Category: Capital Market/Banking

SEC Uncovers Another Suspected Illegal Investment Platform
May 1, 2025 No Responses

SEC Uncovers Another Suspected Illegal Investment Platform

The Securities and Exchange Commission (SEC) has uncovered another suspected illegal investment platform identified as tofro.com (tofro), warning Nigerians against falling for their antics to obtain money from them through promise of usually high returns.The Commission raised the alarm in...
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Seplat Energy Declares N1.228tri Revenue In 2025 Q1
April 29, 2025 No Responses

Seplat Energy Declares N1.228tri Revenue In 2025 Q1

Seplat Energy Plc has announced its audited results for the three months ended 31 March 2025, recording a revenue of N1.228 trillion for the period from N268.6 billion reported same quarter last year. Its gross profit soared to N535.4 billion...
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GTCO Shareholders Okay N8.03 Per Share Dividend
April 28, 2025 No Responses

GTCO Shareholders Okay N8.03 Per Share Dividend

For the financial year ended December 31, 2024, Shareholders of Guaranty Trust Holding Company (GTCO) Plc have approved the payment of a total dividend of N8.03 per share.This decision was taken at the company’s fourth annual general meeting, held virtua...
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SEC To Nigerians: Report Any Suspected Illegal Investment Schemes
April 25, 2025 No Responses

SEC To Nigerians: Report Any Suspected Illegal Investment Schemes

The Securities and Exchange Commission (SEC) has urged Nigerians to report any suspected illegal investments scheme to the commission for proper investigation and necessary action.The Commission said this in a notice issued on Thursday to the investing public,...
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SEC To Clampdown On Influencers, Bloggers
April 21, 2025 No Responses

SEC To Clampdown On Influencers, Bloggers

The Securities and Exchange Commission (SEC) has issued a warning to influencers and bloggers, cautioning them against promoting unregistered investment schemes.The Commission emphasized that it is working closely with law enforcement agencies, including the E...
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CBN, NGX Group Showcase Nigeria’s Reform At Nasdaq, New York
April 20, 2025 No Responses

CBN, NGX Group Showcase Nigeria’s Reform At Nasdaq, New York

AS part of measures to woo global capital and enhance investor’s confidence, Nigeria’s top financial leaders presented a unified front at a strategic investment forum hosted at the Nasdaq MarketSite in New York. The event, held on Thursday, April 17,.....
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NAHCO Attains N54b Turnover, Sets Aside N11.58b For 2024 Dividend
April 17, 2025 No Responses

NAHCO Attains N54b Turnover, Sets Aside N11.58b For 2024 Dividend

For the year ended December 31, 2024, Nigerian Aviation Handling Company (NAHCO) Plc attained an increase in Total revenue by 88.5 per cent, from N28.40 billion in 2023 to N53.54 billion in 2024.Also within the period, the company experienced increased...
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Africa’s Asset Recovery Forum Seeks Action against Stolen Assets
April 16, 2025 No Responses

Africa’s Asset Recovery Forum Seeks Action against Stolen Assets

The African Asset Recovery Practitioners Forum, AARP, has charged African countries to join hands in forging a road map and actionable processes against resource theft and asset recovery on the continent. This charge was given at the ongoing inaugural meeting....
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SMEs Financing: SEC, SMEDAN Embark On Enlightenment Campaigns
April 16, 2025 No Responses

SMEs Financing: SEC, SMEDAN Embark On Enlightenment Campaigns

The Securities and Exchange Commission is to collaborate with the Small and Medium Enterprises Development Agency of Nigeria to implement joint nationwide sensitization campaigns on “Financing SMEs through the Capital Market.” Director General of the SEC, ...
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CSCS Proposes N1.76 Dividend For 2024
April 15, 2025 No Responses

CSCS Proposes N1.76 Dividend For 2024

Central Securities Clearing System (CSCS) Plc has released its audited consolidated and separate financial statements for the year ended December 31, 2024, delivering double-digit growth in revenue and profitability.Total revenue increased by 37% to N26.1 bill...
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ISA Bans Unregistered Digital Asset Exchanges, Online Forex Platforms
April 14, 2025 No Responses

ISA Bans Unregistered Digital Asset Exchanges, Online Forex Platforms

The newly enacted Investments and Securities Act, 2025 (ISA 2025) has made it illegal to operate digital asset exchanges or online foreign exchange trading platforms without formal registration with the Securities and Exchange Commission (SEC).Signed into law ...
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Seplat Energy Sustainability Commitments Are Largely Long-Term, Says COO
April 13, 2025 No Responses

Seplat Energy Sustainability Commitments Are Largely Long-Term, Says COO

Seplat Energy Plc has restated its commitments to energy sustainability as it impacts people, environment and corporate governance, stressing that its focus is long-term with dividends accruable beyond today.The Chief Operating Officer, Seplat Energy, Mr. Sams...
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Digital Assets: Nigeria Predicts Exit From Grey List
April 11, 2025 No Responses

Digital Assets: Nigeria Predicts Exit From Grey List

The Securities and Exchange Commission (SEC) has predicted that the nation may exit the grey list soon with the inclusion of digital assets regulation in the recently signed Investments and Securities Act 2025 by President Bola Ahmed Tinubu.Director General of...
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Tinubu Mourns Business Icon, Pascal Dozie
April 8, 2025 No Responses

Tinubu Mourns Business Icon, Pascal Dozie

President Bola Ahmed Tinubu, on Tuesday extended his heartfelt condolences to the Dozie family, the business community, and all Nigerians on the passing of Chief (Dr.) Pascal Gabriel Dozie, an elder statesman, entrepreneur, and banker. He was 85.Chief Pascal D...
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