Uber’s $82 billion valuation underwhelms in most anticipated IPO since Facebook
Uber priced its initial public offering on Thursday at the low end of its targeted range for a valuation of $82.4 billion, hoping its conservative approach will spare it the trading plunge suffered by rival Lyft.
VP Osinbajo: We will collaborate with NSE to enhance service delivery
Vice President Yemi Osinbajo says the Federal Government will welcome collaboration with the Nigerian Stock Exchange (NSE) in key aspects of the economy including the Ease of Doing Business and privatisation of public enterprises, among others.
Uber set to list stocks at $45 per share amidst drivers’ protests
Uber is set for its Wall Street debut Friday with a massive share offering that is a milestone for the ride-hailing industry and the so-called “sharing economy,” but which comes with simmering concerns about its business model.
SEC approves MTN’s application for listing
Last week’s application from MTN Nigeria requesting the registration of its existing securities in the capital market has been duly approved by Securities and Exchange Commission (SEC).
MTN Nigeria registers 20.35 billion shares
MTN Nigeria Communications Plc on Tuesday announced that it had successfully completed the registration of 20,354,513,050 ordinary shares of N0.02 each with the Securities and Exchange Commission.
MTN applies for listing on Nigeria Stock Exchange
The Securities and Exchange Commission (SEC) on Monday said that MTN Nigeria has formally applied for listing by introduction on the Nigerian Stock Exchange (NSE).
NSE: All-Share Index sustains growth by 0.14 per cent
The All-Share Index of the Nigerian Stock Exchange (NSE) sustained positive growth for the second consecutive day, growing by 0.14 per cent.
SEC: Why unclaimed dividends are increasing
The capital market has continued to record high incidence of unclaimed dividends due to the provision of inadequate proof of ownership of shares by investors, the acting Director General of the Securities and Exchange Commission (SEC), Mary Uduk, has said.
Equities market sheds 1.22 percent on sustained profit taking
The Nigerian equities market yesterday shed 1.22 per cent, causing market capitalisation to dip below the N11 trillion mark on sustained profit taking.
Trading maintains bearish trend on stock exchange, down by 0.74 per cent
The Nigerian equities market commenced trading for the week on Monday still on a bearish trend with the market indicators dropping by 0.74 per cent.
We’ll align 10-year master plan with current economic realities – SEC chief
Acting Director-General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk at the weekend assured that the 10-year developmental master plan of the commission will be reviewed and tailored to totally align with the current economic realities.
Tesla chief Elon Musk reaches deal with SEC over Twitter use
Tesla Chief Executive Elon Musk has reached a deal with the U.S. Securities and Exchange Commission to settle a dispute over Musk’s use of Twitter, according to a court filing on Friday.
MTN ready for listing on Nigerian Stock Exchange
MTN Nigeria Communications (MTN) on Wednesday announced that it had completed its conversion from a private company into a public company.
Olam offers N130 billion to acquire Dangote Flour Mill
Dangote Flour Mills, in a notice to the Nigerian Stock Exchange (NSE), said that the total consideration offered by Olam to acquire its five billion shares was N130 billion.
Panel recommends dismissal of suspended SEC chief Mounir Gwarzo
The panel set up to investigate Mounir Gwarzo, suspended Director General of the Securities and Exchange Commission (SEC), has recommended his dismissal.
Reports: Mounir Gwarzo awarded N33 million contracts in SEC to personal companies
Suspended Director General of Securities and Exchange Commission (SEC), Mounir Gwarzo, reportedly awarded contracts to a company in which he is a director to the tune of N33 million while in office.
Juventus shares plunge after Champions League exit
Shares in Italian club Juventus fell more than 17 percent in early trading on Wednesday after Cristiano Ronaldo’s side were knocked out of the Champions League quarter-finals by Ajax.
NSE all-share index rises 0.85% as Bellwether stocks lift market
Chams Plc led the price gainers with 10 per cent following investors sustained their high demand for the stock after it recovered from a loss in 2017 to profit last year.
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Airbus launches new long-range jet at Paris Airshow
Airbus Chief Salesman Christian Scherer said in Le Bourget, France, that with the new jet, one could fly from north-eastern Asia into south Asia; from the Middle East to Bali or from Japan deep into Australia.
Babachir Lawal: Court rejects EFCC uncertified documents
An FCT High Court, in Maitama, on Monday, rejected uncertified documents sought to be tendered by the Economic and Financial Crime Commission (EFCC) in the trial of ex- Secretary to the Government of the Federation (SGF), Mr Babachir Lawal.
Osun guber: Governor Oyetola, APC, INEC ask Supreme Court to dismiss Senator Adeleke’s appeal
Governor Adegboyega Oyetola, his party, the All Progressives Congress (APC) and the Independent National Electoral Commission (INEC) have urged the Supreme Court to dismiss the four appeals filed the candidate of the Peoples Democratic Party (PDP) in the last governorship election in Osun State, Senator Ademola Adeleke.
NAPTAN boss suggests introduction of PTA in tertiary institutions
Umaru Ebeyan, Nasarawa State Chairman of National Parents Teachers Association of Nigeria (NAPTAN), has called for the introduction of the association in all tertiary institutions in the country.
Ericsson updates 5G cell tower software to improve speed and coverage
Only a few companies are making the 5G cell tower hardware that will connect billions of devices to next-generation cellular networks, so when one of them issues a major software update, it can impact a huge number of people.
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President Buhari asks central bank to blacklist firms smuggling 43 restricted items into the...
President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to blacklist any firm, its owner and top executives caught smuggling any of the 43 items ineligible for foreign exchange (forex).
Former Governor Okorocha sworn in as Imo West senator
Former Imo State Governor, Owelle Rochas Okorocha was on Thursday sworn in as Senator representing Imo West Senatorial District.
Police parades pastor for allegedly raping lady in Cross River
The Cross River State Police command has paraded Pastor Hossana Okoi of Gate of Testimony Church Sierra Leone for allegedly raping a lady.
Governor AbdulRazaq appoints LAK Jimoh as Ameerul-Hajj for Kwara
Kwara State Governor AbdulRahman AbdulRazaq has appointed the popular historian and community leader Alhaji L’Aziz Kolawole (LAK) Jimoh as the leader of the state’s delegation to Hajj for 2019.
Abubakar Bwari: Mines and steel ministry spends N20 billion from intervention fund
Alhaji Abubakar Bwari, the immediate past Minister of State, Mines and Steel Development, said about N20 billion was spent from the N30 billion mining Intervention Fund given to the ministry.