Category: Capital Market/Banking

CVFF Disbursement: NIMASA Okays UBA, First Bank, Zenith, Nine Others
May 13, 2025 No Responses

CVFF Disbursement: NIMASA Okays UBA, First Bank, Zenith, Nine Others

The Cabotage Vessel Financing Fund (CVFF) is to be disbursed by the Federal Ministry of Marine and Blue Economy through the Nigerian Maritime Administration and Safety Agency (NIMASA) at a single-digit interest rate.  Under the arrangement,  twelve (12) Primary Lending...
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Court Orders Final Forfeiture of N1.2b Stolen From Sterling Bank
May 10, 2025 No Responses

Court Orders Final Forfeiture of N1.2b Stolen From Sterling Bank

Justice D.I.Dipeolu of the Federal High Court sitting in Ikoyi, Lagos, has ordered the final forfeiture of the sum of N1,292,798,746.81 (One Billion , Two Hundred and Ninety-two Million, Seven Hundred and Ninety-eight Thousand , Seven Hundred and Forty-six Nai...
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NASCON Shareholders Okay N2 Per Share Dividend
May 10, 2025 No Responses

NASCON Shareholders Okay N2 Per Share Dividend

The Management of NASCON Allied Industries Plc, has attributed significant growth in the dividend payout by 100 per cent to N2 per share and the company’s impressive run during the year, ending December 31, 2024, to the successful expansion of...
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NGX Group, Market Stakeholders Honour Pascal Dozie
May 7, 2025 No Responses

NGX Group, Market Stakeholders Honour Pascal Dozie

Captains of industry, financial leaders, and dignitaries on Tuesday gathered at the Nigerian Exchange Group House for an Afternoon of Tributes and Special Closing Gong Ceremony in honour of late Dr. Pascal G. Dozie, OON, CON, former President of the...
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Presco Declares ₦58.6b Profit Before Tax In Q1
May 3, 2025 No Responses

Presco Declares ₦58.6b Profit Before Tax In Q1

For the 2025 first quarter (Q1) ended March 31, 2025, Presco Plc, Nigeria’s leading fully integrated edible oil business, has declared ₦58.6 billion Profit Before Tax (PBT), representing a 97.6% year-on-year increase compared to ₦29.7 billion in Q1 2024....
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SEC Uncovers Another Suspected Illegal Investment Platform
May 1, 2025 No Responses

SEC Uncovers Another Suspected Illegal Investment Platform

The Securities and Exchange Commission (SEC) has uncovered another suspected illegal investment platform identified as tofro.com (tofro), warning Nigerians against falling for their antics to obtain money from them through promise of usually high returns.The C...
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Seplat Energy Declares N1.228tri Revenue In 2025 Q1
April 29, 2025 No Responses

Seplat Energy Declares N1.228tri Revenue In 2025 Q1

Seplat Energy Plc has announced its audited results for the three months ended 31 March 2025, recording a revenue of N1.228 trillion for the period from N268.6 billion reported same quarter last year. Its gross profit soared to N535.4 billion...
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GTCO Shareholders Okay N8.03 Per Share Dividend
April 28, 2025 No Responses

GTCO Shareholders Okay N8.03 Per Share Dividend

For the financial year ended December 31, 2024, Shareholders of Guaranty Trust Holding Company (GTCO) Plc have approved the payment of a total dividend of N8.03 per share.This decision was taken at the company’s fourth annual general meeting, held virtua...
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SEC To Nigerians: Report Any Suspected Illegal Investment Schemes
April 25, 2025 No Responses

SEC To Nigerians: Report Any Suspected Illegal Investment Schemes

The Securities and Exchange Commission (SEC) has urged Nigerians to report any suspected illegal investments scheme to the commission for proper investigation and necessary action.The Commission said this in a notice issued on Thursday to the investing public,...
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SEC To Clampdown On Influencers, Bloggers
April 21, 2025 No Responses

SEC To Clampdown On Influencers, Bloggers

The Securities and Exchange Commission (SEC) has issued a warning to influencers and bloggers, cautioning them against promoting unregistered investment schemes.The Commission emphasized that it is working closely with law enforcement agencies, including the E...
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CBN, NGX Group Showcase Nigeria’s Reform At Nasdaq, New York
April 20, 2025 No Responses

CBN, NGX Group Showcase Nigeria’s Reform At Nasdaq, New York

AS part of measures to woo global capital and enhance investor’s confidence, Nigeria’s top financial leaders presented a unified front at a strategic investment forum hosted at the Nasdaq MarketSite in New York. The event, held on Thursday, April 17,.....
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NAHCO Attains N54b Turnover, Sets Aside N11.58b For 2024 Dividend
April 17, 2025 No Responses

NAHCO Attains N54b Turnover, Sets Aside N11.58b For 2024 Dividend

For the year ended December 31, 2024, Nigerian Aviation Handling Company (NAHCO) Plc attained an increase in Total revenue by 88.5 per cent, from N28.40 billion in 2023 to N53.54 billion in 2024.Also within the period, the company experienced increased...
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Africa’s Asset Recovery Forum Seeks Action against Stolen Assets
April 16, 2025 No Responses

Africa’s Asset Recovery Forum Seeks Action against Stolen Assets

The African Asset Recovery Practitioners Forum, AARP, has charged African countries to join hands in forging a road map and actionable processes against resource theft and asset recovery on the continent. This charge was given at the ongoing inaugural meeting....
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SMEs Financing: SEC, SMEDAN Embark On Enlightenment Campaigns
April 16, 2025 No Responses

SMEs Financing: SEC, SMEDAN Embark On Enlightenment Campaigns

The Securities and Exchange Commission is to collaborate with the Small and Medium Enterprises Development Agency of Nigeria to implement joint nationwide sensitization campaigns on “Financing SMEs through the Capital Market.” Director General of the SEC, ...
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