The Board of VFD Group Plc has announced the appointment of Mr. Ibraheem Nahim Abe and Mr. Hubert Asamoah as Non-Executive Directors. Additionally, Mrs. Morenike Ominike has been appointed as the Executive Director of Operations. This announcement was made in a notice to the Nigerian Exchange Limited and the investing […]
Category: Capital Market
Capital Market
BREAKING NEWS: NGX Group confirms Jude Chiemeka as CEO of its flagship subsidiary NGX Limited
Nigerian Exchange Group Plc (NGX Group) has announced the appointment of Mr. Jude Chiemeka as the substantial Chief Executive Officer of Nigerian Exchange Limited, its operating exchange subsidiary. According the group’s notice to the Exchange obtained, the appointment was effective from July 1, 2024, following the Securities and Exchange Commission […]
Nigerian capital market primed to support bank recapitalization initiatives
The Nigerian capital market is strategically positioned to drive the ongoing bank recapitalization exercise, leveraging advanced technology to facilitate the capital-raising efforts mandated by the Central Bank of Nigeria’s new requirements. Nigerian Exchange Group Plc (NGX Group) and its subsidiaries are spearheading this initiative, working in close collaboration with the […]
Access Holdings launches N351 billion rights issue for capital enhancement
Access Holdings Plc has held a formal signing ceremony as part of the arrangements to raise a total of N351 billion by way of a rights issue to existing shareholders. The offer is part of the group’s strategy to enhance its working capital requirements, which includes organic growth funding for […]
Innovative instruments key to development- SEC DG
Director General of the Securities and Exchange Commission, Dr. Emomotimi Agama has posited that innovative financial instruments can unlock new opportunities, foster growth, and address pressing socio-economic challenges. The SEC DG who stated this in an interview weekend, said that achieving sustainable development through the revolutionisation of the Nigerian capital […]
FG scores SEC, others high on reforms
The Securities and Exchange Commission has emerged as one of the top scorers in the Federal Government’s Regulatory Reform Action Plan, which is targeted at promoting ease of doing business. The plan, which is championed by the Presidential Enabling Business Environment Council (PEBEC) is targeted at equipping regulatory agencies that […]
Nigeria’s cryptocurrency market worth over $400m – SEC
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 […]
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 […]