Category: Capital Market/Banking

Investors Consolidate 3.4b Shares
August 25, 2019 No Responses

Investors Consolidate 3.4b Shares

Investors Consolidate 3.4b Shares The Securities and Exchange Commission (SEC), has announced that considerable progress has been made in the implementation of its consolidation of multiple shareholder accounts and electronic Dividend Mandate Management System (e-DMMS) as so far about 3.4bn...
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Zenith Bank Explains N9.4b Interim Dividend
August 20, 2019 No Responses

Zenith Bank Explains N9.4b Interim Dividend

For the six-months ended June 30, 2019, the board of Zenith Bank Plc has approved N9.4billion interim dividend for shareholders, amounting to 30kobo per share. Zenith Bank Plc explained on Monday that  shareholders on the register of the bank as...
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NSE Lists Greenwich Trust ETF
August 20, 2019 No Responses

NSE Lists Greenwich Trust ETF

The Nigerian Stock Exchange (NSE) has  listed  Greenwich Alpha ETF on its Daily Official List. The Greenwich Alpha ETF units were listed at N100 each following an Initial Public Offer (IPO) on Monday, August 19, 2019.  Greenwich Alpha is an...
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UBA, LCCI Seal 2019 Lagos International Trade Fair Partnership
August 16, 2019 No Responses

UBA, LCCI Seal 2019 Lagos International Trade Fair Partnership

Pan African financial services institution, United Bank for Africa (UBA) Plc, and the Lagos Chamber of Commerce and Industry(LCCI), have partnered to organize the 2019 edition of the Lagos International Trade Fair.  The Fair, which holds between November ...
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Digital Assets Takes Centre Stage As Investors Education Begins September 30
August 15, 2019 No Responses

Digital Assets Takes Centre Stage As Investors Education Begins September 30

The International Organization of Securities Commissions (IOSCO) has concluded plans to launch its third annual World Investor Week (WIW) from 30 September to 6 October 2019.  WIW is a week-long, global campaign, which aims to promote investor education a...
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SEC Nigeria Restates Commitment To Investor Protection
August 15, 2019 No Responses

SEC Nigeria Restates Commitment To Investor Protection

The Securities and Exchange Commission, SEC has restated its determination to ensure that investors in the Capital market are adequately protected in all transactions. This was stated by Acting Director General of the SEC, Ms. Mary Uduk during a meeting...
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Access Bank Unveils Smartphone Device Financing Scheme
August 15, 2019 No Responses

Access Bank Unveils Smartphone Device Financing Scheme

Access Bank continues to lead the way in innovative economic digital finance solutions, providing more Nigerians with access to credit as it unveils the Device Finance scheme, a scheme designed to provide salaried customers with the opportunity to purchase sma...
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Buhari To CBN: Stop Forex For Food Import
August 14, 2019 No Responses

Buhari To CBN: Stop Forex For Food Import

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to stop release of Foreign Exchange (FOREX) for food import, saying Nigeria has achieved food security. Speaking on Tuesday, Buhari said: “We have achieved food security, and for physi...
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Again, SEC Urges Nigerians to Shun Ponzi Schemes
August 12, 2019 No Responses

Again, SEC Urges Nigerians to Shun Ponzi Schemes

Nigerians have again been advised to desist from investing their money in various investment schemes that are not registered to carry out fund management functions. This was stated weekend by Ag. Director General of the Securities and Exchange Commission (SEC)...
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CBN Injects $280.04m, CNY 28.3m Into Retail SMIS
August 10, 2019 No Responses

CBN Injects $280.04m, CNY 28.3m Into Retail SMIS

The Retail Secondary Market Intervention Sales (SMIS) has received a boost of $280.04 million from the Central Bank of Nigeria (CBN), which also injected the sum of CNY 28.3 million in the spot and short tenored forwards segment of the...
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Hamzat, Okonkwo, Seek More Finance, Infrastructure To Grow SMEs
August 8, 2019 No Responses

Hamzat, Okonkwo, Seek More Finance, Infrastructure To Grow SMEs

The managing director and chief executive of Fidelity Bank, Mr Nnamdi Okonkwo, and the deputy governor of Lagos State, Dr Obafemi Hamzat, on Wednesday  emphasized the need for access to finance, and infrastructure for small businesses and entrepreneurs fo...
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Olam Stakes N120b For Dangote Flour Mill
August 7, 2019 No Responses

Olam Stakes N120b For Dangote Flour Mill

Foremost food and agri-business company, Olam International,  that previously showed interest in the acquisition of Dangote Flour Mill (DFM) has made a final offer of N120 billion. The transaction if successful will make DFM a completely owned subsidiary ...
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NSE Appoints Tuface Ambassador
August 7, 2019 No Responses

NSE Appoints Tuface Ambassador

The Nigerian Stock Exchange (NSE) on Tuesday in Lagos appointed International Award-Winning artist, Innocent Idibia’ popularly known as `Tuface or 2Baba` as its ‘Good Cause Ambassador’. Speaking at the unveiling ceremony,  NSE Chief Executive Office...
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Nigeria Begins Sale Of 2, 3 Year Savings Bonds
August 6, 2019 No Responses

Nigeria Begins Sale Of 2, 3 Year Savings Bonds

The Federal Government on Monday offered for subscription two-year savings bond at 10.301 per cent and three-year savings bond at 11.301 per cent per annum, the Debt Management Office (DMO) has said.According to the offer circular obtained from the DMO...
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