L-R: Akinbola Akintola of Pension Fund Operators Association of Nigeria (PenOp): Yemi Ajagun; Executive Director and Chief Operating Officer, CFA Society Nigeria,; Oludare Moses-Adenkan; Chief Operating Officer, Fund Managers Association of Nigeria (FMAN), Olumuyiwa Adeyemi; Council Member, Association of Securities Dealing Houses of Nigeria (ASHON), Babatunde Adewolu […]
Category: Financial Market
Financial Market
CSCS Appoints Bola Adesola, Aisha Muhammed-Oyebode as Directors
Central Securities Clearing System (CSCS) Plc, Nigeria’s Central Securities Depository (CSD) has announced the appointment of Bola Adesola and Aisha Muhammed-Oyebode to its Board of Directors. This was contained in the company’s statement. According to the company, the appointments reflect CSCS’s commitment to strengthening its leadership with highly […]
FMN To Buy Out Minority Shareholders After Regulatory Approval
Flour Mills of Nigeria Plc (FMN), one of Nigeria’s largest food and agro-allied companies, has announced plans to acquire all shares held by its minority shareholders following the receipt of necessary regulatory approvals. In a statement issued to the Nigerian Exchange Limited (NGX), the company disclosed that its majority […]
CBN’s Latest Rate Hike to Strain Businesses and Impact Market Sentiment, Experts Warn
Several financial analysts have voiced concerns regarding the Central Bank of Nigeria’s (CBN) recent decision to raise the Monetary Policy Rate (MPR) by 50 basis points, despite emerging signs of economic improvement. In an interview, the analysts warned that this rate hike could elevate borrowing costs, create additional pressure on […]
Access Bank’s Contributions in Africa’s Transition to a Low Carbon Economy
Africa is facing a growing challenge of managing its waste and natural resources in a sustainable way. The current traditional linear economic model, characterized by a “take, make, dispose” pattern that is extracting, consuming, and disposing of materials, is inefficient, wasteful, and harmful to the environment and human health. According […]
NASD Targets Sustainable Profitability, Dividend Payout To Shareholders
The Chairman of Nigeria’s Over-the-Counter (OTC) Exchange, National Association of Securities Dealers (NASD) Plc, Mr. Kayode Falowo, at the company’s 11th Annual General Meeting (AGM) in Lagos stated that the board and management had taken steps to address the concerns expressed by the shareholders on improving financial performance and […]
Stockbrokers Laud Ellah Lakes’ Investment In Palm Plantation, Livestock
Stockbrokers have commended the management of Ellah Lakes Plc for its investment in palm plantation and livestock, following a recent visit to the company’s facilities in Iguelaba Community, Edo State. A delegation of stockbrokers, led by the Managing Director, Atlas Portfolio, Muyiwa Adeyemi, visited Ellah Lakes Plc’s plantation in […]
Access Holdings Reports N2.2trn Gross Revenue In Half Year 2024
Access Holdings has released its interim consolidated and separate financial report for the half year ended June 30, 2024. The report showed that the bank grew its gross revenue by 133.5 per cent in six months to N2.2trn from N940bn during the comparable period of last year. […]
Jaiz Bank Wins 2024 Global Most Promising Islamic Bank Award
By Prosper Ndubuisi Jaiz Bank, Nigeria’s non-interest bank, has emerged the global most promising Islamic bank in 2024. The Global Islamic Finance Awards (GIFA) yesterday announced Jaiz Bank the overall winner in this category over two other nominees of equal pedigrees, during the Global Islamic Finance Summit (GIFS) […]
Stanbic IBTC Bank splashes N28m on customers in 3.0 grand finale
Stanbic IBTC Bank has honoured 84 of its customers with N28m in the just concluded Reward4Savings Promo 3.0. This prestigious event took place at the iconic Stanbic IBTC Towers on Walter Carrington Crescent, Victoria Island, Lagos; marking the end of a nationwide initiative to promote a strong savings culture […]