By Hamisu B. S. Union Bank of Nigeria Plc. has secured US$200 million in funding via a partnership with the sub-Saharan Africa financial services group, Atlas Mara Limited. in agreement with Overseas Private Investment Corporation (‘OPIC”), the U.S. government’s development finance institution. In a statement signed by the company secretary […]
By Hamisu B. S. The Board of Directors of May & Baker Nigeria Plc has approved the appointment of Senator Daisy Ehanire Danjuma as the Chairman of the Board of Directors of the company, this followed the retirement of the Lt. Gen. Theophilus Yakubu Danjuma (Rtd) (GCON) as a Director and Chairman […]
By Daniel Anomietei/Mediacraft Stanbic IBTC Pension Managers Limited (SIPML), a subsidiary of Stanbic IBTC Holdings PLC, has announced its sponsorship of the 2019 edition of Art X Lagos. This year, SIPML is sponsoring Art X Modern which is a newly created section dedicated to celebrating pioneers of African modern art from the […]
By Daniel Anomietei/ediacraft The 10th edition of the Standard Bank West Africa Investors’ Conference (WAIC) has commenced. The three-day event holding in Lagos, began on Tuesday, 17 September 2019, and will end on Friday, 20 September 2019. The year’s edition is themed: “Prism of Possibilities.” The West Africa Investors’ Conference is […]
By Daniel Anomietei/Mediacraft “We remain committed to operating to the highest level of corporate governance standards while delivering sustainable long-term value to clients and other stakeholders through world-class innovative operations and our customer-centric approach,” Sanni assured. According to the Chief Executive, the Group’s achievements are an indication that its strategy is delivering on […]
By Daniel Anomietei/Mediacraft As a responsible Nigerian company, Stanbic IBTC Holdings PLC continually seeks to contribute positively to its host communities through Corporate Social Investment (CSI) initiatives which have lasting and meaningful impacts in the areas of health, education and economic empowerment. This Nigerian financial institution seeks to establish community-based partnerships while […]
By Financescape Further to its announcement on 4 September 2019 and the Expiration Deadline at 5:00 pm (London time) on I1 September 2019, Zenith Bank plc announced the results of its invitation to holders of the 7.375% Notes due 2022 (Regulation S: Common Code: 161983977, ISIN: .361619839779; Rule 144A: Common Code:161984078, ISIN: US98935LAB36, […]
By Hamisu B.S. Shareholders of defunct Afribank Plc can claim their unclaimed dividend, In a statement published on its website, the Securities and Exchange Commission informed shareholders of the defunct Afribank Plc that unclaimed dividends by the bank are being held in trust on their behalf. Investors that have unclaimed dividends are therefore […]
By Hamisu B. S. MTN Nigeria Communications Plc (MTN) has confirmed that over the last days their facilities, customers and some of their stakeholders have been the subject of attacks in retaliation for the ongoing xenophobia situation in South Africa. The company confirmed reports of attacks in Lagos, Ibadan, and Uyo. MTN Nigeria […]
By Financescape The Nigerian Stock Exchange announced the reclassification of Oando Plc from Medium-Priced Stock to Low-Priced Stock. The reclassification is effective on September 5, 2019. In the statement the Exchange said the reclassification is in compliance to Rule 15.29: Pricing Methodology, Rulebook of The Exchange, 2015 (Dealing Members’ Rules). […]
By Financescape The Company received a notification on 3 September 2019 of a transfer of 904,717 ordinary shares held directly by Austin Avuru, the CEO of the Company, to Professional Support Limited, an entity wholly controlled by Mr. Avuru. The above transaction has not resulted in a change in beneficial ownership, which […]
By Hamisu B. S. C &I Leasing Plc a company listed on the Nigeria Stock Exchange to raise 3.23 billion additional capital through a rights issue. In a notice released by the Nigeria Stock Exchange, C&I Leasing Plc has through its Stockbroker, CSL Stockbrokers Limited submitted an application to The Nigerian Stock Exchange […]
