Tag: Nigeria Business Now

Dangote Cement, FBNHoldings, others Lift Equity Market by N53bn

  The equity market rebounded on Thursday from its previous session’s loss, gaining N53 billion. Investor interest in key stocks such as Dangote Cement, FBN Holdings, Guaranty Trust Holding Company, GTCO, and Fidelity Bank, alongside other advancing equities, contributed to the market’s positive performance. The market capitalisation increased by N53[Read More…]

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Sterling HoldCo moves ahead in recapitalisation

    …cements capital raise with full regulatory approval     Sterling Financial Holdings Company PLC has achieved another milestone with the approval of the Central Bank of Nigeria (CBN) recognising an additional ₦75 billion in its capital raise. This approval represents the final leg of the capital injection that[Read More…]

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Access Holdings Plc secures regulatory approval for Rights Issue

• Strengthens Banking Subsidiary’s Capital Position Beyond Regulatory Requirements     Access Holdings Plc, has announced the successful conclusion of its Rights Issue, securing full regulatory approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). The Rights Issue involved the issuance of 17,772,612,811 Ordinary[Read More…]

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Tax reforms to stay, says president Tinubu

  President Bola Tinubu has reaffirmed his administration’s commitment to implementing tax reforms in Nigeria, stating that the reforms are irreversible. This declaration underscores the government’s determination to push through with the proposed changes, despite opposition from various quarters. President Tinubu in his maiden media chat held Monday in Lagos[Read More…]

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