Home Topics Capital Market

Capital Market

Capital market operators oppose Nigerian government’s proposed unclaimed dividend fund

The proposed plan by the Federal Government to manage unclaimed dividends, projected to hit N200bn by the end of this year, has drawn the ire of capital market operators on the adverse effects on investor confidence and future growth of the market.

MAN, LCCI others blame recession on coronavirus, #EndSARS crisis

Nigeria has formally entered its second economic recession in five years as the severe impact of the COVID-19 pandemic on global crude oil prices and restrictions imposed to curb the virus caused the nation’s economy to contract for the second consecutive quarter by 3.62 percent in the third quarter of 2020.

Recession: Financial expert seeks aggressive implementation of ESP

Uche Uwaleke, Professor of Finance and Capital Market, has called for early passage of the 2021 Appropriation Bill and aggressive implementation of the Economic Sustainability Plan (ESP), as the country enters recession.

Investors kick as Nigerian government plans take-over of N158 billion unclaimed dividend

Investors in the Nigerian capital market have expressed disgust over the plan by the Federal Government to take over the N158 billion outstanding unclaimed dividend in the market.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Nigerian government provides additional reliefs for businesses, individuals in proposed finance bill

In its continued determination to cushion the socio-economic condition in the country even as the Economic Sustainability Plan (ESP) is in progress, the Buhari administration will be offering more tax incentives to Nigerians especially through the forthcoming 2020 Finance Bill.
Director General of the SEC, Mr. Lamido Yuguda, stated this on Tuesday at a Webinar organised by the Nigerian Stock Exchange (NSE), in collaboration with the Nigeria Governors’ Forum (NGF) and the Nigerian Investment Promotion Council (NIPC) with the theme: Privatisation in Nigeria and the Outlook for Subnational Economic Development.

SEC: Governments can unlock potentials by privatisation

The Securities and Exchange Commission, SEC, has stated that the Federal and State Governments have the capabilities to unlock enormous potentials through privatisation.
The Chief Executive Officer (CEO) of the Nigerian Stock Exchange (NSE), Oscar Onyema, has harped on the importance of market data as a fundamental tool for making sound financial decisions.

Oscar Onyema: Market data critical for investment decisions

The Chief Executive Officer (CEO) of the Nigerian Stock Exchange (NSE), Oscar Onyema, has harped on the importance of market data as a fundamental tool for making sound financial decisions.
The requests contained in three separate letters read at the beginning of plenary on Tuesday by the Senate President, Ahmad Lawan. 3

Capital market: Senate tasks stakeholders on economic recovery

To strengthen the confidence of investors in the capital market, the Senate on Wednesday tasked stakeholders on the need to revive the Nigerian economy.
LCFE’s Managing Director and Chief Executive Officer, Mr Akin Akeredolu-Ale, confirmed the plan at a programme to commemorate the 2020 World Investment Week (WIW) which focuses on financial literacy.

Lagos commodities exchange targets 10 million youth for empowerment

Barring unforeseen circumstances, the newly licenced Lagos Commodities and Futures Exchange (LCFE) is targeting no fewer than 10 million Nigerian youths for empowerment as commodities traders under its proposed seamless capacity building.
#EndSARS protests

#EndSARS: Economy loses N54 billion daily under curfew – bank

At the backdrop of the destructions of public and private properties and businesses in the wake of the #EndSARS protests, businesses have been counting their losses while economy experts have listed the immediate challenges the crises have thrown up against Nigeria’s struggling economy.

CSCS sensitizes financial market stakeholders on cyber-security

Central Securities Clearing System (CSCS) Plc, Nigeria’s capital market infrastructure, is ramping up its cyber-security advocacy as it sensitizes financial market participants on rising rate of cybercrime.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE, others commit to expanding retail investment opportunities in capital market

The Nigerian Stock Exchange (NSE), Nigerian International Securities Limited (NISL) and the Chartered Institute of Stockbrokers (CIS) on Monday commited to expanding retail investment opportunities in the capital market.
Zainab Ahmed

Nigeria’s recession will be short-lived – minister

This came as the Federal Government, yesterday, said despite the N2.3 trillion Economic Stimulus Plan put in place to contain impact of the Coronavirus (COVID-19) pandemic on the economy, there is the possibility that the third quarter, 2020 (Q3’20) Gross Domestic Product, GDP, growth rate will be negative, while the economy will relapse into a recession.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE strengthens investor protection, upgrades X-Whistle

The Nigerian Stock Exchange (NSE) has announced the upgrade of its whistleblowing platform, X-Whistle.

SEC educates investors on ‘investing in difficult times’

The Securities and Exchange Commission (SEC) has held a webinar to educate investors in the Nigerian capital market in understanding the rudiments of investing in difficult times.
Member Representing Ajaokuta Federal Constituency, Idirissu Lawal, has called on the Federal Government to take urgent step towards the conduct of a reliable population census in the country for effective planning.

Reps: Capital market can rescue Nigeria’s economy from collapse

The House of Representatives disclosed that a capital market is a viable option that should be utilized to rescue the Nigerian economy from collapse, especially with the impending downturn in the global economy.
Nigeria Naira

Coronavirus bailout funds will boost economy – capital market operator

A Capital Market operator, Mr Boniface Okesie, says there is need for the Federal Government to urgently give COVID-19 bailout funds to local companies to reposition the economy.

SEC, NITDA partner on data protection

The Securities and Exchange Commission, SEC, has restated its preparedness to collaborate with the National Information Technology Development Agency, NITDA, in a bid to foster safe conduct of transactions and usage of personal data in the Nigerian capital market.

Recent Stories

Rotimi Amaechi: Why I supported President Buhari in 2015, not Goodluck Jonathan

‘If I were tribalistic, President Goodluck Jonathan offered me the opportunity to remain in PDP, he offered me all sort of opportunities and I said that I have given my allegiance to Buhari because I am not tribalistic.
Adegboyega Oyetola

Governor Oyetola: Yoruba believe in unity of Nigeria

The Osun State Governor, Adegboyega Oyetola, on Saturday said the Yoruba people are a nation of hospitable, accommodating and warm people who believe in the oneness of Nigeria.
Bayelsa State Governor Senator Douye Diri has expressed the confidence that the Peoples Democratic Party, PDP, candidates will be victorious in the Saturday senatorial Bye-elections in the state.

Bayelsa bye-election: Senate is not a place for jokers – Senator Diri

Bayelsa State Governor, Douye Diri, on Saturday, says he is confident that his party’s candidates in the state’s senatorial bye-elections will win the two seats.
Leonardo Bonucci has scored in the 90th minute of the Turin derby to put Juventus ahead at the death.

Juventus hit back to beat Torino

Juventus came from behind to beat Torino 2-1 on Sunday with US midfielder Weston McKennie among the scorers for the first time since he joined the Italian champions on loan.
Mr Babatunde Gbadamosi, Lagos State governorship candidate of the Action Democratic Party (ADP) says it is obvious the people of Osun voted massively for Sen. Ademola Adeleke in the 2018 governorship poll.

Lagos bye-election: Babatunde Gbadamosi’s rigging claims laughable – APC

The All Progressives Congress (APC) has described as laughable the claims by Babatunde Gbadamosi, candidate of the Peoples Democratic Party (PDP) that Saturday’s bye election for Lagos East senatorial district was rigged in favour of Tokunbo Abiru.