MTN Nigeria Falls below N4trn after N888bn FX Loss Telecommunications giant, MTN Nigeria Plc’s, market…

Dangote Sugar Refinery Plc has successfully raised N42.78 billion from the local debt capital market via commercial paper sales to pension and non-pension asset managers.

Fitch Ratings has confirmed Wema Bank PLC’s Long-Term Issuer Default Rating (IDR) of ‘B-‘ and its Viability Rating (VR) of ‘b-‘. Fitch has also confirmed Wema’s National Long-Term Rating as ‘BBB’ (nga) with a stable outlook.

MultiChoice Nigeria says it will appeal Friday’s ruling of the Competition and Consumer Protection Tribunal in Abuja, which awarded a N150 million fine against it for challenging the court’s jurisdiction.

Pharmaceutical company, May & Baker Nigeria Plc (M&B), shareholders have approved a total dividend pay-out of N517.57 million for the financial year ended 2023. The amount translates to a dividend of 30k for every 50k share held in the company, representing a total of dividend of N571.57 million, subject to applicable tax.

Fitch Ratings said it has again kept First City Monument Bank’s (FCMB) credit rating under rating watch negative