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Jennete Ugo Anya
- July 11, 2024
NGX Suspension Of Eight Companies Highlights Market Integrity, Investors’ Confidence
The Nigerian Exchange Limited (NGX) recently took decisive action by suspending trading in the shares of eight companies due to their failure to file Audited Financial Statements for the year ended December 31, 2023. This move, effected as of July 8, 2024, affected Guinea Insurance Plc, Lasaco Assurance Plc, Mutual Benefits Assurance Plc, C & […]
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- July 11, 2024
Nigeria’s Private Equity Investments Surge 322% In Q1 2024
Private equity investments in Nigeria surged by 321.8 percent in the first quarter (Q1) of 2024, driven largely by deals in the energy and educational technology (edtech) sectors. According to a report by DealMakers Africa, a South African-based firm that tracks mergers and acquisitions (M&A) and corporate finance activities across the continent, the value of […]
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- July 8, 2024
SEC Authorises N351bn Rights Issue For Access Holdings Plc
The Securities and Exchange Commission (SEC) has given the green light to Access Holdings Plc’s N351 billion rights issue, a substantial capital raising initiative aimed at bolstering the company’s financial position. In a recent statement released in Lagos, Access Holdings announced this significant milestone, highlighting that the capital raised, up to $1.5 billion, will support […]
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- July 8, 2024
9mobile Welcomes A New CEO
Emerging Markets Telecommunication Services Limited (EMTS), operating under the brand name 9mobile, has announced the appointment of Mr. Obafemi Banigbe as its new Chief Executive Officer (CEO). The board approved Mr. Banigbe’s appointment, underscoring the company’s strategic move towards a new phase of business transformation. He succeeds Mr. Juergen Peschel, who will continue to contribute […]
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- July 8, 2024
SMEDAN Secures N6bn Single-digit Interest Rate Loans For SMEs
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced a significant financial initiative aimed at supporting small and medium enterprises (SMEs). The agency has signed a memorandum of understanding (MoU) with the Bank of Industry (BOI) and Sterling Bank to provide SMEs with access to N6 billion in loans at single-digit interest […]
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- July 5, 2024
Fidelity Bank To Issue Additional N78.35bn Shares
Fidelity Bank has announced plans to issue an additional 8.2 billion shares, valued at approximately N78.35 billion, in response to the expected oversubscription of its combined offering. In a corporate disclosure on the Nigerian Exchange Limited’s (NGX) website, the bank issued a notice for an extraordinary general meeting (EGM) scheduled for July 26, 2024. Among […]
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- July 2, 2024
Top Performing Stocks On The NGX In The First Half Of 2024
In the first half of 2024, the Nigerian Exchange (NGX) saw a significant rise of 33.81 percent, with the All-Share Index (ASI) closing at 100,057.49 points, up from 74,773.77 points at the start of the year. This growth, while notable, was 12.09 percentage points lower than the 45.90 percent growth recorded in 2023, yet still […]
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- June 21, 2024
Nigerian Capital Market In View Of Its Potential Growth
As Nigeria celebrates 25 years of uninterrupted democratic governance, financial market experts took stock of the local capital market’s evolution and growth prospects. Despite notable achievements since 1999, including a 14.06 percent annual compound growth in market capitalisation, stakeholders believe the market has yet to fully exploit its potential for capital formation. Historical Perspective and […]
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- June 17, 2024
Fidelity Bank To Launch Public Offer, Rights Issue On June 20
Fidelity Bank Plc, Nigeria’s sixth largest bank, is set to open its public offer and Rights Issue on Thursday, June 20, 2024. This strategic move is part of the bank’s efforts to bolster its capital base in response to the revised minimum capital requirements introduced by the Central Bank of Nigeria (CBN) on March 28, […]
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- June 17, 2024
InfraCredit, SEC Partner To Boost Capital Market Innovation
In a significant move towards fostering infrastructure development through capital market innovation, InfraCredit’s leadership team, headed by Chief Executive Officer (CEO), Mr. Chinua Azubike, met with the Executive Management of the Securities and Exchange Commission, Nigeria (SEC). The strategic meeting underscored the shared vision of both entities to stimulate domestic credit flow from the capital […]
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