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Nigeria’s Imported Capital Value Dips -7.78% In Q3

The National Bureau of Statistics (NBS) on Monday reported that the total value of capital importation into Nigeria in the third quarter of this year (July-Sept 2019) stood at $5,367.56 million, representing a – 7.78% drop from the value of capital imported in the preceding quarter. However, when compared with the value of capital imported […]

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CBN Director, Others To Appear As Witnesses In Mompha’s Trial

Following his pleading not guilty to a 14-count charge of money laundering, unauthorised forex trade and failure to comply with government’s trade and exchange policy, a Federal High Court in Lagos on Monday remanded a suspected money launderer, Ismaila Mustapha (aka Mompha) over his arraignment for alleged N33 billion fraud. This is even as the […]

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SEC Announces Removal Of Multiple Accounts Regularisation Deadline

The Securities and Exchange Commission (SEC) has removed the regularisation deadline earlier set for shareholders that opened accounts for the purchase of shares with different names to regularise them. The removal of the deadline, which was confirmed in a statement by the commission issued on Sunday, was part of the outcome of the third Capital […]

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NSIA Reports N68.3Bn Profit, To Get New $250Mn Support

The Nigeria Sovereign Investment Authority (NSIA) on Thursday disclosed that it posted N68.3 billion as profit from January 2018 to June 30 this year from its various investment activities. The Managing Director of state-owned investment authority, Mr Uche Orji, who made the disclosure at the end of the National Economic Council (NEC), meeting held in […]

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SEC Developing Teachers Guides On CMS To Boost Financial Literacy – Uduk

The Securities and Exchange Commission (SEC) on Thursday stated that it had commenced the development of teachers’ guides on Capital Market Studies (CMS) as part of the initiatives being taken to introduce the studies into the curriculum of schools nationwide. The Acting Director General of the commission, Ms Mary Uduk, gave this hint in her […]

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FGN’s N150Bn Bond Auction In November Oversubscribed – DMO

The Debt Management Office (DMO) on Thursday stated that the FGN Bond Auction, which took place on Wednesday, November 20, 2019 was over-subscribed significantly by investors. For the auction, the DMO offered N150 billion from three (3) Instruments (5-Year, 10-Year and 30-Year Bonds) for N50 billion each to investors The Office indicated that total subscriptions […]

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Vibrant Capital Market Crucial To Nigeria’s Sustainable Growth – Lijadu

The Chairman of the Board of the Securities and Exchange Commission, SEC, Mr. Olufemi Lijadu, on Wednesday said that a vibrant and policy-driven capital market remained a key factor that could help Nigeria realize her growth potential. Lijadu, who made this remark  while speaking at a breakfast meeting between the board and stakeholders in the […]

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Alibaba Raises $12.9Bn In Hong Kong’s Landmark Listing

Alibaba Group, Chinese e-commerce giant, has  raised up to $12.9 billion in a landmark listing in Hong Kong. The deal which will be seen as a boost to Hong Kong following more than five months of anti-government protests and its recent slide into its first recession in a decade, is the largest share sale in […]

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AfDB Seals $250Mn Risk-Focused Facility Pact With ABSA

The African Development Bank (AfDB) has signed an unfunded $250-million Risk Participation Agreement (RPA) facility with ABSA, a pan-Africa financial institution with a presence in 12 African countries. The 3-year RPA facility was signed November 12 on the sidelines of the Africa Investment Form through its trade finance operations. Under this 3-year RPA facility, the […]