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MayGTCO, the parent company of Guaranty Trust Bank, plans to raise $750 million by listing additional shares on the Nigerian and London Stock Exchanges. This move aims to meet and surpass the new working capital requirement set by the Central Bank in February 2024. The decision on whether the shares and bonds will be issued in tranches, […]
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JunNigerian Breweries Plc has notified the Nigerian Exchange and the investing public that at a specially convened meeting of the Board of Directors of the Company held on 30th May 2023, the Board was presented with an offer from Heineken Beverages (Holdings) Limited of South Africa, for Nigerian Breweries to acquire Heineken Beverages’ majority interests (via Distell[…]
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AprThe Nigerian stock market dipped further last week as MTN, SEPLAT and other 29 stocks shed weight. The All Share Index and Market capitalization declined by 1.04% and 1.08 to settle at 51,355.74 and N27.963 trillion respectively. An aggregate of slightly over 3.9 billion units of shares were traded in 16,856 deals, valued at N15.6 billion. The[…]
