From left; Executive Commissioner Operations, SEC;Mr. Bola Ajomale;Managing Director, AFEX Investment Limited;AFEX Samirah Ade-adebiyi; and Vice President, Financial Market,AFEX; Oluwafunto Olusemo at the Opening Ceremony of the World Investor Week 2024 on Wednesday. The Securities and Exchange Commission (SEC) says it […]
Category: Capital Market
Capital Market
NGX Group Applauds German Government, DEG for Commitment to Sustainability … to Collaboration on Climate Action in Nigeria
Nigerian Exchange Group Plc (NGX Group) has lauded the German Government and its development finance institution, Deutsche Investitions- und Entwicklungsgesellschaft (DEG), a subsidiary of KfW Bank, for their unwavering commitment to advancing impact investing in Nigeria. This comes as NGX Group looks to strengthen partnerships aimed at fostering sustainable […]
Stockbrokers Chart Pathway For $1trn Economy
Worried by the inclement operating environment in Nigeria, the Chartered Institute of Stockbrokers (CIS) is set to leverage its members’ strong financial background to identify strategies by which the Nigerian Federal Government can grow the economy to its $1.0 trillion target. Besides, the Institute’s plan to showcase innovative solutions […]
GTCO: CBN Responds to attempts to misinform the banking public and reasserts its role as Apex banking authority
In a strong support for GTCO and move to debunk false allegations being levelled against the GTCO and its Executive Management by faceless and unqualified entities using the media, the Central Bank of Nigeria (CBN), issued a Press Release today reassuring the public that their deposits with Nigerian Banks are […]
GM To Reassure Investors On EV Demand, Project Profit Growth By 2025
General Motors (GM) will reassure investors during its upcoming investor day that concerns over slowing demand for electric vehicles (EVs) are overstated, and the U.S. automaker remains optimistic about the potential for improved profitability by 2025, according to sources familiar with the company’s plans. This message marks a notable […]
SEC, NGX, JSE Strengthen Ties To Boost African Capital Markets
The Nigerian Securities and Exchange Commission (SEC), the Nigerian Exchange Group (NGX), and the Johannesburg Stock Exchange (JSE) have formed a strategic partnership focused on governance, market development, and sustainability initiatives. In a statement shared with Business Nexus, it was announced that a delegation from NGX Group Plc, led […]
Oando Links Delay In Completion Of 2023 Financial Audit To Acquisition of NAOC
Oando Plc has attributed the further delay in the completion of its 2023 financial audit to the recent acquisition of Nigerian Agip Oil Company (NAOC) which was completed on August 22, 2024. According the notice to the Nigerian Exchange Limited, the company noted that the auditors are required to […]
CSCS Appoints Bola Adesola, Aisha Muhammed-Oyebode as Directors
Central Securities Clearing System (CSCS) Plc, Nigeria’s Central Securities Depository (CSD) has announced the appointment of Bola Adesola and Aisha Muhammed-Oyebode to its Board of Directors. This was contained in the company’s statement. According to the company, the appointments reflect CSCS’s commitment to strengthening its leadership with highly […]
FMN To Buy Out Minority Shareholders After Regulatory Approval
Flour Mills of Nigeria Plc (FMN), one of Nigeria’s largest food and agro-allied companies, has announced plans to acquire all shares held by its minority shareholders following the receipt of necessary regulatory approvals. In a statement issued to the Nigerian Exchange Limited (NGX), the company disclosed that its majority […]
NASD Targets Sustainable Profitability, Dividend Payout To Shareholders
The Chairman of Nigeria’s Over-the-Counter (OTC) Exchange, National Association of Securities Dealers (NASD) Plc, Mr. Kayode Falowo, at the company’s 11th Annual General Meeting (AGM) in Lagos stated that the board and management had taken steps to address the concerns expressed by the shareholders on improving financial performance and […]