Category: Capital Market/Banking

United Capital Boosts Infrastructure Fund With Four Senior Professionals
January 13, 2026 No Responses

United Capital Boosts Infrastructure Fund With Four Senior Professionals

United Capital Plc has appointed four seasoned infrastructure investment professionals as independent members of the Investment Committee of the United Capital Infrastructure Fund (UCIF), in a move aimed at repositioning the fund to seize emerging infrastructure opportunities in Nigeria and...
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Nigerian Stock Market Sustains Growth With N138b Gain
January 9, 2026 No Responses

Nigerian Stock Market Sustains Growth With N138b Gain

The stock market on Thursday sustained its upward trend, with market capitalisation rising by N138 billion, or 0.13 per cent, to close at N102.822 trillion.The benchmark opened trading at N102.684 trillion, reflecting continued investor confidence and extendin...
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Tinubu Applauds NGX N100trillion Milestone
January 8, 2026 No Responses

Tinubu Applauds NGX N100trillion Milestone

President Bola Tinubu has praised corporate Nigeria, citizens, and other stakeholders in the Nigerian capital market for surpassing the N100 trillion milestone on the Nigerian Exchange (NGX).President Tinubu described this record achievement as an inspiration ...
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FirstBank Meets CBN’s ₦500b Capital Requirement
January 6, 2026 No Responses

FirstBank Meets CBN’s ₦500b Capital Requirement

By ebosele@hotmail.com. — First HoldCo Plc has announced that its commercial banking subsidiary, First Bank of Nigeria Limited (FirstBank), has successfully met the Central Bank of Nigeria’s (CBN) minimum capital requirement of ₦500 billion.The miles...
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NGX Market Capitalisation Attains ₦100 Trillion Milestone
January 5, 2026 No Responses

NGX Market Capitalisation Attains ₦100 Trillion Milestone

Nigerian Exchange (NGX) opened the year on a strong footing, with equities market capitalisation crossing the ₦100 trillion mark, buoyed by renewed investor demand and broad-based gains across listed stocks.Market data showed that equities market capitalisat...
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FirstBank Hosts Nigeria Economic Outlook 2026
January 3, 2026 No Responses

FirstBank Hosts Nigeria Economic Outlook 2026

By ebosele@hotmail.com. – FirstBank has concluded plans to host Nigeria Economic Outlook 2026 on Tuesday, 6 January 2025.City Business News reports that the theme of the session is “The Great Calibration: Mastering Resilience in an Era of Asynchronous ...
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2026: SEC To Prioritise Mobilisation Of Long Term Funds, Others
January 2, 2026 No Responses

2026: SEC To Prioritise Mobilisation Of Long Term Funds, Others

The Securities and Exchange Commission (SEC) has said that it is prioritizing the mobilisation of long-term capital to bridge Nigeria’s infrastructure and sectoral gaps while also streamlining regulatory frameworks and aggressively facilitating the issuance ...
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Investors Sustain Optimism As Equities Gain N257b
December 23, 2025 No Responses

Investors Sustain Optimism As Equities Gain N257b

The Nigerian equities market sustained a positive performance on Monday as investors added N257 billion to their portfolios.The continued uptick was as a result of increased interest in stocks like Aluminium Extrusion Industries, International Energy Insurance...
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SEC Sets January 2026 Deadline For Operators’ Registration Renewal
December 22, 2025 No Responses

SEC Sets January 2026 Deadline For Operators’ Registration Renewal

By ebosele@hotmail.com. — The Securities and Exchange Commission (SEC) has announced that capital market operators are required to renew their registration between January 1 and January 31, 2026.The Commission also disclosed plans to commence full electr...
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JEX Markets Appoints Ayemhere As MD/CEO
December 21, 2025 No Responses

JEX Markets Appoints Ayemhere As MD/CEO

By Moses Ebosele, ebosele@hotmail.com JEX Markets Limited, Nigeria’s energy commodities exchange and market infrastructure company, has announced the appointment of Dr. Blessing Ayemhere as its Managing Director/Chief Executive Officer (MD/CEO), subject to t...
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CBN To Banks: Configure ATMs, POS Terminals For Foreign Cards Transactions
December 21, 2025 No Responses

CBN To Banks: Configure ATMs, POS Terminals For Foreign Cards Transactions

The Central Bank of Nigeria (CBN) has directed banks and non-bank acquirers to implement multi-factor authentication for foreign card transactions exceeding $200 per day.In a circular dated December 18 and signed by Rita Sike, director of the financial policy ...
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UBA Partners CIG Motors On $100m Vehicle Financing Scheme
December 19, 2025 No Responses

UBA Partners CIG Motors On $100m Vehicle Financing Scheme

United Bank for Africa (UBA) Plc has unveiled $100 million vehicle finance scheme in collaboration with CIG Motors, Lagride and Lagos State.The initiative is designed to ease the financial burden of purchasing vehicles by offering affordable loan options with ...
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CSCS Appoints Shehu Shantali As New CEO
December 19, 2025 No Responses

CSCS Appoints Shehu Shantali As New CEO

By ebosele@hotmail.com The Central Securities Clearing System Plc (CSCS) has announced the appointment of Mr. Shehu Yahaya Shantali as its new Chief Executive Officer, effective January 1, 2026, subject to the receipt of regulatory no-objection.City Business N...
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NCS To Sanction Banks Over Delayed Customs Revenue Remittance
December 17, 2025 No Responses

NCS To Sanction Banks Over Delayed Customs Revenue Remittance

The Nigeria Customs Service (NCS) has raised concern over delays in the remittance of Customs revenue by some Designated Banks after reconciliation of collections processed through the B’odogwu platform, describing the practice as a breach of remittance obli...
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