January 31, 2025/Cordros Report FBN Holdings Plc (FBNH) released their 2024FY unaudited financial statements after the close of business yesterday, recording a 137.4% y/y increase in earnings per share to NGN20.40 (2023FY: NGN8.59). We attribute this to the broad-based growth across both core (+158.4% y/y) and non-core (+43.2% y/y) income […]
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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 […]
Over N2.4 Billion Disbursed for 2023 FG Projects, Yet No Contractor on Site
January 30, 2025/BudgIT Tracka, BudgIT’s service delivery promotion platform, which allows citizens to collaborate, track and give feedback on public projects in their communities, has uncovered payments worth N2.4 billion to seventeen contractors for fifteen projects across nine states—yet no contractor has commenced work on these sites. Some of these […]
