The Securities and Exchange Commission (SEC) has said that the Investments and Securities Act 2025 is a game changer that has the strong potential for stimulating growth for the Nigerian capital market and the economy. Director General of the SEC, Dr. Emomotimi Agama who stated this during an […]
Author: Business Nexus
ISA 2025: Ponzi Operators Risk 10 Year Jail Term, N20m Fine -SEC
Promoters and operators of any entity engaged in a prohibited scheme commits an offence and is liable on conviction to a penalty of not less than N20m or imprisonment to a term of 10 years or both. This is one of the provisions of the newly […]
CPPE Warns Against Nigeria’s Planned Solar Panel Ban
The Centre for the Promotion of Private Enterprise (CPPE) has cautioned the federal government against its proposed ban on the importation of solar panels, warning that such a policy could exacerbate Nigeria’s energy crisis and deter investment in renewable energy solutions. The warning follows a statement […]
Wema Bank Reports ₦102.51bn pretax profit
Wema Bank Plc has released its full 2024 financial results with a profit before tax of ₦102.51bn, representing an increase of 135 per cent over the ₦43.59bn recorded in the corresponding period in 2023. The Bank also proposed a dividend of N1.00 per share on the back of the […]
Fidelity Bank Records 210.0% Growth In PBT To N385.2bn …Declares a total dividend of N2.10 per share
Fidelity Bank Plc, released its 2024 full-year Audited Financial Statements, reporting a 210 per cent growth in Profit Before Tax to N385.2bn. According to the Bank’s results released on the Nigerian Exchange (NGX), Gross Earnings increased by 87.7 per cent to N1,043.4bn, driven by 106.9 per cent […]
Ecobank Group Reports $333m Profit After Tax In 2024
Ecobank Group Plc has announced its audited financial results for the 2024 fiscal year, reporting a 16 per cent increase in profit after tax (PAT) attributable to shareholders, reaching $333 million. This growth was driven by strong fee and commission income, operational efficiencies, reduced impairment charges on other […]
Zenith Bank Gross Earnings Hits N3.97 trillion in 2024
Zenith Bank Plc has announced its audited financial results for the year ended December 31, 2024, delivering significant growth across key performance indicators. The Bank’s impressive performance reflects effective management and pricing of its risk assets, as well as an optimized treasury portfolio, reinforcing its position as a leader in […]
Despite Growth, Poverty in Africa Rises to 468m – ECA Report
Poverty levels in Africa have continued to rise, despite economic growth projections, with the number of people living in extreme poverty increasing to an estimated 468m, according to the latest Economic Report on Africa (ERA) by the Economic Commission for Africa (ECA). The report forecasts a gradual […]
Zambian Vice President Nalumango Arrives Nigeria for Access Bank’s Women’s Conference
Zambia’s Vice President, Mutale Nalumango, arrives Nigeria today for an official visit to attend the 2025 International Women’s Day (IWD) Conference, organized by Access Bank. The highly anticipated event, scheduled for Friday, March 28, 2025 will bring together influential women leaders, policymakers, and advocates from across Africa and […]
Nigeria, OECD Partner On Economic Growth, Illicit Financial Flows
The Federal Ministry of Finance has forged a strategic alliance with the Organisation for Economic Co-operation and Development (OECD) to combat illicit financial flows and strengthen Nigeria’s economic growth framework. This collaboration marks a significant step in strengthening the country’s financial framework and reinforcing global partnerships for […]