SEC Introduces New Requirement For Capital Market Operators’ Registration
The Securities and Exchange Commission (SEC) has introduced a new requirement for capital market operators (CMOs) seeking annual registration renewals. Operators must now provide evidence of registration with a recognised capital market trade group to complete their renewal process. The directive, outlined in a recent statement signed by Hafsat Rufai, Director of the Registration, Exchanges, […]
Read MoreGreenwich Merchant Bank Appoints Ogundeji As MD/CEO
The Board of Directors of Greenwich Merchant Bank Limited has announced the appointment of Mr. Benson Ogundeji as its substantive Managing Director/Chief Executive Officer, following approval from the Central Bank of Nigeria (CBN). In a latest statement, the Board Chairman, Mr. Kayode Falowo, expressed confidence in Mr. Ogundeji’s leadership, stating: “The Board is pleased to […]
Read MoreHolcim To Sell 83% Stake In Lafarge To Chinese Firm
Swiss building materials giant, Holcim, has announced plans to sell its Nigerian business, Lafarge Africa Plc, to China’s Huaxin Cement Ltd. The $1 billion deal involves Holcim divesting its 83.81 percent stake in Lafarge Africa, marking another significant corporate exit from Nigeria. In a recent statement, Holcim confirmed the agreement, stating that the transaction is […]
Read MoreSeven-Up Bottling Company Receives Awards At 2024 SISA
Seven-Up Bottling Company (SBC) has received prestigious recognition at the 2024 Social Impact and Sustainability Awards (SISA) for its exemplary corporate social responsibility (CSR) programmes and sustainability efforts. In a recent statement, SBC announced its accolades, including the CSR Award for Educational Empowerment for its Harvard Business School Scholarship Initiative (HBSS) and recognition of its […]
Read MoreUnion Bank Appoints Bayo Adeleke As Board Chairman
Union Bank of Nigeria Plc has appointed Mr. Bayo Adeleke as its new Board Chairman, alongside seven additional directors. This strategic move reflects the bank’s commitment to enhancing its leadership framework and driving growth. The announcement revealed the inclusion of two Executive Directors, Mr. Kelechi Nwaoba and Mr. Taiwo Shote, and five Non-executive Directors: Mr. […]
Read More