The Group Chief Executive Officer of FCMB Group Plc, Mr. Ladi Balogun, has said that the company’s ongoing N160 billion public offer will help strengthen its capital base and support …
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BankingBusinessCapital MarketEconomyFinanceINVESTMENTNigeria
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BankingCapital MarketCorporate EarningsEconomyFinanceNigeriaStock Market
Stanbic IBTC Records N278.48bn Profit in Nine Months, Up 52%
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 …
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Business InsightsCapital MarketCompaniesCorporate EarningsEconomyHospitalityINVESTMENTNewsNigeria
Ikeja Hotel Plc Posts N4.85bn Profit in Nine Months, Driven by Strong Revenue Growth
Ikeja Hotel Plc has reported a profit after tax of N4.85bn for the nine months ended September 30, 2025, marking a significant increase from the N2.0bn recorded in the same …
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AgricultureBusinessEconomyFinanceNigeriaStock Market
Okomu Oil Reports N60.3bn Profit in Nine Months
Okomu Oil Palm Company Plc has recorded a strong financial performance for the nine months ended September 2025, posting a profit after tax of N60.33 billion, representing a 113 per …
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AfricaBankingBusinessEconomyFinanceINVESTMENT
Zenith Bank Plans Major Expansion into Côte d’Ivoire and Francophone Africa After N614.65bn Capital Raise
Zenith Bank Plc has announced plans to expand its operations into Côte d’Ivoire and eight other Francophone African countries, marking a major step in its goal to become a leading …
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AgricultureBusinessCorporate NewsEconomyFinance
BUA Foods Approves N13 Dividend for Shareholders After Strong 2024 Financial Performance
BUA Foods Plc has declared a dividend of N13 per share for its shareholders after the company’s 4th Annual General Meeting (AGM) held on Thursday at the Transcorp Hilton Hotel …
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BusinessCapital MarketCorporate NewsEconomyINVESTMENTNigeria
NASD Declares First Dividend as Shareholders Celebrate Turnaround
Shareholders of NASD Plc have commended the company’s board and management for steering it out of years of losses to profitability, leading to its first-ever cash dividend payout. At the …
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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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Finance & ServicesGOVERNMENTINVESTMENTMarketsNigeriaPoliciesSecurity
SEC Orders Companies to Honour All Unclaimed Dividends, Rejects 12-Year Limit
The Securities and Exchange Commission (SEC) has issued a directive instructing all public companies and their registrars to stop denying shareholders access to dividends unclaimed for more than 12 years, …