Business

Nigerian Exchange Limited (NGX) has unveiled its Impact Board, a dedicated platform for listing sustainability instruments, following approval from the Securities and Exchange Commission (SEC). This initiative was announced during a Closing Gong Ceremony in Lagos on Wednesday, honoring Mr. Balarabe Abbas Lawal, Minister of Environment, and commemorating the 8th Green Bond Advisory Group Meeting. The ceremony, which saw Lawal,…

Shareholders of Access Holdings Plc have expressed overwhelming confidence in the company’s growth strategy and pledged their support for the ongoing N351 billion rights issue. This, they did, at the recent “Facts Behind the Rights Issue” presentation held at the Nigerian Exchange (NGX) office in Lagos. The shareholders praised Access Holdings for its impressive track record and consistent dividend payments,…

The Nigeria Civil Aviation Authority (NCAA) promised to penalise airlines engaged in deceitful departure schedules. The acting director-general, NCAA, Mr.  Chris Najomo, in a statement warned the airlines to desist from the infraction or face dire regulatory actions. According to the statement by public affairs and consumer protection, NCAA, Mr. Michael Achimugu, stated that the authority now runs a zero-tolerance…

The Nigerian Electricity Regulatory Commission has threatened sanctions against electricity distribution companies or DisCos if they failed to take up at least 95 per cent of the total monthly energy allocated for distribution. In the commission’s Order on Performance Monitoring Framework for all the DisCos, the market operator rolled out touch sanctions against utility firms that commit infractions capable of…

No fewer than 400 fresh graduates have benefited from Unity Bank’s entrepreneurship development initiative, also known as Corpreneurship Challenge over the past five years. This reflects the Bank’s commitment to driving economic growth by supporting the next generation of Nigerian entrepreneurs. Launched in 20219 with pilots in 4 states – Lagos, Edo, Ogun, and Abuja and scaled to 10 States…

The Nigerian Exchange Limited (NGX), on Tuesday disclosed that it has suspended eight listed companies for not submitting a full year ended December 31, 2023 result and accounts, The eight companies are: Lasaco Assurance Plc, Guinea Insurance Plc, Mutual Benefits Assurance Plc, NPF Microfinance Bank Plc, Regency Alliance Insurance Plc, Secure Electronic Technology Plc, Unity Bank Plc and C &…

The appointment of Jude Chiemeka as the Chief Executive Officer (CEO) of the Nigerian Exchange Limited (NGX) has continued to generate widespread acclaim from industry professionals, who believe his extensive experience and proven leadership qualities will drive NGX towards sustained success. Chiemeka, a seasoned executive with a robust background in finance and management, brings over 30 years of professional experience…

Nigerian equities market on Monday commenced trading week on decline as the overall capitalisation closed N9 billion weaker. Hence, the Nigerian Exchange Limited All-Share Index (NGX ASI) shed by 15.24 per cent, or 0.02 per cent, to close at 100,006.79 basis points. Similarly, the overall market capitalisation value lost N9 billion to close at N56.572 trillion. The market negative performance…

The Minister of Finance and Coordinating Minister of the economy, Mr Wale Edun has urged the new board of the Securities and Exchange Commission (SEC) to embrace innovation in order to be better prepared to regulate a dynamic capital market. Edun who stated this during the inauguration of the board in Abuja, Monday, expressed excitement at the composition of the…

… As Dangote reassures on the commencement of petrol production this July International financial analytics corporation, S&P Global, has described the 650,000 barrels per day (bpd) Dangote Oil Refinery and Petrochemicals company as capable of resolving Nigeria’s foreign exchange (forex) issue and its huge pressure on the local Naira currency, while also catalysing the country’s economic development. S&P Global, headquartered…