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Stanbic IBTC Holdings Plc Seeks to Raise N550 Billion to Meet CBN’s Requirements
In its recent report, Stanbic IBTC Holdings Plc announced that the firm plans to raise over N550 billion through a debt issuance program and a rights issue.The bank, in a notice filed with the Nigeria...
MRS Oil Plc Plans to take a bow as it moves to delisting from NGX
MRS Oil Plc has announced that it will seek shareholders' permission to remove itself from the Nigerian Exchange Limited.The company filed a notice to the NGX after Tuesday's extraordinary general mee...
CBN Sells Dollars to BDC in a Bid to Strengthen the Naira
The Central Bank of Nigeria (CBN) announced it has started selling $10,000 to Bureau De Change (BDC) operators, offering them direct access to US dollars at a discounted rate of N1,021 per dollar.This...
Berger Paints Nigeria Plc Seeks Shareholders Approval for a Dividend of 80 Kobo per Share
Berger Paints Nigeria Plc, a big producer of coated paints and related goods, has requested that its shareholders approve a dividend of 80 kobo per share in its upcoming 64th Annual General Meeting (A...
Dangote Refinery Reduces Diesel and Aviation Fuel Again
On Tuesday, the Dangote refinery announced that aviation fuel and diesel prices would now sell for N980 and N940 per litre, respectively.This follows the company's announcement last week that it would...