The Securities and Exchange Commission (SEC) Nigeria has assured the investing public that it will continue to deploy its enforcement mechanisms, including collaboration with other relevant government agencies and stakeholders, in its bid to curtail the activities of Ponzi schemes. The commission’s Executive Commissioner Operations, Mr. Dayo Obisan, made this pledge during an Investor Education […]
The Central Bank of Nigeria (CBN) has issued new guidelines for use by individuals and entities applying for licence to operate as banks or other financial institutions in the country. The latest guidelines, issued by the CBN under the auspices of the Anti-Money Laundering, Combating The Financing of Terrorism, and Countering Proliferation Financing of Weapons […]
The International Organization of Securities Commissions (IOSCO) has set some reform agenda for capital markets regulators globally to protect investors and by implication, ensure sustainable growth of their bourses. The umbrella body for capital market regulatory institutions globally in its just published report titled ‘Investor Behaviour and Investor Education’ noted that the COVID-19 pandemic did […]
Nigerian Exchange Limited (NGX) trading session closed negative on Tuesday as investors lost N62 billion following bears’ return of hold on the bourse. At the end of the session, the All-Share Index (ASI) dipped by 0.23% to close at 47,322.97 points while the market capitalization depreciated by N62 billion, thereby dipping the market value to N25.7 […]
Analysts at Bancorp Securities Limited, one of Nigeria’s leading investment research and consulting firms, on Monday predicted that the nation’s equities market would sustain its positive momentum this week as investors will rev up search for value-yielding stocks with good potential for return on their investments. The investment researchers, in the firm’s ‘Weekly Stock Recommendations: […]
The Securities and Exchange Commission (SEC) Nigeria has cautioned fund managers still in the habit of holding on to client’s funds and securities to desist from such unprofessional or unethical practice or face appropriate sanctions. The commission’s Director-General, Mr. Lamido Yuguda, gave this warning while briefing journalists at the weekend on the key decisions taken […]
The Nigerian Communications Commission (NCC) has said that the ongoing process to auction two additional lots in the 3.5GHz spectrum for Fifth Generation (5G) is part of efforts that will further liberalize access to high-speed mobile broadband for all Nigerians. The Executive Vice Chairman/Chief Executive Officer (EVC/CEO) of NCC, Prof. Umar Danbatta, made this remark […]
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has stressed the criticality of investor confidence in accelerating the nation’s capital market given its potential to increase domestic and foreign investment in the bourse. The minister, who made this remark during the launch of the revised Capital Market Master Plan in Lagos Thursday, […]
The World Bank Group has rated Nigeria’s fiscal system, in terms of revenue generation and inefficient use of resources, among the lowest globally and canvassed the need for the Nigerian governments to embark on macroeconomic and fiscal reforms to lift Nigeria’s development outcomes. The Washington D. C-based development finance institution’s latest position on the nation’s […]
The Debt Management Office (DMO) on Monday offered N100 billion “Ijarah Sukuk’’ bonds for subscription at N1,000 per unit on behalf of the Federal Government. It stated that the offer, which opened the same day it made the announcement, is of 10-year tenor due for maturity in December 2032 and the bonds were issued by […]