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Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

Nigeria to prosecute ponzi scheme promoters

The Securities and Exchange Commission, SEC, has said it will continue to work to protect investors and also ensure the promoters of Ponzi schemes are made to face the full wrath of the law
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian equities market posts 0.10 per cent growth

The Nigerian equities market closed Thursday trading on upward trend, appreciating by 0.10 per cent, amid Dangote Cement gain.

IMF: Coronavirus recession could be worse than 2009

The world economy is facing “severe” economic damage from the coronavirus pandemic that could be even more costly than in 2009 and will require an unprecedented response, IMF chief Kristalina Georgieva said Monday.
Sokoto State Governor, Alhaji Aminu Tambuwal

Coronavirus: Sokoto cancels trade fair inauguration

Sokoto State Government has cancelled public inauguration of 2020 International Trade Fair organised by the Sokoto Chamber of Commerce, Industry, Mines and Agriculture (SOCCIMA).
South Africa’s rand traded slightly firmer early on Friday, recovering from a sharp dip in the previous session after the country confirmed its first case of coronavirus.

South African rand weakens ahead of inflation, retail sales data

South Africa’s rand weakened on Wednesday amid mounting fears over the fallout from the coronavirus crisis, while investors awaited consumer price inflation and retail sales data to gauge the health of an already battered domestic economy.
A biopharmaceutical employee at CureVac demonstrates research for a coronavirus vaccine at a lab in Tuebingen, Germany, on Thursday, March 12, 2020. Andreas Gebert - Reuters

Report: Donald Trump offered German firm cash for US coronavirus vaccine

The Trump administration offered large sums to a German company working on a coronavirus vaccine to make it available for exclusive use by the U.S., a German newspaper reported on Sunday.
The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, has said the Federal Government will welcome long-term agribusiness activities coming from Russia to Nigeria.

Nigeria to host maiden Afrika business, investment forum – ministry

The Federal Ministry of Industry, Trade, and Investment on Sunday said Nigeria is set to host the maiden edition of the Afrika Business and Investment Forum (AFRIBIF) 2020.
Governor Nasir El- Rufai has revealed that former Emir of Kano, Muhammadu Sanusi II is heading to Lagos to be with his family after leaving Awe, a town in Nasarawa State where he has been confined to since last Tuesday.

Governor El-Rufai: Mallam Sanusi going to Lagos, El-Rufai reveals

Governor Nasir El-Rufai has revealed that former Emir of Kano, Mallam Muhammadu Sanusi II, is heading to Lagos to be with his family after leaving Awe, a town in Nasarawa State where he has been confined to since last Tuesday.

CBN: Market unfavourable for Naira devaluation

The Central Bank of Nigeria (CBN) says market fundamentals do not support Naira devaluation this time around.

CBN: Nigeria won’t devalue Naira

Central Bank of Nigeria, CBN, Thursday night said it has enough foreign exchange reserves to maintain the current value of the naira and warned currency speculators to stop rumour mongering and causing panic in the market.
Nigeria Naira

Naira crashes to N420 to the dollar in parallel market

The severe pressure on Nigeria’s foreign exchange market has led to significant depreciation of the Naira across all the market segments, with JP Morgan predicting a further depreciation of the Naira before June.
A regional minister in Lombardy, the Italian region most affected by the novel coronavirus outbreak, has tested positive for the virus.

Stocks savaged, Italy on lockdown, Donald Trump seeks to reassure as coronavirus spreads

All of Italy under lockdown, reeling financial markets and rioting prisoners made clear on Monday how the global coronavirus epidemic was extending its reach into all aspects of social and economic life.
Lafarge SA

Coronavirus: Lafarge apologises over role in deadly virus spread to Nigeria

Khaled El Dokani, the country Chief Executive Officer of Lafarge Africa in Nigeria, has apologised for the company’s role in admitting the deadly coronavirus into Nigeria.
Nigerian Stock Exchange NSE

NSE may trigger circuit breaker to check stock market plunge

There are indications that the Nigerian Stock Exchange (NSE) may trigger its index circuit breaker if the stock market continues to plunge, in order to protect investors.
Steven Seagal, best known for fighting off bad guys with roundhouse kicks in movies like Above the Law, has settled a case with the Securities and Exchange Commission over promoting a cryptocurrency on social media.

Steven Seagal settles with SEC over 2018 cryptocurrency promotion

Steven Seagal, best known for fighting off bad guys with roundhouse kicks in movies like Above the Law, has settled a case with the Securities and Exchange Commission over promoting a cryptocurrency on social media. The action star will pay $314,000, and won’t be allowed to promote any security — digital or otherwise — for three years.

ECOWAS trains 150 ex-militants in Akwa Ibom

The Economic Community of West African States, ECOWAS, will partner Akwa Ibom State government to train 150 repentant militants in the state.
The Akarigbo of Remoland, Oba Babatunde Adewale Ajayi, yesterday, gave royal blessing to the 50-kilometre Value Jet Airlines Remo Ultra Race.

Ogun monarch berates killing of Remo Stars player

The paramount ruler of Remoland, Oba Babatunde Adewale, has reacted to the death of the slain footballer, Tiamiyu Kazeem, popularly called Kaka, on Tuesday in his palace.
China’s coronavirus outbreak showed no sign of peaking with health authorities on Friday reporting more than 5,000 new cases, while passengers on a cruise ship blocked from five countries due to virus fears finally disembarked in Cambodia.

China reports 5,000 new coronavirus cases, cruise ship disembarks in Cambodia

China’s coronavirus outbreak showed no sign of peaking with health authorities on Friday reporting more than 5,000 new cases, while passengers on a cruise ship blocked from five countries due to virus fears finally disembarked in Cambodia.

Recent Stories

Coronavirus: NMA rejects invitation of Chinese medical team

The Nigerian Medical Association (NMA) has rejected the planned arrival of a Chinese medical team to assist the country in its coronavirus (COVID-19) response.
National Public Health Reference Laboratory in Gaduwa, Abuja - NCDC - Coronavirus - Covid-19 -- 1

Nigeria’s confirmed coronavirus cases hit 232

Nigeria has confirmed eight new cases of Coronavirus, bringing the total national figures to 232 cases.
Shenzhen, a city in southeastern China, has become the first city in the country to ban the consumption of pets, such as cats and dogs, CNN has reported.

Chinese city bans consumption of dog, cats, others

Shenzhen, a city in southeastern China, has become the first city in the country to ban the consumption of pets, such as cats and dogs, CNN has reported.
Dr. Chikwe Ihekweazu has been Director General of the Nigeria Centre for Disease Control (NCDC) since the 15th of August 2016.

Nigeria confirms 8 more coronavirus cases, 32 discharged

As at 09:30 pm 5th April there are 232 confirmed cases of #COVID19 reported in Nigeria. Thirty-three have been discharged with five deaths.
“Stay at home,” Prime Minister Boris Johnson said in a televised address to the nation, as he unveiled unprecedented peacetime measures after the country’s death toll climbed to 335.

British premier Boris Johnson hospitalised over coronavirus infection

UK Prime Minister Boris Johnson has been admitted to hospital over his coronavirus infection.