News & Events
15
May
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
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
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
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
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.