Company Report
-
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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.…
Read More » -
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…
Read More » -
Ecobank design & build expo: Experts advocate green building for sustainable financing
Industry professionals in the building and construction sectors have been encouraged to adopt green building practices as a means to secure sustainable financing for large-scale projects. This was the key takeaway from experts who spoke at the Ecobank Design and Build Expo in Lagos last week. Green building, or sustainable building, refers to the design and construction of structures that…
Read More » -
Holcim Limited with 83.81% stake in Lafarge Africa handovers to Huaxin Cement
Holcim Limited, an international investor holding its shares in the names of its subsidiaries: AIC UK and CariCement BV is seeking for regulatory approval to handover 83.81 per cent of its stake in Lafarge Africa Plc to Huaxin Cement Holcim Limited as of December 2023 had a shares in the names of its subsidiaries: Associated International Cement Limited UK(27.77per cent)…
Read More »
