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Lagos, South Africa and New York
Thursday, September 24, 2020

Insider Dealing: Dr. Raymond Purchase 204,541 Shares in Honeywell Flour Mill

The management of Honeywell Flour Mill Plc has disclosed that Dr. Raymond Zoukpo, a non-executive director of the company, purchased 204,541 shares in Honeywell Flour Mill Plc. In a statement signed by Yewande Giwa, (Head, Company Secretariat and Regulatory Affairs), the company disclosed that Dr....

Dangote Cement completes N50b for new short-term capital

Dangote Cement Plc yesterday closed application for a commercial paper (CP) offer aimed at raising N50 billion in additional short-term debt capital as the Sub-Saharan Africa’s largest cement group is leveraging top-notch rating to deepen balance sheet and drive overall growth. Dangote Cement, Nigeria’s most...

Nigeria’s first Islamic Bank targets N5.41b gross income in Q4

The management of Jaizg Bank Plc has projected that the flagship non-interest bank will post a gross income of N5.41 billion in the fourth quarter with average pre-tax profit per average sales expected at 13.03 per cent. In a regulatory filing at the Nigerian Stock...

Lafarge Africa explains 29.7% profit surge in Q2’20

By NkirukaNnorom Lafarge Africa Plc has said that its second quarter, 2020 (Q2’20) financial result where it posted a 29.7 percent growth in Profit Before Tax (PBT), was buoyed by improved operating efficiency and implementation of the company’s Health, Cash and Cost initiative. Mr.Khaled El Dokani,...

South Africa-based borderless digital-only Bank appoints new CEO for Nigerian operation

South Africa-based borderless digital-only financial institution, DafriBank has appointed a new chief executive officer and kicked off the construction of a new headquarters in Lagos, Nigeria. This is part of plans to commence commercial banking operations in Nigeria by 2023. The new CEO Ramaswamy Easwara...

Stanbic IBTC splash shareholders with 601m scrip shares

Stanbic IBTC Holdings Plc on Wednesday listed 601.03 million new ordinary shares of 50 kobo each at the Nigerian Stock Exchange (NSE). The additional shares of 601.03 million ordinary shares of 50 kobo each resulted from the scrip dividend offered to eligible shareholders of Stanbic...

UACN GMD’s affiliate in N313m insider acquisition

An advisory services firm with indirect relationship with the Group Managing Director of UAC of Nigeria (UACN), Mr Folasope Aiyesimoju, has acquired about 1.9 per cent equity stake in the conglomerate in insider share dealing valued at about N312.97 million. AM & P Advisory Services,...

Nigeria Reinsurance names Ale as new MD

The Nigeria Reinsurance Corporation has announced the appointment of Akinsola Ale as its new Managing Director. His appointment has been confirmed by the National Insurance Commission (NAICOM). Before his appointment, Ale was the Executive Director Technical Services of Nicon Insurance Limited and briefly acted as the...

Prestige Assurance Extends N6.8bn Rights Issue

Prestige Assurance Plc has extended the offer period for the its rights issue of 13,635,796,006 ordinary shares of 50 kobo each at 50 kobo per share. The issue, which is expected to fetch the underwriting firm about N6.8 billion ought to have closed last...

Netflix Unveils Nigerian Original Content Series, Three Films

Netflix is proud to continue to invest in more original content from Nigeria." Netflix on Monday unveiled a new Nigerian original series and three new films from the African country. "The new series and films, which are at different stages of production while others are ready...
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