Capital Market
MTN Nigeria successfully Raises N125 billion through Commercial Papers to fund operations
MTN Nigeria has succeeded in securing about N125 billion in Commercial Paper issuance, which it says the loan would be used to fund operations in the short term
Aliko Dangote makes N73.2 billion In one day, as his cement company gets SEC approval for shares buyback
Africa's Richest man, Aliko Dangote, became N73.2bn richer as his cement company announced a shares buy-back programme that will last for another 12 months.
Dangote, BUA Cement, and Lafarge rake in a whopping N2.35trn in 12 months
Dangote Cement is leading the pack of cement companies with the most profits in 2022. BUA Cement and Lafarge also trail behind with considerable profits in 2022
Nestle Chairman David Ifezulike set to receive N2.5m as company approves dividend of N36.50 per share
Nestle Nigeria a food and beverage company in Nigeria, has approved a dividend of N36.50 per share for its shareholders, which will be paid electronically.
Shareholders of BUA, MTN, Dangote and others to share N787 billion as 2022 dividend
Three Nigerian billionaires and shareholders of their companies will take home a total of N787.8bn as dividends in 2022 due to the performance of their firms
Abdul Samad Rabiu and brother make over N110bn in 8 Hours, as their company's market value soars
Abdulsamad Rabiu, his brother Kabiru had reasons to celebrate in the past 24 hours as their jointly owned company's share value rise earning them over N110bn.
Nigerian billionaires, banks CEOs, shareholders lose N18.2bn in nine days, as naira scarcity enters 4th week
Nigerian billionaires, bank CEOs, and shareholders have lost a combined N18.2 billion in 9 days due to violent protests and attacks on banks and staff property.
CBN approves Sterling Bank's appointment of Indian banker as its new non-executive director
Sterling Bank appoints Manish Singhal, a former General Manager of State Bank of India, as non-executive director; SBI is the bank's second-largest shareholder.
Julius Berger Goes Into Cashew Business, Borrows N30 Billion From Investors
One of Nigeria's famous construction companies, Julius Berger has revealed that it has taken N30bn in short-term debt from banks, pension fund administrators.
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