Company Report
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Ecobank partners with CreditCorp to offer affordable financing to customers
Ecobank Nigeria has partnered with the Nigerian Consumer Credit Corporation (CrediCorp) to offer affordable and flexible loans to customers. These loans can be used to finance a variety of needs, including paying school fees, rent, maintenance costs, medical bills, car purchase & repairs, asset purchase, and more. The program is available to civil servants and private-sector employees whose salaries are…
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MTN Nigeria raises N42.20bn via Commercial Paper issuance
MTN Nigeria Communications Plc has notified the Nigerian Exchange Limited and the investing public of the successful completion of its Series 15 and 16 Commercial Paper issuance under the Company’s N250 billion Commercial Paper Issuance Programme (CP) where the Company raised N42.20 billion. Company Secretary, MTN Nigeria Communications, Uto Ukpanah stated that the 180-day and 270-day CP were issued at…
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UBA rewards customers with over N41m in final edition of legacy promo
· Promo makes 60 millionaires, gifts N200m United Bank for Africa (UBA) Plc has distributed over N41.8million in prizes to over 100 lucky customers in its just concluded UBA Legacy Promo series. The promo which began last year, was specially designed by the bank to celebrate UBA’s rich legacy spanning over 75 years, as well as its long-standing commitment towards…
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Loan dispute with GHL: Stock price of FBN Holdings jumps by 7.86%
FBN Holdings shares rose 7.86per cent week-to-date (WTD), closing the week ending January 10, 2025, in the green, despite an ongoing loan dispute with General Hydrocarbons Limited (GHL). Despite the ongoing legal battles, FBN Holdings shares still recorded a 7.86per cent gain, closing at N30.20 in the second week of January 2025. FBN Holdings began 2024 at a share price…
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Amid portfolio optimisation, MTN Group exits Guinea-Conakry
MTN Group has sold its subsidiary in the Republic of Guinea to the government as the management said the transaction aligns with its focus on portfolio optimisation and simplification, as part of the ‘Ambition 2025’ strategy. In a statement on Thursday, the telecommunications company (telco) said the sale was concluded on December 30, 2024. Commenting on the sale of the…
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Access Holdings rights issue oversubscribed by 105.76%
Access Holdings Plc has announced 105.76 per cent rights issue oversubscription and it has secured the full regulatory approvals of the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) of its recently closed Right Issue of 17,772,612,811 Ordinary Shares of 50 Kobo each at N19.75 Kobo per share and has raised the target amount of N351.01…
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MTN Nigeria renews spectrum lease agreement with NTEL
MTN Nigeria Communications PLC on Tuesday notified the Nigerian Exchange Limited and the investing public that the Nigerian Communications Commission (NCC) has approved the renewal of the spectrum lease agreement between MTN Nigeria and Natcom Development and Investment Limited (NTEL). This agreement covers the lease of NTEL’s 5MHz frequency division duplex (FDD) in the 900MHzspectrum band and 10MHz FDD in…
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Access Bank hosts President Steinmeier, commits to strengthening german-Nigerian trade relations
Access Bank Plc recently welcomed the President of the Federal Republic of Germany, Frank-Walter Steinmeier, during his first official visit to Nigeria, underscoring the growing importance of German-Nigerian economic ties. Accompanied by a delegation of German business leaders and representatives, President Steinmeier’s visit highlights Access Bank’s pivotal role in strengthening bilateral trade relations and supporting German businesses operating in Nigeria…
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Dangote-led flood committee delivers N1bn relief items to Borno Govt
The Aliko Dangote-led Presidential Committee on Flood Relief and Rehabilitation (PCFRR) has delivered emergency relief materials valued at N1 billion to the Government of Borno State for onward distribution to persons affected by the 2024 flood in the State. During the handover ceremony held on Tuesday in Maiduguri, the Secretary of the Presidential Committee on Flood Relief and Rehabilitation, Mrs.…
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Benue agog, as Dangote Cement, communities, seal multimillion Naira dev’t accord
A wave of jubilation swept through Gboko, Benue State, on Wednesday as Dangote Cement Plc and six host communities signed an historic Community Development Agreement (CDA). The landmark accord, which commits Dangote Cement to multimillion-naira development initiatives, was celebrated as a transformative milestone, with the communities pledging to uphold a peaceful coexistence. His Royal Highness, Ter Gboko, Gabriel Shosum, hailed…
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