… fully recapitalises two banking subsidiaries Sterling Financial Holdings Company Plc (“Sterling HoldCo” or “the Group”) has announced the commencement of the allotment process for its 2025 Public Offer of 12,581,000,000 ordinary shares of 50 kobo each at ₦7.00 per share. This follows the earlier receipt of[Read More…]
Billionaire Otedola reclaims throne, acquires N18.9bn shares in FBN Holdings Femi Otedola, billionaire businessman and chairman of FBN Holdings, has regained his position as the majority shareholder of First Bank. According to corporate filings on the Nigerian Exchange Group (NGX) on Thursday, Otedola now owns 9.41 percent shares in[Read More…]
Stock roundup: Investors trade N41.5bn shares in three days Investors in the Nigerian capital market traded 2.314 billion shares valued at N41.547 billion in 28,095 deals in three days last week. This however fell short of the 3.369 billion shares worth N41.986 billion traded by shareholders in 39,764 deals the[Read More…]
