Category: Capital Market/Banking

FRC, ISSB, NGX RegCo, To Unveil IFRS 1, IFRS 2
June 23, 2023 No Responses

FRC, ISSB, NGX RegCo, To Unveil IFRS 1, IFRS 2

To provide full information, support investor decision-making and facilitate international comparability to attract capital, the Financial Reporting Council (FRC) of Nigeria and NGX Regulation Limited (NGX RegCo) is set to organize and host the launch of the first two IFRS...
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Agribusiness: Ecobank Restates Commitment To Youth Empowerment  
June 22, 2023 No Responses

Agribusiness: Ecobank Restates Commitment To Youth Empowerment  

The Managing Director and Regional Executive, Ecobank Nigeria, Bolaji Lawal has reiterated the bank’s commitment to supporting any investment that will stimulate the growth of Nigeria’s economy and transform the opportunities in Nigeria into business ...
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FIRS Partners Market Traders Association On VAT Remittance From Informal Sector 
June 22, 2023 No Responses

FIRS Partners Market Traders Association On VAT Remittance From Informal Sector 

The Federal Inland Revenue Service (FIRS) has partnered Market Traders Association of Nigeria (MATAN) as part of measures to collect and remit Value Added Tax (VAT) to the FIRS from markets, especially in the informal sector.   The Association which ...
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Sanwo-Olu, SEC, NGX, IFC Renews Call For Gender-Focused Initiatives
June 17, 2023 No Responses

Sanwo-Olu, SEC, NGX, IFC Renews Call For Gender-Focused Initiatives

The Governor, Lagos State, Mr Babajide Sanwo-Olu, the Securities and Exchange Commission (SEC), Nigerian Exchange Limited (NGX) and the International Finance Corporation (IFC) have all renewed calls for more gender-focused initiatives that will create increase...
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CBN Explains Unification Of All Exchange Rate Windows
June 15, 2023 No Responses

CBN Explains Unification Of All Exchange Rate Windows

In a bid to improve liquidity and stability, the Central Bank of Nigeria (CBN) has announced the unification of all segments of the forex market collapsing all windows into one. According to a press statement signed by the Director of...
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Fitch Affirms Fidelity Bank Ratings with Stable Outlook
June 15, 2023 No Responses

Fitch Affirms Fidelity Bank Ratings with Stable Outlook

Fitch Ratings has affirmed Fidelity Bank Plc’s credit rating at ‘B-‘ with a stable outlook, according to its recent report.  The global rating agency also upgraded the bank’s National Short-Term Rating to ‘F1+(nga)’ from ‘F1(nga)’. It said...
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NGX To Host Workshop On Cross-Border Trading Requirements
June 10, 2023 No Responses

NGX To Host Workshop On Cross-Border Trading Requirements

Nigerian Exchange Limited (NGX) is set to host capital market stakeholders to African Exchanges Linkage Project (AELP) webinar tagged “Exchange Linkage Project – facilitating Trades across borders. City Business News report that the Webinar, which will hol...
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Shippers’ Council Cooperative Declares N44.443m Dividend For 2022
June 9, 2023 No Responses

Shippers’ Council Cooperative Declares N44.443m Dividend For 2022

For the year 2022, the Nigerian Shippers’ Council Staff Multipurpose Cooperative Society Limited has concluded plans to pay a dividend of N44.447 million to its members. The President of the Council’s Cooperative, Mr. Adeyemi Olaolu said the cooperative pa...
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Fidelity Bank Holds  International Trade expo in Houston October 
June 7, 2023 No Responses

Fidelity Bank Holds  International Trade expo in Houston October 

Building on the resounding success of the maiden edition of the Fidelity International Trade and Creative Connect (FITCC) in London, UK last November, Fidelity Bank Plc, has announced plans to host the second edition of the trade expo in Houston,...
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Ardova Shareholders Okay Transfer Of Shares At N17.88 Per Share
June 5, 2023 No Responses

Ardova Shareholders Okay Transfer Of Shares At N17.88 Per Share

The shareholders of Ardova Plc, at a Court Ordered Meeting held in Lagos, on Wednesday, 31 May, 2023, approved the Scheme of Arrangement for the holders of its fully paid ordinary shares of 50 kobo each, subject to the approval...
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Elumelu: Africa Needs To Rethink Its Relationship With Business
June 5, 2023 No Responses

Elumelu: Africa Needs To Rethink Its Relationship With Business

Africa needs to rethink its relationship with business, foremost Nigerian industrialist and Chairman, Heirs Holdings Group, Tony Elumelu, has reinstated. According to Elumelu, “Africapitalism” means the private sector can transform Africa’s economy and s...
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NGX RegCo, ISSB, FRCN To Host Webinar On Sustainability Disclosure Standards
June 5, 2023 No Responses

NGX RegCo, ISSB, FRCN To Host Webinar On Sustainability Disclosure Standards

NGX Regulation Limited (NGX RegCo), in collaboration with the International Sustainability Standards Board (ISSB) and Financial Reporting Council (FRC) of Nigeria, is set to host a 3-day workshop/webinar on sustainability disclosure standards for companies as ...
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Unity Bank Grows Gross Earnings to N57Billion In 2022
June 5, 2023 No Responses

Unity Bank Grows Gross Earnings to N57Billion In 2022

Unity Bank Plc has posted a Profit Before Tax of N1.1 billion for its full-year results that ended December 2022, even as its gross earnings rose by 13.1% to N57 billion from N50.2 billion in the corresponding period of 2021. ...
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Access Bank Tops List Of Nigeria’s Most Valuable Brand 
June 3, 2023 No Responses

Access Bank Tops List Of Nigeria’s Most Valuable Brand 

Access Bank is the most valuable Nigerian brand, valued at NGN205.6 billion Following an impressive year-on-year brand value growth of 31%.  In a statement on Friday, Brand Finance explained that Access Bank has become the most valuable Nigerian...
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