Following the recent order by the Central Bank of Nigeria (CBN), mandating all Micro Finance Banks (MFB) to raise their capital base to a minimum of N200 million, Petra MFB has assured its customers that it was already working towards surpassing the minimum recapitalisation. The bank made the disclosure at its 10th anniversary and yearly…

There are three issues here- the global risk; Sub Saharan Africa’s debt; and stock market performance in Nigeria. In terms of global risk, the major ones increase...

The oldest bank in the country, First Bank Football Club of Lagos at the weekend defeated Securities and Exchange Commission (SEC) of Abuja 4-2 to win the 32nd edition of the Central Bank of Nigeria (CBN) All Nigeria Financial Institutions Football competition. For winning the final match played at the Lekan Salami Stadium, Ibadan, First…

As part of its efforts to impact the Nigerian financial market and entire economy positively, the Association of Stockbroking Houses of Nigeria (ASHON) has initiated new measures to reposition its advocacy roles. Besides, the registered Trade Group has strengthened its secretariat by appointing an Executive Secretary and Research Officer to support the management in driving…

As the nation marks 58 years of existence, stakeholders in the nation’s capital market have stressed the need for government to step up policy implementation as well as tackle perennial economic policy uncertainties impacting negatively on investment and Nigerian business environment to spur activities in the stock market.     The stakeholders admitted that the…

MTN Group’s unit in Ghana raised 1.1 billion cedis ($236 million), selling about a third of the shares made available in an initial public offering, according to a document seen by Bloomberg

The loss of N2.49 trillion in seven months by investors in the nation’s bourse is the unsavoury news coming out of the Nigerian Stock Exchange (NSE). The loss, amounting to 15.64 per cent between January and July, has been attributed to political uncertainty in the country by development experts. Available data shows that the market…

Acting Director General, Securities and Exchange Commission (SEC), Ms. Mary Uduk, has enjoined capital market investors that bought shares with different names to regularise their accounts to derive full benefit of their investments. 

Going by a popular cliché, “One-man show is a show of arrogance” and that is the modus operandi of the capital market regulator- Securities and Exchange Commission...

The Securities and Exchange Commission (SEC) has unveiled plans to streamline the entire issuing process, as a measure to incentivise issuers to raise more funds from the nation’s capital market.

The 90-working days given Teleology Holdings to conclude the deal for take-over of 9Mobile would lapse tomorrow as the telecommunications industry eagerly awaits a new dawn for the troubled firm. Although, there have not been any formal notifications from the regulators to confirm payment of the outstanding $251 million, sources close to Teleology said the…

The Securities and Exchange Commission (SEC) has again warned Nigerians against investing in schemes that offer unreasonable returns and not approved by the commission.The Acting Director-General of SEC, Ms. Mary Uduk while speaking on current initiatives to move the market forward during a Town Hall ....