By Esther Agbo Union Bank of Nigeria, under the leadership of its Managing Director and CEO, Yetunde Oni, has announced the commencement of a strategic recapitalisation process. This move comes as part of a broader effort to enhance the bank’s…
By Esther Agbo In a bid to bolster Nigeria’s capital market and support the Federal Government’s ambitious $1 trillion economy target, the Securities and Exchange Commission (SEC) has intensified efforts to attract more companies to list on the Nigerian Exchange.…
The Nigerian Exchange Ltd. (NGX) has lifted the suspension placed on trading in the shares of Guinea Insurance Plc, effective Aug.12. NGX, in its weekly report made available to newsmen in Lagos, confimed that the suspension was lifted because the…
By Esther Agbo United Capital Group has played a pivotal role in advancing Sierra Leone’s financial landscape by leading the issuance of the country’s first corporate bond denominated in local currency. The bond, valued at SLE32 million (approximately US$1.4 million),…
The domestic bourse, for the fourth consecutive session, extended its losses by N57 billion, driven by selloffs in FBN Holdings, Access Corporation and Transnational Corporation, among others. Specifically, the market capitalisation, which opened at N55.188 trillion, shed N57 billion or…
The Securities and Exchange Commission (SEC) on Wednesday vowed to ensure the settlement of unclaimed dividends, which stood at N215 billion as at March. Dr Emomotimi Agama, Director-General, SEC, said this at a news conference to highlight the outcome of…
By Esther Agbo The Nigerian equities market has again seen a bearish performance maintaining its downtrend since the week as Oando and 24 others led the local bourse to a southward close with a decline of N108 billion. The All-Share…
Access Holdings Plc has extended the duration for the acceptance of subscription to its ongoing Rights Issue. The company was Initially set to close its rights issue on August 14, 2024, however, the period has now been extended to August 23,…
By Esther Agbo Nigeria’s equities market continued its negative trend on Tuesday by 0.50 percent, representing about N279 billion loss as investors sold stocks like Nestle Nigeria and 28 others laggards on the Lagos Bourse. The All-Share Index (ASI) lost…
By Esther Agbo Guinea Insurance Plc has turned around its financial performance, posting a profit after tax of N477.77 million for the 2023 fiscal year, a significant leap from the N83.27 million loss recorded in 2022. This remarkable turnaround represents…
