By Ayomide Otitoju Seplat Energy Plc has announced the launch of a $650 million senior note offering due in 2030, according to a statement filed at the Nigerian Stock Exchange (NSE) on Tuesday. The net proceeds from the offering will be used to repurchase the company’s outstanding 7.750% Senior Notes due 2026, as well as…
By Ayomide Otitoju Airtel Africa has repurchased 66,089 units of its ordinary shares at N143.70 per share, as part of its ongoing share buy-back program. The telecom giant disclosed the transaction, executed on Monday, March 10, in a statement on Tuesday, confirming the shares were acquired through Barclays Capital Securities Limited. The buy-back, authorized by…
By Ayomide Otitoju The Group Managing Director and Chief Executive Officer of Zenith Bank PLC, Dr. Adore Umoji, has joined the global community in celebrating women on this year’s International Women’s Day (IWD). Recognizing the invaluable contributions of women to society and the organization, he reaffirmed the bank’s commitment to fostering gender equality and empowerment….
By Ayomide Otitoju Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has reaffirmed its commitment to helping Nigerians secure their financial futures and build lasting legacies through its Private Banking services. With a focus on personalized financial solutions, portfolio management, investment strategies, and estate planning, the bank provides clients with tools to navigate complex…
By Ayomide Otitoju FirstBank has introduced a dollar-denominated money market fund exclusively for members of the FirstBank Women Network, reinforcing its commitment to gender equity and financial empowerment. The initiative was announced by FirstBank Group Chief Executive Officer, Olusegun Alebiosu, during the bank’s International Women’s Day event in Lagos. Represented by Executive Director of Retail…
By Ayomide Otitoju The Nigerian National Petroleum Company (NNPC) Limited has dismissed reports suggesting that it unilaterally terminated its crude oil supply agreement with Dangote Refinery. In a statement issued by its Chief Corporate Communications Officer, Olufemi Soneye, NNPC clarified that the crude supply contract was structured as a six-month agreement, subject to availability. The…
By Ayomide Otitoju The Eko Electricity Distribution Company (EKEDC) has attributed the ongoing poor power supply in Lagos to a fault on the 330kV transmission lines supplying electricity to the region. In a statement issued on Monday, EKEDC explained that reduced power allocation from the Transmission Company of Nigeria (TCN) has necessitated load-shedding across its…
By Ayomide Otitoju In a major boost for Nigeria’s gas sector, NNPC Gas Marketing Ltd (NGML), a subsidiary of the Nigerian National Petroleum Company Ltd (NNPC), and its joint venture partner, NIPCO Gas Ltd, have signed a Gas Sale and Purchase Agreement (GSPA) with Ssonic Petroleum Ltd. The deal will facilitate the supply of natural…
By Ayomide Otitoju Following the success of its inaugural edition, the +234 Art Fair is set to return for a second edition from March 27 to March 31, 2025, at the Ecobank Pan African Center (EPAC), Victoria Island, Lagos. Organized by Soto Gallery Foundation in partnership with Ecobank Nigeria Limited, Africa Finance Corporation (AFC), and…
