30 results
- 17 Jun 2019
NSE Raises Red Flag on 34 Firms, Issues Caveat
Nigerian Stock Exchange (NSE) has placed cautionary red alerts on 34 companies for their inability to meet listing requirements, implying underlying corporate governance weaknesses that investors…
- 22 Jan 2015
United Capital Releases Nigerian Economy, Financial Markets 2015 Report
United Capital Plc. has released its authoritative and eagerly anticipated Nigerian Economy and Financial Markets 2015 report which provides a detailed review of the Nigerian market in 2014 with…
- 1 Sept 2020
NSE Suspends 6 Companies from Exchange
Nigerian Stock Exchange (NSE) has suspended trading in the shares of six companies listed on its trading platform for failure to to adhere to the listing rules. As a result of this action,…
- 29 Apr 2021
United Capital Reports N3.12Bn Q1 Revenue
United Capital Plc, an investment bank and a pan-African financial and investment services group, has said it recorded N3.12bn revenue in the first quarter of 2021. It said this in a statement on its…
- 2 Jul 2014
Forte Oil Joins ‘High Priced Stocks’
The Nigerian Stock Exchange (NSE) concluded its review of the prices of stocks, as part of its plans to improve liquidity and deepen the market, with the announcement of a new security that…
- 9 Sept 2020
Fidelity Bank Plans N100Bn Bond Sale to Boost Capital
Fidelity Bank Plc plans to issue a N100 billion ($261-million) bond in the local currency to boost its capital ratios and funding capacity. The based bank wants to issue the debt in a series,…
- 5 May 2009
Diamond Bank Supports Oil Sector Conference
Diamond Bank Plc has reaffirmed its commitment and support for the development and growth of the oil and gas industry as it emerged the official banker to the Nigerian delegation to the Offshore…
- 23 Apr 2015
Seplat Petroleum, FBN Capital Others Close Secured Term Loan of $1.4 Bn
Seplat Petroleum Development Company Plc. (Seplat) a leading indigenous oil and gas exploration and production company, listed on both the Nigeria Stock Exchange and London Stock Exchange, closed in…
- 17 Jan 2017
AfDB Appoints Nigerian Director for Energy Financial Solutions
The African Development Bank has announce the appointment of Mr. Wale Shonibare as the Director – Energy Financial Solutions, Policy and Regulation with effect from 9th January 2017. He brings with…
- 28 Jul 2022
Heritage Bank, LCFE, others Unlock N445trn Commodities Ecosystem for Economic Industrialization
Lagos Commodities and Future Exchange (LCFE), Heritage Bank Plc, Capital Market players and other stakeholders have unlocked the $1trillion (N445trn) commodities ecosystem as avenue to diversify the…
- 17 May 2013
UBA to Increase Loans for Oil, Power Projects
United Bank for Africa Plc has said it plans to increase loans by as much as 40 per cent this year to fund oil, power and manufacturing projects. Mr. Ugochukwu Nwaghodoh, bank’s chief financial…
- 18 Aug 2008
Acorn Petroleum Heads to Capital Market, Expands, Shareholder Base
Acorn Petroleum plc, fresh from its hugely successful private placement exercise, is poised to issue fresh shares through an initial public offer (IPO). Ahead of this, the company has held an…
- 28 Jul 2024
LH Telecoms, Nigerian Firm Acquires Majority Stake in 9mobile, Changes Board
LH Telecoms Limited, a Nigeria based company has acquired Emerging Markets Telecommunication Services Limited, operating under the trade name 9Mobile. According to a statement issued on Sunday by the…
- 26 Apr 2014
Bankers, Foreigners top EFCC’s Most Wanted List
Economic and Financial Crimes Commission (EFCC) has released list of wanted persons for various financial and economic crimes, just as the anti-graft agency said it has intensified efforts to…
- 28 Mar 2018
Milost Ends Unity Bank $1Bn Deal over Threats from Politician
