MTN Nigeria Communications PLC (MTN Nigeria) has raised N75.18bn through its Series 11 and 12 Commercial Paper (CP) issuance, significantly exceeding its initial target of N50bn. This was contained in the company’s notice to the Nigerian Exchange Limited seen by Business Nexus. The issuance, conducted under the company’s […]
Category: Capital Market
Capital Market
FBN Holdings Shareholders Approve N14bn Dividend …Endorses Oyedeji As New GMD
The shareholders of FBN Holdings have unanimously approved a total of N14.4bn as dividend for the financial year ended Dec. 31, 2023. They gave the approval at the company’s 12th Annual General Meeting which was conducted virtually on Thursday. The approved dividend translated to 40k per share. […]
Bola Onadele, FMDQ pioneer MD to retire in 2025
The pioneer Chief Executive Officer of FMDQ Group Plc, Mr Bola Onadele, is set to retire from the group in 2025 after 11 years of exceptional achievements and outstanding strides. This is contained in a statement issued by FMDQ Group on Tuesday in Lagos. The statement said that effective Dec. […]
SEC to strengthen venture capitalist, private equity regulations for efficiency
The Securities and Exchange Commission (SEC) has stressed the need for a resilient economy anchored by ability to turn domestic savings into investments to stimulate economic growth. The Securities and Exchange Commission (SEC) says it will bloster regulatory framework for venture capital and private equity firms by enhancing their operational […]
Access Bank UK Expands Footprint With New Hong Kong Branch …Becomes First W’African Bank In Asian Country
The Access Bank UK Limited has announced the official opening of its Hong Kong branch (a restricted licence bank) today. This expansion represents a key milestone in the bank’s global growth strategy and underscores our commitment to serving clients in the Asia-Pacific region. The launch of the Hong Kong […]
UN Deputy Secretary-General Says Nigeria Requires $10bn Annually To Reach SDGs Goals ….. To Partner with MTN Foundation
United Nations Deputy Secretary-General Amina Mohammed has called on private sector organizations to increase their investment in social development to help achieve the United Nations’ Sustainable Development Goals (SDGs). Speaking virtually at the MTN Foundation’s 20th anniversary celebration, Mohammed emphasized that the resources needed to accomplish the UN’s 2030 […]
SEC Urges Stockbrokers To Drive $1trn Economy Vision Through Capital Market Innovation
Director General of the Securities and Exchange Commission Dr. Emomotimi Agama has charged Stockbrokers’s and other capital market stakeholders to harness the full potential of the capital market to drive the $1trn economy vision that will achieve a prosperous and sustainable future. Agama gave the charge at the 28th […]
NAICOM Appoints Interim Management/Board For African Alliance Insurance
Following the dissolution of the African Alliance Insurance Plc’s former board and management team, the National Insurance Commission (NAICOM) has appointed an Interim Management Board (IMB) to oversee operations. This was contained in the African Alliance Insurance Plc’s notice to the Nigerian Exchange Limited seen by the WHISTLER. The IMB […]
FBN Holdings targets N730bn capital base by Q1, 25
The Group Managing Director, FBN Holdings Plc, Mr Nnamdi Okonkwo, has assured its shareholders that the company will attain a N730 billion capital base by the first quarter of 2025. Okonkwo gave the assurance at the the Group’s ‘Facts Behind the Rights Issue” presentation at the Nigerian Exchange in […]
SEC To Infuse Cybersecurity, AI, Others In Nigeria University Curriculum
In a bid to fostering a robust and comprehensive capital market education for Nigerian universities, the Securities and Exchange Commission has taken steps to better align the curriculum to include Cyber Security, Artificial Intelligence and advanced crypto among others in line with current market trends. Director General of the […]