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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.
The Central Bank of Nigeria (CBN) has suspended sales of foreign exchange to Bureau de Change (BDCs) until the COVID-19 pestilence is over.
The Central Bank of Nigeria (CBN) said Friday’s decision to peg the exchange rate of the Naira at N380 to the dollar is not a devaluation of the Nigerian currency.
As the battle to save the Naira from a free fall ensues, the Central Bank of Nigeria (CBN) has resumed a weekly rate regulation, with independent money transfer operations ordered to sale at N376/$1 to banks while end-users will get the US Dollar at N380.
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 Nigerian agricultural sector is set to witness a huge growth, as Heritage Bank Plc the lead settlement bank for Gezawa Commodity Market (GCMX) has collaborated with key stakeholders to revolutionise agricultural value-chain, aimed at providing fully integrated ecosystem for commodity Exchange.
The Nigerian Stock Exchange (NSE) on Wednesday announced the publication of the maiden edition of StockTown, a comic book aimed at promoting financial literacy in Nigeria.
Mr Oscar Onyema, NSE Chief Executive Officer, said at the official launch of the board in Lagos that the initiative was in line with the Federal Government’s diversification drive for economic growth and development.
Desire of the Management of Dangote Cement to ‘buy back’ 10 per cent of its entire issued shares from shareholders was unanimously granted on Wednesday as the company’s shareholders’ voted in support of the ‘share buy back’ plans. Dangote Cement, which currently has 17.04 billion fully paid up ordinary shares of 50 kobo each, would be buying back 1.70 billion shares.
An economist, Prof. Sheriffdeen Tella, on Friday urged the Central Bank of Nigeria (CBN) to pursue policies geared toward credit expansion for private sector in 2020.
Private and public sectors experts have advised governments at all levels to use the capital market to bridge funding gap and develop much-needed infrastructure.
The Federal Government has assured existing and potential American investors of its commitment to addressing issues of corruption, political instability and insecurity in the country.
Central Bank of Nigeria Governor, Godwin Emefiele, has said that ensuring price stability and growing the nation’s economy through unconventional policy is paying off.
The Nigerian Stock Exchange (NSE) has listed the Federal Government of Nigerian (FGN) N15 billion Green Bond. The bond has a coupon rate of 14.50 per cent on June 13, 2019 and is due to mature on June 13, 2026.
About 20 million jobs are at risk in Africa as the continent’s economies are projected to shrink this year due to the impact of the coronavirus pandemic, according an African Union (AU) study.
Germany has drawn up a list of steps, including mandatory mask-wearing in public, limits on gatherings and the rapid tracing of infection chains, to help enable a phased return to normal life after its coronavirus lockdown is set to end on April 19.
Super Eagles shot-stopper Daniel Akpeyi set to leave South African club Kaizer Chiefs for unknown Belgium team this summer.
Polytechnic students under the aegis of the National Association of Polytechnic Students (NAPS) have rejected plan by the Federal Government to invite Chinese doctors to help contain the coronavirus pandemic in the country.
The Nigeria Labour Congress (NLC) has expressed worries over the implications of the lockdown, due to Coronavirus pandemic, on jobs security in the country.
Dr Solomon Chollom, a Jos based Virologist, has called on the Federal Government to increase testing capacity for the novel Coronavirus (COVID-19) pandemic outbreak in the country.
As coronavirus continues to ravage the world, the Akwa Ibom State government is leaving no stone unturned in tackling the novel virus and other emergency medical cases in the state as governor Udom Emmanuel, in the company of medical experts, inspected 13 ventilators at the emergency unit of the Ibom Multi-Specialty hospital.
The Osun State Government has denied that six positive patients escaped from its isolation centre for Coronavirus Disease in Ejigbo.
Former Marseille president, Pape Diouf, has died aged 68 after contracting coronavirus, the club have announced.
The Sultan of Sokoto, Muhammad Abubakar, has described as unfortunate and misleading preaching by some Islamic clerics on government’s directives for citizens to stay home.