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Capital Market
‘IOCs’ divestment: Opportunity for indigenisation in Nigeria’
IN this era of divestments by the International Oil Companies (IOCs) from Nigeria, indigenous energy companies with the right competencies and wherewithal are natural partners to the government in the quest to harness oil and gas assets,…
FMDQ Exchange quotes Nevea’s Series three, four Commercial Paper
NEVEAH Limited has announced the quotation of its Series three and Series four Commercial Paper Issuances on the FMDQ Exchange.
According to a statement from the company, both Series three and four CP issuances were well received and…
Red Star Express increases profit by 87%
RED Star Express Plc has declared a Group Profit Before Tax of N413.9 million for the year ended March 31, 2022, which is an impressive increase of about 87 per cent from the sum of N220.8 million recorded in the same period of 2021.…
Q1’2022: Ardova Plc posts N50.6bn revenue
ARDOVA Plc, in its 2022 first quarter unaudited financial results has posted N50.57 billion revenue for the company and N62.93 billion for the group.
The results sent to the Nigerian Exchange Limited (NGX) indicated benefits of…
Stanbic IBTC Holdings appoints new directors
STANBIC IBTC Holdings PLC, a member of Standard Bank Group, announced the appointment of new directors to oversee the operations of various subsidiaries within the group.
The appointments were in line with the financial institution’s…
Bloc acquires Orchestrate in cash, equities deal
BLOC, Nigeria’s full-service fintech and banking service infrastructure provider, announces its acquisition of Getwallets, the wallets-as-a-service provider that has now recently pivoted to become a payments orchestration company,…
NGX remains preferred listing platform for capital raising
CAPITAL market stakeholders have commended the Nigerian Exchange Limited (NGX) for providing a vibrant listing platform for government and corporates to meet their business objectives.
At the NGX CEO Roundtable, themed, ‘Creating the…
Nigeria, Ghana collaborate to promote efficiency in regulatory oversight
IN recognition of the importance of enhanced coordination and cooperation concerning issues of common regulatory interest, the Securities and Exchange Commission (SEC) Nigeria has pledged to work with its Ghanaian counterpart to achieve…
Onyema tasks investors on embracing Africa’s growth market
THE Group Managing Director/Chief Executive Officer, Nigerian Exchange Group Plc, Mr Oscar Onyema, has called for more investments in Africa’s marketplace.
He made this disclosure while delivering a speech at the African Risk and…
Ardova Plc submits FY 2022, Q1 2022 results
ARDOVA Plc has announced the release of its 2021 Audited Financial Statements and Q1 2022 Unaudited Financial Results.
According to the financial results received from the Nigerian Exchange Limited (NGX), the company posted a profit of…