09
SepFBN Holdings Plc, the parent company of First Bank Nigeria, has announced its intention to divest its 100% equity stake in FBNQuest Merchant Limited. This strategic move aligns with the company’s broader goal of optimizing its portfolio. After a competitive bidding process, EverQuest Acquisition LLP (comprised of Custodian Investments Plc, Aion Investment, and Evercorp Industries) emerged as […]
09
SepTrading on the Nigerian Exchange concluded last week on a bearish note, with 46 stocks experiencing declines due to profit-taking activities. The All-Share Index and Market Capitalization recorded slight decreases, closing at 96,433.53 points and N55.394 trillion, respectively. A total of 2.14 billion units of shares were traded in 55,598 transactions, valued at N51 billion. The market’s[…]
06
SepThe Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has stated that the recent approval-in-principle granted to two cryptocurrency exchanges will significantly boost youth engagement in Nigeria’s capital market. According to Agama, the approvals given to Busha Digital Limited and Quidax Technologies Limited align with President Bola Tinubu’s commitment to engaging the country’s youth population.[…]
