Nigerian banks have so far raised N2.4 trillion through the capital market in the ongoing recapitalisation of the banking sector directed by the Central Bank of Nigeria (CBN). Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, disclosed this in an interview in Abuja.
Agama stated that the capital market was strong enough to provide the much-needed finance for various sectors of the economy..............Read-More

Transcorp Hotels has paid 74 kobo per share, which represents a 270 per cent rise from the 20 kobo paid in 2023, to its shareholders for the year ending on December 31, 2024.
The company grew its profit before tax by 138 per cent to N22.61 billion in the 2024 financial year...............Read-More

eTranzact International Plc has announced a pre-tax profit of N5 billion for the year ended December 31, 2024.
This marks an impressive 53.2 per cent year-on-year growth from a pre-tax profit of N3.1 billion in 2023, highlighting the company's accelerating profitability and strategic expansion..............Read-More

Mortgage financial institution, LivingTrust Mortgage Bank Plc has applied for and secured the extension of time within which to file and publish its 2024 Audited Financial Statements.
This was disclosed in a statement filed with the Nigerian Exchange Limited signed by its acting company secretary, Dorcas Ajayi, on Thursday..............Read-More

The shareholders of Guaranty Trust Holding Company will on April 24 receive a final dividend of N7.03k, subject to approval.
In a corporate filing on the Nigerian Exchange Limited on Wednesday, the financial holding company said that shareholders with valid holdings as of April 15, 2025, will be eligible for the dividend payout..............Read-More

International Breweries has seen its loss after tax extended to the seventh year, as it recorded an N113bn loss in the 2024 financial year.
According to its audited financial report filed on the Nigerian Exchange Limited on Thursday, the brewer saw its loss worsen to N113.61bn from N70.03bn in 2023, marking a 62.25 per cent rise.............Read-More

Pan-African investment bank and financial services group United Capital is set to pay a dividend worth N9 bn to shareholders on Friday (today) for the 2024 financial year.
According to its corporate filings with the Nigerian Exchange Limited, the shareholders will receive the dividend payout after its approval at its Annual General Meeting scheduled for the same day.............Read-More

Secure Electronic Technology Plc has revealed plans to seek shareholders' approval for a share reconstruction and recapitalisation amid a net loss after tax of N121.03m in 2024.
This was disclosed in a notice of an extraordinary general meeting filed on the portal of the Nigerian Exchange Limited on Wednesday...............Read-More

Following the successful completion of its N599 billion rights issue Nigerian Breweries Plc has announced that the proceeds from the capital raise have been instrumental in eliminating its foreign exchange (FX) debt entirely from its balance sheet, a move that mitigates its exposure to currency volatility................Read-More