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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).
Mr Bayo Olugbemi has been sworn in as the 21st president-chairman of Council of the Chartered Institute of Bankers of Nigeria (CIBN).

Bayo Olugbemi sworn in as new CIBN president

Mr Bayo Olugbemi has been sworn in as the 21st president/chairman of Council of the Chartered Institute of Bankers of Nigeria (CIBN).
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.

SEC reopens, demands full disclosures from market operators

The Securities and Exchange Commission, SEC, has reminded regulated entities in the capital market to continue to make adequate disclosures on the impact of COVID-19 on their businesses.
The National Industrial Court in Abuja has ordered the Nigerian Bulk Electricity Trading (NBET) to pay a whistleblower, Sambo Abdullahi, all his salaries and other emoluments from December 22, 2017, till date.

President Buhari reconstitutes NBET board

President Muhammadu Buhari has reconstituted the Board of Directors of the Nigeria Bulk Electricity Trading Company Plc (NBET).
The committee is chaired by Prof. Akpan H. Ekpo, a former Director General of the West African Institute for Financial & Economic Management (WAIFEM), with Prof. Emmanuel Onwioduokit, HOD of Economics at the University of Uyo as Secretary.

Akwa Ibom names Prof. Akpan Ekpo, Stan Ekeh, 18 others in post coronavirus economic...

With Nigeria and the rest of the world still coming to grips with the COVID-19 pandemic which has hobbled global economies, the Akwa Ibom State Government is already looking ahead to repositioning its economy for a post COVID-19 world.
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.

Ethical entrepreneurs call for interest-free loans

Ethical entrepreneurs have called on the Federal Government to exemplify its commitment to the development of alternative finance through inclusion of non-interest windows in its various loan and intervention funding programmes.

Capital market support committee sets up N1 billion funding package to combat coronavirus

The capital market community led by the Securities and Exchange Commission (SEC) has launched a funding initiative with the aim of raising N1 billion to support the fight against Coronavirus (COVID-19) on the Nigerian economy.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Experts: How Nigeria’s stock market will survive coronavirus pandemic

Some experts are optimistic that the capital market would recover from the devastating effect of the COVID-19 pandemic and rebound in 2021.
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.

SEC denies plan to recruit new workers

The Securities and Exchange Commission (SEC) has urged the general public to disregard messages and videos being circulated in the social media of alleged recruitment by its acting Director-General, Mary Uduk.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

Official: Why SEC banned public companies from distributing gifts at annual general meetings

Publicly quoted companies were banned from distributing corporate gift items at their annual general meetings (AGMs) to avoid profits that should be shared to investors being spent on such gifts, Securities and Exchange Commission (SEC) said on Sunday.
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.

SEC chief Mary Uduk elected into IOSCO Board

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.

Recent Stories

The United States of America ambassador to Nigeria, Mary Beth Leonard, has said the recent visa ban to Nigerians will be reviewed, if certain conditions are met.

US envoy inaugurates emergency health operation facility in Bayelsa

The US Ambassador to Nigeria, Mary Beth Leonard, has inaugurated a state-of-the-art public health Emergency Operation Centre (EOC) in Yenagoa, Bayelsa State.
The Vice-President’s daughter, Kiki Osinbajo, has denied owning a property worth N800m in highbrow Wuse 2 area of Abuja.

VP Osinbajo’s daughter denies owning N800 million property

“It may be difficult for people like him to understand that a young woman can work hard and succeed on her own steam. Anyone can verify the ownership of the property of Glamd Africa at AGIS in Abuja. I am a tenant in the property. My landlord’s name is Musa Adams.”
The Benue State House of Assembly has been shut indefinitely to allow members and staff to undergo COVID-19 screening and treatment.

Benue Assembly suspends plenary for members to undergo coronavirus tests

The Benue House of Assembly has suspended its plenary sessions to allow lawmakers and members of staff to subject themselves to COVID-19 screening.

Benue university pro-chancellor, other staffers test positive for coronavirus

The Pro-Chancellor and Chairman of Council, Benue State University, Makurdi, Prof. Zacharys Gundu has tested positive for COVID-19.
Pep Guardiola says Bernardo Silva is one of the most special footballers he has ever coached despite the midfielder's dip in form this season – something for which the Manchester City boss takes his share of responsibility.

Pep Guardiola: Bernardo Silva’s bad form may be my fault

Pep Guardiola says Bernardo Silva is one of the most special footballers he has ever coached despite the midfielder's dip in form this season – something for which the Manchester City boss takes his share of responsibility.