Heritage Bank backs creative industry, supports “Rita Dominic Acting Challenge”
Leading financial giant, Heritage Bank Plc has further reiterated its commitment to the growth and development of the creative and entertainment sector by supporting the “Rita Dominic Acting Challenge.” Heritage Bank in collaboration with a foremost Nigerian Actress and Co-Founder…
NGX Limited Remains Preferred Listing Destination for Companies
Emzor Pharmaceuticals Lists Debut Offering Nigerian Exchange (NGX) Limited continues to be the preferred listing destination for companies seeking to raise capital via corporate bonds, including private companies looking to raise public capital. One of such private companies taking advantage…
Nigeria ranks 8 on cryptocurrency global average annual online searches
Latest report at Invezz.com has shown that upon the official rejection by the Federal Government, Nigeria is ranked 8th amongst countries that search most on cryptocurrency. With the value of the Dogecoin cryptocurrency increasing by 88% last week, there has been…
Growth in non-core income items soars UBA’s performance in Q1
The United Bank for Africa’s (UBA) released unaudited Q1-2021 report late Monday, though showed that the bank recorded a strong performance during the period, deeper review showed that the performance was supported by growth in non-core income items as growth…
Ghana beats Nigeria again, receives $2.7b FDI in 2020
More salutary facts on why US digital giant, Twitter chose Ghana ahead of Nigeria as its African regional headquarters are still emerging. Just as global foreign direct investment (FDI) collapsed in 2020, falling 42% from $1.5 trillion in 2019 to…
Konga and the $10b target by 2026
By Dr. Aje Boluwatife The Nigerian e-Commerce sector is a much-touted lucre that has attracted a number of players. The growing interest is buoyed by the rise in a youthful population, growing smartphone and internet penetration, the aspirational mind-set of…
British High Commissioner Engages Capital Market Stakeholders
The Deputy British High Commissioner, Lagos, Mr. Mr Ben Llewellyn-Jones OBE, leveraged the Nigerian Exchange (NGX) Limited’s virtual Closing Gong Ceremony to engage capital market stakeholders on Friday, 16 April 2021. Mr. Llewellyn-Jones was given the privilege to sound the…
Persianas, a Nigerian property group takes over Shoprite soon?
Persianas is buying Shoprite’s Nigerian business after the South African retailer decided to retreat from other African markets. Shoprite, with more than 2,300 stores across Africa, is awaiting regulatory approval on the sale of its Nigerian supermarket operation, though no…
NGX Regulation unveils 2021 Supervision Priorities for License Holders
NGX Regulation Limited (NGX RegCo), the independent regulatory arm of Nigerian Exchange Group, has published its supervision priorities for 2021 on Wednesday, 14 April 2021. To ensure a fair and orderly market, the supervision priorities provide guidance to Trading License…
A look at SEC’s circular on the trading of foreign securities in Nigeria
By Ibrahim Moshood The apex regulator of securities in Nigeria, the Securities and Exchange Commission (“SEC”) has issued a circular, with respect to technology investment platforms providing the Nigerian public with access to foreign securities. The circular dated 8 April…
