Tag Archives: Stock Market

S&P: FBNH, FirstBank Boards’ Changes Ensured Stability

S&P Global Ratings said changes to the boards of First Bank of Nigeria Limited and FBN Holdings (FBNH) Plc, recently directed by Central Bank of Nigeria (CBN), addressed the banking group’s corporate governance challenges and ensures the Nigerian banking sector’s financial stability.

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FMDQ Exchange Admits Coronation Merchant Bank Limited’s Commercial Papers

FMDQ Securities Exchange Limited (FMDQ Exchange), in providing the choice platform for the registration, listing, quotation, trading and recording of financial securities, approved the quotation of the Coronation Merchant Bank Limited ₦0.71 billion Series 13 and ₦14.13 billion Series 14 Commercial Papers (CPs) in March 2021, and the ₦1.41 billion Series 15 and ₦20.19 billion Series 16 CPs in May 2021, both under its ₦100.00 billion CP Programme, on its platform.

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SEC Issues Update On CMOs Registration

The Securities and Exchange Commission (SEC) has issued an update on registration by all registered Capital Market Operators stating that CMOs yet to renew their registration at the expiration of late filing which is May 31 2021, shall not be eligible to operate in the capital market.

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