Stanbic IBTC reports N55.19bn as profit in Q3 2022
Stanbic IBTC Holdings Plc in the Third Quarter of 2022 achieved year on year growth in its revenue and profit after tax. Gross Earnings of N208.26 billion was achieved for the 9 months period, up by 41.20% from N147.496 billion achieved the previous year. Profit after tax grew year on […]
02
NovPreline Limited completes mandatory takeover of 1,300,000 ordinary shares equivalent to 0.10% equity stake in Eterna Plc
Eterna Plc has notified the Nigerian Exchange and the general public that following the granting of the ‘‘Authority to proceed’’ by the Securities and Exchange Commissions and its earlier announcement dated 19th April 2022, Preline Limited has notified Eterna Plc of the completion of the Mandatory Takeover of 1,300,000 ordinary[…]
Ecobank repays holders of its $400m Convertible Debt
Ecobank Transnational Incorporated (ETI), the Lomé-based parent company of the Ecobank Group, has announced today that it has repaid upon maturity the 5-year US$400 million convertible debt issued in September and October 2017. The holders of the convertible debt did not exercise their option to convert their holding into ordinary[…]
02
NovStock market slides downward by 0.17%
It was a bearish session on the floor of the Nigerian stock market on Tuesday as the All Share Index slid downward by 0.17% to close at 43,839.08 points from the previous close of 43,912.64 points. The Market Capitalisation declined by 0.33% to close at N23.840 trillion from the previous[…]
