Category: Capital Market/Banking

NGX Outlines Benefits Of Special Purpose Acquisition Firms
November 18, 2021 No Responses

NGX Outlines Benefits Of Special Purpose Acquisition Firms

The Nigerian Exchange Ltd (NGX) has identified the Special Acquisition Compaines (SPACs) as a timely solution that will offer an alternative route to increasing the number of listings in the capital market.  The Head, Listing Business of the NGX, Mr...
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Ardova Completes N25.3b Series 1 Bond
November 17, 2021 No Responses

Ardova Completes N25.3b Series 1 Bond

Ardova Plc (AP) has successfully completed the N25.3billion Series 1 Fixed Rate Senior Unsecured Bond issue under its N60 billion debt issuance programme.  Chief Executive Officer of AP,  Mr Olumide Adeosun,in a statement on Wednesday explained that the ...
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NGX Tasks Investors On Portfolio Diversification
November 17, 2021 No Responses

NGX Tasks Investors On Portfolio Diversification

The Nigerian Exchange Ltd (NGX) has stressed the need for diversification of portfolios by investors to ensure enhanced return on investment.  The Divisional Head, Trading Business, NGX, Mr Jude Chiemeka, said this at the Retail Investors workshop organis...
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FCCPC, CBN, EFCC, Others To Investigate Rights Violation In Money Lending
November 16, 2021 No Responses

FCCPC, CBN, EFCC, Others To Investigate Rights Violation In Money Lending

The Federal Competition and Consumer Protection Commission (FCCPC), the Central Bank of Nigeria (CBN) and the Economic Financial Crimes Commission (EFCC) have commenced rights violation investigation into the money lending industry.  A document signed by ...
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Seplat Confirms Exchange Rate To Determine Interim Dividend For Q3
November 16, 2021 No Responses

Seplat Confirms Exchange Rate To Determine Interim Dividend For Q3

Seplat Energy Plc has confirmed the currency exchange rates to be applied in determining the interim dividend for the third quarter of 2021.  The Company’s Chief Financial Officer, Mr Emeka Onwuka, disclosed this in a notice sent to the Nigerian...
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Ecobank Wins Big At BAFI Awards
November 16, 2021 No Responses

Ecobank Wins Big At BAFI Awards

Ecobank Nigeria was the cynosure of all eyes at the prestigious Banks and Other Financial Institutions’ (BAFI) Awards 2021 held in Lagos at the weekend. At the keenly contested awards, Ecobank Nigeria emerged winner of the “Market Confidence and Capita...
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Savings Promo: Fidelity Bank To Reward Customers With N125m
November 14, 2021 No Responses

Savings Promo: Fidelity Bank To Reward Customers With N125m

As part of measures to drive financial inclusion in the country, Fidelity Bank Plc has unveiled new savings campaign tagged: “Get Alert in Millions (GAIM) Season 5”.    A statement sent to City Business News explained that the savings promo ...
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SEC Nigeria Urges Corporates to Leverage on Islamic Capital Market
November 10, 2021 No Responses

SEC Nigeria Urges Corporates to Leverage on Islamic Capital Market

As part of its developmental role, the Securities and Exchange Commission (SEC) has reiterated its commitment to encourage corporates to leverage on the Islamic Capital Market by providing and ensuring an attractive enabling environment.    Dire...
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Airtel, MTN, Others Drive NGX Growth Further By N252b
November 10, 2021 No Responses

Airtel, MTN, Others Drive NGX Growth Further By N252b

The nation’s bourse extended its upward movement on Tuesday with N252 billion gain as investors staked more money in Airtel Africa and 23 others.  Specifically, the market capitalisation which opened at N22.569 trillion inched higher by N252 billion or ...
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Renewed Interest In Airtel, MTN, Others Lift NGX By N644b
November 9, 2021 No Responses

Renewed Interest In Airtel, MTN, Others Lift NGX By N644b

Transactions on the Nigerian stock market closed on a positive note on Monday with the market capitalisation gaining N644 billion to hit N22 trillion mark, amid gains by telecommunication companies.  Specifically, the market capitalisation inched higher b...
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Fidelity Bank MD Tasks Employees On Ethics, Integrity
November 9, 2021 No Responses

Fidelity Bank MD Tasks Employees On Ethics, Integrity

The Managing Director, Fidelity Bank Plc, Mrs Nneka Onyeali-Ikpe, has charged employees to uphold high ethical standards, integrity and sound corporate governance while providing financial services to the banking public.  Onyeali-Ikpe gave the charge in a...
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FMDQ, Luxembourg Seal Dual Listing Partnership
November 8, 2021 No Responses

FMDQ, Luxembourg Seal Dual Listing Partnership

As part of measures to boost international visibility and facilitate dual listing of green bonds, FMDQ Securities Exchange Limited has entered into a strategic partnership with Luxembourg Stock Exchange (LuxSE).   This was revealed during the signing...
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SEC Nigeria Urges Sustained Green Investments In Capital Market
November 4, 2021 No Responses

SEC Nigeria Urges Sustained Green Investments In Capital Market

The Securities and Exchange Commission (SEC) has reiterated the need to facilitate the issuance of green and sustainable instruments in the Nigerian capital market, saying such issuances will go a long way to assist in financing solar energy and other...
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SEC DG Canvasses Support For Non-Interest Finance
November 4, 2021 No Responses

SEC DG Canvasses Support For Non-Interest Finance

The Director-General, Securities and Exchange Commission (SEC), Lamido Yuguda has stated that the Non-Interest finance segment holds great potentials in furthering the development of the capital market and the growth of the Nation’s economy.The SEC DG wh...
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