News – Page 3 – Alpha10 Group

15 May

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

News

CNG buses intervention to slash transport fare by over 50% – Mohammed Idris

January 29, 2024
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The Minister of Information and National Orientation, Mohammed Idris, has announced that the Presidential Initiative to deploy Compressed Natural Gas (CNG) mass transit buses is anticipated to lead to a reduction of...

23 Jan

News

Looted funds and Nigeria’s public accountability gaps

January 29, 2024
Posted by alpha10
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Nigeria grapples with economic distress, desperately needing funds for obligations, yet ironically experiencing a windfall. Notably, $332.4 million from Abacha loots and €6,324,627 recovered globally, according to former Justice Minister Abubakar Malami.

23 Jan

News

Wema Bank’s Rights Issue and Share Price Rally: Rewarding Investor Confidence

January 29, 2024
Posted by alpha10
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In December 2023, Wema Bank started a substantial rights issue, offering 8,572,103,573 ordinary shares at N4.66 per share, based on a two-for-three ratio for existing shareholders as of September 28, 2023.