Company News Archives - Nairametrics

Jensen Huang’s Nvidia hits $4 trillion valuation, becomes world’s most valuable company

Deborah Dan-Awoh — Wed, 09 Jul 2025 16:57:53 +0000

Nvidia has officially become the most valuable publicly traded company in the world, reaching a market capitalization of $4 trillion on Wednesday, a historic jump powered by the surging demand for artificial intelligence and the chips that fuel it.

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Palm oil heavyweight Presco declares N42 dividend for shareholders, reveals payment date

Izuchukwu Okoye — Tue, 08 Jul 2025 13:02:22 +0000

Nigerian palm oil company Presco Plc has announced a final dividend of N42 for every 50 kobo ordinary share held, for the financial year ended December 31, 2024.

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GTCO Plc becomes the 1st financial services institution in West Africa to achieve listing and trading of its ordinary shares on the London Stock Exchange

NM Partners — Sat, 05 Jul 2025 08:45:17 +0000

Guaranty Trust Holding Company Plc (GTCO Plc), Africa’s leading and most profitable Financial Services Group, has recorded a significant milestone in its growth and expansion journey with the successful admission of its Ordinary Shares to the Equity Shares (International Commercial Companies Secondary Listing) category of the Official List of the Financial Conduct Authority (FCA) and […]

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Kiakia at 10: A decade of trust, innovation, and impactful lending

NM Partners — Sat, 05 Jul 2025 07:44:54 +0000

Pioneer Nigerian fintech platform, Kiakia, celebrates its 10th anniversary, marking a decade of transformative credit services focused on financial inclusion, innovation, and responsible lending.

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Tantalizers announces partnership to revive DBN TV, reveals plans to promote African storytelling

Izuchukwu Okoye — Thu, 03 Jul 2025 11:13:04 +0000

Tantalizers Plc has announced that it signed a memorandum of understanding on June 25, 2025, to partner with Degue Broadcasting Network, owners of DBN Television.

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Ellah Lakes seeks shareholder approval to raise N250 billion capital, plans a loan conversion

Izuchukwu Okoye — Sat, 28 Jun 2025 15:35:53 +0000

Ellah Lakes Plc has revealed that it will seek shareholder approval to raise up to N250 billion through various equity issuance options, at an Extraordinary General Meeting (EGM) scheduled for July 25, 2025, in Lagos.

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Shell Nigeria Country Chair, Osagie Okunbor, retires after 39 Years, Marno de Jong takes over

Chike Olisah — Wed, 25 Jun 2025 15:04:30 +0000

The Managing Director of Shell Petroleum Development Company (SPDC) and Country Chair of Shell Companies in Nigeria, Mr Osagie Okunbor, is set to retire this month after 39 years of service with the energy giant.

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Access Bank acquires Standard Chartered Tanzania operations amid CBN’s regulatory forbearance restrictions on foreign deals

Israel Ojoko — Tue, 24 Jun 2025 11:40:26 +0000

Access Bank has announced the acquisition of Standard Chartered Tanzania’s Consumer, Private, and Business Banking division.

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IMG Nigeria to raise N6.5 billion via Rights Issue, approves dividend for shareholders

Izuchukwu Okoye — Mon, 23 Jun 2025 10:06:39 +0000

Industrial & Medical Gases Nigeria Plc (IMG) has received shareholder approval to raise N6.5 billion through a rights issue, as part of a broader plan to strengthen its capital base and scale up operations.

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Sovereign Trust Insurance names Abimbola Oguntunde as Board Chairman, highlights industry experience

Izuchukwu Okoye — Sun, 22 Jun 2025 10:52:26 +0000

Sovereign Trust Insurance Plc has announced the appointment of Mr. Abimbola Oguntunde as the new Chairman of its Board of Directors.

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Prestige Assurance names Umesh Mohan Rathod as new MD, announces other appointments

Izuchukwu Okoye — Wed, 18 Jun 2025 08:43:38 +0000

Prestige Assurance Plc has announced the appointment of Mr. Umesh Mohan Rathod as the company’s new Managing Director, effective June 17, 2025.

