...Cements capital raise with full regulatory approval Sterling Financial Holdings Company PLC has achieved another milestone with the approval of the Central Bank of Nigeria (CBN) recognising an additional ₦75 billion in its capital raise. This approval represents the final leg of the capital injection that was achieved through a private placement in September 2024. Building on the private placement’s success, Sterling launched a Rights Issue in October 2024, structured to provide existing shareholders the exclusive opportunity to deepen their stakes in the company and share in its growth story. The Rights Issue received significant interest and participation, highlighting the confidence and trust the company has cultivated among its shareholders over the years. Regulatory approval for the process is currently underway, marking another significant step in the recapitalisation journey. The public is eagerly awaiting Sterling’s Public Offer, which will present an exciting opportunity for individuals to invest in the company. It is anticipated that the recapitalisation process will be completed with a Public Offer early next year, allowing wider participation from the public and further strengthening its commitment to shared value creation. Group Chief Executive, Yemi Odubiyi, in a statement, described the capital injection and the approval as a validation of the company’s strategic direction and operational excellence. “This milestone reflects the confidence of regulators and stakeholders in our vision to redefine financial services in Nigeria and beyond. Our enhanced capital base empowers us to pursue transformative opportunities, deliver sustainable value to all stakeholders and drive impact across critical sectors of the Nigerian economy,” he stated. Odubiyi emphasised the company’s evolution from its origins as a merchant bank to its current status as a diversified financial holdings company. Powered by cutting-edge technology and a flexible operational model, the company has consistently demonstrated its ability to navigate market difficulties and seize growth opportunities. Reflecting on Sterling’s accomplishments, Odubiyi acknowledged the instrumental role of stakeholders, including regulators, investors, and customers. “We are grateful for the unwavering support and trust in our strategy, which has been pivotal to our journey. This recapitalisation strengthens our ability to unlock new opportunities, create value, and drive economic growth,” he added. The capital boost follows a year marked by robust financial performance and significant strategic achievements for Sterling. As at the last week in December 2024, Sterling witnessed a 19% surge in stock price, contributing to a remarkable three-year growth of 287.42%. In the first half of 2024, the company recorded a 51% increase in profit before tax compared to the same period in 2023 and achieved a 20% growth in total assets. These results demonstrate Sterling’s resilience and ability to deliver superior outcomes despite the complexities of Nigeria’s economic landscape, marked by high inflation and currency volatility. As Sterling looks ahead, its focus remains firmly on innovation, sustainability, and value creation. With a fortified capital structure, the company is well-positioned to execute its ambitious growth plans, deepen its impact across critical sectors, and set new benchmarks for excellence in Nigeria’s financial services industry. This latest milestone marks a transformative chapter for Sterling Financial Holdings Company PLC as it continues to redefine the future of financial services in Nigeria and beyond.The perceived "yellow light" from Turkey has led many to question what this might signal for the future of the conflict. Has Turkey's focus shifted to other regional priorities, such as its ongoing tensions with Kurdish groups in Syria, or is it calculating a new strategy to leverage the Syrian opposition for its own interests? The lack of clarity from Turkish officials only adds fuel to the fire of speculation.
NEWCASTLE’S fine form came to a screeching halt as West Ham pulled one out of the bag to potentially save Julen Lopetegui’s job. Eddie Howe’s side could have climbed into the top six with a win over the struggling Hammers. But Tomas Soucek and Aaron Wan-Bissaka came up trumps to stun the Toon and earn a huge win for their under-pressure boss to lift them six points from safety. Toon started fast and Isak had the ball in the net after peeling off the last man and dinking it over Lukasz Fabianski only for an offside flag to ruin the party. But the Hammers knocked the stuffing right out of them in the tenth minute. Soucek was given the freedom of St. James’ as he escaped Lloyd Kelly, in for the suspended Dan Burn, and headed home Emerson Palmieri’s outswinging corner. This was not part of the script, but it was just the start Spaniard Lopetegui had dreamed about. And he was kicking every ball in his technical area throughout an animated first half performance that led to him being booked for dissent by referee Craig Pawson. That was his third caution of the campaign and he’ll now have to serve a touchline ban and miss Arsenal’s visit on Saturday. Not that he cared one jot at the time as he continued to bark orders at his side while Toon could only muster a curling effort from Joe Willock that went wide. FOOTBALL FREE BETS AND SIGN UP DEALS It was all feeling rather flat from those in Black and White and it could have gotten even worse as the visitors nearly doubled their advantage when Carlos Soler, replacing Guido Rodriguez, shot round the post. Despite needing a new passport following his drama in the international break returning from Ghana, the tireless Michail Antonio was left requiring a shirt here. After what seemed like his 100th tussle with the defence, he emerged with a huge rip right down the middle of his jersey, and he revelled in the minute or so it took for him to change it while the game was stopped. Longstaff headed straight at Fabianski while Lewis Hall’s drive and shot got the locals back off their seats. But both Anthony Gordon and Isak blew chances to go in level at the break. The England winger capitalised on Jean-Clair Todibo’s poor clearance inside the area. However, his strike was saved by the leg of the Hammers goalie before the striker’s had an effort deflected wide. Harvey Barnes came on for Willock at the break and teed up Gordon to drag an effort off target. But any momentum was soon cut-short as West Ham doubled their lead eight minutes after the restart. Lucas Paqueta won the ball back and Jarrod Bowen broke and found Wan-Bissaka on the underlap, and the ex-Manchester United full-back took a touch before firing across goal and into the far corner. Pope then saved from Bowen as things threatened to get worse before Sandro Tonali and Jacob Murphy came on along with Callum Wilson, making his first appearance of the season after injury. But even that trio could not conjure up some magic for the Magpies, despite the returning forward being convinced he should have had a penalty when bundled over by Konstantinos Mavropanos. That leaves them sat in tenth, while Lopetegui lives to fight another day at West Ham.
