Market insights - Alpha10 Group

16 Jul

THE 2024 BANK RECAPITALIZATION PROGRAMME IN NIGERIA

July 16, 2024
Posted by alpha10
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The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have jointly introduced a comprehensive framework for the 2024 Banking Sector Capitalization Programme. This initiative aims to enhance the...

15 May

Market insights, News

NIGERIA’S SEC INTRODUCES NEW RULES FOR PRIVATE COMPANIES’ SECURITIES ISSUANCE

May 15, 2024
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The Securities and Exchange Commission (SEC) in Nigeria has recently introduced strict regulations to govern the issuance and allotment of securities by private companies. The Commission said the rules were made...

13 May

Market insights, News

UNDERSTANDING NIGERIA’S NEW 0.5% CYBERSECURITY LEVY: IMPLEMENTATION AND IMPLICATION

May 31, 2024
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On May 6, 2024, the Central Bank of Nigeria (CBN) released a circular requiring Banks and Other Financial Institutions to initiate deductions for a cybersecurity levy. This is coming after the National...

29 Jan

Market insights

A new horizon for pension as ARM Pensions and Access Holdings agree to a merger

January 29, 2024
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In a groundbreaking move set to redefine the landscape of the pension industry, Access Holdings has successfully acquired a controlling stake in ARM Pensions, creating a formidable alliance that promises substantial benefits...

29 Jan

Market insights

NNPC borrows $1.036 billion to acquire 20% stake in Dangote Refinery

January 29, 2024
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The Nigerian National Petroleum Company (NNPC) Ltd has acquired a 20% stake in Dangote refinery for $2.76 billion through a $1.036 funding from Lekki Refinery Funding Limited of which $1 billion was...

23 Jan

Market insights

FMDQ Exchange Admits Chapel Hill Denham Series 9 Nigeria Infrastructure Debt Fund on its Platform

January 29, 2024
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FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”), a wholly owned subsidiary of FMDQ Group PLC (“FMDQ Group”), is Nigeria’s premier securities exchange, committed to providing a world-class platform for the...