Capital Market Archives — City Business News

April 5, 2025 No Responses

United Capital Shareholders Get M14.4b Dividend For 2024

Shareholders of United Capital Plc has approved a total dividend payout of N14.4 billion for the 2024 financial year, representing 33% increase from the previous year. Speaking at the company’s 12th Annual General Meeting (AGM) held at the Transcorp Hilton...

March 27, 2025 No Responses

NNPCL Set For Initial Public Offer

The Nigerian National Petroleum Company Limited (NNPC Ltd) is at the final stage of getting listed in the capital market, in keeping with the provisions of the Petroleum Industry Act (PIA) 2021.This was disclosed by the Company’s Chief Finance and...

March 24, 2025 No Responses

SEC Nigeria To Clampdown On Unfit Market Operators

The Securities and Exchange Commission (SEC) has reaffirmed its commitment to ensure only fit and proper individuals are permitted to operate in Nigeria’s capital market to enhance investor protection. Speaking at the weekend in Abuja, SEC Dir...

March 16, 2025 No Responses

CSCS To Host AMEDA Conference 2025

Central Securities Clearing System Plc (CSCS) is to host the Africa and Middle East Depositories Association (AMEDA) Annual Conference.This highly anticipated event will hold from April 23 to 25, 2025, at Eko Hotel and Suites, Lagos, Nigeria.Themed “Shap...

March 16, 2025 No Responses

SEC Cancels Mainland Trust Registration, Suspends Centurion Registrars

The Securities and Exchange Commission (SEC) has announced the Cancellation of the Registration of Mainland Trust Limited and the suspension of Centurion Registrars.The Commission in separate circulars issued at the weekend said the sanctions were imposed foll...

March 13, 2025 No Responses

Stanbic IBTC Infrastructure Fund Partners SIFAX Group On Ijora Terminal Development

Stanbic IBTC Asset Management Limited, Fund Manager of the Stanbic IBTC Infrastructure Fund has partnered SIFAX Group through its subsidiary, SIFAX Shipping ICT Limited, to facilitate the development of an ultra-modern port terminal on 8.3 hectares of land (~8...

March 10, 2025 No Responses

FG Reiterates Commitment To Disburse CVFF

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has reaffirmed the commitment of President Bola Ahmed Tinubus administration to the disbursement of the Cabotage Vessel Financing Fund (CVFF).This was the focus of discussions whe...

March 6, 2025 No Responses

United Capital Investors Get N2.40K Total Dividend For 2024

For the year 2024, United Capital Plc (UCAP) attained Profit After Tax (PAT) of N24.10billion, compared to N11.42 billion recorded in 2023, representing 111.03 per cent increase.Building on a decade of consistent dividend payments, United Capital achieved a si...

March 3, 2025 No Responses

Uzoka-Anite Canvasses More Women Participation In Capital Market

As the world marks International Women’s Day, Nigerian women have been encouraged to explore investment opportunities in the capital market as a pathway to wealth creation.The Minister of State for Finance, Dr. Doris Uzoka-Anite, made this call during the of...

March 3, 2025 No Responses

SEC Nigeria To Boost Women’s Capital Market Literacy

As part of its its commitment to develop the capital market and increase participation among Nigerians, the Securities and Exchange Commission (SEC) has concluded plans to train selected women in capital market literacy through its training arm, the Nigerian C...

March 1, 2025 No Responses

United Capital Infrastructure Fund Disburses N1.98b Dividends

Photo Caption: L-R:Sunny Anene, Deputy Group CEO, United Capital Group;Peter Ashade, Group CEO, United Capital Group;Dr. Odiri Oginni, MD/CEO, United Capital Asset Management;Uchenna Mkparu, Chief Investment Officer/Infrastructure Fund Manager, United Capital ...

February 28, 2025 No Responses

Customs, CBN Harp On Technology-Driven Trade Reforms

The Comptroller-General of Customs, Adewale Adeniyi, has reaffirmed the Nigeria Customs Service’s (NCS) commitment to enhancing collaboration with the Central Bank of Nigeria (CBN) to facilitate trade and boost revenue generation—a development he said woul...

February 26, 2025 No Responses

GTCO Distributes 3,000 Gas Cylinders To Ogun Community

As part of ongoing efforts to enhance the quality of life for households and empower women in underserved communities, GTCO Plc at the weekend launched its Waste for Gas initiative which saw over 3,000 residents of Obafemi Owode Local Government...

February 25, 2025 No Responses

Unity Bank Declares N59.3b Gross Earnings In 2023

Unity Bank Plc recorded gross earnings of N59.3 billion for the full year ended December 31, 2023, representing a growth of 3.84% year-on-year.In its audited financials submitted to the NGX Group Limited, the Bank also witnessed improvements across key perform...