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FCMB Group considering debt-to-equity swap to meet CBN's forbearance conditions

Nigeria, June 19 -- FCMB Group will explore a debt-to-equity swap among the mix of options at its disposal to satisfy an order from the Central Bank of Nigeria (CBN) demanding that lenders that enjoye... Read More


Zenith Bank moves to avert CBN's sanction ahead of regulatory forbearance deadline

Nigeria, June 18 -- Zenith Bank said it is making last-ditch efforts to meet the subsequent conditions for a temporary relief the Central Bank of Nigeria (CBN) granted to lenders in 2020, allowing the... Read More


PREMIUM TIMES' Employability Summit seeks way out of youth unemployment in Nigeria

Nigeria, June 18 -- The Employability Summit, a high-level dialogue that seeks to address employment challenges in Nigeria, will take on youth unemployment at its inaugural edition to be hosted by PRE... Read More


Ecobank, Cornerstone Insurance, Access Holdings top stock pick this week

Nigeria, June 16 -- Nigerian stocks added 0.7 per cent last week, with only three trading sessions observed on account of public holidays on Monday and Thursday. Buyers' interest in consumer goods an... Read More


Related parties sell 2.8 million shares in VFD Group

Nigeria, June 14 -- Related parties in investment company VFD Group offloaded 2.8 million shares on 11 June, according to regulatory filings at the Nigerian Exchange Limited (NGX). Processus Capital ... Read More


United Capital expands into eight Francophone West African countries

Nigeria, June 14 -- United Capital Plc has launched a new subsidiary in Abidjan named United Capital Asset Management West Africa Limited (UCAMWAL), the financial services group announced in a regulat... Read More


MultiChoice returns to profitability as foreign exchange losses drop

Nigeria, June 12 -- South Africa's cable television operator MultiChoice Group plotted its path back to profitability in the year ended 31 March 2025 after cutting back the foreign exchange translatio... Read More


UBA's non-executive director acquires new shares

Nigeria, June 12 -- According to a regulatory filing at the Nigerian Exchange, an independent non-executive director of United Bank for Africa (UBA), Henrietta Ugboh, has acquired 49,700 new shares in... Read More


Sovereign Trust Insurance, UBA, NPF Microfinance Bank top stock picks this week

Nigeria, June 10 -- Last week, Nigerian stocks advanced by 2.6 per cent, driven by increased demand for bank and insurance equities. The main equity index has returned 11.4 per cent so far this year, ... Read More


Airtel Africa buys back 1.9 million shares

Nigeria, June 10 -- Airtel Africa has repurchased a total of 1.9 million shares since it launched the second phase of its $100 million share buyback programme last month, according to regulatory filin... Read More