Online News Magazine
Online News Magazine
In a bid to reposition for infrastructure opportunities in Nigeria and across Africa, the Board of Directors of United Capital Plc has announced the appointments of four highly experienced infrastructure investment experts as independent members of the investment committee of the United Capital Infrastructure Fund (UCIF). With investments in power, industrial recycling, and renewable energy, […]
The Nigeria Deposit Insurance Corporation (NDIC) has declared ₦24.3 billion second liquidation dividend for depositors in the liquidated Heritage Bank Limited. The first liquidation dividend of ₦46.6 billion was paid to the depositors in April 2025 at a rate of 9.2 kobo per ₦1.00. The NDIC said the dividends were derived from debt recovery, sale […]
The Central Securities Clearing System Plc (CSCS has appointed Mr. Shehu Yahaya Shantali, as its new Chief Executive Officer, effective 1 January 2026, following the receipt of regulatory no-objection. Mr. Shantali succeeds, Mr. Haruna Jalo-Waziri, who will be stepping down after a successful eight-year tenure marked by strong leadership, strategic growth, and significant contributions to […]
The Association of Corporate Communication & Marketing Professionals in Banks (ACAMB) has categorically dismissed a misleading Instagram video alleging that 12 Nigerian banks will be shut down by the Central Bank of Nigeria (CBN) by March 2026. The video, posted by one Olaoluwa Segun (@Olaoluwa_olas), was described by ACAMB as a deliberate attempt to misinform […]
The Nigeria Deposit Insurance Corporation (NDIC) has officially commenced the liquidation of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc following the revocation of their licenses by the Central Bank of Nigeria (CBN) on December 15, 2025. The move is aimed at safeguarding depositors’ funds and ensuring the orderly closure of […]
President of the Independent Shareholders Association of Nigeria (ISAN), Moses Igbrude, has emphasised the need for efficient and impartial implementation of the Investments and Securities Act (ISA) 2025 to drive sustainable growth in the nation’s capital market. Speaking at the 2025 yearly conference of the Capital Market Correspondents Association of Nigeria (CAMCAN) held in Lagos, […]
The Senior Vice President of Government Affairs at FMDQ Group, Emmanuel Etaderhi, has urged regulators and market stakeholders to leverage popular culture, including musicians and footballers, to increase youth engagement with the recently enacted Investment Securities Act 2025. Etaderhi made this call at the annual conference of the Capital Market Correspondents Association of Nigeria held […]
Jaiz Bank, the pioneer Non-Interest bank in Nigeria, has signed an agreement with the International Islamic Liquidity Management Corporation (IILM) for the Bank’s onboarding as IILM Primary Dealer. The signing ceremony took place during the CBN–IILM Liquidity Management Capacity Building Conference in Abuja, recently. Speaking during the event, Jaiz Bank Managing Director/Chief ExecutiveOfficer, Dr. Haruna […]
Nigeria’s ambition of becoming a $1trn economy by 2030 can only be realised through the strategic, disciplined, and collaborative implementation of the Investments and Securities Act (ISA) 2025, a capital market expert has said. Speaking at the 2025 yearly conference of the Capital Market Correspondents Association of Nigeria (CAMCAN) in Lagos, Group Managing Director of […]
The Securities and Exchange Commission (SEC) and Nigerian Exchange Group, yesterday expressed that the newly signed Investments and Securities Act (ISA) 2025 signed into law by President Bola Tinubu is expected to drive the nation’s economic growth and further enhance capital formation in the capital market. Both capital market regulating bodies stated this in Lagos […]
