Category: Capital Market/Banking

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 fifty kobo...
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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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ABC Transport Group Records N734m Profit In Q2 2025 Earnings
August 3, 2025 No Responses

ABC Transport Group Records N734m Profit In Q2 2025 Earnings

For the Second Quarter (Q2) of 2025, leading provider of Road Transport services in Nigeria, ABC Transport Plc, has declared a significant turnaround, moving from a loss before tax of ₦56m in 2024, to a profit before tax of ₦734m.According...
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Photo News
July 29, 2025 No Responses

Photo News

L-R: Edward Nelson-Addy – Head Corporate Communications & Brand Management, Access Bank Ghana; Nana Adu Kyeremanteng – Head, Human Resource, Access Bank Ghana; Katherine Ampomah – Head SME Sector – Business Banking, Access Bank, Gha...
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Green Impact Exchange Appoints Oscar Onyema, Four Others Board Members
July 29, 2025 No Responses

Green Impact Exchange Appoints Oscar Onyema, Four Others Board Members

The Green Impact Exchange (GIX) has announced the appointment of five new board members across its parent company and to the board of the Green Impact Exchange. A statement issued on Monday explained that the new members bring extensive experience...
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Dangote Sugar Declares N430.21b Revenue In 2025 Half Year
July 26, 2025 No Responses

Dangote Sugar Declares N430.21b Revenue In 2025 Half Year

Dangote Sugar Refinery Plc has reported a revenue of N430.21 billion in the six months ended June 30, 2025, which in contrast to N295.62 billion earned in the same period in 2024 represents a 45.53 percent increase. According to financial...
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Popoola, Fasua, Others Seek Unified Action On Capital Formation
July 23, 2025 No Responses

Popoola, Fasua, Others Seek Unified Action On Capital Formation

Market leaders, policymakers, and government representatives have called for unified action to strengthen Nigeria’s capital market and accelerate capital formation as a pathway to national growth.  Speaking at the 2025 Chartered Institute of Stockbroker...
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