In recognition of the role Special Purpose Acquisition Companies (SPACs) play in catalyzing economic growth through public markets Nigeria and Africa, Nigerian Exchange Limited (NGX) hosted a webinar with the theme SPACs: An Alternative Route to Public Markets on Wednesday.…
Ardova Plc has announced the successful completion of a N25.3 billion Series 1 (Tranche A and Tranche B) Fixed Rate Senior Unsecured Bond Issue under itsN60 billion Debt Issuance Programme. The Bond Issue is the largest local currency bond issuance…
The Senate has queried the Securities and Exchange Commission (SEC) for spending N6 billion out of its N9 billion revenue on salaries and other emoluments. The Chairman, Senate Committee on Capital Market, Sen. Ibikunle Amosun (APC-Ogun) gave the query when…
The Nigerian stock market reversed its negative trend on Tuesday with capitalisation growing by N112 billion on bargain hunting in the shares of Airtel Africa and 17 others. Consequently, the capitalisation, which opened at N22.560 trillion inched higher by N112…
FMDQ Securities Exchange Ltd has approved the registration of the DLM Capital Group’s N20 billion Commercial Paper (CP) programme on its platform. This is contained in a statement by FMDQ Exchange made available to the Nigerian NewsDiect on Tuesday in…
Fidelity Bank Plc has posted a profit before tax (PBT) of N28.10 billion for the nine months ended Sept. 30. Fidelity Bank’s Chief Executive Officer, Mrs Nneka Onyeali-Ikpe, said this in the bank’s unaudited financial statement posted on the website…
The equities market of the Nigerian Exchange Limited (NGX) started the week on a negative note with a loss of N12 billion. In summary, the MGX All-Share Index (ASI) declined by 22.67 basis points, representing a decrease of 0.05 per…
Ecobank Nigeria was the cynosure of all eyes at the prestigious Banks and Other Financial Institutions’ (BAFI) Awards 2021 held in Lagos at the weekend. At the keenly contested awards, Ecobank Nigeria emerged winner of the “Market Confidence and Capital…
Seplat Energy Plc has confirmed the currency exchange rates to be applied in determining the interim dividend for the third quarter of 2021. The Company’s Chief Financial Officer, Mr Emeka Onwuka, disclosed this in a notice sent to the Nigerian…
Airtel Africa has announced that its subsidiary, Airtel Mobile Commerce Nigeria Limited, has been granted approval in principle by the Central Bank of Nigeria (CBN) to operate as a super-agent in Nigeria. The Group Company Secretary of Airtel Africa, Simon…