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When the suspect was apprehended, he was found to be in possession of a ghost gun – a firearm that is untraceable and often used by criminals to evade detection. Additionally, he was carrying hand-written documents that appeared to be a manifesto of sorts, detailing his grievances and perceived injustices. The content of these documents has not been made public, but sources close to the investigation claim that they contain ramblings about government corruption, corporate greed, and a desire for revenge.KVHI stock touches 52-week high at $5.49 amid growthAdvisors Asset Management Inc. decreased its holdings in Las Vegas Sands Corp. ( NYSE:LVS – Free Report ) by 20.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,223 shares of the casino operator’s stock after selling 845 shares during the quarter. Advisors Asset Management Inc.’s holdings in Las Vegas Sands were worth $162,000 as of its most recent SEC filing. Other hedge funds and other institutional investors have also made changes to their positions in the company. Tidal Investments LLC increased its holdings in Las Vegas Sands by 19.0% during the 1st quarter. Tidal Investments LLC now owns 17,103 shares of the casino operator’s stock worth $884,000 after purchasing an additional 2,736 shares during the period. Comerica Bank increased its stake in shares of Las Vegas Sands by 1.6% during the first quarter. Comerica Bank now owns 61,758 shares of the casino operator’s stock worth $3,193,000 after buying an additional 959 shares during the period. Cetera Investment Advisers increased its stake in shares of Las Vegas Sands by 148.3% during the first quarter. Cetera Investment Advisers now owns 32,443 shares of the casino operator’s stock worth $1,677,000 after buying an additional 19,376 shares during the period. Cetera Advisors LLC acquired a new stake in Las Vegas Sands in the first quarter valued at approximately $364,000. Finally, DekaBank Deutsche Girozentrale lifted its stake in Las Vegas Sands by 2.5% in the first quarter. DekaBank Deutsche Girozentrale now owns 221,786 shares of the casino operator’s stock worth $11,332,000 after acquiring an additional 5,359 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock. Insider Activity In other news, CEO Robert G. Goldstein sold 119,221 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $53.73, for a total value of $6,405,744.33. Following the transaction, the chief executive officer now owns 84,511 shares of the company’s stock, valued at approximately $4,540,776.03. The trade was a 58.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Corporate insiders own 0.91% of the company’s stock. Las Vegas Sands Trading Up 3.3 % Las Vegas Sands ( NYSE:LVS – Get Free Report ) last announced its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same period in the previous year, the firm earned $0.55 earnings per share. The business’s revenue was down 4.0% compared to the same quarter last year. On average, research analysts predict that Las Vegas Sands Corp. will post 2.33 EPS for the current year. Las Vegas Sands Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were issued a $0.20 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.51%. Las Vegas Sands’s payout ratio is 39.60%. Analyst Upgrades and Downgrades A number of equities research analysts have recently weighed in on the stock. UBS Group raised their price objective on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Wells Fargo & Company raised their price target on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Susquehanna upped their price objective on Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 16th. Morgan Stanley increased their price objective on Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. boosted their target price on Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $58.00. Get Our Latest Stock Report on Las Vegas Sands About Las Vegas Sands ( Free Report ) Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People’s Republic of China; and Marina Bay Sands in Singapore. Featured Articles Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. ( NYSE:LVS – Free Report ). Receive News & Ratings for Las Vegas Sands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands and related companies with MarketBeat.com's FREE daily email newsletter .
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