CAPITAL MARKET

The Chairman, Access Holding Company Plc, Mr Aigboje Aig-Imuokhuede, CFR, has commended the digital innovation efforts of the Nigerian Exchange Group following the successful N351bn Rights Issue completed to comply with the regulatory directive of the Central Bank of Nigeria (CBN). According to the statement from Access HoldCo, Aig-Imuokhuede said...

Sterling Financial Holdings Company PLC has achieved another milestone with the approval of the Central Bank of Nigeria (CBN) recognising an additional ₦75 billion in its capital raise. This approval represents the final leg of the capital injection that was achieved through a private placement in September 2024. Building on...

In an era where the demands on leaders are growing increasingly complex, Temi Popoola, the Group Managing Director and Chief Executive Officer of the Nigerian Exchange Group (NGX Group) , called for a renewed focus on authenticity and people-centric leadership as a way to navigate the multifaceted challenges of a...

The Chairman of the Nigerian Exchange Group Plc, Alhaji (Dr) Umaru Kwairanga, has said the number of investors in the Nigerian capital market was unacceptable given the population of the country. Kwairanga said this at the 2024 annual conference of the Capital Market Correspondents Association of Nigeria (CAMCAN) in Lagos....

The Securities and Exchange Commission (SEC) has urged banks to strengthen their corporate governance principles and risk management framework to enhance investors' confidence in the ongoing recapitalisation exercise. Speaking at the just concluded yearly workshop of the Capital Market Correspondents Association of Nigeria (CAMCAN) held in Lagos at the weekend,...

An economist, Mr Johnson Chukwu, has stressed the need for the Central Bank of Nigeria (CBN) to deploy available Infrastructure technology and Bank Verification Numbers (BVN) to tackle delay in the verification of banks' offers and ensure speedy conclusion of the process. Apparently irked by the delay in the apex...

  In a major boost to the operations of the Securities and Exchange Commission (SEC)and the Nigerian capital market, the Senate of the Federal Republic of Nigeria has passed the Investments and Securities Bill 2024.   The Investments and Securities Bill, meant to repeal the Securities and Exchange Commission (SEC) Act, was passed...

The Capital Market Correspondents Association of Nigeria (CAMCAN) has concluded arrangements for its 2024 annual workshop, a pivotal gathering aimed at fostering dialogue and proffering solutions to challenges facing the Nigerian capital market and the broader economy. The workshop with the theme: “Banks' Recapitalisation: Bridging the Gap Between Investors and...

Loss after tax for Nestle Nigeria for the nine-month period between January and September 2024 jumped by 328 per cent higher compared with what it was a year ago. Its newly released third quarter report shows that the company continued to be at the mercy of a foreign exchange volatility...

    Following a series of impressive quarters, United Capital Group has delivered an outstanding financial performance in Q3 2024, further cementing its upward growth trajectory. Its financial results for the period ended September 30, 2024, reveal a remarkable 93 per cent year-on-year growth in Profit Before Tax (PBT) to...