The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has called on the newly appointed board of the Securities and Exchange Commission (SEC) to embrace innovation to effectively regulate a dynamic capital market. Speaking during the board’s inauguration in Abuja on Monday, Edun expressed his enthusiasm […]
Category: Financial Market
Financial Market
GTCO unveils N400.5 billion public offer to fuel international growth and innovation
Guaranty Trust Holding Company Plc (GTCO) has unveiled plans for a substantial N400.5 billion capital raise through a public offer, aimed at fortifying its financial foundation and expanding its global presence. The announcement, made during the “Facts Behind the Offer Presentation,” featured insights from GTCO’s Group Managing Director, Mr. Segun […]
VFD Group Plc announces key board appointments and resignation
The Board of VFD Group Plc has announced the appointment of Mr. Ibraheem Nahim Abe and Mr. Hubert Asamoah as Non-Executive Directors. Additionally, Mrs. Morenike Ominike has been appointed as the Executive Director of Operations. This announcement was made in a notice to the Nigerian Exchange Limited and the investing […]
Tier-1 banks report 2024: Access Holdings leads in PBSI ranking
In recognition of its outstanding performance, Access Holdings PLC has been named the leading Tier-1 Bank in the 2024 Proshare Bank Strength Index (PBSI) report. The PBSI, which evaluates banks based on a comprehensive set of financial metrics derived from audited financial statements for the Financial Year 2023, underscores Access […]
BREAKING NEWS: NGX Group confirms Jude Chiemeka as CEO of its flagship subsidiary NGX Limited
Nigerian Exchange Group Plc (NGX Group) has announced the appointment of Mr. Jude Chiemeka as the substantial Chief Executive Officer of Nigerian Exchange Limited, its operating exchange subsidiary. According the group’s notice to the Exchange obtained, the appointment was effective from July 1, 2024, following the Securities and Exchange Commission […]
Nigerian capital market primed to support bank recapitalization initiatives
The Nigerian capital market is strategically positioned to drive the ongoing bank recapitalization exercise, leveraging advanced technology to facilitate the capital-raising efforts mandated by the Central Bank of Nigeria’s new requirements. Nigerian Exchange Group Plc (NGX Group) and its subsidiaries are spearheading this initiative, working in close collaboration with the […]
Access Holdings launches N351 billion rights issue for capital enhancement
Access Holdings Plc has held a formal signing ceremony as part of the arrangements to raise a total of N351 billion by way of a rights issue to existing shareholders. The offer is part of the group’s strategy to enhance its working capital requirements, which includes organic growth funding for […]
Innovative instruments key to development- SEC DG
Director General of the Securities and Exchange Commission, Dr. Emomotimi Agama has posited that innovative financial instruments can unlock new opportunities, foster growth, and address pressing socio-economic challenges. The SEC DG who stated this in an interview weekend, said that achieving sustainable development through the revolutionisation of the Nigerian capital […]
FG scores SEC, others high on reforms
The Securities and Exchange Commission has emerged as one of the top scorers in the Federal Government’s Regulatory Reform Action Plan, which is targeted at promoting ease of doing business. The plan, which is championed by the Presidential Enabling Business Environment Council (PEBEC) is targeted at equipping regulatory agencies that […]
Financial expert urges overhaul of Nigeria’s economic policies amid rising debt
A financial expert and Chief Executive of CFG Advisory, Mr. Tilewa Adebayo, has called for urgent remedial legislation and a comprehensive overhaul of Nigeria’s trade, industrialization, and investment policies. He emphasized the necessity of eliminating wasteful subsidies to address the country’s mounting economic challenges. This call to action follows Nigeria’s […]