The Securities and Exchange Commission (SEC) has issued a directive requiring all publicly-listed companies to publish their financial statements on their websites effective from January 2025. The Commission while issuing the directive in a Circular Thursday, warned that failure to comply with this directive would attract sanctions. According to the […]
Category: Financial Market
Financial Market
Seplat Energy Emerges Best In Social Impact/Human Capacity Development at SERAS
Seplat Energy Plc, a leading Nigerian independent energy company, has been named Best In Social Impact/Human Capacity Development at the Sustainability, Enterprise and Responsibility Awards (SERAS) Africa for 2024. The Company was announced as winner of the award at the 18th edition of the SERAS Africa held at the Oriental […]
NGX Group, SEC Deepen Global Partnerships Through Strategic Visit to India
Nigerian Exchange Group (NGX Group), in collaboration with the Securities and Exchange Commission (SEC) Nigeria, has taken a significant step toward enhancing global partnerships within the Nigerian capital market. This was achieved through high-level engagements with the National Stock Exchange (NSE) of India and key players in India’s financial ecosystem. […]
NAHCO targets group revenue of N300bn by 2029
The Nigerian Aviation Handling Company (NAHCO) Plc is targeting a total group revenue of N300 billion within the next five years. Dr Sola Obabori, the Group Executive Director, International Business & Corporate Services of NAHCO, stated this at the company’s bell ringing and Facts Behind the Figures’ at the Nigerian […]
Vibrant Capital Market Key to $1trn Economy- Agama
The Securities and Exchange Commission (SEC) has stressed the need for a vibrant capital market in achieving the Federal Government’s $1 trillion economy target. The Director-General of SEC, Dr Emomotimi Agama, said this at the 2024 SEC Journalists Academy held in Lagos, Tuesday. Agama spoke on the theme: “The Role […]
Nigeria’s Inflation Rises To 34.60% In November, Driven By Food, Core Price Increases
Nigeria’s inflation rate reached 34.60% in November 2024, marking a 0.72 percentage point increase from October’s 33.88%, according to the Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Monday. The figure represents a significant year-on-year rise of 6.40 percentage points compared to November 2023’s […]
Nigerian Breweries Secures SEC Approval For 20.7bn Share Allotment After Rights Issue …..Records 91.59% Subscription Rate
Nigerian Breweries Plc has announced that it has received clearance from the Securities and Exchange Commission (SEC) for the allotment of 20,706,894,542 ordinary shares of 50 Kobo each, priced at N26.50 per share, under its recently concluded Rights Issue. According to the statement, the Rights Issue recorded an impressive […]
Seplat Energy Plc Shares Re-Admitted To LSE After MPNU Acquisition
Seplat Energy Plc, Nigerian energy company with listings on both the Nigerian Exchange Limited and the London Stock Exchange (LSE), has announced the re-admission of its shares to trading on the LSE’s main market. This development follows the company’s completion of its acquisition of Mobil Producing Nigeria Unlimited, as […]
NB Plc Appoints Juliet Anammah As Board Chairman
The Board of Directors of Nigerian Breweries Plc has announced the appointment of Juliet Anammah as the substantive chairman. Her appointment becomes effective January 1, 2025. She succeeds Sijbe “Siep” Hiemstra, who has been acting as the board chairman in an interim capacity since the start of the year. […]
Access Holdings To Acquire 100% of South African Bidvest Limited
Access Holdings Plc has announced that its banking. subsidiary, Access Bank Plc, has entered into a binding agreement with South African-based Bidvest Group Limited for the acquisition of a 100 per cent equity stake in Bidvest Bank Limited. This was contained in the Group’s notice to the Nigerian Exchange Limited […]