FCMB Group Opens ₦160bn Public Offer To Retain International Licence
FCMB Group Opens ₦160bn Public Offer To Retain International Licence FCMB Group Plc has launched a ₦160 billion public share sale to strengthen its banking subsidiary and meet the Central Bank of Nigeria’s new ₦500 billion minimum capital requirement for international banks. The offering of 16 billion shares at ₦10 each runs until November 6, 2025. Proceeds will be used to recapitalise First City Monument Bank Limited and help the lender retain its international licence. The raise follows a ₦147.5 billion share sale in 2024, the first in 16…
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Dangote Refinery Commends Tinubu, Security Chiefs, Ministers for Averting PENGASSAN Disruption
Dangote Refinery Commends Tinubu, Security Chiefs, Ministers for Averting PENGASSAN Disruption *…Reaffirms Commitment to Nigeria’s Progress, Workers’ Welfare* Dangote Petroleum Refinery has expressed profound appreciation to President Bola Ahmed Tinubu for his timely intervention in averting what it described as “the disruptive actions of PENGASSAN” against the company. The company in a statement said the President’s leadership, through his ministers and senior government officials, ensured the restoration of order and stability to the en…
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Stanbic IBTC Holdings PLC Reports Remarkable Financial Growth for H1 2025
Stanbic IBTC Holdings PLC Reports Remarkable Financial Growth for H1 2025 Overview of Financial Performance As of June 30, 2025, Stanbic IBTC Holdings PLC showcased remarkable financial resilience and growth, despite operating within a highly competitive and regulated Nigerian financial services sector. The company’s interim financial statements highlight a strong upward trajectory across various key metrics, emphasizing the success of its strategic initiatives and operational efficiencies. Robust Balance Sheet Growth Stanbic IBTC rep…
Public Offer Drive: Investors Compete for Sterling Holdco Shares
Public Offer Drive: Investors Compete for Sterling Holdco Shares Lagos, Nigeria: Sterling Financial Holdings Company Plc. (‘Sterling Holdco’), the parent company of The Alternative Bank, Sterling Bank, SterlingFI, and a number of other novel business solutions, has witnessed a very positive response to its public offer, as investors rally for a stake in the company’s future. The public offer, launched on September 17, 2025, has quickly become one of the most talked-about opportunities in the Nigerian financial market, with analysts predict…
NESCAFÉ Samples 65,000 Cups Nationwide to Celebrate Global Coffee and Nigeria’s Independence Day
NESCAFÉ Samples 65,000 Cups Nationwide to Celebrate Global Coffee and Nigeria’s Independence Day In commemoration of International Coffee Day and Nigeria’s 65th Independence Anniversary, NESCAFÉ executed a large-scale activation, serving 65,000 cups of coffee to consumers nationwide to mark the dual occasion. The initiative spanned 25 cities, including Lagos, Abuja, Kano, Port Harcourt, Ibadan, Enugu, Jos, Nasarawa, Minna, Kaduna, Bauchi, Owerri, Onitsha, Abeokuta, Ilorin, Calabar, Uyo, Lokoja, Lafia, Osogbo, Ado Ekiti, Maiduguri, Yola, Benin,…
The Alternative Bank, Kanu Heart Foundation Unite to Save 600 Hearts
The Alternative Bank, Kanu Heart Foundation Unite to Save 600 Hearts Photo 4 L-R: Korede Demola-Adeniyi, Executive Director, The Alternative Bank (AltBank); Kanu Nwankwo, founder and Chairman, Kanu Heart Foundation (KHF); Dr. Jekwu Ozoemene, Group Executive, AltBank; Olawale Azeez, Regional Business Executive, AltBank, and Mannie Udoh, Lead, Marketing and Sponsorship, KHF, during the 5km walk organised by the KHF in partnership with AltBank to commemorate the 2025 World Heart Day in Lagos... recently. Photo 3 L-R: Zubbi Collins, Partner a…
Governor Soludo Mourns Tragic Loss of ARISE TV Anchor, Somtochukwu Christelle Maduagwu
Governor Soludo Mourns Tragic Loss of ARISE TV Anchor, Somtochukwu Christelle Maduagwu The Governor of Anambra State, Professor Chukwuma Charles Soludo, has expressed profound sadness and a deep sense of loss over the heartbreaking news of the tragic death of Miss Somtochukwu Christelle Maduagwu, a distinguished daughter of Anambra State, who was brutally killed during an armed robbery attack at her residence in the Katampe area of Abuja in the early hours of Monday, September 29, 2025. In his condolence message, Governor Soludo eulogised Miss…
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