They warned that unless urgent reforms are implemented, more firms will delist, which will weaken investor confidence and limit opportunities for capital formation.
This followed MRS Oil Plc's announcement that it would voluntarily delist from the Nigerian Exchange Limited (NGX) and transition its shares to the NASD OTC Securities Exchange.....................Read-More

The Nigerian banking industry appeared resilient amid the changing macroeconomic landscape and ongoing banking recapitalisation.
Pre-tax profit for five major tier 1 banks rose by about 70 per cent to N4.56 trillion in 2024. 
Key extracts of the full-year financial results of five headlining banks..............Read-More

A total of 10 banks generated an estimated N14.4 trillion from interest on loans and advances to customers, among others  in  2024,  about 126.5 per  cent increase  over  N6.34 trillion  generated  in  2023 financial  year, analysis of the banks' financial reports has revealed................Read-More

The Securities and Exchange Commission is set to apply a more aggressive approach in combating Ponzi schemes following the recent enactment of the Investment and Securities Act (ISA 2025), which President Bola Tinubu signed into law.
The new legal framework empowers the SEC to prosecute promoters of Ponzi schemes, with potential sentences of up to 10 years in prison. ...............Read-More

Wema Bank Nigeria has released its audited consolidated financial Statements for the period ending December 31st, 2024, to the Nigerian Exchange Group (NGX), proposing a final dividend of N1 per share.
Wema Bank reported a profit before tax of N102.51 billion, representing an increase of 135 per cent over the N43.59 billion recorded in the corresponding period in 2023. ................Read-More