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Jennete Ugo Anya
- November 12, 2024
NGX Invest Facilitates Over N1.26tr For Banks’ Recapitalisation
NGX Invest, the digital offering platform of the Nigerian Exchange (NGX), has raised over N1.26 trillion for banks through various rights issues and public offerings. This significant achievement highlights the growing role of the platform in capital-raising efforts across the financial sector. FBN Holdings, which recently launched its N150 billion rights issue, becomes the latest […]
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- November 11, 2024
SEC Plans To Launch Capital Formation Office For MSMEs
In a bid to address the financing challenges faced by micro, small, and medium enterprises (MSMEs) in Nigeria, the Securities and Exchange Commission (SEC) has announced its progress toward establishing a dedicated office for small business capital formation. This office, which is at an advanced planning stage, will provide tailored support to companies seeking to […]
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- October 29, 2024
SEC To Review Applications For Capital Market Operators
The Securities and Exchange Commission (SEC) has revealed that the commission will focus on applications from aspiring capital market operators and other relevant stakeholders in its third registration meeting for 2024. The meeting scheduled for October 29 to November 1, was announced in a recent circular, stating that the meeting will focus on applications from […]
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- October 17, 2024
SEC To Relax Crowdfunding Rules, To Ease Access To Capital For MSMEs
The Securities and Exchange Commission (SEC) has revealed plans to ease regulations on crowdfunding to improve small businesses’ ability to access much-needed capital. This recent move, aimed at fostering greater financial inclusion for startups and smaller firms, comes as Nigeria grapples with a challenging economic environment marked by high interest rates. Director- General (DG) of […]
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- October 16, 2024
SEC, NGX Empower Retail Investors Through Financial Education Initiatives
In an era where retail investors are playing an increasingly crucial role in shaping the Nigerian economy, the Securities and Exchange Commission (SEC) and the Nigerian Exchange Group (NGX) have reinforced their commitment to financial education. This collaboration seeks to bridge the knowledge gap for retail investors, empowering them to confidently sail across Nigeria’s evolving […]
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- October 14, 2024
Nigerian Breweries Extends Rights Issue Deadline Following SEC Approval
Nigerian Breweries Plc has announced the extension of its ongoing Rights Issue acceptance period, now set to close on October 18, 2024, instead of the original deadline of October 11. The extension, approved by the Securities and Exchange Commission (SEC), was made to accommodate public holidays that interrupted normal working days during the initial subscription […]
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- October 9, 2024
SEC To Tighten Oversight On Fintech
The Securities and Exchange Commission (SEC) is ramping up its regulatory efforts in the fintech sector to curb financial mismanagement and align operators with capital market standards. The move, aimed at protecting investors’ funds, was announced by Director-General of SEC, Mr. Emomotimi Agama, during his keynote speech at the recent Nigeria Fintech Week. Mr. Agama […]
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- September 30, 2024
SEC, NGX Approve Flour Mills’ Buyout Of Minority Shareholders
The Securities and Exchange Commission (SEC) and the Nigerian Exchange Limited (NGX) have given Flour Mills of Nigeria Plc (FMN) the go-ahead to proceed with the buyout of its minority shareholders. In a recent statement, FMN revealed that its majority shareholder had initiated the process to acquire all remaining minority shares. The company emphasised that […]
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- September 25, 2024
NASD Targets Dividend Payout, Eyes Growth With New Products
The National Association of Securities Dealers (NASD) PLC has announced plans in taking significant steps to address shareholders’ concerns about financial performance and service offerings. Speaking at the 11th Annual General Meeting (AGM) of the NASD PLC in Lagos, Chairman of NASD, Mr. Kayode Falowo, highlighted the Exchange’s focus on delivering sustainable profitability and ensuring […]
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- September 24, 2024
SEC To Boost NGX Listings With Government-owned Enterprises
The Securities and Exchange Commission (SEC) has announced plans to encourage government agencies and state-owned enterprises to list on the Nigerian Exchange Limited (NGX). Director-General (DG) of SEC, Mr. Emomotimi Agama, disclosed this initiative in a recent interview in Abuja, highlighting its potential to foster economic inclusivity and wealth creation for Nigerian citizens. “Listing on […]
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