as Aiyedatiwa promises more efforts to boost food security As part of his administration’s commitment to enhancing food security and supporting the agriculture sector, Ondo State Governor, Hon. Lucky Orimisan Aiyedatiwa, has launched the distribution of fertilizers to farmers across the State. The flag-off ceremony, which took place on Friday at the Agric Warehouse in […]
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Delta Airlines has announced its intention to install free and fast Wi-Fi on its nearly 700 fleets for the use of passengers. Delta described it as a dream come true, noting that its customers would have access to the internet connection before the end of summer. This was disclosed in a statement by the Senior […]
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Infinix, a trendy tech brand for young consumers, announced the launch of the Infinix XPAD – its first-ever groundbreaking AI-powered tablet designed to revolutionize how users engage with entertainment, productivity, and learning. “The Infinix XPAD represents our first foray into the tablet market, and we are incredibly excited to bring this transformative device to our […]
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The naira closed at N1,582.09 against the United States dollar at the official market on Tuesday, August 13, 2024. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the naira lost N4.4. It represents a 0.71 percent loss when compared to […]
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The Nigerian stock market capitalisation, on Tuesday, August 13, 2024, extended losses by N278 billion or 0.50 percent, following selloffs in BUA Cement, Zenith Bank, and FBN Holdings, among other declined equities. The Nigerian Exchange Limited (NGX) market capitalisation which opened at N55.574 trillion closed at N55.296 trillion. The All-Share Index also decreased by 0.50 […]
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Access Holdings The Securities and Exchange Commission has approved the extension of the rights issue of Access Holdings Plc to August 23. A statement from the financial institution indicated that its N351bn rights issue, earlier scheduled for Wednesday, has been extended due to the effects of the hunger protests across the country. Access Holdings issued […]
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Seplat Energy PLC will pay N28 billion in interim dividends to its shareholders for the second quarter of 2024. A corporate disclosure on the NGX website shows that the company will use an exchange rate of N1,570.99 per dollar—NAFEM’s closing rate on August 12—for its Q2 2024 interim dividend payment. With an interim dividend of […]
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Zenith Bank has started the process to raise N290bn fresh capital through rights issues and a public offer, to bolster its expansion efforts The bank is issuing 5.23 billion shares at N36 each to existing shareholders and 2.77 billion shares at N36.50 each to the public. This was disclosed by the Group Managing Director/Chief Executive […]
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Zenith Bank Plc has said part of its ongoing N289.38 billion hybrid offer will be used for the growth and expansion of its global operation. The Bank is raising N289.38 billion through a combination of a rights issue and a public offer. The rights issue offers 5.233 billion ordinary shares of 50 kobo each at […]
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The Central Bank of Nigeria has disclosed that the net foreign exchange flows into the country increased to $25.4bn in the first six months of 2024, marking a 55 percent increase from the figure recorded year-over-year. It said the evident progress is a result of its policy measures, as the naira closed at N1,596 against […]
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