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Wilmar buys out PZ Cussons in $70M deal to fully own PZ Wilmar

Nnaemeka Onyekachi — Wed, 18 Jun 2025 08:29:57 +0000

PZ Cussons PLC and Wilmar International Limited (“Wilmar”) on Wednesday jointly announced that the two parties have agreed on definitive terms for Wilmar to purchase the 50% equity stake in PZ Wilmar Limited (“PZ Wilmar”) held by PZ Cussons plc, for cash consideration of $70 million.

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CAP Plc appoints Oladele Ajayi as Non-Executive Director

Izuchukwu Okoye — Mon, 16 Jun 2025 18:38:39 +0000

Chemical and Allied Products Plc (CAP Plc) has announced the appointment of Mr. Oladele Ajayi as Non-Executive Director of the company.

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Aliko Dangote retires as Chairman of Dangote Sugar Refinery after two decades, banking expert Arnold Ekpe takes over leadership

Israel Ojoko — Thu, 12 Jun 2025 09:03:07 +0000

Billionaire industrialist Aliko Dangote has officially retired as Chairman of the Board of Directors of Dangote Sugar Refinery Plc, ending a 20-year tenure that shaped the company’s growth and market leadership.

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Oando secures $375 million injection from Afreximbank and Mercuria, eyes 100,000 barrels per day

Izuchukwu Okoye — Thu, 05 Jun 2025 13:09:22 +0000

Oando Plc has announced that its upstream subsidiary, Oando Oil Limited, has successfully increased its reserve-based loan facility to $375 million following capital injection from Afreximbank and Mercuria.

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Sahara Power Group, Crescendough boost Nigeria’s Power Supply with 180MW Afam II Power Plant

NM Press — Wed, 04 Jun 2025 16:38:13 +0000

Africa’s largest private power business, Sahara Power Group (SPG), in partnership with Crescendough Nigeria Limited (CNL), has successfully commissioned the 180MW Afam II Power Plant in Rivers State, reinforcing the critical role of private-sector collaboration in driving sustainable energy solutions in Nigeria. Sahara Power Group, a subsidiary of global energy and infrastructure conglomerate, Sahara Group […]

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Northern Nigeria Flour Mills declares 25 kobo dividends, reveals payment criteria and date

Izuchukwu Okoye — Wed, 04 Jun 2025 13:38:39 +0000

Northern Nigerian Flour Mills Plc has announced a final dividend of 25 kobo for every share of 50 kobo, payable to qualified members.

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Drum maker Greif Nigeria settles obligations, plans final company meeting ahead of dissolution

Izuchukwu Okoye — Tue, 03 Jun 2025 10:20:51 +0000

Greif Nigeria Plc has announced that it has settled its tax obligations and other outstanding liabilities, a key requirement for completing the third and final stage of its delisting process on the exchange.

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Access Holdings appoints Akinyemi Odusolu as Independent Non-Executive Director

Israel Ojoko — Sat, 31 May 2025 11:32:38 +0000

Access Holdings Plc has announced the appointment of Mr. Akinyemi Odusolu as an Independent Non-Executive Director of its subsidiary, Access Bank Plc, effective May 2, 2025. The appointment, approved by the Central Bank of Nigeria (CBN), aligns with the bank’s vision of integrating advanced financial and technological expertise into its governance structure. A statement signed […]

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Fitch upgrades Fidelity Bank’s National Rating to ‘A+(nga)’, affirms long-term IDR at ‘B’

NM Partners — Fri, 30 May 2025 08:15:52 +0000

Global credit rating agency Fitch Ratings has affirmed Fidelity Bank Plc’s Long-Term Issuer Default Rating (IDR) at ‘B’ and upgraded its National Long-Term Rating to ‘A+(nga)’ from ‘A(nga)’. The upgrade, announced on May 29, 2025, reflects the bank’s strengthened capital buffers and improved profitability, signaling continued positive momentum in its performance. According to Fitch, the […]

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