…family holding company. Leonardo Maria said he would present his proposal to the other shareholders on November 7, as the battle for control of one of Europe's most powerful family business empires intensifies

AXA Mansard Insurance Plc plans to open shares left untaken by existing shareholders under its proposed N18.3bn rights issue to other interested investors, creating an additional route for the insurer to complete its planned capital raise. The company secured shareholders’ approval for the fundraising at its 34th Annua…

…Those shares later collapsed to under N3, and by 2011 the bank’s licence was revoked. Shareholders lost everything. No one was jailed. No restitution followed. Then came 2008. Equity market capitalisation fell from N12.13 trillion in March 2008 to N4.48 trillion by March 2009, a decline of 61.34 per cent. The All-Share…

…has now made it impossible for any Nigerian bank to invest more than 10 percent of its Shareholders’ Fund in offshore subsidiaries. Akinwunmi said the regulation had been there before the current CBN administration but was not implemented diligently. The post We inherited net external reserve at $859m — CBN appeared fi…

NASD Plc is repositioning its business beyond traditional securities trading as it seeks to convert a sharp expansion in market activity into stronger earnings and sustainable long-term value for shareholders. The post NASD eyes new revenue streams as trading surges 371 percent appeared first on Tribune Online.

…Nigerian Exchange Limited (NGX), also proposed a N2.50 dividend per share, subject to shareholders’ approval at its Annual General Meeting scheduled for October 28, 2026. Revenue increased by 22 percent to N260.46 billion, compared with N212.63 billion recorded in the corresponding period of 2025, reflecting improved s…

…The Hangzhou-based firm has been ploughing tens of billions of dollars into AI, with its shareholders eager to see how it will monetise the huge investments. “The Equity Placement is being undertaken to extend the Company’s global AI leadership,” Alibaba said in a statement. The company intends to use all of the net pr…

…dispute should not be allowed to spill over into the company’s wider affairs or affect shareholders. “Confidence, once shaken, is expensive to rebuild. I would rather act early than watch that happen,” he said. Yari consequently assured bondholders, shareholders, employees, partners and other stakeholders that the comp…

…Nigeria’s significant progress in deleveraging and rebuilding its balance sheet. Shareholders’ equity increased from N43.3 billion to N64.2 billion, while net debt declined substantially from approximately N37 billion to about N19 billion. Speaking during the call, Sharma said the company’s progress reflected a deliber…

…continue to take all necessary measures to protect the interests of bondholders and shareholders. The company also disclosed that it was working constructively with relevant parties to resolve legacy administrative matters that predated the current board, stressing that the process would not affect its capacity to meet…

…every interaction should build trust, simplify processes, and create lasting value for shareholders, issuers, and the wider capital market ecosystem. We are honoured by these awards and remain committed to setting higher standards of excellence in the industry,” he added. Over the years, the subsidiary of Coronation Gr…

…capital structure, cash flows and the ability of the businesses to deleverage. “Negative shareholders’ equity is a red flag, although the circumstances differ from company to company. Investors should examine whether the negative position is temporary, whether there is a credible recapitalisation or restructuring plan,…

Nigerians may soon have the opportunity to become shareholders in Dangote Petroleum Refinery as the Securities and Exchange Commission (SEC) has received an application for a potential $5 billion initial public offering (IPO) by the multibillion-dollar refinery. The post SEC receives $5bn Dangote Refinery IPO applicati…

…should beneficiaries know?Families seeking to recover investments belonging to deceased shareholders will generally need to establish their legal entitlement through the appropriate estate and probate process, obtain relevant documentation and engage the appropriate registrars or capital market institutions.SEC announc…

…in 2Q25. Investor return metrics also strengthened, with net income attributable to shareholders reaching US$212.6 million and net income per ADS rising to US$1.1880, up from US$78.6 million and US$0.4283 respectively in the year ago quarter. Embraer reported US$120.8 million in investments during 2Q26 (US$97.5 million…

…trusted and innovative life insurance companies. It demonstrates the confidence of our shareholders, the resilience of our business, and our readiness to support the future of insurance in Nigeria,” he said. He added that the priority now shifts to translating that financial strength into products and services customer…

United Capital Plc has rewarded shareholders with more than 2,500 percent growth in wealth over the past eight years, as the financial services group continues to strengthen its earnings, dividend capacity and business operations following a major transformation since 2018. The company’s shares, which traded at about N…

Shareholders of Fidson Healthcare Plc have approved a dividend of ₦1.50 per 50 kobo ordinary share, translating to a total payout of ₦3.6 billion, following a record financial performance that saw the company become the first pharmaceutical manufacturer in Nigeria to exceed ₦100 billion in annual revenue. In a press re…

…tax climbed to ₦694.54bn, from ₦351.66bn in the corresponding period of 2025, while shareholders’ funds increased to ₦957.57bn from ₦588.44bn at the end of December 2025. The company generated ₦1.55tn in operating cash flows during the period and said it had sufficient resources to meet its financial obligati…

…that Dangote Cement remained the sector's largest earner, with profit attributable to shareholders rising 24.3% to N640.2 billion, up from N520.5 billion in the same period of 2025. PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!Revenue grew 21.4% to N2.51 trillion, profit before tax c…

…increased 13.7 per cent to N1.61tn. Total assets expanded 19.3 per cent to N4.67tn, and shareholders’ funds rose by nearly 28 per cent, supported by the successful completion of the group’s rights issue.

…was captured in different books, because one arm paid on behalf of government shareholders while another reflected it separately. The defining moment came when Dankwambo asked Wunti directly whether he had seen any evidence of N210 trillion missing. Wunti’s response was unequivocal: “I have gone through this document p…

…that despite a recent return to profitability, it remains legally unable to reward its shareholders due to the massive negative retained earnings sitting on its balance sheet from the 2025 financial year. \To remedy the situation, International Breweries plans to deploy a portion of its Share Premium Account to absorb…

…all our markets to sustain UBA’s momentum and continue delivering long-term value to our shareholders, customers and stakeholders,” he said. According to the bank, Nnorom is a chartered accountant with more than 40 years of experience in banking, finance and auditing. He has served as a non-executive director of UBA an…

…management, visionary directors, loyal customers, supportive regulators, committed shareholders, and partners who believed in our shared purpose." He further welcomed his successor, Nnorom, to lead the bank, stressing that he believed in his experience, leadership, and deep understanding of the bank, while urging share…