Presco Plc increased to&nbsp...
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Access Bank Completes Acquisition Of BancABC Tanzania
June 11, 2024 No Responses

Access Bank Completes Acquisition Of BancABC Tanzania

Access Bank Plc has announced the successful completion of its acquisition of African Banking Corporation (Tanzania) Limited (BancABC Tanzania), in line with its strategic expansion goals. With the successful acquisition of BancABC Tanzania by the Ba...
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NGX Launches New USSD To Enhance Capital Market Access
June 8, 2024 No Responses

NGX Launches New USSD To Enhance Capital Market Access

Nigerian Exchange (NGX) Limited has urged investors to leverage on its new USSD platform for enhanced capital market access.  NGX stated this at its Investor Education Series, partnered with Meristem via a zoom meeting held with the theme, ‘Unlocking Po...
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Presco’s Shareholders Okay N24.3b For 2023 Dividend
June 6, 2024 No Responses

Presco’s Shareholders Okay N24.3b For 2023 Dividend

For the year ended December 31, 2023, Shareholders of Presco Plc have approved dividend of N24.30 per 50 Kobo share, amounting to N24.3billion.   At the 31st Annual General Meeting (AGM) of Presco Plc in Lagos on Thursday, Shareholders also...
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FIDELITY BANK UNDERTAKES ₦29.6b RIGHTS ISSUE, ₦97.5b PUBLIC OFFER
June 5, 2024 No Responses

FIDELITY BANK UNDERTAKES ₦29.6b RIGHTS ISSUE, ₦97.5b PUBLIC OFFER

Fidelity Bank Plc has concluded all necessary arrangements to raise a total of up to ₦127,100,000,000.00 (One Hundred Twenty-Seven Billion, One Hundred Million Naira) by way of a Rights Issue to existing shareholders and a Public Offer (the “Combined Offer...
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IFC Awards Access Bank ‘Best Trade Partner Bank West Africa’
June 4, 2024 No Responses

IFC Awards Access Bank ‘Best Trade Partner Bank West Africa’

Access Bank has been recognised as the ‘Best Trade Partner Bank West Africa 2024’ by the International Finance Corporation (IFC). Presented at the Global Trade Partners Meeting (GTPM), held recently, in Barcelona, Spain, this prestigious award highlights A...
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CBN Revokes Heritage Bank’s License
June 3, 2024 No Responses

CBN Revokes Heritage Bank’s License

The  Central Bank of Nigeria (CBN) on Monday, June 3, 2024, revoked the licence of Heritage Bank with immediate effect.    A statement issued by the  Acting Director, Corporate Communications, CBN, Mrs Hakama Sidi Ali explained that – “The Cent...
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FIRSTBANK MAINTAINS IMPRESSIVE PERFORMANCE, POSTS N238.53BN PBT IN Q1 2024
June 2, 2024 No Responses

FIRSTBANK MAINTAINS IMPRESSIVE PERFORMANCE, POSTS N238.53BN PBT IN Q1 2024

FBN Holdings Plc declared N238.53 billion profit before tax (PBT) in its unaudited first quarter (Q1) ended March 31, 2024 results, which was about 325.2percent growth from the N56.1 billion reported in Q1 ended March 31, 2023.  The Q1 2024...
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