SEC: Banks growth hinges on firm regulatory framework
Kayode Ogunwale Securities and Exchange Commission (SEC) has said the remarkable growth witnessed in the Nigerian banking industry over the past decade is partly attributable to the capital market…
Bua Foods, Zenith Bank, GTCo drive market performance, as equities gain N412bn
Nigerian equities opened the week strong today as the benchmark index gained to close at 68, point. The market's performance was primarily driven by demand in Bua Foods (+), Zenith…
GTCO Reports N327.4bn Pre-tax Profit In H1
GTCo Guaranty Trust Holding Company (GTCO), has declared a pre-tax profit of billion in its audited results for the first half (H1) of 2023. The Holding Company consolidated and separate…
NGX proposes dollar-denominated bond, stock listings, issue warning
Timi Popoola, CEO NGX Ltd The Chief Executive Officer of Nigerian Exchange Ltd., Temi Popoola, has disclosed that the nation’s capital market was considering a dollar-denominated bond listings. Popoola…
UBA delays half year audited financial results
The board of United Bank for Africa (UBA) Plc has announced a delay in the release of its Half-Year (HY) financial results. This was disclosed in the company’s statement to…
Financial services stocks dominate NGX turnover by 58%
The Nigerian financial services sector played a significant role in boosting the trade volume and value of equities on the floor of Nigerian Exchange Limited (NGX) despite global and local…
Uwaleke appointed as Special Adviser To Chairman Senate Committee On Capital Market
Prof. Uwaleke The Chairman of Senate Committee on Capital Market & Institutions, Sen. Osita Izunaso, has appointed a former Imo State Commissioner for Finance, Prof. Uche Uwaleke of Nasarawa State…
Access Holdings delays H1 results due to subsidiaries audit
Access Bank The board of Access Holdings Plc has announced a delay in the release of its half-year (H1) financial results due to an ongoing audit of its subsidiaries. This…
FBN Holdings shareholders approve N150bn rights issue …Ratified Otedola as director
Shareholders of FBN Holdings (FBNH) have approved the appointment of Lagos businessman, Mr Femi Otedola as a non-executive director of Nigeria’s oldest financial services group. At the just concluded annual General…
Fidelity Bank gets shareholder approval to increase share capital
Fidelity Bank Plc has passed a resolution to increase its share capital from N16 billion to billion, paving the way for its planned public offer to begin. Fidelity Bank PLC…