Company Report
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Sterling Bank transforms on NGX, relists as Sterling Financial Holdings
Sterling Bank Plc on Thursday announced that it has completed a significant milestone in its ongoing transformation to a financial holdings company with the delisting, transfer, and relisting of all shares to the Sterling Financial Holdings Company on the floor of the Nigerian Exchange Limited (NGX). The relisting signifies another major development in the ongoing transition, as unanimously approved by its…
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Shareholders approve Capital Hotels’ delisting from NGX
Shareholders of Capital Hotels Plc have approved the company’s delisting from the Nigerian Exchange Limited (NGX). The company secretary, Capital Hotel, Mr. Alex Ugwuanyi in a statement said the board of directors had approved the decision by shareholders of the company. He noted that shareholders and other stakeholders at a Board of Directors’ meeting held in March approved the company’s…
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Dangote demonstrates use of Cement variants at Enugu Fair
As part of its public enlightenment programme, Dangote Cement has demonstrated how to put into appropriate use, its variants of cement to achieve the best results. At the on-going Enugu Trade Fair, the Company gathered stakeholders in the built industry and demonstrated the use of its Falcon cement brand, saying when used appropriately, the consumer is guaranteed solid structure that…
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Dangote lists N300bn Series 1 & 2 largest bonds on NGX, FMDQ
Dangote Industries Limited (DIL) has formally listed its N300 billion Series 1 and 2 bonds issued under the Dangote Industries Funding Plc during a grand listing ceremony at both the FMDQ and the Nigeria Exchange Limited (NGX) in Lagos. Group Managing Director of Dangote Industries Limited, Olakunle Alake told investors during the listing ceremony that the bonds were primarily for…
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N300bn bond listing: Dangote Industries lauds NGX market depth
The Group Chief Executive Officer, Dangote Industries Limited, Mr Olakunle Alake has expressed delight on the completion of the listing of the firm’s N300billion series 1 and 2 Bonds on Nigerian Exchange Limited, commending the depth of the capital market. Alake stated this at the Closing Gong Ceremony commemorating the listing of the bond held at the Exchange recently. The…
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30 host community youths graduate from Dangote electrical training programme
… Ibese Plant donates solar-powered Borehole Thirty youths from communities around Ibese in Ogun State have graduated from a training programme put together by Dangote Cement Plc, Ibese Plant as a way of transforming society and providing employment opportunities for the youths. The empowerment programme which afforded the youths the opportunity to be trained on domestic electrical installation, wiring and…
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CBN, SEC other regulating agencies impose N159m sanctions on Stanbic IBTC Holdings
…gets N44.85m sanction for failing to report export proceeds Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC), among other regulating agencies have imposed N159million sanction on Stanbic IBTC Holdings Plc in 2022 over various market infractions. The group in 2021 was sanctioned N233 million by CBN, among other agencies for failing to comply with banking and other regulations.…
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Stanbic IBTC Holdings reports 52.04% increase in PBT to N100.35bn, declares 200k dividend
Stanbic IBTC Holdings plc on Friday announced N100.35billion profit before tax in its audited result and accounts for the full year ended December 31, 2022, an increase of 52.04 per cent from N66billion reported in the corresponding period of 2021. In the period under review, the Group declared 41.9 per cent increase in profit after tax to N80.8 billion in…
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FCMB group announces debt issuance of N20.68bn amid enhancing Bank’s Tier 1, others
FCMB Group Plc has successfully completed the issuance of a N20.68billion perpetual 16% Fixed Rate Resettable NC5.25 Additional Tier I Capital Subordinated Bonds under its N300billion debt issuance programme. The Group’s AT1 Issuance is the first non-sharia local currency AT1 instrument issued in Nigeria and the Group’s maiden issuance of its N300 billion funding programme in the Nigerian capital market…
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Unity Bank launches women network to promote advocacy for gender equity
As part of initiatives to mark the International Women’s Day (IWD) 2023, Nigerian lender, Unity Bank Plc has announced the launch of Unity Bank Women Network to foster greater inclusion, equity, and opportunities designed to promote gender empowerment. While announcing the commencement of the initiative in Lagos on Wednesday, Managing Director of Unity Bank Plc, Mrs. Tomi Somefun said: “As…
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