Eterna Plc, one of Nigeria’s leading integrated energy companies, has taken a major step to strengthen its financial position with the launch of a rights issue valued at about N21.52 …
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BusinessCorporate AffairsEconomyEnergyFinanceINVESTMENTNigeria
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BankingBusinessCapital MarketCorporate GovernanceEconomyFinanceNigeria
Access Holdings Moves to Raise N40bn Through Private
Access Holdings Plc, the parent company of Access Bank, has announced plans to raise about N40bn through a private placement as part of its ongoing capital-raising programme. The move is …
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BusinessCapital MarketsEconomyFinanceInsuranceNigeriaRegulation
Guinea Insurance Moves to Raise N15bn as New Industry Capital Rules Take Effect
Guinea Insurance Plc has begun moves to strengthen its financial base as the Board of Directors seeks shareholders’ approval to raise up to N15bn in new capital. The plan was …
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BankingBusinessCapital MarketEconomyFinanceINVESTMENTNigeria
FCMB Group’s N160bn Public Offer Aims to Build Stronger Financial Base
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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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 …