Stanbic IBTC Holdings Plc has reported a profit after tax of N278.48 billion for the nine months ending September 30, 2025, marking a 52 per cent increase from N182.87 billion …
rights issue
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BankingCapital MarketCorporate EarningsEconomyFinanceNigeriaStock Market
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BusinessCapital MarketCorporate EarningsManufacturingNigeria
Nigerian Breweries Records N1.04tn Revenue in Nine Months, Posts 157% Profit Growth
Nigerian Breweries Plc has announced a Group Revenue of N1.04 trillion for the nine months ended September 30, 2025, representing a 48 per cent increase from the N703 billion recorded …
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BankingCapital MarketEconomyFinanceINVESTMENT
Wema Bank Strengthens Capital Base with Fully Subscribed N50 Billion Special Placement
Wema Bank Plc has announced the successful completion of the second tranche of its N50 billion Special Placement, which was fully subscribed by investors. The achievement further strengthens the bank’s …
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BankingBusinessCapital MarketEconomyFinancial InclusionINVESTMENT
Wema Bank Surpasses Recapitalisation Target with N157bn Rights Issue
Wema Bank Plc has announced that it has successfully exceeded its recapitalisation target after raising N157bn through the first phase of its capital-raising exercise. The funds were secured from a …
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BusinessCapital MarketINVESTMENT
Industrial & Medical Gases Nigeria Plc Unveils N6.39bn Rights Issue to Fund Expansion
Industrial & Medical Gases Nigeria Plc has announced the launch of a N6.39bn rights issue aimed at strengthening its market position and supporting ongoing expansion projects. In a statement issued …
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EconomyFinance & ServicesInsuranceINVESTMENTMarketsNigeria
Royal Exchange Posts N496.8m Profit Amid Lower Earnings
Royal Exchange Plc, a key player in Nigeria’s insurance and financial services sector, has reported a profit after tax of N496.8 million for the financial year ended March 31, 2025. …
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Chams Holding Company Plc is set to raise N3.99 billion from the Nigerian capital market through a rights issue. The move is meant to help the company strengthen its capital …
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Banking, Finance & InvestmentBusinessFinance & ServicesINVESTMENTKenyaReal Estate
Former Kenya Tax Boss Anthony Mwaura Buys Sh1.6 Billion Worth of HF Group Shares
On 16 June 2025, it was confirmed that Mr Anthony Mwaura, former chairman of Kenya Revenue Authority (KRA), has bought a large number of shares in HF Group PLC. HF …
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BusinessEconomyFinance & ServicesMarkets
Nigerian Breweries Bounces Back, Records N44.6bn Profit in Q1 2025
Nigerian Breweries Plc has recorded a major turnaround in its business, posting a net profit of N44.6 billion in the first quarter of 2025. This marks a big comeback for …
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BusinessEconomyFinance & ServicesManufacturingMarkets
International Breweries’ loss extends to seventh year
International Breweries has recorded another year of losses, marking its seventh consecutive year in the red. The company’s audited financial report, filed on the Nigerian Exchange Limited on Thursday, showed …