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SEC warns Nigerian fintechs against trading foreign stocks

Nigeria’s Securities and Exchange Commission (SEC) has warned unregistered investment-tech platforms to desist from offering foreign securities to Nigerians.

SEC warns of unregistered online platforms

The Securities and Exchange Commission on Thursday warned the investing public to tread with caution as there are several unregistered online investment and trading platforms facilitating access to trading in securities listed in foreign markets.
The Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, on Monday restated the exchange’s commitment to the implementation of various initiatives aimed at promoting gender diversity and empowering women.

Oscar Onyema completes tenure as NSE chief

The Nigerian Stock Exchange says Oscar Onyema has completed his tenure as its chief executive officer after spending 10 years in the saddle.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE resumes Easter holidays with N78 billion loss

The Nigerian stock market resumed after the Easter public holidays on Tuesday with a loss of 0.39 per cent due to persistent bearish trend.
FMDQ Securities Exchange has posted 13.66 per cent turnover growth in the Fixed Income and Currency (FIC) for the month of July.

FMDQ: Nigerian government can leverage derivative market to hedge against oil price volatility

FMDQ Securities Exchange Limited has disclosed that the federal government could leverage derivative product to hedge against crude oil price volatility, just as the global gross market value of Over the Counter, OTC derivative market hits $15.5 trillion in first half 2020, H1’20.
FILE PHOTO - GameStop logo is seen in this illustration taken February 2, 2021. REUTERS-Dado Ruvic-Illustration

GameStop plans $1 billion share sale after Reddit-fuelled rally

GameStop Corp on Monday increased the value of new stock it may sell from $100m to $1bn, as the United States video game retailer seeks to capitalise on a surge in its shares from a Reddit-driven rally this year.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE: Investors lose N118 billion on renewed profit taking

Investors on the Nigerian equities market yesterday lost N118 billion as the market reversed its previous session gains on renewed profit-taking.

SEC cautions potential investors against ‘high returns’ fraud schemes

The Securities and Exchange Commission (SEC) has cautioned potential capital market investors against putting their monies in fraud schemes that promise unwarranted high returns.

Commodities trading: SEC issues new rules on warehousing, collateral management

In a bid to ensure a vibrant commodities trading ecosystem, which would in turn boost foreign exchange earnings for the country, the Securities and Exchange Commission (SEC) has released new rules covering warehousing and collateral management, among others.

SEC moves to curb sharp practices in capital market

Determined to curb reported cases of unethical practices in the capital market, the Securities and Exchange Commission (SEC) has re-introduced the periodic renewal of registration by Capital Market Operators (CMOs).
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NGX market capitalisation closes N20.02tn as index depreciates 0.69%

The NSE All-Share Index and Market Capitalisation depreciated by 0.69% to close the week ended March 19, 2021 at 38,382.39 and N20.082trillion respectively.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Expert: NSE listing on exchange will boost economy

The authorization for the Nigeria Stock Exchange (NSE) to list at the Exchange will deepen the market and boost the economy, Mr. Boniface Okezie, a Capital Market Operator, says.
FMDQ Securities Exchange has posted 13.66 per cent turnover growth in the Fixed Income and Currency (FIC) for the month of July.

FMDQ admits N53.2 billion bonds of Fidelity Bank, TSL SPV

FMDQ Securities Exchange recently approved the listing of the Fidelity Bank Plc Series 1N41.21billion Fixed Rate Subordinated Unsecured Bond under its N100.00billion Bond Issuance Programme to its platform.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE’s indices drop further by 0.13 percent

Key indicators of the Nigerian Stock Exchange closed on Friday with a loss of 0.13 per cent, as turnover volume increased by 73.59 per cent.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian Stock Exchange completes demutualisation

The Nigerian Stock Exchange (NSE) has received final approvals of its demutualisation plan from the Securities and Exchange Commission (SEC) and Corporate Affairs Commission (CAC) leading to the completion of the exchange’s demutualisation process.
Nigerian Stock Exchange NSE

Former NSE chief makes case for more female stockbrokers

Former Director-General of the Nigerian Stock Exchange (NSE), Prof. Ndi Okereke-Onyuike, has called on more females to take a profession in the nation’s securities market.
The Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, on Monday restated the exchange’s commitment to the implementation of various initiatives aimed at promoting gender diversity and empowering women.

NSE boss restates commitment to gender equality

The Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, on Monday restated the exchange’s commitment to the implementation of various initiatives aimed at promoting gender diversity and empowering women.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Notore notifies NSE of management changes

Nigeria’s leading agro-allied company, Notore Chemical Industries Plc, has notified the Nigerian Stock Exchange, its shareholders and the general public of changes to its management.
FMDQ Securities Exchange Limited has through its Board Listings, Markets and Technology Committee, approved the Registration of the Fidson Healthcare Plc ₦10.00 billion Commercial Paper Programme on its platform.

