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NSE launches comic book to boost financial literacy

The Nigerian Stock Exchange (NSE) on Wednesday announced the publication of the maiden edition of StockTown, a comic book aimed at promoting financial literacy in Nigeria.
Stakeholders in the capital market have stressed the need to attract private and domestic capital for funding of critical infrastructure in the country.

Federal government urged to seek domestic capital for infrastructure funding

Stakeholders in the capital market have stressed the need to attract private and domestic capital for funding of critical infrastructure in the country.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC may announce new recapitalisation programme for operators

Capital market operators should be bracing up for recapitalisation programme as indications emerged that the Securities and Exchange Commission (SEC) may introduce new minimum capital requirements.
Nigerian Stock Exchange NSE

Federal government urged to seek private, domestic capital for infrastructure funding

Stakeholders in the capital market on Thursday stressed the need to attract private and domestic capital for funding of critical infrastructure in the country.
L-R: Deputy Company Secretary, Dangote Cement Plc, Edward Imoedemhe; Chairman, Dangote Cement Plc, Aliko Dangote; Group Managing Director/CEO, Dangote Cement Plc, Engr. Joseph Makoju; and Non-Executive Director, Dangote Cement Plc, Olakunle Alake at the Dangote Cement Plc Extra-Ordinary General Meeting held in Lagos on Wednesday, January 22, 2020

Dangote Cement praised by shareholders on buyback plans

Desire of the Management of Dangote Cement to ‘buy back’ 10 per cent of its entire issued shares from shareholders was unanimously granted on Wednesday as the company’s shareholders’ voted in support of the ‘share buy back’ plans. Dangote Cement, which currently has 17.04 billion fully paid up ordinary shares of 50 kobo each, would be buying back 1.70 billion shares.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC: Our economy big enough for bigger capital market

The Acting Director-General of the Securities and Exchange Commission, Ms Mary Uduk, has said that Nigeria’s economy is big enough to accommodate a bigger and more attractive capital market.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC: Electronic offering‘ll reduce unclaimed dividends

Acting Director-General of the Securities and Exchange Commission, SEC, Ms. Mary Uduk has said that the introduction of electronic offering in the Nigerian capital market remains a major achievement that will help solve the problems of unclaimed dividends.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC: Market regulation now more efficient with technology

The Securities and Exchange Commission, SEC, has said that regulation of the market in a technology-driven era is now more efficient and that is why it is stepping up its use in regulation to ensure that investors in the capital market are adequately protected.
The bill sponsored by Chairman, House Committee on Media and Public Affairs, Hon. Benjamin Kalu, provides that all dividends by any shareholder after 24 months of declaration by a public company and venture capital meant for investment is usually high risk or new business that also has high potentials shall be categorised as unclaimed dividends.

House of Reps moves to establish unclaimed dividends trust fund

As part of efforts aimed at strengthening the capital market, the House of Representatives on resumption from the Christmas and New Year recess is expected to commence debate on a bill which seeks to establish Unclaimed Dividends Trust Fund in the country.
An economist, Prof. Sheriffdeen Tella, on Friday urged the Central Bank of Nigeria (CBN) to pursue policies geared toward credit expansion for private sector in 2020.

2020: Economist tasks central bank on credit expansion policies for private sector

An economist, Prof. Sheriffdeen Tella, on Friday urged the Central Bank of Nigeria (CBN) to pursue policies geared toward credit expansion for private sector in 2020.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC: Master plan initiatives make capital market attractive

The Securities and Exchange Commission, SEC, said the various initiatives being implemented in the 10-year capital market master plan have made the capital markets more attractive to investors.
Dangote Cement

Dangote Cement seeks shareholders’ approval for share buy-back

Dangote Cement Plc is seeking shareholders’ approval to embark on share buy-back in move aimed at improving return on equity and shareholder value.

Sovereign Trust Insurance lists 4.17 billion rights shares

Sovereign Trust Insurance Plc has listed additional 4.17 billion ordinary shares of 50 kobo each on the Nigerian Stock Exchange (NSE), the last step in its recent capital raising process.

Experts advise governments to use capital market for infrastructure funding

Private and public sectors experts have advised governments at all levels to use the capital market to bridge funding gap and develop much-needed infrastructure.
Chairman, Securities and Exchange Commission (SEC) Olufemi Lijadu has called for concerted efforts to strengthen the capital market to attract foreign investors.

SEC seeks partnership on capital market growth

Chairman, Securities and Exchange Commission (SEC) Olufemi Lijadu has called for concerted efforts to strengthen the capital market to attract foreign investors.
Mary Uduk

SEC assured on development of vibrant commodities trading ecosystem

The Securities and Exchange Commission (SEC) says the commission is committed toward ensuring that the commodities trading ecosystem in the country becomes vibrant to contribute to economic development.

Nigeria mulls national savings scheme to boost capital formation

The Federal Government is considering the option of national savings scheme in order to deepen the pool of investible funds and strengthen the Nigerian capital market for a more pivotal role in national growth and development.

Nigerian banks attract $4.74 billion foreign investments in six months

Data obtained from the National Bureau of statistics showed that the amount of investment attracted by 22 banks accounted for 33.16 per cent of the total amount of foreign investment recorded in the first half of the year, which stood at $14.31bn.

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Neymar criticises PSG injury handling after Borussia Dortmund defeat

Neymar has criticised Paris Saint-Germain’s handling of his recent injury after scoring in the 2-1 defeat at Borussia Dortmund, which leaves the French club facing the prospect of another early Champions League exit.
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Coronavirus: New research places Nigeria among high risk African countries

The study suggested other countries – among them Nigeria, Ethiopia, Sudan, Angola, Tanzania, Ghana and Kenya – would all need support with detecting and handling imported cases of the coronavirus.
Ignace Sossou quoted on his Facebook and Twitter pages comments made by Benin’s public prosecutor Mario Metonou at a media event to discuss fake news on December 17.

Facebook sued by US for $9 billion in unpaid taxes

That lawsuit went to trial in a San Francisco court on Tuesday, and the crux of the case is a 2010 deal between Facebook and an Irish subsidiary it uses to shuffle money around internationally. The IRS alleges Facebook undervalued the intellectual property it sold to the subsidiary, thereby dodging billions in taxes.
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Lionel Messi speaks out after Barcelona social media scandal

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The Buhari Media Organisation (BMO) says President Muhammadu Buhari’s administration will not implement policies that will affect the existence of the poor while raising revenue to fund the nation’s infrastructure projects.

BMO: President Buhari fully in-charge of critical affairs of government

The Buhari Media Organisation (BMO), says President Muhammadu Buhari is “fully in charge of critical affairs of government” in the country