CAPITAL MARKET

The Securities and Exchange Commission (SEC) has reaffirmed that it will go all out to act decisively to uphold the integrity of the capital market and protect the interests of all investors. This was stated by the Acting Director-General of the SEC, Dr Emomotimi Agama, during a virtual meeting with...

        The recently appointed Director General of the Securities and Exchange Commission (SEC), Emomotimi Agama is set to engage with both local and international crypto exchanges in a crucial meeting scheduled for Monday. Organized by the Blockchain Industry Coordinating Committee of Nigeria (BICCoN), the gathering aims to...

  In line with its upward growth trajectory, leading financial institution, Fidelity Bank Plc, has posted an impressive 120.1% growth in Profit Before Tax from N17.9bn at the end of Q1 2023 to N39.5bn for Q1 2024. This was made known in the Bank’s unaudited financial statements released on the...

  Shareholders of Zenith Bank Plc unanimously approved the restructuring of the Bank to a holding company during a court-ordered Extraordinary General Meeting (EGM) held virtually from Zenith Heights, Zenith Bank Plc, Victoria Island, Lagos, on Friday, April 26, 2024. In accordance with the Scheme of Arrangement dated March 28...

Stockbrokers have urged the Central Bank of Nigeria (CBN) to allow the shares and other securities of publicly listed banks as marginable securities, which enables investors to take loans specifically for purchase of shares. Stockbrokers, under the auspices of Chartered Institute of Stockbrokers (CIS), said while the capital market has...

When the management of the Nigerian Exchange Limited (NGX) in July 2023 announced that it was reclassifying Fidelity Bank Plc from small-price stock to medium-price stock, financial analysts concluded that the road to attaining Tier1 status by the bank is closer than ever imagined. In full year 2022. Fidelity Bank...

  VDF Group Plc has stressed the need for increased financing for the entertainment and media industry to boost foreign exchange earnings and economic development. The Managing Director of Splitar Limited, Mr Folagbade Adeyemi, stated this while speaking at the Capital Market Correspondents Association of Nigeria (CAMCAN) quarterly Forum, sponsored...

    Access Bank Plc has signed a binding agreement with KCB Group Plc (KCB) to acquire 10 cent shareholding in National Bank of Kenya Limited (NBK). The successful completion of the transaction is subject to conditions that are customary for transactions of this nature including receipt of all regulatory...

    The  Securities and Exchange Commission (SEC), has declined to approve proposal by PZ Cussons (Holdings) Limited, the foreign majority core investor in PZ Cussons Nigeria Plc, to acquire entire shareholdings of Nigerian minority shareholders in the Nigerian subsidiary. In a regulatory filing on Wednesday, the board of PZ...

  Nigerian Exchange Group Plc (NGX Group or the Company) has announced its full-year Audited Financial Statements for the year ended 31 December 2023, with a profit after tax of N5.2 billion and a declaration of a final dividend of N1.5 billion. The Group experienced a surge in gross earnings,...