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Uber has suspended the accounts of 240 users in Mexico who may have been in contact with drivers that ferried a person suspected of having the deadly coronavirus.

Uber wins license battle in London

Uber has won its battle to continue operating in London, one of its biggest markets globally, after a judge found that the company had sufficiently addressed safety concerns over driver verification.

SEC: Digital assets classification to protect investors

The Securities and Exchange Commission (SEC) has said that the recently released SEC Statement on Digital Assets and their Classification and Treatmen is aimed at boosting investors’ protection in the capital market.
President Muhammadu Buhari on Sunday said the federal government will provide relief materials for residents of Lagos and Abuja whom he ordered to stay-at-home as part of measures to curb the spread of the coronavirus.

President Buhari: It’ll be dangerous to go back to fuel subsidy era

President Muhammadu Buhari has warned that it would be economically dangerous for Nigeria to go back to the era of fuel subsidy, citing grave financial cost and a return to the era of long fuel queues as certain results.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE suspends six firms from trading shares

The Nigerian Stock Exchange (NSE) has suspended trading in the shares of six companies listed on its trading platform.

SEC educates investors on ‘investing in difficult times’

The Securities and Exchange Commission (SEC) has held a webinar to educate investors in the Nigerian capital market in understanding the rudiments of investing in difficult times.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Rising inflation: Experts urge central bank to stabilise exchange rate

Financial experts on Tuesday expressed concerns on the country’s rising inflation rate currently at 12.82 per cent, and called for stabilisation of the exchange rate.
Member Representing Ajaokuta Federal Constituency, Idirissu Lawal, has called on the Federal Government to take urgent step towards the conduct of a reliable population census in the country for effective planning.

Reps: Capital market can rescue Nigeria’s economy from collapse

The House of Representatives disclosed that a capital market is a viable option that should be utilized to rescue the Nigerian economy from collapse, especially with the impending downturn in the global economy.
Senator representing Kaduna Central zone, Malam Uba Sani, has flagged-off distribution of palliatives to two million households in the seven local government areas that makeup his constituency.

Senator Sani: New banking, financial bill long overdue

Senator Uba Sani representing Kaduna Central, in the upper chamber, stated that he is elated by the passage of his Bill for an Act to Repeal the Banks and Other Financial Institutions Act 2004.

SEC, NITDA partner on data protection

The Securities and Exchange Commission, SEC, has restated its preparedness to collaborate with the National Information Technology Development Agency, NITDA, in a bid to foster safe conduct of transactions and usage of personal data in the Nigerian capital market.

SEC, NITDA to collaborate on data protection in capital market

The Securities and Exchange Commission (SEC) has restated its preparedness to collaborate with the National Information Technology Development Agency (NITDA) to foster safe conducts and usage of personal data in the Nigerian capital market.
Nigeria Naira

Nigeria’s central bank ‘devalues’ Naira again

The Central Bank of Nigeria on Tuesday adjusted the value of the naira to exchange to the dollar at N381, as parts of measures to converge the nation’s multiple exchange rates and ensure stability.
The Director General of the Securities and Exchange Commission, SEC, Lamido Yuguda, has stated that the capital market has a lot of potentials for growth and development of Nigeria post COVID-19 and beyond.

New SEC chief Lamido Yuguda assumes office

The Director General of the Securities and Exchange Commission, SEC, Lamido Yuguda, has stated that the capital market has a lot of potentials for growth and development of Nigeria post COVID-19 and beyond.
Uber has confirmed that it’s buying on-demand delivery company Postmates in an all-stock deal valued at $2.65 billion.

Uber confirms $2.7 billion Postmates acquisition

Uber has confirmed that it’s buying on-demand delivery company Postmates in an all-stock deal valued at $2.65 billion. The announcement comes after a week of speculation which culminated in Bloomberg reporting earlier today that the deal was done, though neither company has responded to the claims until now.

US Supreme Court sets limits on SEC’s power to recover ill-gotten gains

The U.S. Supreme Court on Monday placed limits on the Securities and Exchange Commission’s practice of forcing defendants to surrender profits obtained through fraud as part of its enforcement of investor-protection laws in federal courts, but stopped short of disallowing such action.
The Acting Director General of the Securities and Exchange Commission, SEC, Ms. Mary Uduk, has been elected into the board of the International Organisation of Securities Commissions, IOSCO.

Mary Uduk hasn’t resigned as acting SEC chief – management

Management of the Securities and Exchange Commission, SEC, on Sunday denied that it’s Acting Director General, Ms. Mary Uduk, has resigned from the Commission.
He is Mr Lamido Yuguda whose appointment was announced by President Muhammadu Buhari in a letter sent to the Senate on Tuesday requesting the confirmation of Yuguda as the Director General of the Commission.

Capital market expert sets agenda for new SEC chief

Barring any last minute hitches, a substantive Director General will soon assume duty at the Securities and Exchange Commission (SEC), ending Ms Mary Uduk’s more than two years tenure in acting capacity.

Embattled SEC chief Mounir Gwarzo resigns

The embattled Director-General of the Securities and Exchange Commission (SEC), Mounir Gwarzo, has resigned from office.
President of the Senate, Senator Ahmad Lawan, presiding over plenary on Tuesday at the National Assembly, Abuja.4

Senate receives Buhari’s request to confirm new SEC chief, others

The Senate has received a request from President Muhammadu Buhari for the confirmation of Mr. Lamido Yuguda as the new Director-General of the Securities and Exchange Commission (SEC).

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#EndSARS: IGP orders police commanders to reclaim public space

Following widespread looting and arson by suspected hoodlums, the Inspector-General of Police, Mohammed Adamu, has ordered police commanders to immediately stop the descent to anarchy across the country.
Two persons, Ahmed Ibrahim, 58, and Saheed Makinde, 42, have been arrested with three guns that were found in their Toyota Corolla CE car on Saturday morning.

#EndSARS: Two men arrested with three guns in Ibadan

Two persons, Ahmed Ibrahim, 58, and Saheed Makinde, 42, have been arrested with three guns that were found in their Toyota Corolla CE car on Saturday morning.
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The statement signed by all members of the Southeast Caucus in the House, led by Deputy Whip, Rep. Nkeiruka Onyejeocha (APC-Abia), also condemned attacks on security units, police officers and cultural institutions.

#EndSARS: Southeast Reps caucus decry ethnicisation of protests

The South-East Caucus of the House of Representatives has bemoaned the impression in some quarters that the protest has been hijacked by some ethnic nationalists.
All Progressives Congress (APC) national stalwart Asiwaju Bola Ahmed Tinubu, has described as premature, talks about 2023 elections and the successor to President Muhammadu Buhari. To him, those making such calls do not love Nigeria.

Senator Tinubu: Casualties of Lekki shooting have some questions to answer

Four days after soldiers shot at peaceful protesters in Lekki, Bola Tinubu, the national leader of the All Progressives Congress (APC) says the victims of the incident need to answer some questions.