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Oando Fails To Settle Minority Shareholders 18 Months After Court Order

Oando Plc has again failed to obtain approval for the Scheme of Arrangement document from the Securities and Exchange Commission and the Nigerian Exchange...

Investors Shun Chapel Hill’s Infrastructure Fund As N26.8bn Series 9 Offer Undersubscribed

Chapel Hill Denham’s Nigerian Infrastructure Debt Fund (NIDF) has been greeted by low patronage as the N26.8bn series 9 offer was undersubscribed by 56.7...

Union Bank To Pay Shareholders N7.7 Per Share As 106-Year-Old Institution Delists From Stock Market

Union Bank of Nigeria Plc has proposed a settlement amount of N7.7 per share for its shareholders as the lender is finalising plans to...

Nigerian Breweries Sustains Loss For Third Consecutive Quarters After Incurring N105.4bn Finance Cost

Nigerian Breweries PLC has sustained a loss for three consecutive quarters amounting to N57.19bn by September 2023, a position caused by the spike in...

Why Approval For Pension Funds Investment In NGX Derivatives Has Not Been Granted- PenCom

The National Pension Commission has said that it is still monitoring developments in the derivatives markets introduced in the Nigerian capital market and will...

Nigerian Breweries, Stanbic IBTC, Three Other Companies Lost Over N156bn In One Week

The share prices of five companies dropped in the past week forcing the Nigerian Exchange Ltd to close on a bearish note on Friday.The...

Guinea Insurance, Jaiz Bank Shares Gain As NGX Investors Made N15.2bn

Trading on the Nigerian Stock closed bullish on Wednesday with market capitalisation closing at N37trn from N36.98trn.The upward increase in the shares of Guinea...

Capital Hotel Sets Aside N1.6bn To Pay Off Minority Shareholders Ahead Of Exit From Stock Exchange

The owners of Capital Hotel Plc have received approval for its voluntary delisting from the Nigerian Exchange Limited (NGX) after setting aside about N1.64...

Oando Requires N768.1bn Additional Funding By End Of 2023 To Prevent Bankruptcy

Oando Plc’s stock price has lost 8.9 per cent of its value to settle at N11.85 after its financial accounts cast doubt over its...

Oando Loses N18bn As Equities Market Close Negative

Oando Plc has lost N18bn of its market capitalization after the Nigerian equities market closed negative.The oil giant was the worst loser after trading...

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