Nigeria’s capital importation in the first quarter of the current fiscal years grew to $6,303.63 million, representing a significant year-on-year growth of 594.03 percent and a 17.11 percent growth over the figure reported in the previous quarter. The National Bureau of Statistics (NBS) attributed the geometrical increase in the capital inflow in the quarter under […]
The West African Securities Regulatory Authorities (WASRA) at the weekend agreed to converge existing rules of capital market regulatory agencies within the region as a strategic option of ensuring cross-border listing of companies The move is to allow foreign companies carry out their businesses within the region and assist in deepening the West African sub-regional capital […]
The Federal Government disclosed today that it raised N345.75 million from the sales of savings bond in March and April this year. According to the details of the debt instrument transactions published on website of the Debt Management Office (DMO) , N151.82 million was allotted in March and N193.93 million in the April sales. A […]
The Securities and Exchange Commission (SEC) Nigeria on Friday disclosed that plans were ongoing to ensure that companies seeking to raise funds through Initial Public Offering (IPO) in the capital market make such offering electronically in line with emerging trends globally. Already, a committee had been set up to consider the procedures and modalities the […]
The Federal Government has indicated its intention to offer for subscription by auction N90 billion worth of bonds next Wednesday, 25th April. The Debt Management Office (DMO) in a circular hosted on its website, stated that it would auction N30 billion of a five-year new issue maturing in April 2023 at an undisclosed rate. It […]
President Muhammadu Buhari opened his meeting with the British Prime Minister, Theresa May, today in London with a strong appeal for improved investments from the UK in the nation’s economy. The President, who said that he was very concerned about improving the security and economic situation of the country, restated his government’s commitment to the […]
The Minister of Finance, Mrs. Kemi Adeosun, today directed that Ms Mary Uduk should assume the position of Acting Director-General of the Securities and Exchange Commission (SEC) and also approved the re-assignment of some top officials. Uduk’s appointment and re-deployment of other top management staff may not be unconnected with the week’s conflicting directives from the commission […]
The Nigerian Stock Exchange (NSE) has explained why its earlier directive lifting the technical suspension earlier placed on Oando Plc’s shares was reversed and subsequently re-validated. The Exchange linked the conflicting directives to directives by the industry regulator, the Securities and Exchange Commission (SEC), The SEC had on Monday, through a letter directed the management […]
The Nigerian Stock Exchange (NSE) has announced plans to migrate Access Bank, Lafarge Africa, Seplat and United Bank for Africa (UBA) Plc to its Premium Board A statement issued by the NSE on the proposed initiative indicated that the four companies would be migrated to its Premium Board on 16th April following their fulfillment of […]
Trading activities in the nation’s stock market opened on a bearish trend with investors losing N234 billion, representing about 1.56 percent of total market capitalization on the first post-Easter holiday transactions. After the day’s trading, the market capitalization closed at N14.758 trillion compared to N14.992 trillion recorded last Thursday, March 29. Similarly, the All-Share Index […]