Abuja – The Supreme Court of Nigeria has upheld a landmark judgment ordering Fidelity Bank Plc to pay Sagecom Concepts Limited a minimum of $138,842,249 in damages, bringing an end to a legal battle that has spanned nearly two decades. In a unanimous decision delivered on April 11, 2025, a panel of five justices ruled
Abuja, May 29, 2025 The Securities and Exchange Commission (SEC) has issued a serious warning to Nigerians about two popular companies, Silverkuun Investment Cooperative Society/Silverkuun Limited and Property World Africa Network (PWAN)/PWANMAX, declaring that they are not licensed to collect money from the public for any form of investment. In notices released this week, the
Coronation Merchant Bank has posted a remarkable profit before tax (PBT) of N13.4 billion for the financial year ended 2024, representing a significant 283 per cent rise from its PBT in the previous year. The bank also reported a post-tax profit of N12.9 billion, a staggering 303 per cent jump from the N3.2 billion recorded
The Chartered Institute of Stockbrokers (CIS) recently paid a courtesy visit to the Institute of Chartered Accountants of Nigeria (ICAN), with a view to forging a strategic partnership aimed at enhancing professional collaboration and advancing the interests of both bodies. During the meeting, CIS representatives highlighted the growing need for synergy between stockbrokers and accountants
Finceptive Limited, a fast-rising force in Nigeria’s supply chain finance space, has successfully concluded its maiden Series 1 Commercial Paper (CP) issuance, raising a total of ₦3 billion from the Nigerian debt capital market. The offer, which was opened to qualified institutional investors between May 6 and May 12, 2025, was significantly oversubscribed—a development that
