Category: Capital Market/Banking

Oando Attains N220b Profit In 2024
June 6, 2025 No Responses

Oando Attains N220b Profit In 2024

Oando PLC, Africa’s leading integrated energy company listed on both the Nigerian Exchange Group (NGX) and Johannesburg Stock Exchange (JSE), posted robust Audited Full Year (FY) 2024 financial results with a 44% increase in revenue to N4.1trillion compared to N2.9...
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SEC Nigeria Tasks African Capital Markets On Financing Gap For Climate Adaptation
June 2, 2025 No Responses

SEC Nigeria Tasks African Capital Markets On Financing Gap For Climate Adaptation

The Securities and Exchange Commission (SEC), Nigeria, has stressed the need for the mobilisation of capital markets to bridge the colossal financing gap for climate adaptation in Africa.Dr Emomotimi Agama, the Director-General of SEC, said this while speaking...
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SEC Nigeria Cautions Investors On Ponzi Schemes
May 30, 2025 No Responses

SEC Nigeria Cautions Investors On Ponzi Schemes

Again, the Securities and Exchange Commission (SEC) has sounded a renewed warning on the dangers of Ponzi schemes, highlighting their devastating impact on investor confidence, financial stability, and the Nigerian capital market.This was the central theme of ...
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At Access Bank GLS, Tunji-Ojo Advocates Purpose-Driven Leadership
May 27, 2025 No Responses

At Access Bank GLS, Tunji-Ojo Advocates Purpose-Driven Leadership

Minister of Interior, Dr. Olubunmi Tunji-Ojo, recently challenged public and private sector leaders on decisive leadership skills at the Access Bank Guest Lecture Series (GLS) held at the Bank’s headquarters in Victoria Island, Lagos.  Speaking on the t...
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Court Fixes July 4 For Judgment On CBN Act
May 27, 2025 No Responses

Court Fixes July 4 For Judgment On CBN Act

Justice James Omotosho of the Federal High Court, Abuja, has fixed 4 July for judgment to determine the legality of the Nigeria Inter-Bank Settlement System Plc’s (NIBSS) management of the Bank Verification Number (BVN) database, said to be in line...
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United Capital Unveils Children Investment Fund
May 26, 2025 No Responses

United Capital Unveils Children Investment Fund

United Capital Asset Management (UCAML), a leading asset managementcompany and subsidiary of United Capital Group, on Monday in Lagos, unveiled its latest mutual fund, The Children Investment Fund (CIF).The Children Investment Fund is a naira-denominated, open...
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Listed Firms Declare N1.1trillion Dividend In 2024
May 25, 2025 No Responses

Listed Firms Declare N1.1trillion Dividend In 2024

The Securities and Exchange Comission (SEC) has said that listed companies declared dividends totaling N1.1trillion to shareholders in 2024.The Director-General of SEC, Dr Emomotimi Agama, disclosed this at the first quarter Capital Market Committee (CMC) meet...
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Court Winds Up Illegal Capital Market Firm
May 22, 2025 No Responses

Court Winds Up Illegal Capital Market Firm

Justice C.J. Aneke of the Federal High Court sitting in Ikoyi , Lagos, on Thursday, May 22, 2025, ordered the winding up of a fraudulent collective investment scheme firm, CJC Markets Limited, over failure to register with the Securities and...
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Aderogba Emerges President/CEO, Regional Maritime Development Bank
May 22, 2025 No Responses

Aderogba Emerges President/CEO, Regional Maritime Development Bank

The Minister of Marine and Blue Economy, Adegboyega Oyetola has announced that President Bola Ahmed Tinubu has given approval for Nigeria’s hosting of the long-awaited Regional Maritime Development Bank (RMDB) and appointed a Nigerian, Mr. Adeniran Aderogba,...
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Supreme Court Affirms Judgment Debt Against Fidelity Bank
May 20, 2025 No Responses

Supreme Court Affirms Judgment Debt Against Fidelity Bank

The Supreme Court of Nigeria has upheld the rulings of both the High Court and the Court of Appeal in a protracted legal dispute between Fidelity Bank Plc and Sagecom Concepts Limited, an Ibadan-based firm. With this final judgement on...
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Seplat Energy Explains $1.116b Revenue, 11million Man Hours Without Injury
May 19, 2025 No Responses

Seplat Energy Explains $1.116b Revenue, 11million Man Hours Without Injury

The business performance of Seplat Energy Plc, for 2024 full-year met and exceeded the expectation of the Board of Directors, the Chairman, Senator Udoma Udo Udoma, has said.  Udoma said this on the sidelines of the company’s 12th Annual General Me...
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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 (...
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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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