Business - Page 447

Transcorp Shareholders Lose N30.89 billion To Femi Otedola’s Exit

Femi Otedola’s exit from Transnational Corporation (Transcorp) has cost the company’s shareholders -24.35 per cent of their investments. After reports circulated on Friday, 28 April, that Otedola is no longer a shareholder

Fakoyejo Olalekan

May 12, 2023

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Traders Pay More For Forex As Dollar Rate Rises In Official, Black Markets

The Dollar was sold at N462.73 kobo on the official foreign exchange market and N745/$1 in the black market on Thursday, 11 May. Traders saw the Naira they exchanged for the Dollar

Fakoyejo Olalekan

May 12, 2023

Business·Oil & Gas

Seplat Accuses Petitioners Of Trying To Prevent Board From Eliminating Related Party Transactions

Seplat Energy has accused the persons behind several lawsuits against the firm of trying to stop the oil and gas firm from eliminating related party transactions. The board of Seplat had said

Fakoyejo Olalekan

May 12, 2023

$471 million Lost To Nigeria’s Naira Devaluation – Airtel Africa Reveals

Business·Markets·Tech News

Mobile Money, Voice, Data Drive Airtel Africa To Double-digit Revenue Growth

The financial year ending March 31, 2023 gave Airtel Africa Plc double-digit revenue growth and resilient margin, with its revenue in constant currency growing by as much as 17.6%, and 11.5% to

Editor

May 12, 2023

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business·Markets

Stock Market Cap Shrinks To N28.40 trillion, Ardova, MRS Report Gains

Over N26.03 billion was lost on Thursday, 11 May, following -0.09 per cent decline in the stock market capitalisation, which contracted to N28.40 trillion, from N28.42 trillion posted on Wednesday, 10 May.

Fakoyejo Olalekan

May 11, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Naira Falls To Dollar, As Exchange Rate Hits N463.02/$1

The official market ended foreign exchange (forex) trading on Wednesday, 10 May, at N463.02/$1, as the Dollar rate increased by N0.77 kobo. This contrasted with the N462.25 kobo/$1 foreign exchange rate FMDQ Exchange

Fakoyejo Olalekan

May 11, 2023

Business

Like Elumelu, Wigwe, Ebenezer Onyeagwu Acquires More Shares In Zenith Bank

The Group Managing Director and Chief Executive Officer of Zenith Bank, Ebenezer Onyeagwu, has acquired 8 million shares in the company. He parted with N191.80 million to acquire the shares, which increased

Fakoyejo Olalekan

May 11, 2023

AMA News·Business·Sports

Bybit Revs Up Its Sponsorship Game: Backing Safehouse Racegraph in Lamborghini Super Trofeo Asia

DUBAI, United Arab Emirates, 11 May 2023 -/African Media Agency(AMA)/- Bybit, the world’s third most visited crypto exchange, is proud to announce its official sponsorship of the Safehouse Racegraph Lamborghini team for Super

Prime Business Africa

May 11, 2023

Business

Minority Shareholders Reject Union Bank, Oando Acquisition Arrangement

The President of the New Dimension Shareholders Association, Patrick Ajudua, has spoken against the proposed offer tendered by Titan Trust Bank Limited and Ocean and Oil Development Partners Limited (OODP) to buy

Fakoyejo Olalekan

May 11, 2023

AMA News·Business

Superapp ayoba surpasses 25m monthly active users

CAPE TOWN, South Africa, 11 May 2023 -/African Media Agency(AMA)/- Africa’s super app ayoba today announced the achievement of a significant milestone – surpassing the 25 million monthly active users’ mark as we celebrate

Prime Business Africa

May 11, 2023

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Business - Page 447

Transcorp Shareholders Lose N30.89 billion To Femi Otedola’s Exit

Traders Pay More For Forex As Dollar Rate Rises In Official, Black Markets

Seplat Accuses Petitioners Of Trying To Prevent Board From Eliminating Related Party Transactions

Mobile Money, Voice, Data Drive Airtel Africa To Double-digit Revenue Growth

Stock Market Cap Shrinks To N28.40 trillion, Ardova, MRS Report Gains

Naira Falls To Dollar, As Exchange Rate Hits N463.02/$1

Like Elumelu, Wigwe, Ebenezer Onyeagwu Acquires More Shares In Zenith Bank

Bybit Revs Up Its Sponsorship Game: Backing Safehouse Racegraph in Lamborghini Super Trofeo Asia

Minority Shareholders Reject Union Bank, Oando Acquisition Arrangement

Superapp ayoba surpasses 25m monthly active users

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