Company Report
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Geregu Power lists N250bn in market cap worth of shares on NGX main board
Nigerian Exchange Limited (NGX) on Wednesday announced the listing by introduction of Geregu Power Plc on the Main Board of The Exchange. A total of 2.5 billion ordinary shares of Geregu were listed at N100 per share, under the Utilities sector and Electric Power Generation sub-sector of NGX, with the trading symbol, GEREGU. The listing of Geregu’s shares has added…
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Shareholders approve private placement of unissued Fidelity Bank shares
Fidelity Bank Plc, has secured the approval of its shareholders to issue, by way of private placement, the unissued ordinary shares of the Bank. This was approved at the Bank’s Extra-Ordinary General Meeting (EGM) held recently in Lagos. Addressing shareholders at the event which had the representatives of various regulators in attendance including the Central Bank of Nigeria, Nigeria Exchange…
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Heritage Bank, others canvass adequate agric financing for finance services repositioning
Heritage Bank Plc has affirmed that adequate agricultural financing is critical in defining Nigeria’s trade competitiveness, which guarantees sustainable agricultural systems, generates foreign exchange – a critical aspect that equips the financial sector to respond to changing market requirements and address critical sector needs for global competitiveness. Executive Director, Heritage Bank Plc, George Oko-Oboh disclosed this, during the Chartered Institute…
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We’ll continue to provide an efficient market to enhance securities lending, says NGX
Nigerian Exchange Limited (NGX) says it will continue to collaborate with market stakeholders to enhance securities lending transactions and provide an efficient and liquid market for investors. The Exchange noted that securities lending presents significant benefits to investors in a bull or bear market – either as lenders or borrowers. Speaking during the NGX Securities Lending Forum 2022 in collaboration…
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Top 50 Brands: Dangote emerges most Valuable for the fifth consecutive year
Dangote Industries Limited (DIL), has emerged as the Most Valuable Brand in Nigeria for a record 5th year in a row at the outcome of the 2022 corporate brand evaluation, conducted by the leading brand and marketing research firm, TOP 50 BRANDS NIGERIA. Dangote emerged top with an aggregate score of 83.7 Brand Strength Measurement (BSM) Index score. This is…
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Heritage Bank joins forces with Gail Sickle Initiative to rescue sickle cell patients
Heritage Bank Plc has upped the ante of its support in the corporate social responsibility space by joining forces with Gail Sickle Initiative to rescue people living with sickle cell anaemia. The partnership with Gail Sickle Initiative, a non-profit organisation, according to the Executive Director, Heritage Bank, Osepiribo Ben-Willie with its back-to-school project support, is to ameliorate the burden of…
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Capital Group Redeems N3.52bn Commercial Paper Issues
Capital Group yesterday announced the maturity and successful redemption of its N1.24billion Series 1, N1.01billion Series 2 and N1.27billion Series 3 Commercial Paper (CP) issues under its N20billion Issuance Programme. The N1.24bn Series 1, N1.01billion Series 2 and N1.27billion Series 3 Commercial Papers which were all issued via and quoted on the FMDQ Securities Exchange; matured on the 31st May 2022,…
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Shareholders approve Holding company structure for Sterling Bank
Sterling Bank shareholders have unanimously voted in favor of the creation of a new non-operating holding company (HoldCo) to hold the shares in its commercial banking operation as well as the shares of a newly incorporated subsidiary. The Alternative Bank Limited will operate as a Non-Interest Banking (NIB) business. At the end of a court-ordered meeting in Lagos yesterday, the…
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Osmond Ketiku, CEO of Osmond properties assures Nigerians of new viable land investment option
Investment, according to many financial advisors, is one of the guaranteed ways to double one’s income and journey towards financial freedom. Of the many options there are, land investment tops the list as one of the most reliable ways of building wealth as it is believed to be secured, has no value depreciation, and translates easily into transgenerational wealth. Along…
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Honeywell Group pays condolence visit to British High Commission in Lagos
The Chairman, Honeywell Group Limited (HGL), Oba Otudeko visited the British Deputy High Commissioner in Lagos, Nigeria, Ben Llewellyn-Jones, on Tuesday to offer his condolences following the passing of the British Monarch, Queen Elizabeth II. Oba Otudeko, who was in the company of senior HGL executives, signed the condolence register at the British High Commission in Ikoyi, Lagos. “Queen Elizabeth…
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