Capital Market
SEC raises alarm over operation of Marino FX in capital market
SEC has cautioned the public and investors against doing business with Marino FX Ltd., a company that is impersonating an SEC-licensed cryptocurrency exchange.
Dangote Cement moves to borrow money from Nigerians, promises to repay with interest
Dangote Cement has begun offering N100 billion under its N300 billion bond issuance meant for refinancing. debt repayment and working capital in 2025.
Foreign investors pull out of Nigeria as naira crashes in official, parallel markets
Recent data on the Nigerian Exchange Limited (NGX) trading activities shows that foreign investment declined to N11.26bn in September 2024 due to the naira crash
Dangote Cement seeks to borrow money from Nigerians as new prices emerge
Dangote Cement has perfected plans to issue bonds via the capital market to raise funds for its operations after displaying spectacular financial results.
Famous Ponzi scheme stages return as SEC plans N20 million fine for operators
The Securities and Exchange Commission (SEC) has proposed an N20 million fine and 10 years jail term for Ponzi scheme operators as Chinmark seeks to return.
“You cannot use cash to buy real estate”: CBN reacts to proposed investment and securities bill
The SEC proposed investment and securities bill (ISB) 2024 may have several provisions that violate existing money laundering laws, according to the CBN.
Nigerian oil companies with highest profits in 9 months, Seplat leads
About six Nigerian oil companies reported a whopping N464.6 billion profit in 2024, led by Seplat, TotalEnergies, Aradel, MRS Oil, Conoil, and Eterna.
More money for Otedola, Geregu Power investors as company's revenue skyrockets to N112 billion
Geregu Power Plc has generated a revenue of N112 billion from its operations in Nigeria, a double of what it generated in the same period in 2023.
CBN issues new directive to Access, Zenith, other banks on Forex compliance
The Central Bank of Nigeria has instructed banks and all other foreign exchange market participants to provide compliance reports for the FX Code.
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