Company Report
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FMDQ Exchange admits debut GPC-SPV company bond on its platform
FMDQ Securities Exchange has approved the listing of the GPC-SPV Company’s ₦20billion Series 1 Fixed Rate Bond under its ₦50billion Bond Issuance Programme, on its platform. GPC-SPV Company PLC is a special purpose vehicle set up by GPC Energy and Logistics Limited to raise finance through the Nigerian debt capital market. GPC is a fast growing logistics company that provides premium logistics…
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Fidelity Bank, OnePipe team up to empower businesses with cutting edge payment solution
Fidelity Bank Plc, in collaboration with OnePipe, on Wednesday launched a payment gateway PayGatePlus in Lagos in a bid to deepen positive customer experience and create new opportunities for businesses to grow revenue. PayGatePlus, which is an upgraded version of the legacy PayGate product by the bank, is a payment solution and a comprehensive embedded finance platform that empowers organisations…
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JUST-IN: Access Bank reports N176.7bn PBT in 2021, hits N11.7trn in total assets
Access Bank Plc has reported N176.7billion profit before tax in the financial year result and accounts for the period ended December 31, 2021. The Pan-African bank’s profit before tax rose by 40.3 per cent when compared to N125.9billion reported in the prior year’s results. The audited results on the Nigerian Exchange Limited (NGX) showed 51.1 per cent increase in profit…
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FMDQ Exchange welcomes NECIT Nigeria Limited Series 1 CPon its platform
FMDQ Securities Exchange Limited has announced the approval for quotation of the NECIT Nigeria Limited’s N2.17 billion Series 1 Commercial Paper (CP) under its N20 billion CP Issuance Programme on its platform. NECIT Nigeria Limited is an indigenous company that deals in the manufacturing of car lubricants and engine oil, as well as the importation and sale of base oil.…
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Zenith Bank, MTN Nigeria, others donate N16.5bn to charities in 2021
Leading companies in Nigeria, Zenith Bank Plc, MTN Nigeria Plc, and four others donated N16.47billion to different charities in 2021, a decline of 0.7 per cent from N16.58billion in 2020. Others are Dangote Cement Plc, Lafarge Africa Plc, United Bank for Africa Plc (UBA) and Guaranty Trust Holding Company Plc (GTCO). The donations are in accordance with the provisions of…
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FBNQuest Merchant Bank registers N100bn CP programme on FMDQ Exchange
FMDQ Securities Exchange Limited (FMDQ Exchange), the choice platform for the registration, listing, quotation and trading of debt securities, has approved the registration of the FBNQuest Merchant Bank Limited N100 billion Commercial Paper (CP) Programme on its platform. The registration of this CP Programme strategically positions FBNQuest Merchant Bank to raise short-term finance from the Nigerian debt capital market (DCM)…
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Access Bank commits to improving children’s welfare with South Africa charity polo tournament
Donates R360,000 to Nelson Mandela Children’s Trust Fund Access Bank Plc has further demonstrated its commitment to making a difference through charity as the Bank successfully hosted its maiden Polo tournament held at the prestigious Val de Vie Polo Club in Cape Town, South Africa. The event was held to further create awareness and raise funds to support the education of underprivileged children in Africa.…
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Fidelity Bank sensitizes customers on emerging opportunities in non-oil exports, CBN RT200 FX policy
The efforts of the Central Bank of Nigeria (CBN) towards actualising $200 billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years have been given a major boost with a recently held workshop for exporters and investors in Akure, Ondo State. Hosted by leading financial institution, Fidelity Bank Plc, the workshop tagged, Harnessing Export Business Opportunities,…
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Ardova lists tranche A, B series 1 bonds on FMDQ Exchange
FMDQ Securities Exchange Limited (FMDQ Exchange), through its Board Listings and Markets Committee has admitted the listing of the Ardova Plc’s N11.44 billion Tranche A and N13.86 billion Tranche B Series 1 Fixed Rate Bonds under its N60 billion Bond Issuance Programme on its platform. Ardova is a leading indigenous and integrated energy company involved in the distribution of petroleum…
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IWD 2022: Fidelity Bank donates N10m to Dream Catchers Academy for girls
As part of its commitment to providing unrivalled support for women, Fidelity Bank Plc has pledged the sum of N10 million to Dream Catchers Academy—a free educational and performing arts academy for orphaned and underserved girls. The announcement was made at the bank’s recently held International Women’s Day celebration tagged, ‘A Fidelity Special in partnership with Linda Ikeji, which was…
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