MARKETS

The Securities and Exchange Commission (SEC) has issued a fresh warning to Nigerians, urging them to report any suspicious investment schemes for prompt investigation and enforcement. The development comes in the wake of the CBEX investment fraud, a digital asset trading platform accused of defrauding unsuspecting Nigerians to the tune...

The Debt Management Office (DMO) said it will re-open two federal government bonds for auction, valued at N350 billion, for subscriptions of N1,000 per unit. DMO disclosed this today (Wednesday)in a statement noting that the offers will be auctioned on April 28 and have their settlement date by April 30....

The Securities and Exchange Commission (SEC), on Thursday, disclosed that it will collaborate with law enforcement agencies to take appropriate enforcement action against fraudulent cryptocurrency investment scheme known as “CBEX”, its affiliates and promoters. The Commission clarified it did not grant registration to Crypto Bridge Exchange (CBEX) or its affiliates...

Central Securities Clearing System (CSCS) Plc has released its audited consolidated and separate financial statements for the year ended December 31, 2024, delivering a robust performance marked by double-digit growth in revenue and profitability. Total revenue grew by 37 per cent to N26.1 billion in 2024, up from N19.0 billion...

Nigerian Exchange Group (NGX Group) celebrated the extraordinary contributions of its retired directors, whose visionary leadership played a pivotal role in shaping the evolution of Nigeria’s capital market. The ceremony, held on Wednesday, April 9, 2025, followed the Group’s 64th Annual General Meeting (AGM) in Lagos, and brought together a...

Nigerian Exchange Group Plc (NGX Group) held its 64th Annual General Meeting (AGM) on Wednesday, April 9, 2025, at the Nigerian Exchange Group House. During the meeting, the Group reaffirmed its unwavering commitment to delivering long-term, sustainable value, emphasizing innovation, operational excellence, and stakeholder engagement as key drivers of growth...

JPMorgan, US-based financial institution, has postulated that the Central Bank of Nigeria (CBN) may begin to slow down the pace of absorbing inflows in net reserves to give a breather to the naira that has climbed to its highest in almost a month, potentially allowing the currency to end 2025...

United Capital Plc, a leading pan-African financial and investment services group, held its 12th Annual General Meeting (AGM) at the Transcorp Hilton Hotel, Abuja, where shareholders approved a total dividend payout of N14.4 billion for the 2024 financial year. This represents a 33% increase from the previous year, reinforcing the...

...declares a total dividend of N2.10 per share Leading financial institution, Fidelity Bank Plc, released its 2024 full-year Audited Financial Statements, reporting a 210% growth in Profit Before Tax to N385.2 billion. According to the Bank's results released on the Nigerian Exchange (NGX) on Friday, 28 March 2025, Gross Earnings...

The Securities and Exchange Commission (SEC) has announced that His Excellency, President Ahmed Bola Tinubu GCFR, has assented to the Investments and Securities Act (ISA) 2024, which repeals the Investments and Securities Act No. 29 of 2007. This landmark legislation strengthens the legal framework of the Nigerian capital market, enhances...