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JenneteUgo Anya
- October 17, 2024
BoI Disburses N75bn To Boost Small-Scale Industrial Growth In Nigeria
The Bank of Industry (BoI) has disbursed N75 billion to support vulnerable members of the Nigerian Association of Small-Scale Industrialists (NASSI), in a bid to stimulate growth and productivity among small-scale enterprises. The fund disbursement was formalised through a Memorandum of Understanding (MoU) signed recently at BoI’s head office in Abuja. This development comes on […]
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- October 17, 2024
SEC To Relax Crowdfunding Rules, To Ease Access To Capital For MSMEs
The Securities and Exchange Commission (SEC) has revealed plans to ease regulations on crowdfunding to improve small businesses’ ability to access much-needed capital. This recent move, aimed at fostering greater financial inclusion for startups and smaller firms, comes as Nigeria grapples with a challenging economic environment marked by high interest rates. Director- General (DG) of […]
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- October 16, 2024
SEC, NGX Empower Retail Investors Through Financial Education Initiatives
In an era where retail investors are playing an increasingly crucial role in shaping the Nigerian economy, the Securities and Exchange Commission (SEC) and the Nigerian Exchange Group (NGX) have reinforced their commitment to financial education. This collaboration seeks to bridge the knowledge gap for retail investors, empowering them to confidently sail across Nigeria’s evolving […]
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- October 15, 2024
Transcorp Power Plc Announces A Robust Q3 2024 Performance With 153% Revenue Growth, 198% Profit Surge
Transcorp Power Plc, a leading subsidiary of Transcorp Group, has announced exceptional financial results for the third quarter ending September 30, 2024, reflecting remarkable growth across key metrics. The company’s unaudited financials filed with the Nigerian Exchange (NGX) highlight a significant increase in both revenue and profitability, demonstrating strong operational efficiency and strategic focus. For […]
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- October 14, 2024
NGX Suspends Trading Of Transcorp Shares For Capital Overhaul
The Nigerian Exchange Limited (NGX) has announced the temporary suspension of trading in the shares of Transnational Corporation Plc (Transcorp) as the company embarks on a share capital restructuring process. This move is intended to facilitate the consolidation of Transcorp’s shareholding structure and will ensure a smooth reconciliation of records between the company’s registrars and […]
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- October 14, 2024
NGX Reinstates Trading Of Lasaco Assurance Shares Following 2023 Financial Statements Filing
The Nigerian Exchange Limited (NGX) has lifted the suspension on the trading of Lasaco Assurance Plc shares following the company’s successful submission of its Audited Financial Statements (AFS) for the year ended 31 December 2023. Lasaco also filed all other outstanding financial statements, bringing it into full compliance with NGX’s regulatory requirements. The suspension, which […]
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- October 14, 2024
Nigerian Breweries Extends Rights Issue Deadline Following SEC Approval
Nigerian Breweries Plc has announced the extension of its ongoing Rights Issue acceptance period, now set to close on October 18, 2024, instead of the original deadline of October 11. The extension, approved by the Securities and Exchange Commission (SEC), was made to accommodate public holidays that interrupted normal working days during the initial subscription […]
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- October 10, 2024
Bank CEOs Decry Social Media Blackmail Targeted At Banks
The Chartered Institute of Bankers of Nigeria (CIBN) and the Body of Bank Chief Executive Officers (CEOs) have jointly expressed concern over the increasing social media campaigns that are targeting Nigerian banks with false claims and accusations. In a recent statement released in Lagos, the banking institutions emphasised the vital role that the banks play […]
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- October 10, 2024
Presco Plc Announces Resignation Of Three Directors
Presco Plc has announced the resignation of three Non-Executive Directors, which include Dr. Bassey Edem, Mr. Osa Osunde, and Prince Aiguobasimwin Akenzua. This development was disclosed in a recent statement signed by the company’s Secretary, Alayo Ogunbiyi, which highlighted the directors’ contributions to the company’s growth during their respective tenures. The directors, who joined Presco’s […]
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- October 9, 2024
SEC To Tighten Oversight On Fintech
The Securities and Exchange Commission (SEC) is ramping up its regulatory efforts in the fintech sector to curb financial mismanagement and align operators with capital market standards. The move, aimed at protecting investors’ funds, was announced by Director-General of SEC, Mr. Emomotimi Agama, during his keynote speech at the recent Nigeria Fintech Week. Mr. Agama […]
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