Capital Market – City Business News

December 19, 2025 No Responses

UBA Partners CIG Motors On $100m Vehicle Financing Scheme

United Bank for Africa (UBA) Plc has unveiled $100 million vehicle finance scheme in collaboration with CIG Motors, Lagride and Lagos State.The initiative is designed to ease the financial burden of purchasing vehicles by offering affordable loan options with flexible...

December 19, 2025 No Responses

CSCS Appoints Shehu Shantali As New CEO

By ebosele@hotmail.com The Central Securities Clearing System Plc (CSCS) has announced the appointment of Mr. Shehu Yahaya Shantali as its new Chief Executive Officer, effective January 1, 2026, subject to the receipt of regulatory no-objection.City Business N...

December 17, 2025 No Responses

NCS To Sanction Banks Over Delayed Customs Revenue Remittance

The Nigeria Customs Service (NCS) has raised concern over delays in the remittance of Customs revenue by some Designated Banks after reconciliation of collections processed through the B’odogwu platform, describing the practice as a breach of remittance obli...

December 14, 2025 No Responses

Stakeholders Task Regulators On ISA 2025 Implementation

President of the Independent Shareholders Association of Nigeria (ISAN), Moses Igbrude, has emphasised the need for efficient and impartial implementation of the Investments and Securities Act (ISA) 2025 to drive sustainable growth in the nation’s capital ma...

December 10, 2025 No Responses

Cardoso Inaugurates New ACGSF Board

The Central Bank Governor (CBN) Governor, Mr. Olayemi Cardoso, has inaugurated the new Board of the Agricultural Credit Guarantee Scheme Fund (ACGSF), reaffirming the Bank’s commitment to strengthening Nigeria’s agricultural sector.He highlighted the Schem...

December 8, 2025 No Responses

AfDB Hosts World Bank’s Anne Bjerde In Abidjan

The President of the African Development Bank Group, Dr. Sidi Ould Tah, on Monday received the World Bank Group’s Managing Director of Operations, Anne Bjerde, and her high-level delegation at the Bank’s headquarters in Abidjan.The strategic meeting centre...

December 7, 2025 No Responses

SEC, NGX Group Hail ISA 2025 As Catalyst For Stronger Capital Market

The Securities and Exchange Commission (SEC) and the Nigerian Exchange Group (NGX Group) have affirmed that the newly enacted Investments and Securities Act (ISA) 2025, signed into law by President Bola Tinubu, will play a pivotal role in driving Nigeria’s.....

December 6, 2025 No Responses

FirstBank Elephant Girls Arrive In Cairo For Africa League Finals

The FirstBank Elephant Girls have arrived in Cairo with one mission — to make history as they compete in the Women’s Basketball League Africa Finals. The team touched down in the Egyptian capital focused, energised, and fully prepared to take...

December 5, 2025 No Responses

NGX Inducts 115 Dealing Clerks

Nigerian Exchange Limited (NGX) has inducted 115 newly qualified Authorised Dealing Clerks, marking one of its largest cohorts in recent years and underscoring the Exchange’s efforts to strengthen professionalism across the capital market.The inductees, draw...

December 4, 2025 No Responses

CBN Hosts 35th IILM Governing Board Meeting

The Central Bank of Nigeria (CBN), led by Governor Olayemi Cardoso, hosted the 35th Governing Board Meeting of the International Islamic Liquidity Management Corporation (IILM) for the first time in Nigeria at the CBN Headquarters, Abuja.The meeting aligns wit...

December 4, 2025 No Responses

NGX Expands Market Offerings With Commercial Paper Listings

The Nigerian Exchange (NGX) has broadened its suite of capital market products with the formal introduction of Commercial Paper (CP) listings, marking a significant milestone in efforts to deepen the nation’s financial markets and enhance access to short-ter...

November 26, 2025 No Responses

Elumelu: Now Is Africa’s Moment for Action

Africa must shift from dialogue to decisive action if it intends to unlock its full potential, Chairman of Heirs Holdings and United Bank for Africa (UBA), Tony Elumelu, declared at the African Association of Accountants General (AAAG) Annual Conference in...

November 21, 2025 No Responses

Lafarge Africa Unveils Independence Memorial Obelisk At TBS

Lafarge Africa Plc has announced the successful unveiling of the newly rehabilitated Independence Memorial Obelisk at the historic Tafawa Balewa Square (TBS), Lagos—an iconic national landmark symbolising Nigeria’s freedom and heritage.The rehabilitation p...

November 18, 2025 No Responses

Lagos N200b Bond Oversubscribed By 55 Per Cent

Lagos State has set a new benchmark in Nigeria’s capital market with the successful completion of the bookbuild for its landmark bond issuance, which received an overwhelming response from investors.The state offered a ₦200 billion Conventional Bond and a ...