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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.
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.
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 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.
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.
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.
To strengthen the confidence of investors in the capital market, the Senate on Wednesday tasked stakeholders on the need to revive the Nigerian economy.
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.
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.
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 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.
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 Nigerian Stock Exchange (NSE) has announced the upgrade of its whistleblowing platform, X-Whistle.
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.
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.
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.
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.
‘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.
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, 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.
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.
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.
Suspected armed bandits on Saturday disrupted the voting process during the State Assembly election in Oroji village in Rini ward of Bakura local government area of Zamfara state.
The Chairman, Senate Committee on Environment, Senator Ike Ekweremadu, has expressed the readiness of the Senate and the National Assembly to partner with the Nigerian Bottling Company, NBC, and the Food and Beverage Recycling Alliance, FBRA, to fight the menace of plastic pollution through recycling.
Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), has warned herders and all other members of the group to shy away from committing banditry, kidnapping, and all other forms of criminality in the country.
Nigeria has recorded more than 68,000 coronavirus infections after recording the highest daily tally since late August, on Thursday.
“Rai da Cuta” (Life & sickness) by Maryam Umar has won this year’s BBC Hausa short story contest for women.