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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.
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 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.
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.
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.
Stakeholders in the capital market on Thursday stressed the need to attract private and domestic capital for funding of critical infrastructure in the country.
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.
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.
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.
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.
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 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.
The Securities and Exchange Commission (SEC) has urged prospective investors in the capital market to seek knowledge before investing in the sector.
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.
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.
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.
Hellas Verona president, Maurizio Setti, said ‘Italy is in a war-like situation’ as Serie A clubs try to strike a deal with players amid the coronavirus crisis.
FIFA are reportedly ready to indefinitely extend the 2019/20 season, handing domestic leagues the power to decide their own fate in the coronavirus pandemic.
France is likely to see its deepest recession since the end of World War II this year because of the coronavirus crisis, Finance Minister Bruno Le Maire warned Monday.
Formula One is in “a very fragile state” due to the new coronavirus crisis and risks losing some of its 10 teams unless some big changes are made, McLaren boss Zak Brown warned on Sunday.
Some Twitter users had taken to their handle to express their opinions over claims that 5G network could be an enabler of COVID-19.
The Offa Professors Forum (OPF) has described the process that led to the appointment of Prof. Mohammed Akanbi as the Vice Chancellor, Kwara State University (KWASU), Malete, as unfair.
The Department of Petroleum Resources (DPR), Abeokuta Field Office, has warned the public not to store petroleum products or engage in panic buying during the lockdown.
Manchester United have cleared striker Marcus Rashford to step up his rehabilitation from a back injury that has kept him out of action since January.
It comes after the 20 Premier League clubs took part in a video conference call to try and plan a way forward as to when to start and how the season should be played out.
The sum of N500, 000 has been donated to the Bauchi State government to enable it to fight the spread of COVID-19 in the state.