The NASD Over-the-Counter (OTC) Securities Exchange sustained its positive momentum, recording gains for the fourth consecutive trading session as investor sentiment remained mildly upbeat in the unlisted securities market. Market …
NIGERIAN CAPITAL MARKET
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BusinessCapital MarketCompaniesFinancial MarketsINVESTMENTNigerian Economy
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BusinessBusiness InsightsCapital MarketFinanceINVESTMENTWestern Africa
Strong Shareholder Confidence Pushes Presco Rights Issue to 103%
by Radarr Adminby Radarr AdminPresco Plc has successfully completed its recent rights issue, recording a strong subscription level of 103 per cent, a development that points to growing confidence among shareholders in the company’s …
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AgribusinessAgricultureEconomyFinanceINVESTMENTNigeria
Valency Agro Nigeria Completes N13bn Commercial Paper and Exports
Valency Agro Nigeria Limited has strengthened its position as one of Nigeria’s leading agro-processing and export companies with the completion of a N13bn Commercial Paper issuance. The issuance, which is …
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BusinessCapital MarketEconomyFinanceGovernment PolicyTaxation
FIRS Orders Banks and Financial Institutions to Deduct 10% Withholding Tax on Treasury Bills
The Federal Inland Revenue Service (FIRS) has directed banks, stockbrokers, and other financial institutions in Nigeria to begin deducting a 10 per cent withholding tax on interest earned from short-term …
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BusinessCapital MarketCryptocurrencyEconomyFinanceRegulation
SEC Raises Alarm Over Nigerians’ Shift to Cryptocurrency
The Securities and Exchange Commission (SEC) has expressed growing concern over the rising preference of Nigerians for cryptocurrency trading instead of investing in the country’s traditional capital market. The Director-General …
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BusinessCapital MarketEconomyFinanceRegulationSustainability
SEC DG Urges Nigerian Capital Market to Embrace Sustainability in Investment and Governance
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has said that the global movement towards sustainable finance is reshaping investment choices, corporate governance and risk management …
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BankingCapital MarketCorporate GovernanceDebt Management,FinanceINVESTMENT
Union Bank Completes N6.31bn Bond Redemption
Union Bank of Nigeria has successfully completed the full redemption of its Series 2 bond, paying both principal and coupon totalling N6.31 billion on September 3, 2025. The repayment marks …
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BusinessCapital MarketEconomyFinance & ServicesNigeriaSecurityTechnologyTrade
CSCS Reports N2.1tn Securities Transactions in Four Months
The Central Securities Clearing System (CSCS) has reported securities transactions worth N2.112 trillion between May and August 2025, marking a 138.44 per cent increase compared to the N885.93 billion recorded …
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BusinessCapital MarketEnergyInfrastructureINVESTMENTReal Estate
Coronation Lists Nigeria’s Largest Infrastructure Fund on NGX with N8.79bn Offering
Coronation Asset Management has listed the Coronation Infrastructure Fund (CIF), Nigeria’s largest Series I infrastructure fund, on the Main Board of the Nigerian Exchange (NGX). The move, described by market …
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BusinessCapital MarketEconomyFinanceGovernment PolicyINVESTMENT
Stockbrokers Urge Federal Government to Reform Capital Market for $1tn Economy Target
The Chartered Institute of Stockbrokers has appealed to the Federal Government to urgently implement economic reforms that will reposition Nigeria’s capital market as a key driver in achieving the country’s …