MARKETS

  The Federal Government has said that investors seeking to invest in its latest financial instrument must disclose specific identification requirements to participate in the exercise. It disclosed this in a Frequently Asked Questions document provided by the Debt Management Office on its website. DMO states that all Nigerian citizens,...

  Despite the challenging environment following the Central Bank of Nigeria's intervention in January 2024, which led to heightened customer concerns, Union Bank of Nigeria has reported a profit before tax of N79.8 billion on gross earnings of N333 billion during the half year ended June 30, 2024 compared with...

The Chief Executive Officer of NGX Regulation Limited (“NGX RegCo”), Mr. Olufemi Shobanjo, has commended the Financial Reporting Council of Nigeria (FRCN) for its pioneering role in advancing sustainability reporting standards across the African continent. Speaking at the Regulatory Roundtable for Sustainability Reporting in Nigeria, hosted by FRCN recently in...

  targets 2mbpd crude oil production by Dec 2024 The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of over N700billion (28%) when compared to the 2022 profit...

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has revealed that the Federal Government would forward a bill on the regulation of cryptocurrency to the National Assembly. Adedeji made this revelation yesterday in Lagos during the 2024 “Stakeholders’ Engagement with the Senate and House Committees...

The Securities and Exchange Commission (SEC) has extended Access Holdings’ N351 billion capital raise to August 23. In a statement released on Wednesday and signed by Sunday Ekwochi, the company’s secretary, Access Holdings announced that the original deadline of August 14 has been extended to August 23 following approval from...

United Capital Group, a leading pan-African investment banking and financial services institution, has successfully led the issuance of Sierra Leone’s first local currency corporate bond, valued at SLE32 million (approximately US$1.4 million). This historic milestone signifies a transformative moment for Sierra Leone’s capital market. Acting as the Financial Adviser, United...

The Central Bank of Nigeria (CBN) has announced the reintroduction of several key economic reports, signaling a renewed commitment to transparency and accountability. These reports, once readily available, will empower stakeholders to make informed decisions about the Nigerian economy. The reinstated reports include the Purchasing Managers’ Index (PMI), Business Expectation...

The Debt Management Office (DMO) has offered two Federal Government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit. According to a statement by the DMO on Monday in Abuja, the first offer is a two-year FGN savings bond due on Aug. 21, 2026, at interest rate of...

In alignment with President Bola Tinubu’s Renewed Hope Agenda, the Director General of the Securities and Exchange Commission, Dr. Emomotimi Agama, is set to outline the Commission’s vision for the Nigerian capital market at the Second Capital Market Committee Meeting. The meeting which will hold at Oriental Hotel, Lagos on...