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Nigerian Stock Exchange

The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Expert: NSE listing on exchange will boost economy

The authorization for the Nigeria Stock Exchange (NSE) to list at the Exchange will deepen the market and boost the economy, Mr. Boniface Okezie, a Capital Market Operator, says.

Dangote Cement announces N273 billion dividend for shareholders

Nigeria’s biggest public company Dangote Cement Plc said it would pay shareholders N16 for every share held in the company for the 2020 financial year, translating to a total dividend payout of N272.648 billion, a note published by the Nigerian Stock Exchange (NSE) on Friday.
Debt Management Office (DMO)

DMO raises N362.5 billion through Sukuk initiative

The Debt Management Office (DMO) has listed its third Sovereign Sukuk “N162.557 BILLION 7-YEAR 11.200% AL IJARAH SOVEREIGN SUKUK DUE 2027” on The Nigerian Stock Exchange and the FMDQ Securities Exchange.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE’s indices drop further by 0.13 percent

Key indicators of the Nigerian Stock Exchange closed on Friday with a loss of 0.13 per cent, as turnover volume increased by 73.59 per cent.

DMO: Nigerian roads financed with Sukuk not repaying debt as planned

The Debt Management Office (DMO) has decried the country’s debt service to revenue ratio, describing it as a major issue of concern.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian Stock Exchange completes demutualisation

The Nigerian Stock Exchange (NSE) has received final approvals of its demutualisation plan from the Securities and Exchange Commission (SEC) and Corporate Affairs Commission (CAC) leading to the completion of the exchange’s demutualisation process.
Nigerian Stock Exchange NSE

Former NSE chief makes case for more female stockbrokers

Former Director-General of the Nigerian Stock Exchange (NSE), Prof. Ndi Okereke-Onyuike, has called on more females to take a profession in the nation’s securities market.
The Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, on Monday restated the exchange’s commitment to the implementation of various initiatives aimed at promoting gender diversity and empowering women.

NSE boss restates commitment to gender equality

The Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, on Monday restated the exchange’s commitment to the implementation of various initiatives aimed at promoting gender diversity and empowering women.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Notore notifies NSE of management changes

Nigeria’s leading agro-allied company, Notore Chemical Industries Plc, has notified the Nigerian Stock Exchange, its shareholders and the general public of changes to its management.
The Board of Directors of FCMB Group Plc has announced the retirement of Peter Obaseki, the Chief Operating Officer of the financial institution, with effect from March 1, 2021. He was also an executive director of the group.

Peter Obaseki retires as FCMB chief operating officer

The Board of Directors of FCMB Group Plc has announced the retirement of Peter Obaseki, the Chief Operating Officer of the financial institution, with effect from March 1, 2021. He was also an executive director of the group.
Africa Development Bank (AfDB) is planning to invest $10 billion for the expansion of renewable energy projects in the continent, over the next five years.

AfDB provides $400,000 grant for SEC

African Development Bank Group (AfDB) on Friday signed a $400,000 grant agreement with the Securities and Exchange Commission (SEC) to strengthen securities market regulation and broaden market instruments.
Seplat Petroleum Development Company

Seplat releases full year audited result, to pay dividends

Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), has announced its audited results for 2020, recording a revenue of $530.5 million.
Ahmad said the Executive Chairman of FIRS, Muhammad Nami, disclosed this at the inauguration of the Inter-Ministerial Committee on Audit and Recovery of Back Years Stamp Duties and the unveiling of the FIRS Adhesive Stamp in Abuja.

FIRS chief: NSE’s demutualisation will strengthen investor confidence

The Executive Chairman, Federal Inland Revenue Service (FIRS), Alhaji Muhammad Nami, has said the demutualisation of the Nigerian Stock Exchange (NSE) will promote access to diverse investment opportunities and strengthen investors’ confidence in the capital market.

Oando: Court stops SEC from infringing on shareholders rights

The disgruntled shareholder, filed that the directive of the SEC suspending Oando's Annual General Meeting is in breach of his right to freedom of association as guaranteed under Section 40 of the Nigerian Constitution and Articles 9, 10 & 11 of the African Charter on Human and Peoples Rights.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE moves 307.79 million shares valued N2.91 billion in bearish trend

The Nigerian Stock Exchange (NSE) on Friday moved 307.79 million shares valued at N2.91 billion exchanged in 4,393 deals.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Operators identify factors discouraging foreign investors from stock market

Foreign investors’ low patronage of the Nigerian stock market has been attributed to scarcity of foreign exchange (FX) as well as concerns about the coronavirus pandemic.

