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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BankingBusinessCapital MarketEconomyFinancial InclusionINVESTMENT
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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, …
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AFRICA NEWSBusinessBusiness InsightsEconomyEntrepreneurshipGOVERNMENTINVESTMENTMarketsNewsTechnology
Custodian Investment Grows Profit by 133%, Pays ₦60.67bn Before Tax in 2024
Custodian Investment Plc has recorded a major profit jump, ending the 2024 financial year with a profit before tax of ₦60.67 billion. This marks a 133 per cent increase from …
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After almost nine years without paying dividends, UPDC Plc has announced plans to reward its shareholders once again. This move marks a major step in the company’s financial recovery and …
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BUA Cement Plc has posted a revenue of N290.8bn for the first quarter ended March 31, 2025, marking a massive increase of 80.5 per cent compared to the N161.1bn it …
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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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Business and EconomyEnergyINVESTMENTNigeriaOil & GasWestern Africa
TotalEnergies Records N27bn Profit, Proposes N40 Dividend Per Share for 2024
TotalEnergies Marketing Nigeria Plc has reported a profit of N27.49 billion for the financial year ended December 31, 2024. This marks a significant 113 per cent increase from the N12.92 …
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Guaranty Trust Holding Company Plc (GTCO) has announced that shareholders will receive a final dividend of N7.03 per share on April 24, 2025, subject to approval. This disclosure was made …
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LivingTrust Mortgage Bank Plc has secured an extension to file and publish its 2024 Audited Financial Statements. The bank received approval from the NGX Regulations Limited to submit and release …