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 …
To address funding gaps for the over 40 million small businesses, the Securities and Exchange Commission (SEC) said it has signed a Memorandum of Understanding (MoU) with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to improve access to long-term financing for small and medium enterprises (SMEs) through the Nigerian capital market. The …
Chairman of Heirs Holdings, Transcorp, and United Bank for Africa, Tony Elumelu in this interview with select journalist attending the International Monetary Fund/World Bank Annual meetings in Washington DC, spoke on a number issues including taking more risk with the pension funds You spoke on digital transformation and its benefits for Africa. What was your …
Nigeria will officially take over the chairmanship of the Intergovernmental Group of Twenty-Four (G-24) from Argentina on November 1, 2025. The Central Bank of Nigeria (CBN) hinted at this on Wednesday, October 15. This comes after the federal government, in 2024, called for increased investments and trading partnerships from member countries of the G-24. READ …
The number of litigations claimed in monetary terms against Zenith Bank and six other lenders increased to over N4 trillion in the first half (H1) of this year, posing a significant threat to their balance sheets. The other six banks are Sterling Financial Holdings Company, Wema Bank, FCMB Group, Guarantee Trust Holding Company (GTCO), Stanbic …
A pinnacle Daily data analysis has revealed that out of the approximately 147 companies listed on the Nigerian Exchange Limited (NGX), 10 dominant firms are responsible for more than 60 per cent of the NGX's total market capitalization, exerting a significant influence on the exchange's overall performance BUA Foods now leads the top 10 most …
The National Insurance Commission (NAICOM) has said that regional insurance collaboration is needed to bridge the climate finance gap in West Africa. The Commission's Chief Executive Officer, Olusegun Omosehin, made the call while delivering a keynote address at the 2025 West Africa Insurance Companies Association (WAICA) Education Conference in Lagos on Monday, October 13. He …
