The Nigerian equities market closed the week higher as investors responded positively to a slew of corporate earnings results and dividend declarations. Precisely, gains in NESTLE (+11.4%), STANBIC (+8.2%) and NB (+15.5%) drove the All-Share Index (ASI) higher by 0.9% w/w. January 31, 2025/Cordros Report Global In line with market […]
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United Capital Weekly Pan African Monitor Friday 31-January-2025
January 31, 2025/United Capital Anglophone West Africa (WAEMU) Nigeria Insurance sector assets hit N3.88tn in Q3 – NAICOM According to the National Insurance Commission (NAICOM), total assets in the insurance sector expanded by 5.15% to N3.88tn at the end of Q3-2024 compared to N3.69tn reported in the previous quarter. In […]
Wema Bank Seek Additional N200Bn Via Rights Issue, Special Placement
January 30, 2025/Wema Bank Plc Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has announced that it will be completing its capital raise through a combination of a Rights issue and Special placement exercise set to go live on April 1, 2025, with […]
