The Securities and Exchange Commission (SEC) has emphasised that protecting investors remains a cornerstone of its mission assuring that the Commission will intensify efforts to stamp out Ponzi and pyramid schemes while paving the way for legitimate investment opportunities to thrive in 2025. Director General of the SEC, Dr. Emomotimi […]
Category: Capital Market
Capital Market
Guinness Nigeria, Sterling Holding Company, Two Others Exits NGX 30 Index
The Nigerian Exchange Limited (NGX) has unveiled the results of its full-year market index review, leading to significant changes in its NGX 30 Index and other market indices. The updates, effective from (Today) Thursday, January 2, 2025, mark key developments for listed companies across various sectors. Conoil […]
Nigerian Breweries Plc Lists 20.7bn New Shares After Rights Issue
Nigerian Breweries Plc has announced the successful listing of 20,706,894,542 new ordinary shares of 50 Kobo each on the Nigerian Exchange Limited (NGX). This development follows the company’s recently concluded Rights Issue of 22,607,491,232 ordinary shares at N26.50 per share. This was contained in the company’s notice […]
NGX Bucks 2015 to 2019 Trend, Thrives in Roaring 20s … ASI closes 2024 at +37.65%
Nigerian Exchange Limited (NGX) has marked a remarkable turnaround, breaking away from the poor performance of the 2015–2019 period to thrive in the 2020s. Following the oil price crash in 2015 and the ensuing recession in 2016, the 2020s have ushered in a period of unprecedented growth for Nigeria’s stock […]
Ardova Plc Agrees Bulk Purchase Framework With Dangote Refinery
Ardova Plc, one of Nigeria’s major integrated downstream oil and gas businesses has agreed to a bulk purchase framework with Dangote Refinery. According to a statement from the company made available to newsmen, this framework will see Ardova Plc offtake a full slate of petroleum products from the […]
FCMB Group Completes Public Offer, Raises N147.51bn with 33% oversubscription.
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 […]
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, […]