Business news
The Central Bank of Nigeria (CBN) has launched two digital initiatives as part of the ongoing “Digital First” transformation initiative launched by Governor Olayemi Cardoso in December 2023. They include the Document Flow (DocFlow) System and the Ministries, Departments, and Agencies (MDAs) Naira Payment Solution, both of which were unveiled at an event held on […]
In a strategic move to sustain its impressive performance, leading financial institution Fidelity Bank Plc has announced significant changes to its Board of Directors, effective January 14, 2025. According to a regulatory filing on the corporate disclosure portal of NGX Regulation Limited, the Bank has received the Central Bank of Nigeria’s (CBN) approval […]
Temi Popoola, Group CEO of Nigerian Exchange Group Plc (NGX Group), reiterated the transformative potential of Africa’s capital markets at the launch of the Ethiopian Securities Exchange (ESX). Speaking at the event, Popoola emphasized the need for stronger regional collaboration, government-private sector synergy, and innovative market solutions to unlock the continent’s economic potential. NGX Group’s […]
Guaranty Trust Holding Company (GTCO) Plc has raised N209 billion out of its recent N400.5 billion public offer. GTCO had launched a public offer of 9.0 billion ordinary shares of 50 kobo each at N44.5 per share. In a statement on Monday, GTCO announced receipt of regulatory approval for a total of N209.41 billion, representing […]
The Securities and Exchange Commission (SEC) is initiating activities that will facilitate the deepening of market integrity and enhance investor confidence. The Commission is also seeking ways to strengthen regulatory compliance with focus to deal with potential threat of Ponzi schemes. The Director General (DG) of the SEC, Dr. Emomotimi Agama who stated this in […]
Stanbic IBTC Bank, a member of Stanbic IBTC Holdings, has once again solidified its status as the leading financial institution by topping the Retail Banking and SME Banking categories in the recently concluded 2024 KPMG West Africa Banking Industry Customer Experience Survey. This remarkable achievement marks the fourth consecutive year Stanbic IBTC Bank has led […]
… ASI Closes 2024 At +37.65% Nigerian Exchange Limited (NGX) has marked a remarkable turnaround, breaking away from the poor performance of the 2015–2019 period to thrive in the 2020s. Following the oil price crash in 2015 and the ensuing recession in 2016, the 2020s have ushered in a period of unprecedented growth for […]
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. According to the statement from Access HoldCo, Mr. Aigboje Aig-Imuokhuede said “By leveraging the NGX’s […]
…Cements Capital Raise With Full Regulatory Approval 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. […]
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. According to the statement from Access HoldCo, Mr. Aigboje Aig-Imuokhuede said “By leveraging the NGX’s […]