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Independent Shareholders Association of Nigeria

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.
Nigerian Stock Exchange NSE

Experts: Capital market affected by instability

Ahead of the country’s independence anniversary celebrations on October 1, Nigerian capital market operators have identified some highs and lows of the market as the nation turns 59.
The All Progressives Congress, APC, has challenged newly sworn in ministers to justify the confidence reposed in them by President Muhammadu Buhari and all Nigerians, by settling down to work quickly, hit the ground running and consolidate on the progress that have been made in the various sectors.

Capital market operators task new ministers on recession

Some capital market operators on Thursday said there was the need for the new ministers to commence work without delay to revive the nation’s economy to avoid another round of recession.

Forte Oil shareholders task new management on sustainable dividends

Some shareholders of Forte Oil (FO) Plc on Tuesday tasked the new management of the company on continuous payment of dividend and adherence to good corporate governance.
Aliko Dangote

Dangote Cement to earn $700 million forex from terminals

The Dangote Cement Plc on Monday said its cement terminals being constructed in Lagos State and Onne in Rivers would be concluded before the end of this year.
National Salt Company Nigeria Plc (NASCON)

Shareholders laud NASCON over improved performance

Shareholders have commended the board and management of NASCON Allied Industries Plc for sustaining good performance despite the challenges in the operating environment.

Oando saga: Operators seek federal government intervention, laud SEC’s audit outcome

Capital market operators on Wednesday called for urgent intervention of the Federal Government in the conflict between the Securities and Exchange Commission (SEC) and Oando Plc.

Operators applaud judgment on Mounir Gwarzo reinstatement, task federal government

Some capital market operators on Saturday applauded the industrial court judgment on the reinstatement Malam Mounir Gwarzo as the Director-General of the Securities and Exchange Commission (SEC).

Operators fault MTN Nigeria listing over free float

Some stakeholders in the capital market have faulted the listing of MTN Nigeria Communications Plc on the nation’s bourse in spite of unavailability of the mandatory 20 per cent free float.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

Mix reactions trail SEC’s plan to regulate conduct of AGMs

Stock market operators on Monday expressed mixed reactions to plans by the Securities and Exchange Commission (SEC) to regulate conduct of Annual General Meetings (AGMs) and pre-AGMs.
election inec nigeria

Election rescheduling’ll affect inflow of foreign investments – experts

Financial experts on Saturday said the hasty postponement of the general elections by the Independent National Electoral Commission would create uncertainty and affect inflow of foreign investments.

Shareholders task SEC on minority investors’ protection

Shareholders have urged the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) to introduce policies that would enhance minority shareholders’ protection in 2019.
Nigerian Stock Exchange NSE

NSE investors’ net worth drops by N581bn in November

Investors’ net worth on the Nigerian Stock Exchange dropped by N581bn in November, amid ‘sell pressure’ ahead of the 2019 general elections and Yuletide celebrations.
Nigeria Stock Exchange

Stock market: Foreign investors pulled out N44 billion in September

Following sell pressure in the Nigerian stock market arising from growing political tension and security challenges in the country, foreign investors pulled out about N43. 78 billion from the local bourse last September.
NAICOM

Shareholders laud NAICOM’s cancellation of insurance recapitalisation

Shareholders on Monday commended the National Insurance Commission (NAICOM) over the cancellation of the Tier Based Solvency Capital recapitalisation.
Nigeria Stock Exchange

NSE: Financial analysts advise investors to increase stocks

Some financial analysts on Thursday urged capital market investors to take the advantage of the current low price of equities to increase their stocks in the market.

AMCON: Six banks pay N155.45 billion into sinking fund in three years

Six commercial banks have made payments totaling N155.45 billion into the sinking fund of Asset Management Corporation of Nigeria (AMCON) within three years, the News Agency of Nigeria (NAN), reports.

Four banks pay N493.2 million fines in 2 years

Four commercial banks paid fines totalling N493.27 million in two years for contravening the Banks and Other Financial Institutions Act (BOFIA), thereby depleting the shareholders’ funds of the banks.

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The Speaker of the House of Representatives, Rep. Femi Gbajabiamila (APC-Lagos), has announced the demise of a former member of the house, Rep. Tony Okey. 6

House of Reps moves to separate attorney-general from minister of justice

The House of Representatives is seeking to separate the office of the Attorney General of the Federation from that of the Minister of Justice, saying the separation will remove political interference in the operations of the Attorney General.
The number of Justices at the Supreme Court’s Bench has been reduced by one with the retirement of Justice Kumai Bayang Aka’ahs.

Justice Kumai Aka’ahs retires from Supreme Court

The number of Justices at the Supreme Court’s Bench has been reduced by one with the retirement of Justice Kumai Bayang Aka’ahs.

Rivers governor dares opponents, donates N20 million at book launch

Governor Nyesom Wike of Rivers State in Abuja on Tuesday dared his political opponents to do their worst as he donated N20m at the launch of a book titled, ‘The Big Interviews’, authored by Eric Osagie, a former Managing Director of The SUN.
There was wild jubilation in Sagamu on Saturday night after Anthony Joshua regained the WBA, IBF, and WBO heavyweight titles by defeating Andy Ruiz Jr.

Anthony Joshua replies Deontay Wilder, says tactics against Andy Ruiz deliberate

Anthony Joshua has defended his measured and tactful display against Andy Ruiz Jr, which saw him become a two-time heavyweight world champion.

Central bank expects 2.38% GDP growth by Q4

The Central Bank of Nigeria (CBN) expects to achieve 2.38 per cent Gross Domestic Product (GDP) growth rate in the fourth quarter of this year.