Heirs Holdings Limited, chaired by billionaire Tony Elumelu, has reinforced its position in United Bank for Africa Plc (UBA) with a significant acquisition of 45,034,044 shares valued at N1.54 billion. This transaction, disclosed in a regulatory filing signed by UBA’s Company Secretary and Legal Counsel, Bili A. Odum, occurred between May 22 and 23, 2025, […]
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FCMB Limited has launched its Series 1 and 2 commercial paper issuance for public subscription, aiming to raise N70 billion from the capital market as part of its N100 billion commercial paper program. The issuance has been rated A2 by GCR and A- by Agusto & Co. and is subject to a 10% withholding tax […]
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The African Brands, a leading force in African brand journalism and intelligence, proudly announces its 10-year anniversary celebration. The milestone event will take place on June 20, 2025, at the prestigious Oriental Hotel in Lagos, Nigeria, marking a decade of shaping and influencing brands across the continent. Since its establishment in 2015, The African Brands […]
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Abbey Mortgage Bank has approved plans to raise N100 billion to support its transition from a primary mortgage bank to a regional commercial bank, aligning with the Central Bank of Nigeria’s (CBN) minimum capital requirement of N50 billion. The bank’s funding strategy includes issuing shares via rights issues and public offers, alongside financial instruments such […]
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NEM Insurance Plc has achieved a historic milestone by becoming the first non-life insurance company in Nigeria to surpass N100 billion in gross premium income. The announcement was made during the company’s 55th Annual General Meeting held in Lagos. Group Chairman Tope Smart described the achievement as a landmark moment, emphasizing the company’s continued leadership […]
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Standard Chartered Bank Limited has introduced its latest global wealth campaign, “Now’s Your Time for Wealth”, aimed at affluent clients. The initiative highlights the bank’s commitment to expanding its wealth management services by connecting corporate, institutional, and high-net-worth individuals to sustainable growth opportunities across Asia, Africa, and the Middle East. The campaign emphasizes Standard Chartered’s […]
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Lasaco Assurance Plc has recorded a 24% increase in profit before tax to N1.3 billion for the first quarter ended March 31, 2025, driven by strong growth in insurance revenue and improved underwriting performance. The company’s unaudited financial statements filed with the Nigeria Exchange Limited recently showed that profit before tax rose to N1.62 billion, […]
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Airtel Africa has announced the commencement of the second phase of its $100 million share buyback programme, with a fresh repurchase of up to $55 million worth of shares expected to run until November 19, 2025. This follows the successful completion of the first tranche, which was initiated on December 23, 2024. The company disclosed […]
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Rainoil Gas Limited has taken another step in its mission to expand clean energy access with the launch of a new Liquefied Petroleum Gas (LPG) plant in Ore, a key town in Ondo State. The newly commissioned plant, situated along the Ore-Okitipupa axis, is designed to make cooking gas more accessible and affordable for residents […]
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Scalepad LTD has achieved a significant milestone, assisting more than 50 companies in expanding their operations across Africa and the United States. The firm, known for its expertise in accounting and compliance services, has become a trusted partner for businesses seeking financial clarity and regulatory confidence. From startups to established enterprises, Scalepad has worked with […]
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