The Securities and Exchange Commission has expressed its readiness to improve the regulatory framework as it regards borrowing by governments and corporates. Director General of the Commission, Dr. Emomotimi Agama who disclosed this during an interview, said this has become important given the critical role borrowing plays in the […]
Category: Financial Market
Financial Market
GTCO PLC Raises ₦209 Billion in Equity Capital, Paves Way for Strategic Growth
Guaranty Trust Holding Company Plc (GTCO) has announced the successful completion of the first tranche of its equity capital raise programme, securing N209.41bn. The milestone follows the approval of the Basis of Allotment by the Securities and Exchange Commission (SEC) and the conclusion of a capital verification exercise by […]
2025: SEC to Intensify Crackdown on Ponzi Schemes …. Develop Commodities Market
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 […]
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 […]
Polaris Bank, Partners Support 16,000 Students To Reduce Out-Of-School Children In Nigeria
Polaris Bank, in partnership with key stakeholders, has reaffirmed its commitment to combating the alarming rate of out-of-school children in Nigeria. Through its targeted interventions, the Bank has ensured continuous education for over 15,000 students, providing them with the opportunity to learn, thrive, and contribute to a better future. […]
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 […]