The Securities and Exchange Commission (SEC) Nigeria has said that the safety of investors and their investments in the capital market is one of its cardinal objectives in rolling out its Regulatory Incubation Programme for Fintechs. The commission’s Director, Registration, Exchanges, Market Infrastructure and Innovation, Mr. Abdulkadir Abbas, who made this remark in Abuja, explained […]
The Director-General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, at the weekend charged African governments to remove all trade barriers, especially cost-related ones, in order to optimally explore the opportunities in the African Continental Free Trade Agreement (AfCTA) for national development. The foremost economist noted that the high costs African exporters were experiencing […]
The Nigerian equities market rebounded on Friday to close the week strong amid bullish buy and sell-offs session, with the capitalization rising by N29 billion at the end of the day’s trading Data from the Nigerian Exchange Group (NGX), the market’s supervisory institution, indicated that the All Share Index (ASI) gained +0.10% to close the […]
Nigeria’s currency, the Naira, depreciated against the US dollar in its exchange rate on Friday to trade at an average of N746/$1 at the black market, representing a dip in value by 0.13% from N745/$1 that was recorded in the previous trading session. Some BDC traders at the Federal Capital Territory spoken with by our […]
The Federal Executive Council (FEC) has approved an Operation and Management concession for the 360 megawatts Gurara II Multipurpose Dam & Hydro Power Plant and the 40 megawatts Kashimbilla Hydro Power Plant under a Public-Private-Partnership (PPP) model with a projected revenue target of N647.7 billion from the deal. The approval by the FEC was sequel […]
The Nigerian Communications Satellite (NIGCOMSAT Ltd) has partnered the National Petroleum Telecommunications Limited (NAPET), a subsidiary of the Nigerian National Petroleum Company Limited (NNPCL) to provide satellite services for monitoring sensitive equipment and services. The Managing Director of NIGCOMSAT, Engr. Tukur Lawal, who gave this hint when he led a high-powered delegation of the company […]
The Debt Management Office (DMO) has renewed its call to Nigerians, especially retail investors in the country, to explore the opportunities availed by the FGN Savings Bond offerings and other securities for good returns on their investments. The Director-General of the DMO, Ms. Patience Oniha, who gave advice on Thursday in Port-Harcourt, Rivers State, during […]
Nigeria’s currency, the Naira, sustained its losing streak in the parallel market on Thursday, to trade at an average of N745/$1, representing a 0.27% decrease in its exchange value of N743/$1 recorded in the previous day’s trading session. Information sourced from FX dealers in the Federal Capital Territory (FCT), indicated that the local currency’s sustained […]
The Director General, Budget Office of the Federation, Mr. Ben Akabueze has expressed some concern about Nigeria’s borrowing rate which is fast exceeding its borrowing limit Akabueze, who raised his concern about the surging public debt stock during the induction of newly-elected lawmakers of the 10th National Assembly at the International Conference Centre in Abuja, […]
The Board Listings and Markets Committee of the FMDQ Securities Exchange Limited (FMDQ Exchange) has approved the quotation of the Zedcrest Capital Limited N5 billion Series 1 Commercial Paper (CP) under its N15billion CP Issuance Programme. Zedcrest Capital, the Issuer, a subsidiary of Zedcrest Group, is a proprietary and capital management firm, investing in debt […]