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Electronic offerings to use USSD, mobile devices

Electronic offerings to use USSD, mobile devices

The Securities and Exchange Commission (SEC) has released draft guidelines for transition to electronic offering of shares and other securities in the  capital market. Electronic offering (e-O) is the use of internet or other electronic means, including mobile or Unstructured Supplementary Service Data (USSD) platforms to provide access to prospectuses, offering memoranda, subscription forms and […] …

OK Foods unveils brand ambassador

OK Foods unveils brand ambassador

OK Foods Limited has named Mr Folarin ‘Falz’ Falana as the brand ambassador for its new menthol flavoured candy, Topmint. OK Foods Limited, a leading player in the confectionery and biscuits business in Nigeria for many years, recently launched the new menthol flavoured candy with “Topmint” as the brand name . Its Managing Director, Mr. […] …

SEC seeks amendment to capital market rules

SEC seeks amendment to capital market rules

Securities and Exchange Commission (SEC) is considering  amendments to capital market rules and regulations’ that will empower it to suspend any public company that fails to submit its annual report within stipulated deadline. According to a draft amendment obtained by The Nation, the Commission is seeking to introduce a new rule, which will allow it […] …

Stanbic IBTC grows net profit by 54% to N74.4b

Stanbic IBTC grows net profit by 54% to N74.4b

Stanbic IBTC Holdings Plc has recorded considerable growths across all key performance indicators in 2018 with the net profit rising by 54 per cent to N74.4 billion. Key extracts of the audited report and accounts for the year ended December 31, 2018 showed that the group grew its top-line earnings to N222.4 billion in 2018 […] …

Stockbroking firms to hold summit

Stockbroking firms to hold summit

Association of Stockbroking Houses of Nigeria    (ASHON) has concluded arrangements to hold a special summit on financial inclusion in Lagos as part of its commitment towards deepening the capital market. The summit’s theme: “Financial inclusion: The capital market perspective“, has been carefully chosen to address the strategies for bringing every segment of the society under […] …

Edo sponsors world digital exhibition

Edo sponsors world digital exhibition

Edo State Government has taken up the permanent host city sponsorship of World Digital Exhibition (Worldex), a global technology trade fair hosted annually to link up sub-Saharan Africa with the global technology community. In a letter to Alford Conferences Limited Managing Director Mr. Frederick Apeji,  the promoter of the technology trade exhibition, Mr. Taiwo Akerele, […] …

Exchange lifts suspension on Goldlink Insurance

Exchange lifts suspension on Goldlink Insurance

•Firm posts N149m loss The Nigerian Stock Exchange (NSE) has lifted suspension on trading in Goldlink Insurance Plc shares, after the insurance firm submitted its relevant financial statements to the Exchange. The NSE had on July 5, 2017 suspended trading in Goldlink Insurance shares and other companies for failing to adhere to best corporate governance […] …

Nigerian Breweries to pay N19.4b net profit to shareholders

Nigerian Breweries to pay N19.4b net profit to shareholders

The board of directors of Nigerian Breweries Plc has recommended payment of the entire net profit of N19.4 billion recorded in 2018 as cash dividend to shareholders for the business year, despite the decline in the company’s performance. Shareholders will receive final dividend of N14.6 billion in addition to N4.8 billion earlier paid by the […] …

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