Category: Capital Market/Banking

SEC Urges FRSC  Personnel To Shun Ponzi Schemes
July 10, 2023 No Responses

SEC Urges FRSC  Personnel To Shun Ponzi Schemes

Officers of the Federal Road Safety Corps have been urged to avoid Ponzi schemes and only invest in entities registered with the regulatory body.The Securities and Exchange Commission gave the advise during an investor enlightenment programme tagged “Investor Safety” for...
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All Set For NGX Group 62nd AGM
July 10, 2023 No Responses

All Set For NGX Group 62nd AGM

Nigerian Exchange Group Plc (NGX Group) is set to hold its 62nd Annual General Meeting (AGM) on Friday, 14 July 2023, at 11:00 a.m.  The AGM, which is in accordance to the provisions of Section 235 of the Companies and Allied Matters...
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CSCS: FMDQ Acquires 21.6% Equity With 1,080,641,902 Units Of Shares
July 9, 2023 No Responses

CSCS: FMDQ Acquires 21.6% Equity With 1,080,641,902 Units Of Shares

FMDQ Holdings Plc is now a shareholder of Central Securities Clearing System Plc (CSCS) with a 21.6 per cent equity stake. CSCS Company Secretary/General Counsel, Charles I. Ojo, who confirmed the development in a statement on Saturday expl...
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Stanbic IBTC Appoints New Board Members
July 7, 2023 No Responses

Stanbic IBTC Appoints New Board Members

Stanbic IBTC Holdings Plc has appointed new members to the board of its holding company and other subsidiaries. In a notice sent to the Nigeria Exchange Limited, Stanbic IBTC Holdings Board said: “Mrs Ndidi Nwuneli was appointed Independent Non-Executive Dir...
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Coronation Insurance To Delist From NGX
July 5, 2023 No Responses

Coronation Insurance To Delist From NGX

Coronation Insurance Plc has announced plans to delist from NGX following an offer from Coronation Capital (Mauritius) Limited to acquire shares of the company at 65kobo per share.  In a Proposed Share Acquisition notice to the Nigerian Exchange Limited ...
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Guinness Nigeria Appoints Joan Hodgins Vice Chair
July 4, 2023 No Responses

Guinness Nigeria Appoints Joan Hodgins Vice Chair

Guinness Nigeria Plc has appointed Diageo’s Global Talent Director, Ms. Joan Hodgins as a Non-Executive Director and Vice Chair of the Board of Directors effective July 1, 2023. In a notice, Guiness Nikeia Plc also disclosed the retirement of Mr Dayalan...
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Frank Nneji, ABC Transport CEO Retires, Hands Over To Brother
July 4, 2023 No Responses

Frank Nneji, ABC Transport CEO Retires, Hands Over To Brother

  By Moses Ebosele, ebosele@hotmail.com The Managing Director/ Chief Executive Officer of ABC Transport Plc, Frank Nneji has retired effective June 30, 2023. A notice to the Nigerian Exchange obtained by City Business News on Tuesday explained that Nne...
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Ecobank Nigeria Gets IFC/NGX Award For Promoting Gender Balance
July 4, 2023 No Responses

Ecobank Nigeria Gets IFC/NGX Award For Promoting Gender Balance

Ecobank Nigeria limited has been recognized as one of Nigeria’s key private sector players promoting gender balance and equality in the workplace at the Nigeria2Equal Gender Leader awards organized by International Finance Corporation (IFC) and Nigerian Exch...
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NGX, CIS, Stakeholders Honour Subomi Balogun
July 4, 2023 No Responses

NGX, CIS, Stakeholders Honour Subomi Balogun

Nigerian Exchange Limited (NGX), Chartered Institute of Stockbrokers (CIS) and other market stakeholders on Monday held a mock-trading session and Closing Gong Ceremony in honour of late Otunba Subomi Balogun, FCS, CON, the founder of FCMB Group. Speaking duri...
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SEC Holds Capital Market Awareness Programme For FRSC In Lagos, Benin, Port-Harcourt, Enugu, Osun
July 3, 2023 No Responses

SEC Holds Capital Market Awareness Programme For FRSC In Lagos, Benin, Port-Harcourt, Enugu, Osun

In a bid to ensure that more Nigerians are educated on the activities of the capital market and thereby developing the market and attracting more investors, the Securities and Exchange Commission is set to hold an awareness programme tagged “Investor...
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Naira Drops Further, Exchanges At N769.25 To Dollar
July 1, 2023 No Responses

Naira Drops Further, Exchanges At N769.25 To Dollar

Again, the Naira on Friday dropped against the dollar, exchanging at N769.25 at the investors and exporters window. The Naira depreciated by 0.82 per cent compared with N763, which it exchanged for the dollar before the Eid-el-Kabir holiday that began...
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NEXIM Partners Fidelity Bank, Sapphital On Export
June 30, 2023 No Responses

NEXIM Partners Fidelity Bank, Sapphital On Export

The partnership will help improve the skills and performance of export businesses in Nigeria by leveraging the NEXIM Export Academy (NEXA); an online platform that provides exporters with capacity-building training and access to finance to scale their business...
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SEC Explains Amendments To Rules On Shelf Registration
June 26, 2023 No Responses

SEC Explains Amendments To Rules On Shelf Registration

The Securities and Exchange Commission( SEC) has exposed some Proposed amendments to rules on Shelf Registration and Pre-offer Waiting Period. SEC at the weekend explained  that the Sundry Amendments are being made to Rule 279(3) on Shelf Registration and...
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SAHCO Promises Shareholders Enhanced Dividends In 2023
June 24, 2023 No Responses

SAHCO Promises Shareholders Enhanced Dividends In 2023

The Chairman of Skyway Aviation Handling Company PLC (SAHCO), Dr Taiwo Afolabi, has promised better dividends for the shareholders of the company for the  current financial year ending Dec. 31, 2023. Afolabi gave the promise at the 13th Annual General...
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