MARKETS

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 Debt Management Office (DMO), has offered two Federal Government of Nigeria (FGN) savings bonds for subscription in December. The Debt Management Office (DMO), has offered two Federal Government of Nigeria (FGN) savings bonds for subscription in December. The DMO said on Monday that the first offer was a...

  The Central Bank of Nigeria (CBN) has assured banks of a steady cash supply to address shortages nationwide. Cardoso spoke on Tuesday at a press briefing following the 298th Monetary Policy Committee (MPC) meeting in Abuja. He said the CBN is adopting multifaceted measures to address the ongoing cash...

  The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate (MPR) by 25 basis points to 27.50 percent from the previous rate of 27.25 percent. Mr Yemi Cardoso Central Bank of Nigeria Governor who announced this at a press conference...

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...

    The House of Representatives on Wednesday charged its Committee on Insurance and Actuarial Matters to conduct a forensic investigation into over N30 billion in unsettled insurance claims tied to the Nigeria Police Force, the Head of Service, and the Ministry of Defence. The House noted that the unsettled...

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...