Category: Capital Market/Banking

FG Targets N720b in Q3 As DMO Unveil Bond Issuance Calendar
July 7, 2022 No Responses

FG Targets N720b in Q3 As DMO Unveil Bond Issuance Calendar

The Federal Government is set to generate about N720 billion in the third quarter of 2022 from FGN Bonds. This is according to “FGN Bond Issuance Calendar For Third Quarter, 2022” as released by the Debt Management Office (DMO).  The...
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DMO Lists Two FGN Savings bonds
July 5, 2022 No Responses

DMO Lists Two FGN Savings bonds

The Debt Management Office (DMO) on Monday announced the listing of two FGN savings bonds for subscription for the month of July. It stated that the first is a two-year savings bond due on June 15, 2024, at an interest...
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Union Bank Releases 2021 Citizenship, Sustainability, Innovation Report
July 5, 2022 No Responses

Union Bank Releases 2021 Citizenship, Sustainability, Innovation Report

Union Bank has released the 6th edition of its annual Citizenship, Sustainability and Innovation (CSI) report, which provides an update on the bank’s initiatives across environmental, social and economic areas during 2021.  Like previous editions, this year...
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Ardova To File 2021 Audited Financial Statement
July 3, 2022 No Responses

Ardova To File 2021 Audited Financial Statement

The Board and Management of Ardova Plc (Ardova), at the weekend, allay concerns over the recent suspension of trading of the company’s securities on the Nigerian Exchange Limited (NGX) over the late filing of its 2021 Audited Financial Statements.    The....
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FMDQ Exchange Lists Presco’s N50b Bond 
July 2, 2022 No Responses

FMDQ Exchange Lists Presco’s N50b Bond 

The FMDQ Securities Exchange Ltd has approved the listing of oil palm processing company, Presco Plc’s N50 billion bond on its platform.  In a statement issued on Friday, FMDQ said:  “Following the due diligence of the Exchange’s Board Lis...
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NGX Suspends Ardova, Niger Insurance, C&I Leasing, Others
July 2, 2022 No Responses

NGX Suspends Ardova, Niger Insurance, C&I Leasing, Others

The Nigerian Exchange Limited (NGX) has suspended nine companies, effective Friday, 1 July 2022,  having failed to file their Audited Financial Statements for the year ended 31 December 2021. The companies according to a statement from the NGX include Afr...
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Fitch Upgrades Fidelity Bank’s Issuer Default Rating From ‘B-’ To ‘B’
June 30, 2022 No Responses

Fitch Upgrades Fidelity Bank’s Issuer Default Rating From ‘B-’ To ‘B’

Fitch Ratings has upgraded Fidelity Bank Plc’s long-term issuer default rating (IDR) from ‘B-’ to ‘B’, reflecting the bank’s increased creditworthiness. The rating agency also upgraded Fidelity’s National Long-Term Rating to ‘A(nga)’ from ‘...
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Unclaimed Dividends Hit N180b 
June 29, 2022 No Responses

Unclaimed Dividends Hit N180b 

Lamido Yuguda, the Director-General, Security and Exchange Commission (SEC), on Tuesday, said the commission is working to ensure it reduces the level of unclaimed dividends to zero per cent. Speaking at an interactive session with editors on Tuesday in Lagos,...
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Finance Minister Receives Revised Nigerian Capital Market Master Plan 
June 28, 2022 No Responses

Finance Minister Receives Revised Nigerian Capital Market Master Plan 

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has received the Revised Nigerian Capital Market Master Plan (2021-2025).  Receiving the report on Monday in Abuja, the Minister reiterated the commitment of the Federal Government to...
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Fitch Reaffirms Ecobank Nigeria’s Stable Outlook
June 28, 2022 No Responses

Fitch Reaffirms Ecobank Nigeria’s Stable Outlook

Fitch Ratings has affirmed Ecobank Nigeria Limited’s (ENG) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. Fitch also affirmed the Bank’s Viability Rating (VR) at ‘b-‘ and National Long-Term Rating at &#8216...
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FirstBank Unveils Single-Digit Loan For Female Entrepreneurs 
June 27, 2022 No Responses

FirstBank Unveils Single-Digit Loan For Female Entrepreneurs 

By Moses Ebosele, ebosele@hotmail.com   — The management of First Bank of Nigeria ltd has unveiled the FirstGem fund (FirstGem loan), a single-digit loan scheme, targeted at female entrepreneurs.  In a statement on Sunday, Folake Ani-Mumuney, the ban...
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SEC Receives CIS Delegation, Harps On Cooperation To Bridge Infrastructure Gap 
June 27, 2022 No Responses

SEC Receives CIS Delegation, Harps On Cooperation To Bridge Infrastructure Gap 

By Moses Ebosele, ebosele@hotmail.com   — The Director-General, Securities and Exchange Commission (SEC), Mr. Lamido Yuguda has challenged relevant stakeholders to cooperate with the Securities and Exchange Commission (SEC) in its desire to help bridg...
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CBN Takes eNaira Campaign To Traders
June 26, 2022 No Responses

CBN Takes eNaira Campaign To Traders

The Central Bank of Nigeria (CBN) in collaboration with the Bankers Committee, on Saturday, sensitised traders and consumers at Tejuosho Market on how to conduct eNaira transactions. Traders in wears, shoes, and kitchen items, among other commodities, were enc...
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SEC Nigeria Identifies Critical Factors For Successful Capital Market Inclusion 
June 22, 2022 No Responses

SEC Nigeria Identifies Critical Factors For Successful Capital Market Inclusion 

Availability, affordability, accessibility, awareness and adequacy of capital market products will drive inclusion in the market across the country, the Securities and Exchange Commission (SEC), has said  Mr Lamido Yuguda, the Director-General of SEC, out...
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