Fit Row

Capital market gains N3.84tn on strong buying Sustained buying interest across major stocks lifted the Nigerian Exchange equities market by N3.84tn in the past trading week, as investors piled into banking, telecoms, industrial and consumer names, pushing the market deeper... Read More →

CIS, ASHON commend NGX as capitalisation crosses N100tn The Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria have congratulated the Nigerian Exchange Group Plc and Nigerian Exchange Limited on the historic achievement of the capital... Read More →

Heritage Bank liquidation: NDIC recovers additional N24.3bn for depositors The Nigeria Deposit Insurance Corporation has recovered an additional N24.3bn from the assets of the defunct Heritage Bank Limited to repay customers of the bank with balances above N5m as of... Read More →

MA’AM Energy’s $750m Geregu takeover excites investors The minority investor community and operators in the capital market have expressed optimism about the acquisition of majority shareholding in Geregu Power Plc by MA’AM Energy Limited, saying it was a major boost... Read More →

Eterna opens N21.5bn rights issue to drive expansion Eterna Plc, a leading integrated energy company, has officially opened its Rights Issue, marking a major milestone in its capital-raising programme and long-term growth strategy. The Rights Issue comprises 978,108,485 ordinary shares... Read More →

UBA surpasses N500bn capital milestone via rights issue The United Bank for Africa has emerged as the latest lender to meet the new minimum capital requirement set by the Central Bank of Nigeria for banks with international operations, as its... Read More →

NUPRC, NMDPRA partner to boost sector efficiency, attract investment The Nigerian Upstream Petroleum Regulatory Commission and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have renewed efforts to enhance regulatory efficiency and foster investments in Nigeria’s oil and gas sector,... Read More →

Equities firm as NGX market cap surges N138bn Nigerian equities closed the trading session on a positive note on Thursday as the total market capitalisation of the Nigerian Exchange Limited increased by N138bn, reflecting modest investor optimism despite mixed trading... Read More →

Champion Breweries unveils N42bn public offer Champion Breweries Plc has unveiled a N42bn Public Offer of ordinary shares, opening a new phase in the company’s capital-raising programme aimed at funding expansion and the acquisition of the Bullet brand portfolio across... Read More →

North central states move to domesticate new tax As Nigeria begins implementing its new tax laws, legislative momentum is building across the North Central region, with Jigawa, Plateau, Kogi, Nasarawa and Kwara States taking concrete steps to domesticate the reforms... Read More →