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Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC unveils regulatory framework for crowdfunding

In a bid to further deepen the nation’s capital market and enable it provide development capital for medium and small-scale enterprises of the economy, the Securities and Exchange Commission (SEC), at the weekend unveiled an exposure draft of its regulatory framework for crowd funding in the country.
Nigeria Naira

Nigeria ‘devalues’ naira as analysts asses market situation

As the Coronavirus, COVID-19, pandemic continues to take a toll on the Nigerian economy, the Central Bank of Nigeria, CBN, has technically devalued the naira to reflect market conditions as analysts and market operators said they are not surprised.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Nigeria: Coronavirus pandemic, oil price war have reinforced resolve to diversify economy

The federal government Monday declared that unfolding events of the past few months, the coronavirus pandemic and the oil price war have further reinforced its resolve to diversify the national economy.
Nigerian Stock Exchange NSE

Stakeholders hail NSE on demutualisation, list benefits

Capital market stakeholders have hailed the final approval given by members of the Nigerian Stock Exchange (NSE) to demutualise the exchange to become a profit-making and limited liability company, saying it will benefit the market and the economy.
The founder, Investment Banking and Trust Company (IBTC), Mr. Atedo Peterside, has identified macroeconomic stability, especially low inflation rate regime as a major panacea to attracting all types of investors into the Nigeria’s capital market.

Atedo Peterside: Why stock market is under persistent pressure

The founder, Investment Banking and Trust Company (IBTC), Mr. Atedo Peterside, has identified macroeconomic stability, especially low inflation rate regime as a major panacea to attracting all types of investors into the Nigeria’s capital market.
Debt Management Office (DMO)

Investors stake N458.2 billion for N140 billion FGN Bond

The appetite of investors to take up Federal Government Bond has remained unabated, as they staked a total of N458.2 billion for the N140 billion bond put on offer by the Debt Management Office (DMO), yesterday.
Stakeholders in the capital market have stressed the need to attract private and domestic capital for funding of critical infrastructure in the country.

Federal government urged to seek domestic capital for infrastructure funding

Stakeholders in the capital market have stressed the need to attract private and domestic capital for funding of critical infrastructure in the country.
Nigerian Stock Exchange NSE

Federal government urged to seek private, domestic capital for infrastructure funding

Stakeholders in the capital market on Thursday stressed the need to attract private and domestic capital for funding of critical infrastructure in the country.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC: Electronic offering‘ll reduce unclaimed dividends

Acting Director-General of the Securities and Exchange Commission, SEC, Ms. Mary Uduk has said that the introduction of electronic offering in the Nigerian capital market remains a major achievement that will help solve the problems of unclaimed dividends.

NSE optimistic on bullish market as equities’ return rises to N1.35 trillion

The Nigerian Stock Exchange (NSE) has expressed optimism that the current recovery at the stock market will be sustained. Its optimism is based on the improved macroeconomic conditions and favourable global economic outlook.
The bill sponsored by Chairman, House Committee on Media and Public Affairs, Hon. Benjamin Kalu, provides that all dividends by any shareholder after 24 months of declaration by a public company and venture capital meant for investment is usually high risk or new business that also has high potentials shall be categorised as unclaimed dividends.

House of Reps moves to establish unclaimed dividends trust fund

As part of efforts aimed at strengthening the capital market, the House of Representatives on resumption from the Christmas and New Year recess is expected to commence debate on a bill which seeks to establish Unclaimed Dividends Trust Fund in the country.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC: Master plan initiatives make capital market attractive

The Securities and Exchange Commission, SEC, said the various initiatives being implemented in the 10-year capital market master plan have made the capital markets more attractive to investors.
They said this in separate interviews with newsmen in Lagos while reacting to the appointment of Mr. Muhammad Nami as the new FIRS chairman.

Operators task new FIRS boss on VAT, withholding tax on capital market

Capital market operators on Tuesday urged the new Federal Inland Revenue Service (FIRS) chairman to ensure the removal of Value Added Tax on capital market transactions to boost investment in the country.
The Speaker of the House of Representatives, Femi Gbajabiamila, has called for an improved welfare package for teachers in Nigerian as they join their colleagues globally to mark this year’s World Teachers’ Day. 6

House of Reps begins investigation into ‘N126 billion unclaimed dividends’

The House of Representatives has directed its Committee on Capital Market and Institutions to investigate unclaimed share dividends in the capital market, valued at over N126.03 billion.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC wants capital market prospective investors to seek knowledge before investment

The Securities and Exchange Commission (SEC) has urged prospective investors in the capital market to seek knowledge before investing in the sector.
Nigerian Stock Exchange NSE

Low liquidity: Capital market operators task SEC, NSE, others on local participation

The capital market stakeholders have called on Securities and Exchange Commission, Nigerian Stock Exchange and other stakeholders to formulate strategies that would boost local participation in the nation’s bourse.
Governor of Lagos State, Mr. Babajide Sanwo-Olu, has promised the support of his administration for creative industry with a view to making the sector achieve a sustainable economic status. 2

Lagos governor seeks assembly’s approval for N250 billion loan

Lagos Governor, Babajide Sanwo-Olu, has re-ordered the 2019 Budget of the state with a letter to the state Assembly seeking a loan of N250bn.

SEC: Checklist review to promote capital market, efficiency

Acting Executive Commissioner Operations, SEC, Mr. Isyaku Tilde, stated this at the weekend at the engagement session with Association of Issuing Houses, Trustees and Solicitors on the commencement of checklist review.

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(FILES) In this file photo taken on November 7, 2019 French Economy and Finance Minister Bruno Le Maire leaves the Elysee palace in Paris after the weekly cabinet meeting. – France could see its deepest recession this year since the end of World War II, due to the coronavirus crisis, Finance Minister Bruno Le Maire warned on April 6, 2020. “The worst growth figure in France since 1945 was -2.2 percent in 2009, after the financial crisis of 2008. We will probably be very far beyond -2.2 percent” this year, Le Maire told a Senate panel. (Photo by Alain JOCARD / AFP)

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McLaren Chief Executive Officer Zak Brown REUTERS-Anton Vaganov

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Twitter users react to 5G network enabling coronavirus

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