The Securities and Exchange Commission (SEC) has warned that investing in meme coins, including $Davido, is highly risky and should be done with a full understanding of the associated risk. The SEC stated this in a statement made available to the newsmen. According to the Commission in a Circular dated […]
Category: Financial Market
Financial Market
Money lenders commend FCCPC for tackling unethical practices in digital lending
The Money Lenders Association has lauded the Federal Competition and Consumer Protection Commission (FCCPC) for its ongoing efforts to regulate the digital lending sector in Nigeria, describing it as a positive development. The Chairman of the Association, Mr. Gbemi Adelekan, in an interview highlighted that the FCCPC’s actions have contributed […]
SEC approves Nigeria’s first naira-denominated private debt fund
The Securities and Exchange Commission (SEC) has approved the FCMB-TLG Private Debt Fund, Nigeria’s first Naira-denominated Private Debt Fund. The group in a statement said the FCMB-TLG Private Debt Fund targets Qualified Institutional Investors (QIIs) and high-net-worth individuals (HNIs). Established in May 2024 and sponsored and managed by FCMB […]
Caverton names Akin Kekere-Ekun and Bello Gwandu as chairmen of its subsidiaries ….Adedeji Adeola as group CFO
The Board of Caverton Marine Limited and Caverton Helicopters Limited, both subsidiaries of Caverton Offshore Support Group Plc, has announced the appointment of Mr. Akin Kekere-Ekun and Mallam Bello Gwandu as Chairmen of their respective companies. This information was disclosed in the group’s notice to the Nigerian Exchange Limited […]
Senate confirms Agama as SEC DG
The Senate has confirmed Dr. Emomotimi Agama as the director-general of the Securities and Exchange Commission (SEC). The Senate also approved the nomination of Frana Chukwuogor as Executive Commissioner (Legal and Enforcement). Mr. Bola Ajomale as the Executive Commissioner (Operations) and Mrs. Samiya Usman as the Executive Commissioner (Corporate Services). […]
Unilever Nigeria Appoints Bolaji Balogun As Chairman
The Board of Directors of Unilever Nigeria Plc has appointed Mr. Bolaji Balogun as an Independent Non-Executive Director and Chairman of the Board of the company. According to the company’s notice to the Nigerian Exchange Limited (NGX) and the investment public, the appointment is with effect from 16th May 2024. […]
Africa Prudential Plc appoints Christabel Onyejekwe as non-executive director
The Board of Directors of Africa Prudential Plc has appointed Mrs. Christabel Onyejekwe as an Independent non-executive director of the company. This was contained in the company’s notice to the Nigerian Exchange Limited and the investing public. According to the company statement the appointment took effect from May 24, […]
Wema Bank shareholders approve N200 billion capital raise
….50 kobo dividend Shareholders of Wema Bank Plc, one of the nation’s oldest commercial banks have approved the Bank’s quest to raise N200 billion in capital at the group’s annual general meeting (AGM) held electronically today. Also, the shareholders endorsed the management’s 50 kobo per share dividend payouts for […]
Fidelity Bank to raise N127.1 billion from right issue and public offer
Fidelity Bank Plc has concluded all necessary arrangements to raise a total of up to N127.1 billion by way of a Rights Issue to existing shareholders and a Public Offer. The Combined Offer is a part of the Bank’s strategy to increase its share capital base in compliance with […]
CIS inducts Zenith Bank’s GMD, Ebenezer Onyeagwu as associate member
The Chartered Institute of Stockbrokers (CIS) has inducted Dr. Ebenezer Onyeagwu, the Group Managing Director and Chief Executive Officer of Zenith Bank Plc, as an associate member. The induction took place at the Institute’s Council Chamber in Lagos. In a statement issued by the institute, Mr. Oluropo Dada, the […]