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Jennete Ugo Anya
- January 30, 2025
Aradel Reports ₦321.6bn Pre-Tax Profit, Up 187% Year-on-Year
Aradel Holdings Plc has posted a profit before tax of N321.6 billion for the year ended December 31, 2024, representing a 187 percent increase from the previous year. The company’s latest unaudited financial statements reveal that revenue surged by 162.74 percent, reaching N581.022 billion, a significant jump from the N221.142 billion recorded in 2023. This […]
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- January 30, 2025
NGX RegCo, EFCC Tackle Financial Crimes In Capital Market
Nigerian Exchange Regulation Limited (NGX RegCo) and the Economic and Financial Crimes Commission (EFCC) have reaffirmed their commitment to strengthening market surveillance and tackling financial crimes in Nigeria’s increasingly digitalised capital market. This renewed partnership was the focus of a high-level meeting between NGX RegCo’s Chief Executive Officer (CEO), Mr. Olufemi Shobanjo, and EFCC’s Executive […]
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- January 28, 2025
Moniepoint Secures Funding From Visa
Nigerian fintech giant Moniepoint Inc. has received fresh funding from Visa, a global leader in digital payments, just three months after its $110 million Series C raise. https://astudity.com/moniepoint-secures-110m-funding-to-boost-digital-payments-financial-inclusion/ While the investment amount remains undisclosed, Visa’s backing strengthens Moniepoint’s status as a unicorn and reinforces its vision to drive financial inclusion across Africa. Visa, in its […]
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- January 28, 2025
SEC Warns Against Investing In Unregistered Platforms
The Securities and Exchange Commission (SEC) has issued a warning to Nigerians, advising against investments in Risevest (Victoria Island) Cooperative Multipurpose Society Limited and Stecs (Alausa) Multipurpose Cooperative Society, popularly known as Stecs. In a circular released over the weekend in Abuja, SEC clarified that neither Risevest nor Stecs is registered or authorised to operate […]
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- January 27, 2025
UBA Hosts Knowledge Series Webinar For MSMEs
United Bank for Africa (UBA) Plc, Africa’s Global Bank, is preparing to host a special edition of its Knowledge Series webinar. The event is designed to provide micro, small and medium-sized enterprises (MSMEs) and business owners with valuable insights into the newly implemented 2024 Withholding Tax Regulations introduced by the federal government. The webinar, themed: […]
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- January 27, 2025
Lasaco Assurance Lists Additional 9.25bn Shares On NGX
Lasaco Assurance Plc has achieved a significant milestone with the listing of 9.25 billion additional ordinary shares of 50 kobo each on the daily official list of the Nigerian Exchange Limited (NGX). This move follows the successful completion of a private placement exercise aimed at raising capital to strengthen the company’s operations and strategic initiatives. […]
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- January 27, 2025
Analysts Warn PenCom’s New Rules On CPs Could Stifle MSMEs
The National Pension Commission (PenCom) has introduced new requirements for Pension Fund Administrators (PFAs) investing in commercial papers (CPs), a move analysts warn could marginalise small businesses already grappling with limited access to affordable financing. PenCom, in a recent statement, explained that the new regulations aim to strengthen risk management in the investment of pension […]
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- January 24, 2025
Transgrid Enerco Acquires 60% Stake In Eko DisCo
Transgrid Enerco Limited has finalised the Share Purchase Agreement (SPA) to acquire a 60% equity stake in Eko Electricity Distribution Company (Eko DisCo), marking the first market-driven acquisition in Nigeria’s power sector. This milestone signals a transformative era for electricity distribution in the country. Transgrid Enerco, a strategic alliance of North South Power Company Limited […]
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- January 24, 2025
SEC Reports N3trn Milestone In Collective Investment Schemes For 2024
The Securities and Exchange Commission (SEC) has announced that Collective Investment Schemes (CIS) in Nigeria exceeded N3 trillion in 2024, highlighting the growing appeal of the capital market as a robust investment avenue. This development was revealed recently by SEC’s Director-General, Dr. Emomotimi Agama, during an interaction with reporters in Abuja. He explained that CIS […]
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- January 24, 2025
CAC Launches AI Platform For 30-Minute Business Registration
The Corporate Affairs Commission (CAC) has announced plans to roll out an artificial intelligence (AI)-driven company registration portal aimed at simplifying and speeding up the registration process for Nigeria’s micro, small, and medium enterprises (MSMEs). This new system, set to go live next week, promises to reduce the registration timeline to just 30 minutes, a […]
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