The Securities and Exchange Commission has granted two Digital Assets Exchanges “Approval-in-Principle” to commence operation under the Accelerated Regulatory Incubation Program, ARIP. The companies granted approval are Busha Digital Limited, Quidax Technologies Limited. Disclosing this in a statement in Abuja Thursday, the Commission said the cohort comprises of two Digital Asset Exchanges, four Digital asset Offering Platforms and […]
Category: Capital Market
Capital Market
Nigerian Breweries undertakes N599.1bn Rights Issue After Regulators’ Approval
Following the approval received from its shareholders in April 2024, Nigerian Breweries has said it now obtained clearance for the relevant documents from the Securities and Exchange Commission and NGX Regulation Limited. The Company intends to raise N599.1bn through a Rights Issue. A total of 22.61bn Ordinary Shares […]
LCFE, Commodities Brokers Applaud FG, CBN On Food Importation Directive
Lagos Commodities and Futures Exchange (LCFE) and top commodities brokers have commended the Federal Government and Central Bank of Nigeria (CBN), for the recent directive, mandating companies to channel the importation of basic food items through commodities exchanges. The new directive, which is expected to enhance price discovery, reduce […]
FBN Holdings Plc Reschedules 12th Annual General Meeting
FBN Holdings Plc has announced the postponement of its 12th Annual General Meeting (AGM), initially scheduled to be held virtually on August 22, 2024. The meeting has now been rescheduled for Tuesday, September 3, 2024. This change was disclosed in a notice sent by the company to the Nigerian […]
$1 trillion economy: SEC reiterates commitment to attract new listings
The new management of the Securities and Exchange Commission (SEC) has rolled out new initiatives to drive activities in Nigeria’s capital market to align with the Federal Government one trillion dollar economy target. The SEC Director-General, Dr Emomotimi Agama, said this at his first post-Capital Market Committee (CMC) press briefing […]
Nestle Nigeria repackages Golden Morn
Nestle Nigeria Plc, producers of Golden Morn and other beverages, has unveiled a new eco-friendly Golden Morn to enhanced economic growth and development. The Managing Director of Nestle, Wassim Elhusseini, said this at the “Rebirth of the King of Breakfast” event in Lagos. Elhusseini was represented at the […]
FBN Holdings Engages Solicitors To Defend Against Barbican Capital Suit
FBN Holdings Plc has disclosed that it has engaged its solicitors to defend the interest of the company against the lawsuit filed against it by Barbican Capital Limited. This was contained in a statement by the company. The HoldCO acknowledges the recent media coverage concerning the lawsuit filed […]
Zenith Bank’s N290 Billion offer to strengthen international presence
The Group Managing Director/Chief Executive Officer of Zenith Bank Plc, Dr Adaora Umeoji, has urged the investing public to invest in its ongoing N290 billion hybrid offer for global growth. Umeoji said this at the bank’s Facts Behind the Offer at the Nigerian Exchange Limited (NGX) on Monday in Lagos. […]
Custodian Investment Plc Declares Interim Dividend of 15 Kobo for H1 2024
Shareholders of Custodian Investment Plc will receive an interim dividend of 15 kobo for the half year ended June 2024. This announcement was made in the company’s updated corporate action notice to the Nigerian Exchange Limited (NGX). The dividend, subject to appropriate withholding tax, will be paid to […]
Dangote Cement Grows Half-Year Revenue By 139.9%
Dangote Cement Plc recorded an increase in revenue from Pan-African operations by 139.9 per cent, growing to N807.1bn as against N336.4bn, reported in the corresponding period of 2023. The cement plant also reported a 10.9 per cent increase in the Nigerian market which rose from 8.0Mt to 9.0Mt in the […]