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). […]
Category: Financial Market
Financial Market
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 […]
Fiscal and monetary policy missteps under Tinubu escalated inflation and naira depreciation-Economists
Financial experts have assessed the fiscal and monetary policies implemented during President Tinubu’s first year in office, concluding that these measures have resulted in macroeconomic instability. Following his inauguration as the 16th President of Nigeria at Eagle Square, Abuja, President Bola Tinubu announced the removal of the fuel subsidy. […]
WFE’s CEO re-elected to 4th term as Vice Chair of IOSCO’s AMCC
The World Federation of Exchanges (WFE), the global industry association for exchanges and clearing houses has announced the re-election of its CEO, Nandini Sukumar, to the position of Vice Chair of the International Organization of Securities Commission’s (IOSCO) Affiliate Members’ Consultative Committee (AMCC). The AMCC comprises 68 IOSCO affiliate […]
Shareholders endorse FCMB’s NI50 billion capital raising
…. N9.901 billion dividend for 2023 Shareholders of Guaranty FCMB Plc at the 11th Annual General Meeting approved the company’s plan to establish a capital raising programme of N150 billion. The group will raise up to N150 billion or its equivalent in other currencies through the issuance of various […]
FMDQ attains LPI and CPD accreditation
FMDQ Academy, the financial markets education initiative of FMDQ Group Plc has announced the attainment of the Learning Provider’s Certification from the Learning and Performance Institute (LPI) and the CPD accreditation from CPD Certification Services (CPD UK). These accreditations recognise FMDQ Academy’s dedication to delivering quality learning experiences of and […]