Fidelity Bank Plc issues largest ticket Tier II local bonds in Nigeria

Fidelity Bank Plc has successfully issued 10 years N41.21 billion in fixed rate unsecured subordinated bond at a 8.5 percent coupon rate due in 2031.
An Airbus A380-800 passenger plane of the Emirates Airlines at Moscow’s Domodedovo Airport. Mikhail Tereshchenko - TASS - Getty Images

Airlines groan under new coronavirus safety protocols

Recent safety protocols enforced by many countries across the world, particularly those instituted by both the Nigerian and its United Arab Emirates counterpart by way of flight restrictions, are affecting both nations’ carriers economically.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE closes week in red, down by 1.40%

The market indices of the Nigerian Stock Exchange (NSE) closed in red on Friday, dropping by 1.40 per cent due to Dangote Cement price drop.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE lists capital market as viable funding source for SMEs

Nigerian Stock Exchange (NSE) has highlighted the capital raising opportunities in the stock market for Small and Medium Scale Enterprise, SMEs, in the country.

NSE: Zenith Bank tops value-traded stocks as investors gain N1.1 trillion YTD

Activity chart of the Nigerian Stock Exchange (NSE) for the last trading session of the month, Friday January 29, showed Zenith Bank atop Most-Traded stocks with a total value of N1.2 trillion and transaction volume of 44,956,083 shares.
aeroplane

Airline mortality: Aviation experts task operators on mergers

Stakeholders in the nation’s aviation industry have advised domestic airlines to merge into one mega carrier to beat the 10-year ceiling for closure and function smoothly.

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Italian Prime Minister Mario Draghi said on Wednesday that the United States and Britain should lift their block on the export of COVID-19 vaccines.

Italian premier calls for Euros final to be moved from Wembley

The prime minister of Italy has called for the Euro 2020 final to be moved from Wembley due to coronavirus concerns. Mario Draghi says the level of infection in the United Kingdom means alternative venues must be considered.
Ivory Coast President Laurent Gbagbo

Laurent Gbagbo files for divorce, to end 30-year marriage

Ivory Coast’s former president Laurent Gbagbo filed for divorce on Monday from his wife of three decades, his lawyer said, days after his highly anticipated return to the country.
Hon Justice Monica Bolna’an Dongban-Mensem is currently the Presiding Justice of the Court of Appeal, Enugu Division, Nigeria and Life Member of Body of Benchers.

Appeal court president inaugurates special court sitting 270 cases in Jos

The President of the Court of Appeal, Hon Justice Monica Dongban-Mensem, has organised a special court sitting in Jos where about 270 Motions and Appeals would be addressed for quick dispensation of justice.
The logo of MTN is pictured in Abuja, Nigeria September 11, 2018. REUTERS-Afolabi Sotunde-File Photo

MTN to invest N640 billion to expand broadband access

MTN Nigeria plans to invest N640 billion (approximately US$1.5 billion) over the next three years to expand broadband access across the continent’s most populous country, in line with the federal government’s 2020-2025 National Broadband Plan and in support of MTN Group’s strategy, Ambition 2025: Leading digital solutions for Africa’s progress.
The three survivors of Sunday’s sporadic shooting by a police operative in Enugu have regained consciousness, a medical doctor at the Enugu State University Teaching Hospital, Parklane, has said.

Enugu: Victims of police shooting stable – physician

The three survivors of Sunday’s sporadic shooting by a police operative in Enugu have regained consciousness, a medical doctor at the Enugu State University Teaching Hospital, Parklane, has said.

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Tottenham intensify talks with ex-Napoli coach

Tottenham management has said it was their decision to pull out of talks with former Roma coach Paulo Fonseca.
Bandits invaded the Federal Government Girls College, Birnin Yauri, Kebbi State on Thursday afternoon, kidnapped many students and killed some policemen.

Kebbi school attack: Bandits release pictures of abducted pupils, staffers

Heavily armed bandits, on Monday, released photographs showing some of the abducted students and staff members of the Federal Government College, Birnin Yauri in Kebbi State.

Ondo officials visit Edo to understudy revenue operation

The Ondo State Government has commended the technology-driven Edo State Internal Revenue Service, (EIRS), describing it as top notch.
A pack of AstraZeneca/Oxford vaccines is seen as the country receives its first batch of coronavirus disease (COVID-19) vaccines under COVAX scheme, at the international airtport of Accra, Ghana February 24, 2021. REUTERS/Francis Kokoroko/File Photo

WHO: Tanzania to request to join COVAX vaccine-sharing facility

Tanzania plans to request to join the COVAX global vaccine-sharing facility, the World Health Organisation (WHO) said on Thursday, the latest sign of the country's change of tack following the death of its COVID-19 sceptic president in March.
Hon Justice Monica Bolna’an Dongban-Mensem is currently the Presiding Justice of the Court of Appeal, Enugu Division, Nigeria and Life Member of Body of Benchers.

Appeal court president: I’ll continue to dispense justice with fear of God

The President of the Court of Appeal, Justice Monica Dongban-Mensem yesterday declared that she would continue to dispense justice in fear of God and according to the laws of the federation.