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Investments and Securities Act
The Minister of Finance, Mrs. Kemi Adeosun, on Friday approved the reassignment of portfolios in the Securities and Exchange Commission (SEC).
The Nigerian Stock Exchange, NSE, has commenced moves to curtail the usual free fall in the share prices of newly listed companies.
The Federal Government of Nigeria has appointed Dr Abdul Zubair, the acting Director General of the Securities and Exchange Commission (SEC) with immediate effect. He was before the appointment, the Director in charge of External Relations in the Commission.
PenCom’s representative, Ibrahim Kangiya said the commission has instituted measures towards protecting pensions funds, assuring that, though there were still hitches, appreciable success was being expected soon.
SEC has also withdrawn the operating licences of Partnership Investment Company Plc and Partnership Securities Limited. The Chairman of the companies, Mr. Henry Omoragbon, was also suspended for a period of five years from engaging in capital market activities in Nigeria.
The Governor of the Central Bank of Nigeria, (CBN) Mr Godwin Emefiele on Tuesday disclosed that the bank would increase the number of items placed on import restrictions from 42 to 50.
The UN Office for the Coordination of Humanitarian Affairs (OCHA) said more than 80,000 Nigerians have been displaced due to ongoing violence in the North-East since November, 2018.
The Bureau for Public Enterprises (BPE) has signed an agreement to concession terminal ‘B’ of the Warri Old Port to Ocean and Cargo Terminal Services Limited.
The Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Tuesday said the Federal Government poverty alleviation initiatives are making an impact in reducing poverty.
Japan’s Naomi Osaka said she felt another Grand Slam title was close after routing an injured Elina Svitolina to reach the Australian Open semi-finals Wednesday.
The Academic Staff Union of Universities (ASUU) have asked the federal government to release N50 billion to demonstrate its commitment to the revitalisation of public universities, in line with previous agreements with their union.
The United Nations Humanitarian Coordinator in Nigeria, Edward Kallon, has expressed grave concern over the interruption of aid delivery to about 76,000 internally-displaced people in Rann, a town in eastern Borno State about 10 kilometers from the border with Cameroon, following a deadly attack by a non-state armed group.
Shortly after news broke on Tuesday that Chris Brown was detained in Paris, France, on allegation of aggravated rape of a woman, the R&B singer has broken his silence.
Two individuals have allegedly fraudulently obtained N12m from one Oniye Wunmi on the pretext that they wanted to help him secure employment in State House Clinic, Abuja.
The Independent National Electoral Commission (INEC) says it is ready for the conduct of the forthcoming general election.