Wema Bank has unveiled plans to complete its capital-raising efforts with a strategy that involves a Rights Issue and a Special Placement, both set to begin on April 1, 2025. This final tranche aims to raise N200 billion in fresh capital, a pivotal step in the bank’s growth trajectory. This announcement marks the second and … Read more
FBN Holdings shares recorded a notable 7.86% increase week-to-date (WTD), closing the week ending January 10, 2025, in the green, despite a complex legal dispute with General Hydrocarbons Limited (GHL). The ongoing conflict stems from a loan agreement made during Oba Otudeko’s leadership at FBN Holdings, which has sparked a series of legal battles. A … Read more
The Chartered Institute of Stockbrokers (CIS) has revealed that Nigerian banks raised approximately N2 trillion from the primary market in 2024. According to the Institute’s President, Oluropo Dada, this achievement was highlighted during a recent event at the Nigerian Exchange Limited (NGX). The fundraising reflects the banking sector’s strategic involvement in capital markets to boost … Read more
Are you finding it difficult to push your business forward due to limited funding? Do you aspire to expand, upgrade, or scale operations but feel constrained by the inability to secure adequate financing? These obstacles can seem insurmountable, but now there’s a simple way to access a N500,000 business loan. This financial support comes with … Read more
Vitafoam Nigeria PLC has announced a proposed dividend of N1.05 per share, totaling N1.375 billion. The dividend awaits approval at the company’s 63rd Annual General Meeting, scheduled for March 6, 2025, in Lagos. This move highlights Vitafoam’s commitment to rewarding its shareholders despite a challenging year. The company reported strong financial growth for the year … Read more