First HoldCo Group had a great outing at the Nairametrics Capital Market Choice Awards ceremony which was held last Friday at the Civic Centre, Victoria Island, Lagos. The harvest of awards started with the Group Chairman of the Holding Company, Mr. Femi Otedola, CON, blazing the trail by being honoured […]
Category: Money Market
Money Market
United Capital Asset Management unveils investment fund for children
United Capital Asset Management (UCAML), a leading asset management company and subsidiary of United Capital Group, has launched its latest mutual fund – The Children Investment Fund to shape the financial future of the next generation and to boost financial literacy. The Children Investment Fund is a naira-denominated, open-ended […]
EAAIF Completes $325m Debt Raise To Accelerate Investments in Africa, Asia
The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company managed by Ninety One, has raised $325m in new debt facilities, bringing recent commitments to $620m and exceeding the Fund’s $500m target ahead of schedule. The debt raise cements EAAIF’s position as the […]
LCCI Advocates Forward-guided, Data-Driven Approach To Monetary Easing
The Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to pursue a forward-guided, data-driven approach to monetary easing, warning that a premature reduction in interest rates could destabilize investor confidence and threaten macroeconomic recovery. The Chamber’s reaction followed the Central […]
SEC Approved ₦3.68trn in New Issues in 2024 – Agama ……….Says ₦446.38bn Approved in Q1 2025 as Market Activity Sustains Momentum
The Securities and Exchange Commission (SEC) approved a total of ₦3.68trn in new issues in 2024, signaling robust investor confidence and strong momentum in Nigeria’s capital market, according to the Director General of the SEC, Dr. Emomotimi Agama. Speaking at the 1st Capital Market Committee (CMC) Meeting of […]
Nigeria’s Inflation Rate Eases to 23.71% in April 2025
Nigeria’s headline inflation rate declined to 23.71% in April 2025, down from 24.23% in March, according to data released on Thursday by the National Bureau of Statistics (NBS). The figure represents a modest decline of 0.52 percentage points, offering some relief amid ongoing economic challenges and a high cost […]
DMO Offers N350bn FGN Bonds for Auction
The Debt Management Office (DMO) has announced plans to re-open two Federal Government of Nigeria (FGN) bonds worth N350 billion for public auction, scheduled for April 28, 2025, with settlement on April 30, 2025. The offer, which forms part of the federal government’s domestic borrowing strategy, will […]
Nigeria’s Currency in Circulation Falls ₦240bn in Q1’2025
Nigeria’s currency in circulation (CIC) declined by ₦240bn in the first quarter of 2025, according to newly released data from the Central Bank of Nigeria (CBN), reflecting a 4.58 per cent contraction over the three-month period. The report, published by the apex bank, shows that the total currency […]
Fidelity Bank Named Nigeria’s Best Private Bank At Euromoney Awards
Fidelity Bank Plc has been named “Nigeria’s Best Private Bank” at the Euromoney Awards 2025. The recognition was formally unveiled at the awards ceremony held recently at The Savoy in London. The Euromoney Awards for Excellence are prestigious annual honors and a benchmark for excellence in […]
CBEX Not Registered By Us, Say SEC … Reminds Public To Always Verify Registration Status
The Securities and Exchange Commission has stated that Crypto Bridge Exchange also known as CBEX was not granted registration by the Commission at any time to operate as a Digital Assets Exchange. In a Circular dated April 17, 2025, the Commission stated that its attention has been […]