The Chartered Institute of Stockbrokers (CIS) has inducted Dr. Ebenezer Onyeagwu, the Group Managing Director and Chief Executive Officer of Zenith Bank Plc, as an associate member. The induction took place at the Institute’s Council Chamber in Lagos. In a statement issued by the institute, Mr. Oluropo Dada, the […]
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Fiscal and monetary policy missteps under Tinubu escalated inflation and naira depreciation-Economists
Financial experts have assessed the fiscal and monetary policies implemented during President Tinubu’s first year in office, concluding that these measures have resulted in macroeconomic instability. Following his inauguration as the 16th President of Nigeria at Eagle Square, Abuja, President Bola Tinubu announced the removal of the fuel subsidy. […]
WFE’s CEO re-elected to 4th term as Vice Chair of IOSCO’s AMCC
The World Federation of Exchanges (WFE), the global industry association for exchanges and clearing houses has announced the re-election of its CEO, Nandini Sukumar, to the position of Vice Chair of the International Organization of Securities Commission’s (IOSCO) Affiliate Members’ Consultative Committee (AMCC). The AMCC comprises 68 IOSCO affiliate […]
MTN Group’s Q1 2024 service revenue dips 18.8% on MTN Nigeria challenges
MTN Nigeria grows subscriber base to 77.749 million in Q1’2024 to retain the largest market. MTN Nigeria’s subscriber base grew by 1.3% to 77.749 million in the first quarter ending March 2024 from 76.751 million reported in the corresponding period of 2023 to retain the largest market outside South Africa. […]
MRS Oil Sets N135 Per Share As Exit Consideration For Delisting
The Board of MRS Oil Nigeria Plc has said that as part of exit consideration from the Nigerian Exchange Limited (NGX), it will pay dissenting shareholders N135.00 per ordinary share of 50 kobo each. The Board stated this in its updated explanatory circular on the proposed voluntary delisting of issued […]
Berger Paints appoints Alaba Fagun as group managing director
The Board of Directors of Berger Paints Plc has appointed Mrs. Alaba Fagun as the Company’s Group Managing Director (GMD). This was contained in the company’s notice to the Nigerian Exchange Limited (NGX) and the investing public. Before the new appointment, Fagun currently is the Managing Director of the […]
Shareholders endorse FCMB’s NI50 billion capital raising
…. N9.901 billion dividend for 2023 Shareholders of Guaranty FCMB Plc at the 11th Annual General Meeting approved the company’s plan to establish a capital raising programme of N150 billion. The group will raise up to N150 billion or its equivalent in other currencies through the issuance of various […]
MTN Foundation announces 2024 annual scholarship for undergraduates
The MTN Foundation has announced the opening of applications for its 2024 Scholarship Programme for Nigerian undergraduates. The announcement was made available through a statement released by the management of MTN Nigeria to the press. The Foundation is committed to supporting Nigerian students in their academic pursuits and offers three […]
FMDQ attains LPI and CPD accreditation
FMDQ Academy, the financial markets education initiative of FMDQ Group Plc has announced the attainment of the Learning Provider’s Certification from the Learning and Performance Institute (LPI) and the CPD accreditation from CPD Certification Services (CPD UK). These accreditations recognise FMDQ Academy’s dedication to delivering quality learning experiences of and […]