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Jennete Ugo Anya
- February 24, 2025
UCIF Pays N1.98bn Dividends To Unitholders
United Capital Infrastructure Fund (UCIF), the infrastructure investment arm of United Capital Plc, has distributed a total of N1.98 billion in dividends to its unitholders for the 2024 financial year. The fund, which operates a bi-annual distribution structure, paid N769 million as an interim distribution for the first half of the year, followed by N1.21 […]
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- February 24, 2025
CSCS Enhances Data Exchange Platform For Registrars
The Central Securities Clearing System Plc (CSCS) has unveiled an upgraded version of its web-based application designed to improve efficiency and user experience for registrars in Nigeria’s capital market. In a recent statement, CSCS, which serves as the Central Securities Depository for the Nigerian Capital Market, announced that RegConnect Version 2 will go live later […]
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- February 20, 2025
NCDMB Pushes For Local Participation In Executing Projects
The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its commitment to promoting indigenous oil and gas service firms in the execution of major industry projects, including Shell’s $5 billion Bonga North deepwater project and TotalEnergies’ $550 million Ubeta gas project. Executive Secretary of the NCDMB, Mr. Felix Ogbe, made this known in Lagos […]
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- February 20, 2025
FG Lists N368.3bn Bond On NGX, Issues N234bn Supplementary Bonds
The Federal Government of Nigeria (FGN) has officially listed a N368.3 billion bond on the Nigerian Exchange Limited (NGX), along with an additional N234 billion in supplementary bond issuances. The move strengthens Nigeria’s debt market and provides investors with more opportunities to engage with government-backed securities. A notice filed by the NGX’s Head of Issuer […]
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- February 20, 2025
WTO Appoints Nigeria’s Abdulhamid As Chairperson Of Trade In Services Committee
The World Trade Organisation (WTO) General Council has appointed Ambassador Adamu Mohammed Abdulhamid of Nigeria as the Chairperson of the Committee on Trade in Services Special Session, effective February 2025. Before this appointment, Ambassador Abdulhamid held several key positions within the WTO, including Chairperson of the Trade Facilitation Committee (TFC), the Council for Trade in […]
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- February 19, 2025
Haldane McCall Plc Reports 168% Surge In Profit Before Tax To N1.01bn
Haldane McCall Plc has reported a remarkable 168 percent increase in profit before tax, reaching N1.01 billion for the 2024 financial year, compared to N378 million recorded in 2023. The real estate and hospitality company recently disclosed its audited results on the Nigerian Exchange Limited (NGX), showcasing a strong financial performance driven by increased revenue […]
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- February 19, 2025
FG Seeks Investors For $18.5bn Centenary City Project In Abuja
The federal government has renewed calls for investors to explore opportunities in the $18.5 billion Centenary City project in Abuja. Honourable Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, made the appeal while receiving a delegation from Centenary City Plc, led by its Vice Chairman and former Secretary to the Government of the […]
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- February 19, 2025
Providus Bank Appoints Tukur As Non-Executive Director
Providus Bank has announced the appointment of Mr. Mahmud Tukur as a Non-Executive Director. His appointment was ratified at the bank’s recent Annual General Meeting (AGM), held at the Radisson Blu Anchorage Hotel, Victoria Island, Lagos. Mr. Tukur, the Founder and Group Chief Executive Officer (CEO) of Ashgrove Group, is a globally recognised business leader […]
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- February 19, 2025
Fitch: Tier-3 Banks May Face Mergers, or Licence Downgrades
Fitch Ratings has cautioned that Union Bank of Nigeria (UBN) and other tier-3 banks in the country may be forced into mergers, acquisitions, or licence downgrades due to their struggles in meeting the Central Bank of Nigeria’s (CBN) new paid-in capital requirements. Also read: How Investor Relations Can Boost Trust Amid Nigeria’s Banking Shake-Up In […]
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- February 17, 2025
Senate Requests N10bn To Fund Literacy In The Capital Market
The Senate Committee on the Capital Market has urged Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, to approve a special allocation of N10 billion to support literacy and development initiatives in the capital market. The request was made during a recent interactive session with the Honourable Minister and the […]
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