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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Trending News
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 […]
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 […]
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 $70m. According the transactional document, completion of […]
ASHON faults Suspension Of Dividend Payment By Banks, Assures Investors
The Association of Securities Dealing Houses of Nigeria (ASHON) expresses concern over the Central Bank of Nigeria’s (CBN’s) recent circular temporarily suspending dividend payments by banks. This directive, issued on June 13, 2025, according to the apex bank, aims to ensure compliance with regulatory forbearance and Single Obligor Limit […]
Fitch downgrades Afreximbank To One Notch Above ‘Junk’
Fitch downgraded Afreximbank’s credit rating to one notch above junk on Wednesday, with a negative outlook, citing high credit risks and weak risk-management policies. According to Reuters, the one-notch downgrade to BBB- comes as the African lender battles to protect its loans from restructuring in Ghana, Zambia […]
Airtel Sets ₦1,589/$ for Final Dividend Conversion
Airtel Africa Plc has announced the currency arrangements for its final dividend payment for the financial year. The Board has recommended a final dividend of 3.9 cents per ordinary share, payable on 25 July 2025, to shareholders whose names appear on the register as at the close of business […]
SEC Sounds Alarm on Ponzi Schemes, Calls for Vigilance to Safeguard Investors, Economy
The Securities and Exchange Commission (SEC) has sounded a renewed warning on the dangers of Ponzi schemes, highlighting their devastating impact on investor confidence, financial stability, and the Nigerian capital market. This was the central theme of a paper titled “Ponzi Schemes: Avoiding the Pitfalls of Illegality” presented […]