The Bureau of Public Enterprises (BPE), late Sunday restated its earlier position that the Federal Government had no plans to sell the Transmission Company of Nigeria (TCN). The privatization agency made this clarification in a statement which came some few weeks after it hinted of plans to revive ailing government owned enterprises. Reacting to news […]
Investment analysts at Bancorp Securities Limited, one of Nigeria’s investment research and consulting firms, have predicted that investors would sustain cautious disposition in their investment moves this week at the equities market as the monetary authorities meet to decide on key lending rates. The experts projected: “We envisage an extension of cautious trading this week […]
The Naira sustained its sluggish trend against the US dollar in the parallel market in the early hours of Monday and traded at N713/$, a 0.14% depreciation from N712/$1 recorded on Friday, last week. Information obtained from the parallel market operators by our correspondent in the early trading hours of yesterday showed that the Naira […]
The Securities and Exchange Commission (SEC) Nigeria at the weekend expressed optimism that the passage of the proposed Investments and Securities Bill (ISB) will check the surging incidents of Ponzi/Pyramid and other illegal investment schemes in the country. The Director-General of the commission, Mr. Lamido Yuguda, was quoted in a statement that the passage of […]
FBN Holdings Plc has announced the completion of the acquisition of 100% of the share capital of Access Pension Fund Custodian Limited, a subsidiary of Access Bank Plc by First Pension Custodian Nigeria Limited, a subsidiary of First Bank Nigeria Limited. The Group’s Company Secretary, Barrister Adewale Arogundade, made this disclosure in a statement sourced […]
…..defends appointments of new directors The Nigerian Exchange Group Plc (NGX Group) has reiterated its commitment to upholding the highest corporate governance ethics in its operations in furtherance of its long-term strategy to ensure competitive returns for investors in the nation’s equities market. The Group, in a statement issued on Wednesday, assured that its […]
The Nigerian Exchange Limited’s All Share Index (NGX ASI) closed at 49,421.91 representing a marginal decrease by 0.05% at the close of Wednesday’s trading when compared with the previous close of 49,445.31. Also, the market capitalization closed at N26.658 trillion against previous close of N26.670 trillion just as the Year-to-Date (YTD) return stood at 15.70%. According to information provided […]
The Debt Management Office (DMO) has put the total indebtedness of the 36 states of the federation at N5.281 trillion at the end of the second quarter this year with Lagos State topping the chart with N797.304 billion. The latest statistics released by the Office on the subnational governments’ debt stock showed that Delta, Ogun […]
Speaker of Nigeria’s House of Representatives, Hon. Femi Gbajabiamila, on Tuesday harped on the importance of capital market to Nigeria’s development in view of its huge potential to increase investments in assets and wealth creation on a sustainable basis. The Speaker made this remark during a Public Hearing Call/Submission of Memoranda on the Investments and Securities Bill and the […]
A new report published by Ookla Insights on Speedtest Intelligence, which analysed the internet speed performance of four mobile service providers across 10 countries in sub-Saharan Africa, indicated that Airtel Nigeria delivered faster median download and upload speeds in Nigeria in Q2 2022. The report findings showed that in the 10 countries where the tests […]