Capital Market – City Business News

January 22, 2026 No Responses

EFCC Tackles Banks In N18.7b Fraudulent Investment, Airline Discount Schemes

The Economic and Financial Crimes Commission, EFCC, has raised the alarm about negligence and compromise of banks and Fintechs in two major fraudulent schemes that have cost victims a total sum of N18.7billion.The alarm was raised in Abuja on Thursday,...

January 14, 2026 No Responses

IGP, SEC DG Reaffirm Commitment To Inter-Agency Collaboration

The Inspector-General of Police (IGP), Kayode Egbetokun, on Wednesday received the Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, and members of his management team on a courtesy visit to the Nigeria Police Force Headqua...

January 13, 2026 No Responses

EFCC Hands Over Recovered N802.4m To First Bank

The Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Monday, January 12, 2026 handed over the sum of N802,420,000( Eight Hundred and Two Million, Four Hundred and Twenty Thousand Naira only) to First Bank Nigeria.The money...

January 13, 2026 No Responses

United Capital Boosts Infrastructure Fund With Four Senior Professionals

United Capital Plc has appointed four seasoned infrastructure investment professionals as independent members of the Investment Committee of the United Capital Infrastructure Fund (UCIF), in a move aimed at repositioning the fund to seize emerging infrastructu...

January 8, 2026 No Responses

Tinubu Applauds NGX N100trillion Milestone

President Bola Tinubu has praised corporate Nigeria, citizens, and other stakeholders in the Nigerian capital market for surpassing the N100 trillion milestone on the Nigerian Exchange (NGX).President Tinubu described this record achievement as an inspiration ...

January 6, 2026 No Responses

FirstBank Meets CBN’s ₦500b Capital Requirement

By ebosele@hotmail.com. — First HoldCo Plc has announced that its commercial banking subsidiary, First Bank of Nigeria Limited (FirstBank), has successfully met the Central Bank of Nigeria’s (CBN) minimum capital requirement of ₦500 billion.The miles...

January 5, 2026 No Responses

NGX Market Capitalisation Attains ₦100 Trillion Milestone

Nigerian Exchange (NGX) opened the year on a strong footing, with equities market capitalisation crossing the ₦100 trillion mark, buoyed by renewed investor demand and broad-based gains across listed stocks.Market data showed that equities market capitalisat...

December 21, 2025 No Responses

JEX Markets Appoints Ayemhere As MD/CEO

By Moses Ebosele, ebosele@hotmail.com JEX Markets Limited, Nigeria’s energy commodities exchange and market infrastructure company, has announced the appointment of Dr. Blessing Ayemhere as its Managing Director/Chief Executive Officer (MD/CEO), subject to t...

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 ...

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...