Capital Market
FBNH: Otedola increases stake to 7.57% as fight with Kale for ownership intensifies
The battle continues to rage between two billionaires, Femi Otedola and Tunde Kale over the control of First Bank of Nigeria. Bank tried to sell 1.1bn shares.
Hard times ahead: Naira to crash to N600 per dollar this season as e-Naira app’s massive downloads continue
The naira continued a downward spiral as demands for the dollar soared. Experts predict that the Naira may fall to as low as N600 to a dollar this season...
Jackpot: Dangote Cement, MTN shareholders cash out big, firms lead best-paying dividend organisations in 2021
Dangote Cement and MTN emerge top dividend-paying organisations in a year filled with uncertainties caused by COVID-19. This is also despite a jump in the price
Buy 20 get one free: MTN announces sale of 575 million shares to investors at N169 per share
The minimum subscription is for 20 shares and lots of 20 shares thereafter. The offer includes an incentive in the form of 1 free share for every 20 shares
Emefiele expresses delight two billionaires, Otedola and Odukale, are battling for first bank leadership
The Central Bank of Nigeria Governor Godwin Emefiele has reacted to the leadership tussle for the control of First Bank of Nigeria by Femi Otedola and Odukale.
Honeywell, Flour Mills investors make N7.60bn in 16 hours as acquisition deal put smiles on shareholders face
During the five days trading period last week, Honeywell Flour’s share depreciated by 0.29 percent, as the capital market priced the equity low from N3.4kobo.
PenCom sets records straight on who is the majority shareholder of First Bank in a big win for Femi Otedola
The National Pension Commission (PenCom) has dismissed claim from First Bank that Hassan-Odukale is its biggest shareholder as part of its funds are public.
Unity Bank, Dangote Sugar are among the list of companies underperforming on the Nigerian Stock Exchange
Companies with underperforming stocks on the Nigerian Exchange have been revealed, although some of the listed with negatives returns could rebound December 31.
MTN gives Nigerians a chance to own the company as it offers to the public 575 million shares worth N99.5bn
After almost two years as a publicly-traded company, MTN Nigeria will offer the Nigerian investing public an opportunity to hold 575 million units of its shares
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