14
Aug
August 14, 2023
| Stock Exchange to review sustainability disclosures – The Nation |
| The NGX Regulation (NGX RegCo), the self-regulatory organisation that regulates activities at the Nigerian Exchange (NGX), is considering a review of the market’s sustainability disclosure requirements to align the Nigerian market with emerging global trends. Chief Executive Officer, NGX Regulation (NGX RegCo), Ms Tinuade Awe, said while the NGX had launched ………………… … .. …… .. …. . ……….. ………. …………. . ….. . … …………….……..Read More |
Supporting monetary policy to battle inflation – The Nation |
| Economists, international financial bodies and critical stakeholders in the financial sector have said fiscal policies can ease the task of monetary policy in reducing inflation while mitigating risks to financial stability. Therefore, they agreed that the fight against inflation should be a priority for the Central Bank of Nigeria (CBN)- led monetary policy team, and the Federal Government’s fiscal policy initiatives…., . … …………….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
McNichols Consolidated to raise N266m from shareholders – The Nation |
| McNichols Consolidated Plc is seeking to raise about N266 million in new equity funds from existing shareholders. McNichols Consolidated is offering 531.24 million ordinary shares of 50 kobo each at par value of 50 per share. The rights issue has been allotted on the basis 17 new ordinary shares for every 23 ordinary shares held at the close of business on September 16, 2022. Application list for the rights issue is expected to close on August 31, 2023….. .. .. …,….. ………. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
Fidelity Bank completes N14b shares placement – The Nation |
| Fidelity Bank Plc at the weekend completed a N14 billion private placement with the listing of about 3.04 billion ordinary shares issued to two major investors under the private share placement. Regulatory report at the weekend indicated that a total of 3.037 billion ordinary shares of 50 kobo each were added to the outstanding shares in the name of Fidelity Bank at a price of N4.60 per share. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
Seplat Energy to end gas flaring by Q4 2024 – The Nation |
| Seplat Energy Plc is headlining Nigeria’s national gas agenda with a commitment to eliminate routine gas flares by fourth quarter of 2024. The commitment comes as the company continued to leverage its gas potential. Seplat Energy grew its gas revenue by 10.21 per cent to $63.7 million in first half 2023 as against $57.8 million recorded in first half 2022………… … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
Guinea Insurance gets regulator approval for 1.8 billion shares issuance – Punch |
| Guinea Insurance Plc has said it has got regulatory approval to issue 1.8 billion units of ordinary shares at 50 kobo per share in a private placement. This was disclosed in a statement issued by the insurance company on the capital-raising effort. Part of the statement read, “The company had gained the unanimous approval of the industry regulators, including the National Insurance Commission, the Securities and Exchange Commission, and the Nigerian Exchange Group,………….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
FCMB offers N10 million clean energy loan to households, SMEs – Guardian |
| Nigerian households and small business enterprises (SMEs) looking to acquire solar panels, batteries, inverters and other green energy equipment now have access to as much as N10 million to acquire assets through the First City Monument Bank (FCMB) Energy Finance Loan. The loan is designed to help homes and small businesses like hospitals, schools, restaurants, bars, stores, hotels and fashion places to keep life and work going by using clean energy…………… … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |