Category: Capital Market/Banking

FX Repatriation: CBN Releases N3.5b Incentive To Exporters
April 15, 2022 No Responses

FX Repatriation: CBN Releases N3.5b Incentive To Exporters

The Central Bank of Nigeria (CBN) has released N3.5 billion rebate incentive to various exporters who sold goods through the Importers and Exporters Window.   The CBN Governor, Mr Godwin Emefiele, made the announcement at the Bankers’ Committee’s 30th meeting on Thursday.   The News...
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SEC Nigeria Receives FSD Africa Delegation, Harps On Technology-Driven Market
April 11, 2022 No Responses

SEC Nigeria Receives FSD Africa Delegation, Harps On Technology-Driven Market

The Securities and Exchange Commission has restated its commitment to ensuring that technology plays a major role in enabling the nation’s capital market attain its full potentials.   Director General of the SEC, Mr. Lamido Yuguda stated this durin...
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CBN To Begin Payment Of N65 Rebate To Exporters
April 9, 2022 No Responses

CBN To Begin Payment Of N65 Rebate To Exporters

The Central Bank of Nigeria (CBN) is to begin payment of N65 rebate to exporters who sold their goods through the importers and exporters (I&E) window, at the end of the first quarter.  CBN Governor, Godwin Emefiele, said this shortly...
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UBA Assures Investors, Shareholders Of Sustained Growth
April 8, 2022 No Responses

UBA Assures Investors, Shareholders Of Sustained Growth

United Bank for Africa Plc (UBA) on Thursday assured shareholders and investors of its unwavering commitment to sustaining its current growth trajectory. The Group Chairman, Tony Elumelu, gave the assurance at the 60th Annual General Meeting of UBA at the...
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Neimeth Explains Agenda For N5b Fresh Capital
April 8, 2022 No Responses

Neimeth Explains Agenda For N5b Fresh Capital

Shareholders of  Neimeth International Pharmaceuticals PLC have approved the plan of the Board to raise the sum of N5 billion through a hybrid offering of Rights to existing shareholders and private placement. The money will be used to finance major...
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SEC Concludes ISA Review
April 8, 2022 No Responses

SEC Concludes ISA Review

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IOSCO Seeks Feedback On Market Liquidity, Corporate Bond Markets, Others
April 8, 2022 No Responses

IOSCO Seeks Feedback On Market Liquidity, Corporate Bond Markets, Others

The Board of the International Organization of Securities Commissions (IOSCO) is publishing its report on corporate bond markets – drivers of liquidity during COVID-19 induced market stresses and invites stakeholder feedback on the analysis. &...
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Okomu Oil Sets Aside N7b For 2021 Dividend
April 7, 2022 No Responses

Okomu Oil Sets Aside N7b For 2021 Dividend

For the 2021 financial year, the board of  Okomu Oil Palm Plc has concluded plans to reward shareholders with a dividend payout of N7.6 billion, translating to an N8 per share.   In a notice to the NGX ON Wednesday, Okomu Oil...
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Presco Issues N34.5b Series 1 Bond 
April 5, 2022 No Responses

Presco Issues N34.5b Series 1 Bond 

By Moses Ebosele, ebosele@hotmail.com   — Market leader in the supply of specialty fat and oils, Presco Plc has announced successful issuance of  N34.5billion Series 1 seven-year Fixed Rate Bonds under its N50 billion Bond Issuan...
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SEC Nigeria Holds First CMC Meeting In 2022
April 4, 2022 No Responses

SEC Nigeria Holds First CMC Meeting In 2022

The Securities and Exchange Commission (SEC) has announced that the first Capital Market Committee (CMC) meeting in 2022 will hold on Wednesday April 6, 2022.The meeting is scheduled to hold virtually through Zoom with key stakeholders in the capital market...
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Investdata Q2 Master Class On Opportunities In Volatile Market Holds Saturday
April 1, 2022 No Responses

Investdata Q2 Master Class On Opportunities In Volatile Market Holds Saturday

Investdata Consulting Limited will on Saturday hold its regular quarterly master class on 2022 titled Trading opportunities in a volatile market and defensive sectors in a pre-election year, between 9am and 4pm, on Saturday, April 2, 2022, via Zoom.  A...
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Access Bank Targets Top Five Position In Africa By 2027
March 30, 2022 No Responses

Access Bank Targets Top Five Position In Africa By 2027

The Group Managing Director/ Chief Executive Officer, Access Bank Plc, Dr Herbert Wigwe, says the bank aims to become one of the top five in Africa by 2027.  Wigwe told journalists in Lagos on Tuesday that the bank, which had...
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Access Bank Completes Holdco Structure, Announces New Changes In Subsidiary 
March 29, 2022 No Responses

Access Bank Completes Holdco Structure, Announces New Changes In Subsidiary 

Access Holdings Plc has announced board changes at its banking subsidiary, Access Bank Plc, with the completion of the scheme of arrangement and holders of its fully paid ordinary shares of 50k.  This is contained in a statement signed by...
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SEC To Partner ABU On Capital Market Development
March 28, 2022 No Responses

SEC To Partner ABU On Capital Market Development

The Securities and Exchange Commission (SEC) is set to collaborate with Ahmadu Bello University, Zaria in a bid to further deepen the Nigerian capital market. Director-General of the SEC, Mr. Lamido Yuguda stated this when the Vice-Chancellor of ABU Prof ...
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