Capital Market Archives — Page 26 of 60

September 26, 2021 No Responses

At FICAN Conference, Emefiele Harps On Infrastructure Development

The Federal Government needs about S$100 billion annually to address the nation’s infrastructure deficit, Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, reiterated on Saturday in Lagos. Speaking at the 30th Anniversary Conference and Awards of the...

September 22, 2021 No Responses

Ecobank Nigeria MD Makes Case For Eurobond Market

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has described Federal Government’s plan for a Eurobond issuance in the International Capital Market (ICM) as a step in the right direction, stressing that the fundamentals and potentials of...

September 20, 2021 No Responses

SEC Commences 100% Custody Requirement In CIS

As part of measures to protect investors, the Securities and Exchange Commission (SEC) has commenced implementation of 100 percent custody requirement in the Collective Investment Schemes (CIS) sector In a statement on Sunday, the Director-General, Lami...

September 13, 2021 No Responses

Fidelity Bank Grows PBT by 72.4% In Six Months

Fidelity Bank Plc has posted a profit before tax (PBT) of N20.6 billion for the six months ended June 30, 2021. The Managing Director/Chief Executive Officer of Fidelity Bank, Mrs Nneka Onyeali-Ikpe, disclosed this in the bank’s audited half-year (H1)...

September 6, 2021 No Responses

SEC To Reduce Cost, Assures Of Profitability In Two Years

The Securities and Exchange Commission has unveiled plans to reduce its operating costs in order to boost profitability within the next two years.The Director-General, SEC, Mr Lamido Yuguda who said this in Abuja, also noted that the Commission has been...

September 5, 2021 No Responses

China To Open Third Stock Exchange

China has announced plans to set up a third stock exchange to serve small and medium-sized businesses. President Xi Jinping said the new share market will be in the capital Beijing, during a speech to the International Fair for Trade...

August 25, 2021 No Responses

NGX Group Commemorates 60th Anniversary

The Nigerian Exchange Group (NGX Group) Plc on Tuesday celebrated 60 years of its operations. The NGX Group Chairman, Otunba Abimbola Ogunbanjo, in a statement, paid tribute to the original subscribers to the articles of association. He named them as;....

August 24, 2021 No Responses

World’s 10 Largest Stock Exchanges Record $12trillion Flows In 2021 Half-Year

The stock market is building momentum and attracting more investors after recording historical dips in the previous year. Indeed, within the first half of 2021, leading global exchanges have witnessed their market capitalization grow by trillions o...

August 22, 2021 No Responses

FirstBank Boosts SMEs With N500,000

FirstBank of Nigeria on Sunday announced a N500,000 business grant to five Small and Medium Enterprises (SMEs), through its SMEConnect initiative aimed at boosting employment. Group Head, Retail Banking, Lagos Mainland 1, FirstBank, Mrs Oludolapo Adigun, li...

August 20, 2021 No Responses

SEC, CIS, Harp On Resilient Capital Market

The Securities and Exchange Commission has expressed the need for the capital market to be strengthened to accelerate domestic production and employment given the direct correlation between the increase in production and job creation. To achieve this...

August 19, 2021 No Responses

SEC Seeks Collaboration On Dispute Resolution In Capital Market

The Securities and Exchange Commission has expressed its readiness to collaborate with relevant Alternative Dispute Resolution professionals as a means to ensuring effective dispute resolution in the capital market. Director-General of the SEC, Mr. Lamid...

August 14, 2021 No Responses

SEC Partners SON, Others On Commodities Trading Standards, To Clampdown On Illegal Capital Market Operators

As part of measures to ensure standards for commodities trading in Nigeria, the Securities and Exchange Commission (SEC) has inaugurated a committee on agro-based standards. Speaking at the second post-Capital Market Committee (CMC) virtual...

August 14, 2021 No Responses

Unclaimed Dividends Hit N170b

The Securities and Exchange Commission (SEC) on Friday said the total unclaimed dividends in the Nigerian capital market stood at N170 billion as of December 2020. The Director-General, SEC, Mr Lamido Yuguda, said this at the second post-Capital Market C...

August 13, 2021 No Responses

Bankers Plan Digital Process For Forex Sales

The Bankers’ committee has concluded plans to digitise sales of Foreign Exchange (Forex) across the country. According to a member of the Bankers’ Committee Group, Mr. Segun Agbaje, who is the chief executive officer of Guaranty Trust Hold...