alpha10 - Alpha10 Group

29 Jan

A new horizon for pension as ARM Pensions and Access Holdings agree to a merger

January 29, 2024
Posted by alpha10
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In a groundbreaking move set to redefine the landscape of the pension industry, Access Holdings has successfully acquired a controlling stake in ARM Pensions, creating a formidable alliance that promises substantial benefits...

29 Jan

Market insights

NNPC borrows $1.036 billion to acquire 20% stake in Dangote Refinery

January 29, 2024
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The Nigerian National Petroleum Company (NNPC) Ltd has acquired a 20% stake in Dangote refinery for $2.76 billion through a $1.036 funding from Lekki Refinery Funding Limited of which $1 billion was...

29 Jan

News

CNG buses intervention to slash transport fare by over 50% – Mohammed Idris

January 29, 2024
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The Minister of Information and National Orientation, Mohammed Idris, has announced that the Presidential Initiative to deploy Compressed Natural Gas (CNG) mass transit buses is anticipated to lead to a reduction of...

23 Jan

News

Looted funds and Nigeria’s public accountability gaps

January 29, 2024
Posted by alpha10
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Nigeria grapples with economic distress, desperately needing funds for obligations, yet ironically experiencing a windfall. Notably, $332.4 million from Abacha loots and €6,324,627 recovered globally, according to former Justice Minister Abubakar Malami.

23 Jan

News

Wema Bank’s Rights Issue and Share Price Rally: Rewarding Investor Confidence

January 29, 2024
Posted by alpha10
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In December 2023, Wema Bank started a substantial rights issue, offering 8,572,103,573 ordinary shares at N4.66 per share, based on a two-for-three ratio for existing shareholders as of September 28, 2023.

23 Jan

Market insights

FMDQ Exchange Admits Chapel Hill Denham Series 9 Nigeria Infrastructure Debt Fund on its Platform

January 29, 2024
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FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”), a wholly owned subsidiary of FMDQ Group PLC (“FMDQ Group”), is Nigeria’s premier securities exchange, committed to providing a world-class platform for the...