Pan African financial institution, United Bank for Africa (UBA) Plc, has again rewarded its loyal customers in its Bumper Savings Promo in line with its unwavering commitment towards prioritising its customers’ financial well-being as well as boosting savings culture in Nigeria. Since…
By Kayode Tokede Royal Exchange General Insurance Company (REGIC) has announced the acquisition of a minority stake in the company by AfricInvest, a leading Pan-African asset management company. The investment was made through its evergreen private equity fund, FIVE, in…
By Kayode Tokede Ardova Plc has announced plans to issue Series 1 Bonds worth up to N22 billion, as part of its N60 billion Bond Issuance Programme. The Bond is subdivided into Tranche A and Tranche B offerings with maturity…
By Kayode Tokede Nigerian Exchange Group Plc (NGX Group) on Thursday confirmed its intention to list on the Main Board of Nigerian Exchange Limited (NGX). A total of 1,964,115,918 shares are expected to be admitted to trading and the shares…
By Kayode Tokede Activities on the equities market of the Nigerian Exchange Limited (NGX) on Wednesday closed on a positive note, extending the gaining streak to five consecutive trading sessions. The positive outcome was buoyed by investors’ buy-interests in banking…
By Kayode Tokede Chemical and Allied Products Plc (‘CAP Plc) has appointed Mr Folasope Aiyesimoju into its Board as a Non-Executive Director, effective from October 5, 2021. This is according to a notice signed by the Company’s Secretary, Ayomipo Wey…
By Kayode Tokede Dangote Cement Plc has emerged as the highest corporate income taxpayer, paying into the coffer of the federal government a total sum of N97.24billion in 2020. Following the cement manufacturer among top 100 elite companies listed on…
The Nigerian Exchange Limited (NGX) sustained bullish momentum on Tuesday with the market capitalisation crossing the N21 trillion mark. Specifically, the market capitalisation which opened at N20.969 trillion rose by N247 billion to close at N21.216 trillion. Cordros Research attributed…
Nigeria spent N1.47trillion on debt servicing payments in the first half of 2021, data obtained from the Debt Management Office have shown. In the first quarter of the year, the country spent N1.02trillion on both domestic and external debt servicing,…
The proposed review of revenue allocation formula between the three tiers of government is not intended to change the fiscal arrangement of the country. The declaration was made in Lagos on Tuesday by the Chairman of the Revenue Mobilisation Allocation and…
