Category: Capital Market/Banking

CBN Projects $1b Diaspora Reserve
September 10, 2025 No Responses

CBN Projects $1b Diaspora Reserve

The Central Bank of Nigeria (CBN) is targeting a diaspora reserve of $1billion by 2026.Dr Olayemi Cardoso, the Governor of CBN, said this at the 18th Annual Banking and Finance Conference organised by the Chartered Institute of Bankers of Nigeria...
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Freight Forwarders Petition Minister Over Alleged First Bank’s Persistent System Downtime
September 6, 2025 No Responses

Freight Forwarders Petition Minister Over Alleged First Bank’s Persistent System Downtime

The Africa Association of Professional Freight Forwarders and Logistics of Nigeria (APFFLON) has petitioned the Minister of Finance, Wale Edun, over what it described as a crippling and persistent system downtime at First Bank of Nigeria that has paralyzed dut...
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Stock Market Investors Trade N90.3b Equities In Four Days
September 6, 2025 No Responses

Stock Market Investors Trade N90.3b Equities In Four Days

Stock market investors traded 3.117 billion shares worth N90.295 billion in 118,018 transactions on the Exchange during the week just ended.This compares with 3.199 billion shares valued at N85.399 billion exchanged last week in 142,477 deals.Consequently, the...
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CSCS Hosts Webinar On Nigeria’s Transition To T+2 Settlement Cycle
September 3, 2025 No Responses

CSCS Hosts Webinar On Nigeria’s Transition To T+2 Settlement Cycle

Central Securities Clearing System Plc, (CSCS) has concluded plans to host a significant webinar titled “Advancing Market Efficiency through T+2 Settlement” as part of industry-wide engagement ahead of Nigeria’s transition to the T+2 Settlement cycle.The...
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BPE To List DisCos, GenCo On Stock Market
September 3, 2025 6 Responses

BPE To List DisCos, GenCo On Stock Market

The Bureau of Public Enterprises (BPE) has announced plans to list two electricity Distribution Companies (DisCos) and one Generation Company (GenCo) on the Nigerian Stock Exchange through an Initial Public Offering (IPO).BPE Director-General, Mr Ayodeji Gbele...
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GTCO Increases GTBank’s Paid-Up Capital To ₦504b
August 30, 2025 5 Responses

GTCO Increases GTBank’s Paid-Up Capital To ₦504b

Guaranty Trust Holding Company Plc, on Friday announced that it has increased its investment in its wholly owned Banking subsidiary, Guaranty Trust Bank Limited (GTBank) to ₦504 billion through a rights issue subscription for 6,994,050,290 ordinary shares of...
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Stock Market Sustains Growth, Attains N203b Gain
August 27, 2025 No Responses

Stock Market Sustains Growth, Attains N203b Gain

The Nigerian stock market continued on a positive note on Tuesday, recording N203 billion gain.The market activity was driven by demand for equities such as NCR Nigeria, Berger Paints, Beta Glass, Cadbury and 23 other stocks.Specifically, the Nigerian Exchange...
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Afriland Properties Shareholders Get N178.6m Interim Dividend
August 26, 2025 one Response

Afriland Properties Shareholders Get N178.6m Interim Dividend

For the half-year ended June 30, AFRILAND Properties Plc has paid an interim dividend of 13 kobo per share to it’s shareholders, amounting to N178.6 million.Speaking on the development, Mr Emmanuel Nnorom, Chairman of the Board, said, “The interim divi...
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Senate, SEC To Hold Summit On Municipal Bonds, Sukuk
August 18, 2025 No Responses

Senate, SEC To Hold Summit On Municipal Bonds, Sukuk

The Senate Committee on Capital Markets and Institutions in collaboration with the Securities and Exchange Commission is set to hold a national stakeholders summit on Municipal Bonds and Sukuk for Local Government Infrastructural Development in Uyo, Akwa Ibon ...
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United Capital Explains N11.89b Profit After Tax
August 13, 2025 No Responses

United Capital Explains N11.89b Profit After Tax

For the half year 2025, United Capital Plc group recorded a 57% year-on-year revenue growth to ₦23.76 billion while Profit Before Tax rose by 52% to ₦13.79 billion, leaving  Profit After Tax at ₦11.89 billion, marking a 54% year-on-year increas...
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SEC DG, Agama, Emerges AMERC Vice Chair
August 10, 2025 No Responses

SEC DG, Agama, Emerges AMERC Vice Chair

The Director General, Securities and Exchange Commission (SEC) Nigeria, Dr. Emomotimi Agama has been elected as Vice Chairman of the Africa/Middle East Regional Committee (AMERC) of the International Organization of Securities Commissions (IOSCO).By this elect...
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Court Fines Zenith Bank N85m For Freezing Customer’s Account
August 8, 2025 No Responses

Court Fines Zenith Bank N85m For Freezing Customer’s Account

A High Court in Abuja has awarded a fine of N85 million against Zenith Bank Plc for freezing a customer’s bank account by relying on an invalid court order.Justice S. U. Bature, in a judgment, also ordered the bank to...
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Capital Market Investors Gain N1.78 trillion
August 5, 2025 No Responses

Capital Market Investors Gain N1.78 trillion

The Nigerian stock market began the week on a bullish note on Monday, as investors gained N1.78 trillion in a single-day rally.The positive trend followed sustained buying interest in Lasaco Assurance, Royal Exchange, UPDC, UAC of Nigeria, and 43 other...
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SEC DG: West Africa Emerging As Global Hotspot For Virtual Asset Adoption
August 4, 2025 No Responses

SEC DG: West Africa Emerging As Global Hotspot For Virtual Asset Adoption

The Director-General of the Securities and Exchange Commission (SEC Nigeria), Dr. Emomotimi Agama, has said that West Africa, with its vibrant and youthful population, has become a global hotspot for virtual asset adoption.Speaking at the West Africa Complianc...
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