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Jennete Ugo Anya
- 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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- June 13, 2024
SEC Registers Three Crowdfunding Platforms
In a significant move aimed at bolstering the financing landscape for small businesses in Nigeria, the Securities and Exchange Commission (SEC) has registered three new crowdfunding platforms, with an additional three applications currently under review. This announcement was made by Mr. Emomotimi Agama, the Director-General (DG) of SEC, during a recent stakeholder’s dialogue on the […]
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- June 10, 2024
The Place Of Investor Protection In The Growth Of The Nigerian Stock Market
By Enam Obiosio The Nigerian stock market, represented by the Nigerian Stock Exchange (NSE), plays a pivotal role in the economic development of Nigeria. It provides a platform for companies to raise capital and for investors to realise returns on their investments. Investor protection is crucial to building trust and confidence in the market, thereby […]
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- June 10, 2024
IBB Urges NIPR To Enhance Nigeria’s Global Image
The Nigerian Institute of Public Relations (NIPR) recently marked its 60th anniversary with celebrations across its state chapters, emphasising the importance of public relations in Nigeria. Members felt “refreshed, renewed, and reinvigorated,” planting 60 trees in major Nigerian cities as part of a Diamond Walk. The leadership poetically described the institute as “Like a diamond, […]
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- May 30, 2024
AfDB, Experts Advocate For Private Sector Investment In African Higher Education
Experts from the African Development Bank (AfDB) have urged African nations to attract private-sector collaboration to finance higher education. This call to action was made during the AfDB’s ongoing Annual General Meeting and a high-level dialogue held in Kenya on Wednesday. The dialogue, titled “Policy Dialogue on Innovative Financing for Tertiary Education in Africa: Revitalizing […]
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- May 30, 2024
TCU Appoints New Vice Chancellor of Marketing & Communication
Merianne RothMerianne Kimmel Roth was named TCU’s newest vice chancellor for marketing and communication. The career of Roth, currently associate vice chancellor, spans both corporate and community executive leadership roles that will be beneficial in leading the university’s Division of Marketing & Communication. “Her impressive array of skills and brand expertise will be instrumental in […]
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