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 […]
Category: Capital Market
Capital Market
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 […]
Senate confirms Agama as SEC DG
The Senate has confirmed Dr. Emomotimi Agama as the director-general of the Securities and Exchange Commission (SEC). The Senate also approved the nomination of Frana Chukwuogor as Executive Commissioner (Legal and Enforcement). Mr. Bola Ajomale as the Executive Commissioner (Operations) and Mrs. Samiya Usman as the Executive Commissioner (Corporate Services). […]
Unilever Nigeria Appoints Bolaji Balogun As Chairman
The Board of Directors of Unilever Nigeria Plc has appointed Mr. Bolaji Balogun as an Independent Non-Executive Director and Chairman of the Board of the company. According to the company’s notice to the Nigerian Exchange Limited (NGX) and the investment public, the appointment is with effect from 16th May 2024. […]
Wema Bank shareholders approve N200 billion capital raise
….50 kobo dividend Shareholders of Wema Bank Plc, one of the nation’s oldest commercial banks have approved the Bank’s quest to raise N200 billion in capital at the group’s annual general meeting (AGM) held electronically today. Also, the shareholders endorsed the management’s 50 kobo per share dividend payouts for […]
Shareholders endorse FCMB’s NI50 billion capital raising
…. N9.901 billion dividend for 2023 Shareholders of Guaranty FCMB Plc at the 11th Annual General Meeting approved the company’s plan to establish a capital raising programme of N150 billion. The group will raise up to N150 billion or its equivalent in other currencies through the issuance of various […]