rights issue
19 Sep
Nigerian Breweries Plc has announced the launch of its N599.1 billion Rights Issue, aimed at addressing overdue foreign exchange commitments and repositioning the company for improved performance. The brewing giant is offering 22.61 billion ordinary shares at N26.50 each to existing shareholders, allowing them to purchase 11 new shares for every five held as of…
14 Jun 2024
Wema Bank says it has successfully concluded the first tranche of its recapitalisation exercise having secured all relevant regulatory approvals for the allotment of its N40 billion rights issue. Its Managing Director, Mr Moruf Oseni, disclosed this in a statement made available on Friday in Lagos. Oseni said as a forward-thinking and pioneering bank, the…
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Security agencies have deployed their operatives to protect local government secretariats following a judgement of the Court of Appeal in Akure, capital of Ondo State over the dissolution of elected local government chairmen in Osun. There has been confusion in the state over the judgment by the Court of Appeal, Akure Division, which ruled in…
2 mins ago
Warren Gatland is set to leave his role as Wales head coach midway through the Six Nations after a record 14 consecutive international defeats, it was widely reported on Tuesday. Wales, who finished bottom of the Six Nations last year with five defeats, are on course for another embarrassing whitewash after a 22-15 loss in…
4 mins ago
African Union officials on Tuesday branded Sudan's civil war the "worst humanitarian crisis in the world" and warned it was leaving hundreds of thousands of children malnourished. The Sudanese army has been at war since April 2023 with the paramilitary Rapid Support Forces (RSF) in a conflict that has displaced around 12 million people, according…
4 mins ago
World super-G bronze medallist Lauren Macuga of the United States set the fastest time in the downhill section of the women's team combined at the World Ski Championships in Saalbach on Tuesday. But Lindsey Vonn's hopes of troubling the podium all but evaporated after she finished 2.51 seconds off Macuga's 1min 41.60sec pace down the…
9 mins ago
Justice Rahman Oshodi of a Lagos Special Offences Court, Ikeja has ordered forfeiture of 6.3 billion units of ordinary shares of Keystone Bank Limited, valued at N1.00 each, to the Federal Government of Nigeria. The judge ordered after Sigma Golf Nigeria Limited, represented by its Chairman, Umaru Hamidu Modibbo, pleaded guilty to the fraudulent conversion…
9 mins ago
Bangladesh's powerful BNP political party has spoken out publicly for the first time against the interim government after a surge of unrest and a sweeping security crackdown. Police have arrested more than 1,500 people nationwide since Saturday as part of "Operation Devil Hunt", targeting groups allegedly connected to ousted premier Sheikh Hasina, who was toppled…
15 mins ago
Fighting erupted Tuesday in eastern Democratic Republic of Congo after a two-day lull, with Rwanda-backed M23 fighters attacking positions of the Congolese armed forces in South Kivu province at dawn, local and security sources told AFP. East and southern African leaders at a summit on Saturday called for an "immediate and unconditional" ceasefire within five…
17 mins ago
The University of Lagos Muslim Alumni (UMA) has announced plans for its 30th Pre-Ramadan Lecture, scheduled to hold on Sunday, February 23, 2025, at the J.F. Ajayi Auditorium, University of Lagos. Speaking at a press briefing on Tuesday, February 11, at the UNILAG Mosque Conference Center, the National President of UMA, Dr. Mumini Alao, said…
18 mins ago
United States (US) President Donald Trump has signed an executive order Monday evening to stop the enforcement of the Foreign Corrupt Practices Act (FCPA), a federal law that prohibits U.S. businesses from bribing foreign officials. The Foreign Corrupt Practices Act was enacted in 1977 and makes it illegal for companies that operate in the United…
18 mins ago
The Exam Ethics Marshalls International has raised the alarm that 67 per cent of private and public secondary schools in Nigeria operate as exam magic centres, popularly known as 'miracle centres'. This is even as it encouraged parents to play a key role in enforcing the government's ban on levies in public schools by refusing…