Category: Capital Market/Banking

SEC DG: Collective Investment Schemes Increased To N3tri In 2024
January 22, 2025 No Responses

SEC DG: Collective Investment Schemes Increased To N3tri In 2024

The Securities and Exchange Commission (SEC) on Wednesday disclosed that its Collective Investment Schemes increased to over N3 trillion in 2024.The Director General of the SEC, Dr. Emomotimi Agama who disclosed this during an interaction with reporters in Abuja, explained...
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Stanbic IBTC Launches N148.7b Rights Issue On NGX Invest
January 22, 2025 No Responses

Stanbic IBTC Launches N148.7b Rights Issue On NGX Invest

The Nigerian Exchange’s (NGX) e-offering platform, NGX Invest, continues to attract capital-raising in Nigeria with the addition of Stanbic IBTC Holdings Plc’s N148.7 billion rights issue.   Presented at the Facts Behind the Rights Issue event, t...
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SEC Sets January 31 Deadline For Registration Renewals
January 20, 2025 No Responses

SEC Sets January 31 Deadline For Registration Renewals

The Securities and Exchange Commission (SEC) has reminded Capital Market Operators (CMOs) to ensure that they renew their registration on or before January 31, 2025.The Commission said this in a circular issued recently to ask the operators to begin this...
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Ecobank Partners CreditCorp On Affordable Loans 
January 19, 2025 No Responses

Ecobank Partners CreditCorp On Affordable Loans 

Ecobank Nigeria has partnered with the Nigerian Consumer Credit Corporation (CrediCorp) to offer affordable and flexible loans to customers.  These loans, according to Ecobank can be used to finance a variety of needs, including paying school fees, r...
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Disconnect Zenith Bank, Fidelity, FCMB, Others, NCC Directs Telcos
January 15, 2025 No Responses

Disconnect Zenith Bank, Fidelity, FCMB, Others, NCC Directs Telcos

The Nigerian Communications Commission (NCC) has directed telecommunications companies (telcos) to disconnect the unstructured supplementary service data (USSD) codes assigned to nine banks due to unpaid debts.In a statement issued by Reuben Muoka, NCC Directo...
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CBN Sanctions Zenith Bank, Fidelity, Others For ATM Cash Scarcity
January 15, 2025 No Responses

CBN Sanctions Zenith Bank, Fidelity, Others For ATM Cash Scarcity

The Central Bank of Nigeria (CBN) has sanctioned Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs), during the yuletide season. The affected banks include Zenith Bank, Fidelity Bank Plc, First Bank Pl...
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Ecobank Unveils ‘Kong In A Cage’ Art Installation
January 15, 2025 No Responses

Ecobank Unveils ‘Kong In A Cage’ Art Installation

Continuing its efforts to foster sustainability in Nigeria, Ecobank Nigeria has unveiled a new art installation, Kong in a Cage, by artist Toyeeb Ajayi. The installation, made entirely from recycled materials, is now on display at the Ecobank Pan African...
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UBA Rewards Customers With N41m
January 14, 2025 No Responses

UBA Rewards Customers With N41m

United Bank for Africa (UBA) Plc has distributed over N41.8m in prizes to over 100 lucky customers in its just concluded UBA Legacy Promo series. The promo which began last year, was specially designed by the bank to celebrate UBA’s...
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FG Reiterates Commitment To Strong, Vibrant Capital Market
January 13, 2025 No Responses

FG Reiterates Commitment To Strong, Vibrant Capital Market

The Federal Government has reiterated its commitment to strengthening the capital market to promote wealth creation for Nigerians and support national development.The Minister of State for Finance, Dr. Doris Uzoka-Anite stated this during a meeting with member...
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NIGERIA’S FIRSTBANK SETS SIGHTS ON ETHIOPIA, ANGOLA, CAMEROON
January 10, 2025 No Responses

NIGERIA’S FIRSTBANK SETS SIGHTS ON ETHIOPIA, ANGOLA, CAMEROON

Building on its long-standing presence in sub-Saharan Africa, First Bank of Nigeria Limited is gearing up for its next growth phase as financial systems across the continent open up to new opportunities. More than a decade after an acquisition spree...
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KPMG Survey: UBA Emerges Top 5 In Customer Experience, SME, Retail Banking, Others
January 8, 2025 No Responses

KPMG Survey: UBA Emerges Top 5 In Customer Experience, SME, Retail Banking, Others

United Bank for Africa (UBA) Plc has Sustained cemented its position as a leading customer-centric institution, emerging among the Top 5 banks, in various survey’s segmentation, in the recently released KPMG 2024 West Africa Banking Industry Customer Experie...
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Equity Capital: GTCO Raises N209b In First Phase
January 7, 2025 No Responses

Equity Capital: GTCO Raises N209b In First Phase

Guaranty Trust Holding Company (GTCO) Plc has raised N209 billion out of its recent N400.5 billion public offer. GTCO had launched a public offer of 9.0 billion ordinary shares of 50 kobo each at N44.5 per share. In a statement...
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SEC To Intensify Crackdown On Ponzi Schemes In 2025
January 5, 2025 No Responses

SEC To Intensify Crackdown On Ponzi Schemes In 2025

The Securities and Exchange Commission (SEC) has emphasised that protecting investors remains a cornerstone of its mission, assuring that the Commission will intensify efforts to stamp out Ponzi and pyramid schemes while paving the way for legitimate investmen...
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Ardova Seals Bulk Purchase Framework With Dangote Refinery
December 31, 2024 No Responses

Ardova Seals Bulk Purchase Framework With Dangote Refinery

As part of measures to guarantee supply security at affordable prices for its customers, Ardova Plc, one of Nigeria’s major integrated downstream oil and gas businesses has agreed to a bulk purchase framework with Dangote Refinery.City Business News reports ...
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