Capital Market – City Business News

September 6, 2025 No Responses

Freight Forwarders Petition Minister Over Alleged First Bank’s Persistent System Downtime

The Africa Association of Professional Freight Forwarders and Logistics of Nigeria (APFFLON) has petitioned the Minister of Finance, Wale Edun, over what it described as a crippling and persistent system downtime at First Bank of Nigeria that has paralyzed duty...

September 3, 2025 No Responses

CSCS Hosts Webinar On Nigeria’s Transition To T+2 Settlement Cycle

Central Securities Clearing System Plc, (CSCS) has concluded plans to host a significant webinar titled “Advancing Market Efficiency through T+2 Settlement” as part of industry-wide engagement ahead of Nigeria’s transition to the T+2 Settlement cycle.The...

August 30, 2025 5 Responses

GTCO Increases GTBank’s Paid-Up Capital To ₦504b

Guaranty Trust Holding Company Plc, on Friday announced that it has increased its investment in its wholly owned Banking subsidiary, Guaranty Trust Bank Limited (GTBank) to ₦504 billion through a rights issue subscription for 6,994,050,290 ordinary shares of...

August 18, 2025 No Responses

Senate, SEC To Hold Summit On Municipal Bonds, Sukuk

The Senate Committee on Capital Markets and Institutions in collaboration with the Securities and Exchange Commission is set to hold a national stakeholders summit on Municipal Bonds and Sukuk for Local Government Infrastructural Development in Uyo, Akwa Ibon ...

August 10, 2025 No Responses

SEC DG, Agama, Emerges AMERC Vice Chair

The Director General, Securities and Exchange Commission (SEC) Nigeria, Dr. Emomotimi Agama has been elected as Vice Chairman of the Africa/Middle East Regional Committee (AMERC) of the International Organization of Securities Commissions (IOSCO).By this elect...

August 8, 2025 No Responses

Court Fines Zenith Bank N85m For Freezing Customer’s Account

A High Court in Abuja has awarded a fine of N85 million against Zenith Bank Plc for freezing a customer’s bank account by relying on an invalid court order.Justice S. U. Bature, in a judgment, also ordered the bank to...

August 5, 2025 No Responses

Capital Market Investors Gain N1.78 trillion

The Nigerian stock market began the week on a bullish note on Monday, as investors gained N1.78 trillion in a single-day rally.The positive trend followed sustained buying interest in Lasaco Assurance, Royal Exchange, UPDC, UAC of Nigeria, and 43 other...

July 29, 2025 No Responses

Photo News

L-R: Edward Nelson-Addy – Head Corporate Communications & Brand Management, Access Bank Ghana; Nana Adu Kyeremanteng – Head, Human Resource, Access Bank Ghana; Katherine Ampomah – Head SME Sector – Business Banking, Access Bank, Gha...

July 29, 2025 No Responses

Green Impact Exchange Appoints Oscar Onyema, Four Others Board Members

The Green Impact Exchange (GIX) has announced the appointment of five new board members across its parent company and to the board of the Green Impact Exchange. A statement issued on Monday explained that the new members bring extensive experience...

July 21, 2025 No Responses

SEC Nigeria To Introduce USSD Codes For Verifying Operators

As part of measures to curb the activities of unregistered investment operators and protecting investors from fraudulent schemes, the Securities and Exchange Commission (SEC) is set to introduce a dedicated Unstructured Supplementary Service Data (USSD) code s...

July 10, 2025 No Responses

Digital Assets Fraud Threatens Market Integrity

The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has expressed concern over the growing threat of digital assets fraud, warning that it poses a significant challenge to market integrity and undermines investor confiden...

July 6, 2025 No Responses

At United Capital Investment Forum, SEC DG Seeks Inclusive Capital Market

June 21, 2025 No Responses

SEC Bans Independent Directors From Becoming Executive Directors

The Securities and Exchange Commission (SEC) has prohibited Independent Directors from transitioning into Executive Director roles within the same company or group.In a circular to public companies and capital market operators titled “Circular to All Public ...

June 14, 2025 No Responses

Firm Drags Zenith Bank To UK Parliament, ICC Over $64m Contract Judgment

The stage is set for another round of legal battle between Zenith Bank and Owigs and Obigs Nigeria Limited over what the company terms institutional sabotage.In a petition before the UK Parliament and the International Criminal Court Hague, Owigs and...