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SEC Says Tine God Networks Operation a Ponzi Scheme

The attention of the Securities and Exchange Commission, Nigeria (“SEC”) has been drawn to the activities of an Illegal Operator (Tine God Networks Limited). The Company claimed to be an Investment Company that engages in Business Development in Commercial sectors of the economy and also issues bonds to raise funds ...

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Zenith Bank Plc: 23% EPS Growth in 2016FY

Click here to download Zenith Bank Plc Annual Report-31 December, 2016 Zenith Bank Plc (ZENITHBANK) just released its twelve months earnings report for the year ended December 2016. The Bank reported an increase in earnings per share (EPS) to N4.12 for the period, compared with an EPS of N3.36 in ...

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SEC Seals up Yuan Dong (YDEC)

In furtherance of its determination to protect investors and ensure that illegal operators are not allowed to operate in Nigeria’s capital market, the Securities and Exchange Commission, Nigeria (SEC) has sealed up the premises of Yuan Dong (YDEC). According to a statement by Head Corporate Communication of  SEC, Naif Abdussalam, ...

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Barclays PLC and Barclays Africa Agree Separation Terms

Barclays Africa Group today announced that it has agreed terms for operational separation with UK-based Barclays PLC, which is reducing its shareholding in Barclays Africa. The agreement is expected to unlock opportunities for Barclays Africa as an independent pan African bank. “It is a good outcome that enables us to ...

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N20b Green Bond: 44 varsities, Communities to benefit

Babatunde Fashola, Honourable Minister of Power, Works and Housing; Oscar Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE); His Excellency, Prof Yemi Osinbajo, Acting President of The Federal Republic of Nigeria and Amina I. Mohammed, Honourable Minister of the Environment at the Green Bonds Capital Market and Investors Conference ...

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N20bn ‘Green Bond’ will deepen Nigerian capital market-Osinbajo

Babatunde Fashola, Honourable Minister of Power, Works and Housing; Oscar Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE); His Excellency, Prof Yemi Osinbajo, Acting President of The Federal Republic of Nigeria and Amina I. Mohammed, Honourable Minister of the Environment at the Green Bonds Capital Market and Investors Conference ...

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IOSCO Issues Statement on Variation Margin Implementation

The Board of the International Organisation of Securities Commissions (IOSCO) acknowledges the challenges facing some market participants working to complete the necessary documentation and processes to be in full compliance with variation margin requirements, which are scheduled to take effect by 1 March 2017 in accordance with minimum standards established ...

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