• Becomes largest-ever Nigerian oil and gas bond issuer Seplat Petroleum Development Company Plc (Seplat), a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), has priced its offering of $650 million in an aggregate principal amount of senior notes due 2026 (the notes). The […]
This move suggests the top tier lender could be taking the long view by laying up more earnings for future use rather than prioritising immediate returns for sharholders now. United Bank for Africa (UBA) will pay shareholders less dividend for the last financial year despite a more-than-a-quarter climb in profit, and a swelling of N60.6 […]
Wema Bank Plc yesterday released its unaudited results for the year ended December 31, 2020, showing marginal decline in top and bottom-lines. The financial institution recorded gross earnings of N80.852 billion in 2020, indicating a decrease of 14.7 per cent compared with N94.890 billion in 2019. Net interest income improved by 19.4 per cent to […]
The use of GhQR is expected to see significant growth as the number of institutions gone live with it increases to 15. It comprises 11 financial institutions and four payment service providers. The four payment service providers currently offering GhQR are Vodafone Cash, AirtelTigo Money, Hubtel and GCB’s G-Money, while the financial institutions offering the […]
The GhQR was launched last year to add up to existing electronic payment channels The use of GhQR is expected to see significant growth as the number of institutions gone live with it increases to 15. It comprises 11 financial institutions and four payment service providers. The four payment service providers currently offering GhQR are […]
The market gain was driven by price appreciation in large and medium capitalised stocks [Reuters/Akintunde Akinleye] Reuters Activities on the nation’s bourse resumed the week on Monday on a positive note following investors’ interests in Dangote Cement and Airtel Africa. Specifically, the All-Share Index inched higher by 86.97 points or 0.21 per cent to close […]
Justice Nicholas Oweibo of the Federal High Court, Lagos, has ordered the interim attachment of all monies belonging to Forte Oil Plc and Veritas Registrars Limited in 21 banks in Nigeria over alleged N464 million debt. The court also ordered the banks to jointly or severally appear before it to show cause why they shall […]
LAGOS (Reuters) – Nigeria’s Heirs Holding announced on Friday it had bought a 45% stake in an onshore oilfield as part of a deal that it said included $1.1 billion in financing from a consortium of global and regional banks and investors. International oil majors have been trying to sell stakes in onshore oilfields in […]
Following sustained bargain-hunting in the shares of most blue-chip stocks, the Nigerian equity market extended a bullish run to three consecutive sessions, yesterday, as the All-Share Index (ASI) increased further by 0.11 per cent. At the close of transactions Wednesday, the ASI expanded by 45.10 absolute points, or 0.11 per cent increase to close at […]
Following gains recorded by most blue chip stocks, especially Seplat and FTN Cocoa, transactions on the Nigerian Stock Exchange (NSE) extended gain to two consecutive sessions, causing market capitalisation to appreciate further by N66 billion At the close of transactions yesterday, the All-Share Index (ASI) gained 125.70 absolute points, representing a growth of 0.31 per […]
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