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 […]
Category: Trending
Trending News
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 […]
Market operators give reasons why investors should buy Fidelity Bank’s offers
Fidelity Bank Plc has commenced its N127.1 billion combined rights and public offers, receiving enthusiastic support from the investing public. Key capital market stakeholders highlighted the bank’s impressive growth and investor-friendly policies over the years as reasons for their strong endorsement. The Nigerian Exchange (NGX), stockbrokers, investors, and customers have […]
Nigeria records $24 billion FX inflow in Q1 2024 – CBN Governor Cardoso
Nigeria’s Central Bank Governor, Yemi Cardoso, announced that the country recorded a total foreign exchange inflow of approximately $24 billion in the first quarter of 2024. This significant figure, the highest since 2021, was disclosed during an interview with Bloomberg TV in London. Governor Cardoso highlighted the positive impact of […]
CIS urges full tech integration in every stage of bank recapitalization process
Chartered Institute of Stockbrokers (CIS) has called on the Central Bank of Nigeria (CBN) and capital market regulators to ensure a wholesome adoption of technology in every stage of the recapitalization process of the banking sector. The 13th President and Chairman of the Governing Council of Chartered Institute of Stockbrokers […]
SEC issues framework on banking sector recapitalisation
The Securities and Exchange Commission has released its Framework on Banking Sector Capitalisation Programme, 2024. The framework which was released on the Commission’s website Friday serves as a comprehensive guide for Banks/Holding Companies and market participants to navigate the recapitalisation programme effectively. The move is driven by the recent directive […]