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Nigerian Capital Market

SEC approves Access Bank’s book build for proposed green bond subscription

Securities and Exchange Commission (SEC), the institution in charge of regulating the Nigerian Capital Market has approved the book build in respect of the proposed Green Bond, issued by Access Bank Plc.
Mary Uduk

SEC: Technology vital to capital market development

The need for urgent embrace of technology to take the nation’s capital market to the next level has been reinforced by the Acting Director General of the Securities and Exchange Commission (SEC), Mary Uduk, who said the government will invest approximately to make Nigeria more globally competitive.
Mary Uduk

SEC: E-dividend registration will boost liquidity

The Securities and Exchange Commission, SEC, has enjoined more Nigerians to take advantage of the on-going e-dividend registration in a bid to reduce the unclaimed dividends profile as well as increase liquidity in the capital market and the economy.
Nigeria Stock Exchange

Stockbrokers decry low domestic patronage on NSE

The Chartered Institute of Stockbrokers on Friday decried the low level of domestic investors’ patronage in the capital market and urged government at all levels to prioritise capital market development.
Mary Uduk

Capital market committee approves plan to introduce e-IPO

The Nigerian capital market would soon introduce the electronic initial public offer (e-IPO) system in the country, the Securities and Exchange Commission (SEC) announced on Wednesday.
Skye Bank

House of Reps to probe Skye Bank takeover

House of Representatives Sub-Committee on Capital Market and Institutions will probe the recent takeover of Skye Bank Plc by Polaris Bank.

Capital market operators caution federal government on infrastructure financing

Stakeholders in the Nigerian capital market have urged the federal government to concentrate more on policies that would improve living standards of the people.

Institute reiterates commitment to rescuing economy

Following the political storms stunting Nigeria’s economic growth and development, the President and Chairman of Chartered Institute of Stockbrokers (CIS), Adedapo Adekoje, has affirmed the Institute’s commitment to rescue the country.
Nigeria Stock Exchange

Oscar Onyema: UK remains great ally for Nigeria’s capital market development

The chief executive officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, has averred that the United Kingdom remains a key partner to Nigeria, particularly for its capital market development.
National Assembly

Legislators lament inability of banks to provide long-term loans

The Joint Senate and House of Representatives committee on capital market have expressed worry over the failure of commercial banks to provide long – term financing instruments for projects in the country.

SEC: MTN Nigeria yet to file application for initial offer

MTN Nigeria is yet to formally submit any application in respect of its planned initial public offer (IPO), the Securities and Exchange Commission (SEC) said on Sunday.

FRC: 2018 corporate governance code will attract foreign investments

The Financial Reporting Council of Nigeria (FRC) has expressed the hope that the Nigerian Code of Corporate Governance 2018 will promote ease of doing business; attract local and foreign investments into the country.

House of Representatives commence probe of capital market operations

The House of Representatives sub-committee on Capital Market, Regulation and Compliance has started a probe in the capital market operations.

House of Representatives sub-committee probes 100 companies over alleged sharp practices

The House of Representatives sub-committee of the Capital Market on Regulation and Compliance has commenced probe into alleged sharp practices by some Public Limited Companies (PLCs) following plethora of petitions by shareholders in the sector.

Domestic investors sustain interest on Nigerian Stock Exchange

Domestic investors have continued to dominate trading on the equities market for three months in a row, as they traded N497.15 billion worth of shares for the first quarter, Q1, ended March 31, 2018.

Oando: We can finally reap return on our investment – shareholder

Speaking on the lifting of the technical suspension, Mr. Babatunde Badmus, Pacesetter Shareholder Association said: “We are happy the SEC and the NSE has finally heeded to the pleas of minority shareholders. It is unfortunate this took six long months, nonetheless we are pleased to finally be opportune to reap from the Company’s positive operations.”

Oando shareholders demand Minister Kemi Adeosun’s sack

Shareholders of Oando Plc have demanded the sack of Kemi Adeosun, minister of finance, for allegedly interfering with the stock market.

Minister explains reinstatement of trading on Oando shares

While the shareholder groups have accused Adeosun of “unwholesome interference” in the nation’s capital market and meddling in the operations of SEC, and demanded her immediate sack, the minister has denied the allegations, saying the shareholder groups were speaking out of ignorance.

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Ryan Giggs: Aaron Ramsey absence “a blow”

Wales manager Ryan Giggs said midfielder Aaron Ramsey missing his country’s opening Euro 2020 qualifier against Slovakia on Sunday due to injury is a “blow”.
Boboye Oyeyemi

Overloading: FRSC goes tough on offenders

The Corps Marshal, FRSC, Mr. Boboye Oyeyemi, says the commission will not rest on its oars until the campaign against vehicle overloading is achieved.
All Progressives Congress (APC) Nigeria

Kano rerun: APC dismisses PDP’s allegation

The All Progressives Congress (APC) in Kano State has dismissed the People’s Democratic Party (PDP)’s allegation on the importation of political thugs from neighbouring states.

PDP condemns alleged attack on agents, members in Kano

The Peoples Democratic Party (PDP) has condemned the alleged violent attacks and alleged killing of its agents and members by thugs allegedly unleashed by the All Progressives Congress (APC) at the Kano supplementary election.

Chad fires chief of staff after Boko Haram attack kills 23 soldiers

Chad President Idriss Deby has fired his armed forces chief of staff following the latest bout of unrest which culminated in a Boko Haram attack that left 23 dead.