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Jennete Ugo Anya
- December 3, 2024
NASD Urges Companies To Comply With SEC Rules
The NASD OTC Exchange has urged public limited companies to adhere to the Securities and Exchange Commission’s (SEC) regulations mandating the trading of unlisted securities exclusively on SEC-registered Over-the-Counter (OTC) exchanges. According to the SEC’s rule, the purchase, sale, and transfer of unlisted securities are prohibited outside a registered stock exchange to ensure transparency and […]
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- December 3, 2024
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, […]
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- December 2, 2024
Greenwich 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 […]
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- December 2, 2024
Holcim 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 […]
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- December 2, 2024
Union 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. […]
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- December 2, 2024
Access Bank Wins Financially Inclusive Bank Of The Year Award
Access Bank has been honoured with the prestigious Financially Inclusive Bank of the Year award at the International Financial Inclusion Conference (IFIC). Organised by the Central Bank of Nigeria (CBN), the event brought together key stakeholders in the financial sector to discuss strategies for enhancing financial access and promoting economic development. The conference, themed: ‘Inclusive […]
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- November 29, 2024
FCMB Group To Seek Board Approval For N340bn Capital Raise
FCMB Group Plc has announced plans to seek approval from its board to raise ₦340 billion at its upcoming Annual General Meeting (AGM), slated for December 19, 2024. This new capital raise far surpasses the previously approved ₦150 billion and aligns with the Central Bank of Nigeria’s (CBN) recent directive on recapitalisation. The announcement, signed […]
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- November 29, 2024
UBA Group To Begin Full Banking Operations In France
United Bank for Africa (UBA) Group is set to commence full banking operations in France following a landmark business cooperation agreement signed by its Chairman, Mr. Tony Elumelu, during President Bola Ahmed Tinubu’s state visit to France. The agreement, endorsed in the presence of French President Emmanuel Macron and President Tinubu, was finalised with the […]
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- November 29, 2024
PrimeTech Boost Education With CSR Initiatives At FCT School
PrimeTech Design and Engineering Nigeria Limited, a subsidiary of Julius Berger Nigeria Plc, has reinforced its commitment to corporate social responsibility (CSR) by donating educational materials, mosquito nets, and renovating classrooms at LEA Primary School, Karmo, Sabo 11, Angauwa Hausawa, in the Federal Capital Territory (FCT), Abuja. The donations and renovations were met with gratitude […]
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- November 29, 2024
Zenith Bank Opens A New Branch In Paris
Zenith Bank Plc has officially opened a new branch in Paris, France, marking a major milestone in its global expansion strategy. The branch, located at 21 Rue de la Paix, was inaugurated on Wednesday, November 27, 2024, in a ceremony led by Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun. […]
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