Category: Capital Market/Banking

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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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 f...
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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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