eTranzact, a leading provider of innovative financial technology solutions, has announced its role as the technology solution provider for the Military Pensions Board’s new digital verification system for military pensioners, officially launched on July 1, 2024. This initiative marks a significant milestone in leveraging technology to streamline pension verification processes […]
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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 […]
Executive order on pharmaceutical imports to improve healthcare access-CPPE
The Centre for the Promotion of Private Enterprise [CPPE] has said that an executive order removing duties on pharmaceutical imports will improve access to healthcare and impact positively on the well-being of citizens. Director/ CEO of CPPE, Dr. Muda Yusuf who stated this in a statement made available to Nairametrics […]
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 […]
Nigeria’s cryptocurrency market worth over $400m – SEC
The Director General of the Security and Exchange Commission (SEC) Emomotimi Agama, has said that Nigeria’s cryptocurrency market is estimated to be worth over $400 million, with a significant portion of the population involved in cryptocurrency trading and transactions. Speaking at the 2024 Annual Conference of the Association of Capital […]
Shareholders of CAP Plc approve N1.55 dividend for 2023
The Board of United Capital Plc will review the Company’s Unaudited Financial Statements for the quarter ending June 30, 2024, along with a consideration for an interim dividend and bonus issuance during its upcoming board meeting. This information was disclosed in a notice regarding the Company’s Q2 2024 board meeting […]