Category: Capital Market/Banking

ISA Bans Unregistered Digital Asset Exchanges, Online Forex Platforms
April 14, 2025 No Responses

ISA Bans Unregistered Digital Asset Exchanges, Online Forex Platforms

The newly enacted Investments and Securities Act, 2025 (ISA 2025) has made it illegal to operate digital asset exchanges or online foreign exchange trading platforms without formal registration with the Securities and Exchange Commission (SEC).Signed into law by President Bola...
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Seplat Energy Sustainability Commitments Are Largely Long-Term, Says COO
April 13, 2025 No Responses

Seplat Energy Sustainability Commitments Are Largely Long-Term, Says COO

Seplat Energy Plc has restated its commitments to energy sustainability as it impacts people, environment and corporate governance, stressing that its focus is long-term with dividends accruable beyond today.The Chief Operating Officer, Seplat Energy, Mr. Sams...
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Digital Assets: Nigeria Predicts Exit From Grey List
April 11, 2025 No Responses

Digital Assets: Nigeria Predicts Exit From Grey List

The Securities and Exchange Commission (SEC) has predicted that the nation may exit the grey list soon with the inclusion of digital assets regulation in the recently signed Investments and Securities Act 2025 by President Bola Ahmed Tinubu.Director General of...
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Tinubu Mourns Business Icon, Pascal Dozie
April 8, 2025 No Responses

Tinubu Mourns Business Icon, Pascal Dozie

President Bola Ahmed Tinubu, on Tuesday extended his heartfelt condolences to the Dozie family, the business community, and all Nigerians on the passing of Chief (Dr.) Pascal Gabriel Dozie, an elder statesman, entrepreneur, and banker. He was 85.Chief Pascal D...
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SEC DG: ISA 2025 To Boost Investor Confidence
April 7, 2025 No Responses

SEC DG: ISA 2025 To Boost Investor Confidence

The Securities and Exchange Commission (SEC) has said that the Investments and Securities Act 2025 introduces key reforms aimed at boosting investors confidence, strengthening market oversight and aligning Nigeria’s financial markets with global best pra...
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100 Exhibitors For ‘Oja Oge’ By Ecobank
April 7, 2025 No Responses

100 Exhibitors For ‘Oja Oge’ By Ecobank

Building on the success of its first edition, Ecobank Nigeria is set to host the second edition of its pop-up marketplace, “Oja Oge by Ecobank.”  A statement sent to City Business News explained that the 3-day fashion, beauty, wellness, and...
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CBN Injects $197.71m To Boost Liquidity
April 6, 2025 No Responses

CBN Injects $197.71m To Boost Liquidity

The Central Bank of Nigeria (CBN) has injected $197.71 million to boost market liquidity and stability in the foreign exchange market.  In a statement on Saturday, CBN’s Director of Financial Markets Department, Omolara Duke, said the apex bank has...
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United Capital Shareholders Get M14.4b Dividend For 2024
April 5, 2025 No Responses

United Capital Shareholders Get M14.4b Dividend For 2024

Shareholders of United Capital Plc has approved a total dividend payout of N14.4 billion for the 2024 financial year, representing 33% increase from the previous year.  Speaking at the company’s 12th Annual General Meeting (AGM) held at the Transcorp Hi...
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CBN Explains $23b Net Reserve
April 3, 2025 No Responses

CBN Explains $23b Net Reserve

Nigeria’s Net Foreign Exchange Reserve (NFER) hits $23.11 billion at the end of 2024, the highest level in over three years, the Central Bank of Nigeria (CBN), disclosed on Wednesday. According to CBN, the development reflects a substantial improvement in...
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GTCO Declares N1.2tri For 2024
March 29, 2025 No Responses

GTCO Declares N1.2tri For 2024

For the 2024 financial year, GTCO Plc declared N1.266 trillion, profit before tax, up from N609.3 billion a year earlier. The Group, in its audited financial statement released on the Nigerian Exchange Limited on Friday, also disclosed a profit after...
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Investdata 2025 Q2 Master Class To Focus On Post-Earnings Season Strategies
March 29, 2025 No Responses

Investdata 2025 Q2 Master Class To Focus On Post-Earnings Season Strategies

The Investdata Master Class for the 2025 Q2 holds Saturday, March 29, 2025 with the theme “Post-Earnings Season Strategies For Winning Edge In Q2 Market Oscillation.” As usual, time-tested equity traders and analysts with decades of experience in technical...
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MRS Oil Exits NGX
March 29, 2025 No Responses

MRS Oil Exits NGX

MRS Oil has concluded arrangements for the voluntary delisting of all its issued shares from the Nigerian Exchange Ltd. (NGX) and subsequent admission to the NASD OTC Securities Exchange.In a corporate disclosure on Friday through the Nigerian Exchange, the co...
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NNPCL Set For Initial Public Offer
March 27, 2025 No Responses

NNPCL Set For Initial Public Offer

The Nigerian National Petroleum Company Limited (NNPC Ltd) is at the final stage of getting listed in the capital market, in keeping with the provisions of the Petroleum Industry Act (PIA) 2021.This was disclosed by the Company’s Chief Finance and...
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UBA Declares N766.6b Profit For 2024
March 25, 2025 No Responses

UBA Declares N766.6b Profit For 2024

For the year ended December 31, 2024, United Bank for Africa (UBA) Plc has declared N766.6billion Profit After Tax,  up from N607.7billion  recorded at the end of 2023, an increase of of 26.14 per cent.   The 2024 financials, file...
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