Milost Global Inc., a private-equity firm has ended talks to provide $1 billion to Unity Bank Plc, saying it received threats that it will be run out of Nigeria if the deal continues. The New…
- 9 Jun 2017
Opeke, Others to Speak Third NSE, Bloomberg CEO Roundtable
The Nigerian Stock Exchange (NSE) in collaboration with Bloomberg is set to host the third annual NSE Bloomberg CEO Roundtable on Friday, June 16, 2017 at Stock Exchange House, Marina, Lagos. Ms.…
- 17 Mar 2016
Nigeria’s S&T Media Secures $1m Seed Round
Nigeria-based S&T Media has closed on seed financing from early-stage technology venture capital firm, EchoVC Partners, who have committed up to $1m for the company. The official announcement…
- 17 Jan 2021
Heirs Holdings Acquires 45% Per Cent of OML 17 from Shell, Total and ENI
Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest publicly listed…
- 19 Oct 2009
ExxonMobil Buys $4b Stake in Ghanaian Oil Field
ExxonMobil Corporation has agreed to buy a $4 billion stake in an oil field off the coast of Ghana, as the global energy giant seeks a foothold in a major new oil-producing region. The deal is…
- 27 Feb 2013
Diamond Advocates Capacity Building in Nigerian Oil & Gas Industry
To entrench a culture of sound corporate governance practices in the Nigerian oil and gas industry, there has to be a consistent investment in capacity building across board in companies operating in…
- 30 Apr 2020
Virus, Oil Collapse Shake Foundations of Banks
Nigerian banks have more to worry about than the coronavirus: Cratering oil prices and the threat of another naira devaluation are emerging as the biggest risks to how many lenders will emerge…
- 24 Mar 2025
Fidelity Bank Strengthens Entrepreneurs' Global Trade Skills with EMP 18 Programme
Fidelity Bank Plc, has once again highlighted the importance of promoting non-oil exports as it recently hosted the 18th edition of its dedicated capacity development training tagged Export…
- 12 Dec 2014
Nigeria Sinks Below Zimbabwe Stock Valuations
Nigeria’s Islamist insurgency, tumbling oil revenue and a looming presidential election have turned the nation’s stocks into Africa’s biggest laggards, according to Bloomberg . The country’s main…
- 9 Aug 2021
NIPOST Raids Firm over Alleged Shady Deals in Capital Market
Courier and Logistics Regulatory Department (CLRD) of the Nigerian Postal Service (NIPOST), said it has uncovered some of the shady deals going on at the Nigerian Capital Market, involving some…
- 4 May 2016
Otedola Loses $400m in 9 Weeks
Stock price of Forte Oil, owned by Femi Otedola, Nigerian billionaire, shed off 43.5% in value in the last nine weeks, costing the business magnate more than $400 million of his personal fortune,…
- 1 Aug 2017
Skye Bank Asks FG to Seize Ntel, Discos, Says Ex-MD Wreaked Havoc
Management of Skye Bank Plc has written to Acting President Yemi Osinbajo, detailing how Tunde Ayeni, chairman of the bank between 2010 and 2016, allegedly wrecked the financial institution,…
- 26 Feb 2013
Unveiling 20 Richest Men in Nigeria
BusinessNews , a web site owned by Aniekov Nigeria Limited has published the list of 20 richest people in Nigeria with Aliko Dangote of Dangote Group; and Mike Adenuga of Mike Adenuga Group…
- 24 Feb 2015
Dangote Loses $7.8Bn as Naira, Stocks Crash
Aliko Dangote, Africa’s richest man, is the biggest loser among Nigeria’s richest people as the Naira’s slump, coupled with falling stock prices, have erased more than $7.8 billion of his…
- 23 Oct 2021
First Bank Denies Reports of Otedola Takeover
FBN Holdings Plc Friday denied claims by online media that Femi Otedola, business mogul, has acquired majority stake in the bank. Femi Otedola In a statement signed by Seye Kosoko, company secretary,…
- 4 Jul 2023
Sonnie Ayere, DLM Capital Founder Bags LifeTime Achievement Award
Sonnie Babatunde Ayere, founder and Group CEO of DLM Capital Group, has received a lifetime achievement award from The International Investor. This award is intended exclusively for business…