The Director General of the Security and Exchange Commission (SEC) Emomotimi Agama, has said that Nigeria’s cryptocurrency market is estimated to be worth over $400 million, with a significant portion of the population involved in cryptocurrency trading and transactions. Speaking at the 2024 Annual Conference of the Association of Capital […]
Category: Capital Market
Capital Market
Shareholders of CAP Plc approve N1.55 dividend for 2023
The Board of United Capital Plc will review the Company’s Unaudited Financial Statements for the quarter ending June 30, 2024, along with a consideration for an interim dividend and bonus issuance during its upcoming board meeting. This information was disclosed in a notice regarding the Company’s Q2 2024 board meeting […]
Market operators give reasons why investors should buy Fidelity Bank’s offers
Fidelity Bank Plc has commenced its N127.1 billion combined rights and public offers, receiving enthusiastic support from the investing public. Key capital market stakeholders highlighted the bank’s impressive growth and investor-friendly policies over the years as reasons for their strong endorsement. The Nigerian Exchange (NGX), stockbrokers, investors, and customers have […]
CIS urges full tech integration in every stage of bank recapitalization process
Chartered Institute of Stockbrokers (CIS) has called on the Central Bank of Nigeria (CBN) and capital market regulators to ensure a wholesome adoption of technology in every stage of the recapitalization process of the banking sector. The 13th President and Chairman of the Governing Council of Chartered Institute of Stockbrokers […]
SEC issues framework on banking sector recapitalisation
The Securities and Exchange Commission has released its Framework on Banking Sector Capitalisation Programme, 2024. The framework which was released on the Commission’s website Friday serves as a comprehensive guide for Banks/Holding Companies and market participants to navigate the recapitalisation programme effectively. The move is driven by the recent directive […]
Fidelity Bank launches N127.10 billion fundraising to enhance market and international reach
The Managing Director and CEO of Fidelity Bank Plc, Nneka Onyeali-Ikpe, has announced that the bank’s N127.10 billion capital-raising initiative is poised to strengthen its market position and expand its international presence. Speaking at the “N127.10 billion Public Offer and Rights Issue: Facts Behind the Combined Offer” event held at […]
Shareholders of UAC Nigeria endorse N644 million dividend for 2023
Shareholders of UAC Nigeria Plc have endorsed the recommendation of the Board of Directors for a dividend of N644 million for the financial year 2023. The shareholders gave the approval at the company’s Annual General Meeting (AGM) held in Lagos. The dividend was ratified by the shareholders and amounted to […]
BREAKING: FBN Holdings Plc announces Olusegun Alebiosu as Managing Director/CEO of FirstBank …..Ini Ebong as Deputy Managing Director, Alao Olatunde-Olaifa as Non-Executive Director
The Board of Directors of FBN Holdings Plc has confirmed the appointment of Mr. Olusegun Alebiosu as the substantive Managing Director/Chief Executive Officer of its subsidiary, FirstBank Nigeria Limited. Before this confirmation, Mr. Alebiosu served as the bank’s Acting Chief Executive Officer. This development follows the resignation of Dr. Adesola […]
Investing in Davido coin highly risky -SEC
The Securities and Exchange Commission (SEC) has warned that investing in meme coins, including $Davido, is highly risky and should be done with a full understanding of the associated risk. The SEC stated this in a statement made available to the newsmen. According to the Commission in a Circular dated […]
Caverton names Akin Kekere-Ekun and Bello Gwandu as chairmen of its subsidiaries ….Adedeji Adeola as group CFO
The Board of Caverton Marine Limited and Caverton Helicopters Limited, both subsidiaries of Caverton Offshore Support Group Plc, has announced the appointment of Mr. Akin Kekere-Ekun and Mallam Bello Gwandu as Chairmen of their respective companies. This information was disclosed in the group’s notice to the Nigerian Exchange Limited […]