Union Bank records 138% profit growth for 2023 as restructuring plans continue
Nigeria’s second oldest bank, Union Bank of Nigeria has reported a pre-tax profit of N71.8 billion in the 2023 full...
Standard Bank Group plans to increase 67.55% stake in Nigeria’s Stanbic IBTC Holdings
The CEO of the Standard Bank Group has announced plans to increase its stake in the Nigerian bank, Stanbic IBTC...
Fidelity Bank “surpasses target”, raises over N127.1 billion in first phase of recapitalization effort
Fidelity Bank has surpassed the N127.1 billion target set in its combined offer programme, as the bank concludes the programme....
Access Holdings rights issue extended to August 23
Access Holdings has received the approval of the Securities and Exchange Commission to extend its ongoing rights issue programme to...
Seplat to pay N28 billion in interim dividends for second quarter of 2024
Seplat Energy Plc will pay N28 billion in interim dividends to its shareholders for the second quarter of 2024.
Zenith Bank promises higher dividend payout, as it gears for oversubscription in its N290 billion capital raise
Zenith Bank is promising an increased dividend payout to its shareholders despite the addition of over 8 billion shares through...
Oando soars by over 60% as banking stocks gain N316.4 billion in one week
Oando Plc was the highlight of the trading week ending August 9, 2024, as the stock posted a 60.47% gain...
10 things you need to know about the proposed Providus-Unity Bank merger
On August 6, 2024, the Central Bank of Nigeria approved the merger of Unity Bank and Providus Bank.
FCMB Asset Management set to raise N100 billion in Nigeria’s first private credit fund
FCMB Asset Management is set to raise about N100 billion (~$63 million) over the next one year as it pioneers...
One year after floating Naira, NGX market cap drops by $27.8 billion
About one year after the move by the Central Bank to float the Naira and achieve a unified exchange rate,...
