Company Report
-
Wema Bank lists N147.8bn worth of shares on NGX
The share capital of Wema Bank Plc, one of Nigeria’s Tier 2 financial institutions, rose by a significant 66per cent with the listing of N147.8 billion or 14,143,244,747 additional ordinary shares on the Nigerian Exchange Limited (NGX). The move follows the successful conclusion of a Rights Issue earlier this year and positions the bank for enhanced capital strength and expanded…
Read More » -
FCMB Group lists 3.16bn units of shares on NGX
The Nigerian Exchange (NGX) has announced the listing of 3.16 billion additional shares of FCMB Group Plc at 50 kobo each. In a bulletin released by NGX Regulation, the exchange noted that the shares were added to the Daily Official List, increasing FCMB’s issued and fully paid-up shares from 39,605,421,562 units to 42,771,706,274 units. Following the listing, FCMB’s market capitalization…
Read More » -
Dangote Refinery denies mass layoffs, says reorganisation aimed at curbing sabotage
Dangote Petroleum Refinery and Petrochemicals has denied reports of mass layoffs at its 650,000 barrels-per-day facility, insisting that its recent workforce shake-up was a reorganisation exercise aimed at tackling sabotage and safeguarding operations. The company confirmed it had embarked on a restructuring of its operations following repeated acts of sabotage that raised major safety concerns within the refinery. In a…
Read More » -
UBA to host world leaders at UNGA 2025
…to launch White paper on unlocking Africa’s potential United Bank for Africa (UBA) Plc, Africa’s Global Bank, will gather world leaders, policymakers, investors, and other private sector players at the forthcoming 2025 United Nations General Assembly (UNGA) to provide a framework for partnership between Africa and the global community. Ahead of the 80th edition of the global event, UBA Group…
Read More » -
Nigeria reaffirms commitment to Africa’s energy security at APPO CEOs Forum
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Engr. Bashir Bayo Ojulari, has reaffirmed Nigeria’s commitment to working with other African nations to achieve sustainable energy security across the continent. Speaking at the 7th African Petroleum Producers’ Organisation (APPO) National Oil Companies CEOs Forum, held on Monday, Ojulari emphasized the urgency for Africa to…
Read More » -
FIRS debunks reports on mandatory TIN requirement for bank accounts
By Kunle Sanni – The Federal Inland Revenue Service (FIRS) has dismissed reports suggesting that Nigerians will be required to obtain a separate Tax Identification Number (TIN) to open or operate bank accounts from January 2026. In a statement issued on Monday, the agency clarified that the new tax framework is integrated with existing national registries—including the National Identification Number…
Read More » -
NCAA clears Air Peace co-pilot, disputes NSIB drug, alcohol allegations
The Nigerian Civil Aviation Authority (NCAA) has cleared the co-pilot involved in the June 13 runway incident at Port Harcourt International Airport, stating that neither its internal investigation nor the Nigeria Safety Investigation Bureau’s (NSIB) preliminary report found him guilty of any misconduct. The incident occurred when an Air Peace aircraft veered off the runway after landing well beyond the…
Read More » -
PZ Cussons Nigeria migrates from N90.32bn loss to N10.07bn profit in 2025
PZ Cussons Nigeria Plc on Monday disclosed its audited result and accounts for full year ended May 31, 2025 with N10.07 billion profit after tax as against N90.32 billion loss declared in audited result and accounts for full year ended May 31, 2024. The company in its filing on the Nigerian Exchange Limited (NGX) also declaared N16.66 billion profit before…
Read More » -
NMDPRA dismisses subsidy claims, attributes CNG price surge to market forces
By Kunle Sanni – The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified that there are no subsidies in the country’s oil and gas sector, insisting that Nigeria operates a fully deregulated market. The Director of Public Affairs at NMDPRA, George Ene-Ita, disclosed this to the News Agency of Nigeria (NAN) in Abuja on Friday while reacting to…
Read More » -
FAAN begins Lagos airport overhaul, urges passengers to arrive early
The Federal Airports Authority of Nigeria (FAAN) has commenced major reconstruction work at the Murtala Muhammed International Airport (MMIA) in Lagos. In a travel advisory issued on Friday, the agency appealed to passengers to get to the airport well ahead of their flight schedules to avoid delays or missed departures resulting from disruptions caused by the renovations. The reconstruction, part…
Read More »
Follow our WhatsApp Channel