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JenneteUgo Anya
- December 5, 2024
CIG Motors, FCMB Partner To Make Vehicle Ownership Easier
Choice International Group (CIG) Motors and First City Monument Bank (FCMB) have partnered to make vehicle ownership easier and more accessible for both individuals and businesses. The announcement was made during the signing of a Memorandum of Understanding (MoU) at the CIG Motors Grand Auto Fair in Lagos, recently. This partnership introduces a flexible auto […]
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- December 4, 2024
UBA Ushers In Festive Cheer With Lagos Marina Garden Light-Up
United Bank for Africa (UBA), through its corporate social responsibility (CSR) arm, UBA Foundation, has kicked off the holiday season with its annual Garden Light-Up ceremony at the UBA head office in Lagos. The reccent event brought together staff, customers, and well-wishers in a vibrant celebration of joy, unity, and gratitude. The Garden Light-Up, a […]
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- December 4, 2024
DMO Launches FGN Savings Bonds With 17.48%, 18.48% Annual Interest Rates
The Debt Management Office (DMO) has launched two new Federal Government of Nigeria (FGN) Savings Bonds, offering Nigerians an attractive investment opportunity with competitive interest rates. These bonds, backed by the full faith and credit of the federal government, aim to provide a secure and profitable option for individual and institutional investors alike. According to […]
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- December 4, 2024
PenCom Lifts Ban On PFAs Investment In Commercial Papers
The National Pension Commission (PenCom) has officially lifted its ban on Pension Fund Administrators (PFAs) investing in commercial papers, a move expected to significantly enhance Nigeria’s financial markets and offer PFAs more opportunities for portfolio diversification. The suspension, originally imposed in 2020 due to concerns about risk management practices and regulatory compliance in the issuance […]
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- December 4, 2024
Equities Market Records ₦100bn Loss
The Nigerian equities market experienced a setback this Wednesday, December 4, 2024, with investors losing ₦100 billion. Market capitalisation closed at ₦59.2 trillion, down from the ₦59.3 trillion recorded on Tuesday, December 3, marking a dip after hours of trading. Top gainers in the session included Beta Glass Company Plc, Golden Guinea Breweries Plc, and […]
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- December 3, 2024
Adaora Umeoji Wins Leadership Banker Of The Year 2024 Award
Dr. Adaora Umeoji, the Group Managing Director (GMD)\Chief Executive Officer (CEO) of Zenith Bank Plc, has been named Leadership Banker of the Year 2024for her exemplary leadership, resilience, and dedication to humanizing banking. Dr. Umeoji’s appointment in June 2024 as the first female GMD/CEO of Zenith Bank marked a groundbreaking moment for Nigeria’s banking sector. […]
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- 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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