FMDQ Exchange approves registration of Fidson Healthcare N10 billion commercial paper

FMDQ Securities Exchange Limited has through its Board Listings, Markets and Technology Committee, approved the Registration of the Fidson Healthcare Plc ₦10.00 billion Commercial Paper Programme on its platform.
The logo of MTN is pictured in Abuja, Nigeria September 11, 2018. REUTERS-Afolabi Sotunde-File Photo

MTN records N1.3 trillion service revenue, 76.5 million subscribers

MTN Nigeria, on Monday, released its audited results for the financial year ended 31 December 2020, where it raked in N1.3 trillion service revenue in the last fiscal year, which is a 14.7 per cent increase in revenue.
FMDQ Securities Exchange has posted 13.66 per cent turnover growth in the Fixed Income and Currency (FIC) for the month of July.

FMDQ Exchange admits Parthian Partners N20 billion commercial paper

The FMDQ Securities Exchange Limited has announced the registration of the Parthian Partners Limited ₦20.00 billion Commercial Paper (CP) Programme to its platform.
Ahmad said the Executive Chairman of FIRS, Muhammad Nami, disclosed this at the inauguration of the Inter-Ministerial Committee on Audit and Recovery of Back Years Stamp Duties and the unveiling of the FIRS Adhesive Stamp in Abuja.

FIRS chief: NSE’s demutualisation will strengthen investor confidence

The Executive Chairman, Federal Inland Revenue Service (FIRS), Alhaji Muhammad Nami, has said the demutualisation of the Nigerian Stock Exchange (NSE) will promote access to diverse investment opportunities and strengthen investors’ confidence in the capital market.

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CBN projects inaugurated at Naval College

Seven multimillion-naira Central Bank of Nigeria (CBN) intervention projects, which include President Muhammadu Buhari Administration Block, have been inaugurated at the Navy Finance and Logistic College, Owerrinta in Abia State.
The Interim Administrator, PAP, Col. Milland Dixon Dikio (retd), in a statement signed by his Special Adviser, Media, Nneotaobase Egbe, and released in Port Harcourt, urged ex-agitators to take innovation and entrepreneurship seriously.

Nigerian government intensifies peace efforts in Niger Delta

The Federal Government has intensified peace efforts in the Niger Delta as the Interim Administrator of the Presidential Amnesty Programme, Col. Milland Dikio, visited Gbaramatu on Monday as part of his ‘back to the region tour.’
Peter Olayinka’s Slavia Prague are 90 minutes away from reaching the semi-final of the last four of the UEFA Europa League after holding Arsenal to a 1-1 draw last week at the Emirates.

Peter Olayinka dreams Europa league semi final spot with Slavia Prague

Peter Olayinka’s Slavia Prague are 90 minutes away from reaching the semi-final of the last four of the UEFA Europa League after holding Arsenal to a 1-1 draw last week at the Emirates.
Thiago Silva sets the standards at Chelsea, according to Joe Cole, who has lauded the Blues defender for his unbelievable contribution this season.

Thiago Silva open to Chelsea contract extension

Thiago Silva has left the door open to a contract extension at Stamford Bridge, after Chelsea's progression to the Champions League semi-finals under Thomas Tuchel.
Benue State Governor, Samuel Ortom has expressed deep sadness over the deaths of his Special Adviser on Local Government and Chieftaincy Affairs, Mr. Jerome Torshimbe, and his Personal Assistant on Special Duties, Mr. Famous Adejo.

Benue governor calls for return of weapons taken from slain soldiers

Benue State governor, Samuel Ortom, has tasked traditional rulers and other stakeholders in Konshisha local government area of the state to ensure that all the weapons taken from the slain soldiers are returned unconditionally.

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“At this moment, l cannot say how many students were taken away by the gunmen until l get there, but we have already mobilized security men and members of the vigilantatè who are now in pursuit of the abductors,” the commissioner stated.

Kaduna: Bandits kill two persons, burn houses, vehicles

Commissioner for Internal Security and Home Affairs, Mr Samuel Aruwan, confirmed the killing in a statement issued in Kaduna.
The Etsu Nupe and chairman, Niger State Council of Traditional Rulers , HRH Yahaya Abubakar, has advocated proper funding of the Hydroelectric Power Producing Areas Development Commission (HYPPADEC).

Etsu Nupe advocates adequate funding of HYPPADEC

The Etsu Nupe and chairman, Niger State Council of Traditional Rulers , HRH Yahaya Abubakar, has advocated proper funding of the Hydroelectric Power Producing Areas Development Commission (HYPPADEC).
Saudi Arabia has come under increasing global scrutiny over its human rights record since the murder of journalist Jamal Khashoggi in 2018 [Fayez Nureldine-AFP]

Saudi Arabia executes three soldiers for ‘cooperating with enemy’

Saudi Arabia has executed three soldiers convicted of “high treason” and “cooperating with the enemy”, with a statement from the kingdom’s defence ministry saying the trio was sentenced to death by a specialist court after a fair trial.
The Delta State Commissioner of Police, CP Ari Muhammed Ali, has disclosed that kidnap suspects who sustained fatal injuries during an exchange of gunfire with a team of Rapid Response Squad, RRS Operatives in Asaba have died.

Delta bye-election: Police deploy 2,016 personnel

The Commissioner of Police in Delta State, Mr. Ari Muhammed Ali has deployed 2,016 personnel for Saturday’s bye-election in Isoko North Constituency of the state House of Assembly.

2023: It’s North Central turn to produce president – group

Ahead of 2023 presidential election, a group, under the aegis of North Central Patriot, has called on the region to agitate for presidency.