Category: Capital Market/Banking

SEC Seals Offices of Stockmatch
August 29, 2023 No Responses

SEC Seals Offices of Stockmatch

As part of measures to ensure unregistered entities are not allowed to engage in capital market functions, the Securities and Exchange Commission (SEC), on Tuesday, sealed the premises of Stockmatch Investments Ltd in Maiduguri, Borno State for allegedly engaging in...
read more
Nigeria Ends Borrowing
August 29, 2023 No Responses

Nigeria Ends Borrowing

The Federal Government has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation. The Minister of Finance and Coordinating Minister for the Economy, Chief Wale Edun, revealed this...
read more
Unclaimed Dividends Hit N190b
August 26, 2023 No Responses

Unclaimed Dividends Hit N190b

THE Securities and Exchange Commission (SEC) has disclosed that the unclaimed dividends figure in the nation’s capital market currently stands at N190 billion. Mr Lamido Yuguda, the Director-General of SEC, said this at the second post-Capital Market Committ...
read more
FMDQ Approves Review Of Eunisell CP Programme To N20b
August 25, 2023 No Responses

FMDQ Approves Review Of Eunisell CP Programme To N20b

FMDQ Securities Limited has approved a 100 per cent upward review of the Commercial Paper Issuance Programme of Eunisell Limited, a company specialized in the provision of speciality chemical solutions across a wide range of industrial users. In a letter...
read more
NETCO Declares N5.53b Profit For 2022
August 22, 2023 No Responses

NETCO Declares N5.53b Profit For 2022

THE NNPC Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Company Limited (NNPC), has reported a profit before tax of N5.53 billion for the year ended Dec. 31, 2022. The profit represents a 178 per cent...
read more
$3b NNPCL/Afreximbank’s Naira Rescue Agenda Excites Tinubu
August 21, 2023 No Responses

$3b NNPCL/Afreximbank’s Naira Rescue Agenda Excites Tinubu

President Bola Tinubu is happy that the $3 billion in crude-for-cash funding secured from the African Export-Import Bank (Afreximbank) by the Nigerian National Petroleum Corporation (NNPC) Limited is gradually giving a breather to the foreign exchange market.&...
read more
Transcorp Acquires 60% Stake In Abuja Disco
August 18, 2023 No Responses

Transcorp Acquires 60% Stake In Abuja Disco

As part of measures to further consolidates its position and investments in the Nigerian power sector, Tony Elumelu-led Nigerian conglomerate, Transcorp Group, has successfully acquired a 60-per cent stake in the Abuja Electricity Distribution Company (AEDC), ...
read more
Fidelity Bank Distributes Food Packs To Benue IDPs
August 15, 2023 No Responses

Fidelity Bank Distributes Food Packs To Benue IDPs

Fidelity Bank Plc has distributed over 1,200 food packs to the internally Displaced Persons in Makurdi, Benue State in its ongoing commitment to eliminate hunger among vulnerable persons in the society.   The event, which took place on Thursday, 10 A...
read more
NGX, CIS, ASHON Partner MOFI On Market Development, Listings
August 15, 2023 No Responses

NGX, CIS, ASHON Partner MOFI On Market Development, Listings

Nigerian Exchange Limited (NGX), Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria (ASHON), have demonstrated their willingness to collaborate with the Federal Government through the Ministry of Finance Incorporate...
read more
CBN: New FX Policy Will Lead To Losses For Speculators
August 15, 2023 No Responses

CBN: New FX Policy Will Lead To Losses For Speculators

The acting Governor of the Central Bank of Nigeria (CBN) Fola Shonubi, on Monday warned speculators of potential losses as they implement a new policy to stabilize the exchange rate regime.    Shonubi explained that the CBN has come up with...
read more
NGX Partners CSCS, Euroclear On Dollar Settlement Platform For Fintechs
August 11, 2023 No Responses

NGX Partners CSCS, Euroclear On Dollar Settlement Platform For Fintechs

Nigerian Exchange Limited (NGX) has disclosed that it is working with the Central Securities Clearing System (CSCS) Plc and Euroclear to create a dollar settlement platform that will enable tech startups to raise in dollars.  The Exchange stated that this...
read more
SEC, PENCOM, NGX Reiterate Commitment To Deepening Securities Lending
August 10, 2023 No Responses

SEC, PENCOM, NGX Reiterate Commitment To Deepening Securities Lending

With the aim of enhancing investor participation and securities lending transactions in the Nigerian capital market, the Securities and Exchange Commission (SEC), National Pension Commission (PENCOM) and Nigerian Exchange Limited (NGX) have reaffirmed their co...
read more
ACAMB To Brainstorm On Marketing Financial Services In Dynamic Times
August 9, 2023 No Responses

ACAMB To Brainstorm On Marketing Financial Services In Dynamic Times

The Association of Corporate Affairs Managers of Banks (ACAMB), the umbrella body of corporate and marketing communication professionals working in Deposit Money Banks (DMBs) in Nigeria, has announced Thursday, August 17, 2023, as the date for its 2nd National...
read more
Zenith Bank, AfCFTA Sign $1m Smart Portal Trade Deal  
August 9, 2023 No Responses

Zenith Bank, AfCFTA Sign $1m Smart Portal Trade Deal  

Zenith Bank Plc, on Tuesday, signed a Memorandum of Understanding (MoU) with the African Continental Free Trade Area (AfCFTA) to build a smart portal for trade on the African continent.   Under the arrangement, Zenith is to fund the single ...
read more
1 … 36 37 38 39 40 … 182