The Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has lamented that the Nigerian capital market's 10-year vision has failed to achieve half of its objectives. Agama expressed the dissatisfaction in a lead paper titled 'Evaluating the Nigerian Capital Market Masterplan 2015-2025'. He presented the paper at the annual conference of the Chartered …
The Central Bank of Nigeria (CBN) has hailed the country’s removal from the list of jurisdictions under increased monitoring, known as the "grey list”, following a successful on-site evaluation of reforms implemented across the financial system. The Financial Action Task Force’s (FATF) formally announced Nigeria’s removal from its watchlist on Friday, October 24, Pinnacle Daily …
Some minority shareholders of Access Holdings Plc have demanded the removal of the Group Chairman, Aigboje Aig-Imoukhuede. The demand is based on the breaches of corporate governance and conflicts of interest following the death of the former chairman, Herbert Wigwe. In a note on its 2025 half-year financial statements released on Friday, October 23, Access …
Foreign investors' transactions on the Nigerian Exchange Limited (NGX) rose to N387.62 billion, hitting a six-month high in September 2025. Pinnacle Daily's review of the latest monthly NGX Domestic and Foreign Portfolio Investment Report has shown. Analysis of the report revealed that transactions executed by foreign investors were highest at N699.89 billion in March but …
Jaiz Bank Plc has received an upgraded credit rating to A- (long-term) and A1 (short-term), both with a stable outlook. Agusto & Co. Limited, Nigeria’s foremost credit rating agency, upgraded Jaiz Bank’s rating, the bank announced in a statement seen by Pinnacle Daily on Friday, October 24. Jaiz Bank, a pioneer non-interest bank, similarly received …
...Kanu still insists Nigerian court lacks jurisdiction to try him The leader of the proscribed Indigenous People of Biafra (IPOB), Nnamdi Kanu, on Thursday announced the disengagement of his legal team led by former Attorney-General of the Federation (AGF), Chief Kanu Agabi, SAN, at the Federal High Court in Abuja. The dramatic development unfolded …
The Director General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has asked stockbrokers to do more to promote the Nigerian capital market's sustainability. He gave the charge at the 2025 Annual Conference of the Chartered Institute of Stockbrokers (CIS) in Abuja. He pointed out that stockbrokers and other market operators have a critical …
Transcorp Hotels Plc has reported a 36 per cent rise in profit before tax (pre-tax profit) to ₦22.4 billion for the third quarter (Q3) of the year. The company revealed this in its unaudited financial statements for the third quarter ended September 30, 2025, released on Monday, October 20 to the investing public. The report …
The Securities and Exchange Commission (SEC) has urged stockbrokers to uphold the highest level of professionalism and ethical conduct at all times to ensure a fair and transparent market. Director General of SEC, Emomotimi Agama, made the call at the weekend during the 29th annual conference of the Chartered Institute of Stockbrokers in Abuja. He …
The Central Bank of Nigeria (CBN) and the Bank of Angola have signed a Memorandum of Understanding (MoU) to deepen financial and technical cooperation. The agreement was signed on Thursday, October 16, on the sidelines of the ongoing IMF/World Bank annual meeting in Washington, DC, United States. It was endorsed by the Governor of the …
