Tag: capital

Ardova seeks shareholders’ nod for N60b new capital raising

The Board of Directors of Ardova Plc has decided to seek the approval of shareholders of the downstream oil and gas company for a new capital raise under which the…

Naira’s free fall: Insurance industry capital base crashes to $1b 

By Collins Nweze Naira’s depreciation has taken a toll on the capital base of the insurance industry. The capital has dropped to $1 billion from $2.2 billion. This was contained…

Examination malpractice capital offence in Covenant, says Oyedepo

By Adeola Ogunlade The Chancellor of Covenant University, Bishop David Oyedepo, has said that examination malpractice is considered a capital offence in Covenant University. Oyedepo said this at the 19th…

Osogbo: Oyetola’s silent transformation of a capital city

Osun State Governor Gboyega Oyetola’s media aide Abiodun Komolafe writes on the urban renewal agenda of the administration and its implications for socio-economic development.   The proposed Flyover Bridge at…

SEC takes over DEAP Capital after board’s forced resignation

By Taofik Salako, Deputy Group Business Editor   The Securities and Exchange Commission (SEC) has taken over and appointed an interim management team for the troubled DEAP Capital Management & Trust…

NBS ranks Abia third for 2020 capital inflow

The National Bureau of Statistics (NBS) has ranked Abia State as the third state with top capital inflow in 2020. According to NBS, “By destination, Lagos emerged as the top…

● Brass & Books Capital Group launches Oyel.Ng; a digital agro investment platform

Bittle is relentless about empowering folks by means of a dependable bitcoin to naira enterprise. The Covid-19 pandemic has accelerated Nigeria’s grim actuality into a state of near-bleakness. In the…

United Capital Plc CEO purchases additional 1.5 million shares worth N8.03 million ●

Japaul Gold shares stoop by as a lot as 30% in three buying and selling periods, as buyers on NSE proceed to dump shares of the rebranded Gold exploration and…

Capital market puts public offers online

By Taofik Salako, Deputy Group Business Editor The Nigerian capital market has inaugurated an online public offering platform to improve depth, convenience and accessibility. It is the first of such…

SEC to Develop Robust 10-Year Master Plan for Capital Market

By Modupe Gbadeyanka The need to strengthen Nigeria’s capital markets’ and their capacity for capital mobilisation has necessitated the review of the 10-year Capital Markets Master Plan (CMMP) approved in…

NCDMB, PETAN seal $30m working capital scheme deal

Our Reporter The Nigerian Content Development and Monitoring Board (NCDMB) and the Petroleum Technology Association of Nigeria (PETAN) on Monday signed an agreement on US$30m Working Capital Scheme that will…

Update: FCMB seeks N30b short-term capital

First City Monument Bank (FCMB) Limited, the flagship company in the FCMB Group Plc, is raising about N30 billion in short-term debt capital through the issuance of commercial papers (CPs)….

Update: Govts, companies elevate N2tr from capital market

By Taofik Salako, Deputy Group Business Editor   Nigerian governments and companies have raised more than N2 trillion in new capital from the capital market this year as they sought  financial…

Update: Foreign Investors Devise New Strategy to Exit Nigerian Capital Market

By Ahmed Rahma As a result of the shortage of Dollar in Nigeria, which is putting pressure on the Naira, foreign portfolio investors have devised another strategy to pull their…

Update: Unclaimed Dividends: Govt’s proposed takeover unfair, will adversely have an effect on the capital market – Expert

By Henry Uche, Lagos As mixed reactions trail the Finance Bill 2020 forwarded to the National Assembly for consideration and passage by the President, particularly in section 39, the President/Chairman…