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NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

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Dangote Sugar raises N485.9bn after rights issue attracts excess demand

DANGOTE Sugar Refinery Plc has raised N485.88 billion through its recently concluded rights issue after shareholders subscribed for more shares than the company had initially offered. In a disclosure to the Nigerian Exchange dated August 13, 2026, the company said the offer was 102.6 percent subscribed, although the final allotment was capped at 100 percent […]

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Jan 11, 2026 post

Eterna Plc begins N21.52bn rights issue to drive expansion, strengthen balance sheet

ETERNA Plc, one of Nigeria’s leading integrated energy companies, has announced the official opening of its rights issue, marking a major milestone in its capital raising programme and growth strategy. The rights issue comprises 978,108,485 ordinary shares of 50 kobo each, offered at N22.00 per share, is expected to raise approximately N21.52 billion. The capital […]