FCMB Group Plc has announced the successful completion of its public offer, following the approvals of the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (S. The Group noted that the offer was oversubscribed by 33 per cent, attracting 42,800 investors with 92 per cent subscribing […]
Category: Capital Market
Capital Market
Innovation Key to Commodities Development in Nigeria, says SEC DG
The Securities and Exchange Commission has said it is committed to promoting innovation, and fostering collaboration to position commodities exchanges as vital drivers of economic growth, job creation, poverty alleviation and engines of national development. The Director General of the SEC, Dr. Emomotimi Agama, who stated this while speaking […]
Vitafoam To Pay N1. 38bn Dividend As Net Asset Hits N25bn
Vitafoam Nigeria Plc has proposed a dividend of N1.05 per share, amounting to N1.375bn for approval by shareholders at its 63rd Annual General Meeting (AGM), scheduled for 6th March, 2025 in Lagos. The Group’s Net Asset, a performance indicator of corporate growth, rose to N25bn in 2024 from N17bn in […]
Cadbury Loses Royal Warrant After 170 Years
Chocolate maker Cadbury has been dropped from the list of royal warrants for the first time in 170 years. The Birmingham-based chocolatier was awarded its first royal warrant as chocolate and cocoa manufacturers by Queen Victoria in 1854, but it has lost its royal endorsement under King Charles. […]
Nigerian SEC Aims to Balance Innovation and Investor Protection in Fintech
The Securities and Exchange Commission (SEC) has assured stakeholders in the fintech space that the Commission is committed to ensuring transparency and integrity in the regulation of the space. The Commission said it has provided a level playing field to all applicants. The Director General of the SEC, […]
Yuletide: Ecobank Warns Customers To remain Vigilant Against Fraudsters ….Assures Customers Of Consistent Digital Banking Access
As Nigerians prepare for the year-end festivities, Ecobank Nigeria has cautioned its customers to remain vigilant against fraudsters throughout the holiday season. The Bank also guaranteed customers uninterrupted access to banking services through its digital during this time. Head of Consumer Banking at Ecobank Nigeria, Mrs. Adeola Ogunyemi, […]
Committee Of Banks In Nigeria Donates Multimillion Naira Relief Materials To Jigawa Flood Victims
The Committee of Banks in Nigeria on Thursday lifted the victims of the recent flooding in some parts of Jigawa State with a solidarity visit to Dutse, the state capital, during which they made donation of assorted items of relief materials to the State Government as part of their own […]
Publish Periodic Returns on Your websites- SEC Charges Public Companies
The Securities and Exchange Commission (SEC) has issued a directive requiring all publicly-listed companies to publish their financial statements on their websites effective from January 2025. The Commission while issuing the directive in a Circular Thursday, warned that failure to comply with this directive would attract sanctions. According to the […]
Seplat Energy Emerges Best In Social Impact/Human Capacity Development at SERAS
Seplat Energy Plc, a leading Nigerian independent energy company, has been named Best In Social Impact/Human Capacity Development at the Sustainability, Enterprise and Responsibility Awards (SERAS) Africa for 2024. The Company was announced as winner of the award at the 18th edition of the SERAS Africa held at the Oriental […]
NGX Group, SEC Deepen Global Partnerships Through Strategic Visit to India
Nigerian Exchange Group (NGX Group), in collaboration with the Securities and Exchange Commission (SEC) Nigeria, has taken a significant step toward enhancing global partnerships within the Nigerian capital market. This was achieved through high-level engagements with the National Stock Exchange (NSE) of India and key players in India’s financial ecosystem. […]