Capital market

Lagos, May 2, 2023 – The Securities and Exchange Commission has blacklisted six illegal online trading platforms and warned Nigerians against dealing with them. A circular issued by SEC on Monday said that the blacklisted firms were not registered with it and unauthorised to carry out such investment services. “The Commission’s attention has been drawn to the underlisted e-commerce companies and their websites offering online trading platforms to the investing public. “They are not registered by the SEC Nigeria and the financial services offered by them are also not authorised. …

Abuja, May 2, 2023 –  Mr. Bello Hassan, the Managing Director of Nigeria Deposit Insurance Corporation (NDIC), has commended the judiciary and members of the Nigerian Bar Association for collaborating with the Corporation in the diligent and timely prosecution of failed bank cases over the years. Hassan gave the commendation in Abuja at a sensitization seminar for external solicitors of the Corporation with the theme: “The role of NDIC external solicitors in the execution of the mandate of the Corporation”. The NDIC boss said the support from its external solicitors …

Lagos, May 1, 2023 – A total of 14.029 billion shares worth N59.007 billion were traded in 24,048 deals by investors on the floor of Nigerian Exchange (NGX) last week. These were in contrast to the 3.920 billion shares valued at N15.620 billion that exchanged hands in the preceding week.  The Conglomerates Industry, measured by volume, led the activity chart with 11.399 billion shares valued at N30.990 billion traded in 2,310 deals. The sector contributed 81.25 per cent and 52.52 per cent to the total equity turnover volume and value, …

Cape Town (South Africa), April 28,  2023 – The African Export-Import Bank (Afreximbank)  won seven awards at the just concluded Bonds, Loans & ESG Capital Markets Africa Awards 2023.    Afreximbank said in a statement on Friday that its success at this year’s awards reflected the Bank’s increasingly well-established leadership position in the loan and debt capital markets on the continent across the main industry sectors. The 8th Annual Bonds, Loans & ESG Capital Markets Africa Awards recognises – and seeks to showcase – the most innovative and groundbreaking deals from …

Lagos, April 27, 2023 – The Nigerian Exchange Group Plc (NGX Group) has been awarded the EDGE certification, making it the first exchange group globally and the first indigenous Nigerian organization to be EDGE certified. NGX Group was certified at the EDGE Assess level, which highlights the progress the company has made on diversity, equity, and inclusion and its commitment to ensuring equal opportunities across its talent pool. EDGE, which stands for Economic Dividends for Gender Equality, is the leading global standard for Diversity, Equity, and Inclusion (DE&I), centred on …