Vice President Kashim Shettima has solicited the support of the Judiciary to grow the capital market through the delivery of verdicts that are well-reasoned, timely, and technically sound. Vice President Kashim Shettima who stated this at the opening of a two-day Judges’ Workshop organized by the Securities and Exchange Commission […]
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Afreximbank Faces Second Downgrade in Four Weeks …As Moody Flags Funding Strain, Cites Lending Risks
The African Export-Import Bank (Afreximbank) has been dealt a fresh blow as Moody’s Investors Service issued a second credit downgrade in less than a month, citing deteriorating asset performance, increased exposure to distressed sovereign borrowers, and a narrowing pool of funding sources. The global ratings agency lowered […]
Wema Bank, Aradel Join NGX30 As Conoil Julius Berger Exit
The Nigerian Exchange Limited on Tuesday announced the results of its half-year market index review, which saw significant changes across several key indices, including the NGX 30 Index. The adjustments, according to the NGX, were based on the market capitalisation methodology, which took effect at the open of […]
Notore Chemical Completes Plans To Delist From NGX
Notore Chemical Industries Plc has officially concluded arrangements to delist its shares from the Nigerian Exchange Limited (NGX), following the implementation of a court-approved Scheme of Arrangement involving the company and its minority shareholders. In a notice issued to the NGX and made available to the investing public […]
ISAN Demands Suspension of Controversial Dividend Transfer Law
Shareholders under the aegis of the Independent Shareholders Association of Nigeria (ISAN) has issued a strong condemnation of the recently passed legislation mandating the transfer of all unclaimed dividends from company registrars to accounts managed by the Securities and Exchange Commission (SEC), as domiciled with the Central Bank of Nigeria […]
SAHCO Shareholders Approve ₦812m Dividend Payout
Shareholders of Skyway Aviation Handling Company (SAHCO) Plc have approved a total dividend payout of ₦812m for the 2024 financial year, reflecting a significant increase in shareholder returns. The approval was given at the company’s Annual General Meeting (AGM) held in Lagos. The dividend, which amounts […]
Rewane: Tinubu’s Borrowing Must Focus on Revenue, Reform Dividends
An economist and Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, has cautioned that Nigeria could face increasing borrowing costs unless the Tinubu administration adopts a more strategic and results-oriented approach to debt management. Rewane made this known during an appearance on Channels Television, Thursday, where he urged […]
United Capital Strengthens Regional Footprint with New Asset Management Subsidiary in Abidjan
United Capital Plc has launched expansion into Francophone West Africa with the establishment of a new subsidiary, United Capital Asset Management West Africa Limited (UCAMWAL), and the rollout of two new CFA franc-denominated mutual funds. The funds—UCAMWAL Bond Fund and UCAMWAL Diversified Fund—were unveiled at a formal event in […]
PZ Cussons Exits Palm Oil JV as Wilmar Buys 50% Stake for $70m
PZ Cussons plc and Wilmar International Limited jointly announce Wednesday (Today) that the two parties have agreed definitive terms for Wilmar to purchase the 50 per cent equity stake in PZ Wilmar Limited held by PZ Cussons plc, for cash consideration of $70m. According the transactional document, completion of […]
FGN Raises ₦4.01bn From June Savings Bonds Amid Lower Yield Environment
The Federal Government of Nigeria has raised a total of ₦4.01bn from its June 2025 issuance of the Federal Government of Nigeria (FGN) Savings Bonds, according to data published by the Debt Management Office (DMO). The offer, conducted between June 2 and June 6, 2025, saw strong interest […]