The Nigerian equities market closed bearish on Thursday as decline in the stock price of FBHN, ZENITH and 18 others reversed previous day’s gains, dipping the market capitalization by N25 billion at the end of the day’s trading. As a result, the All Share Index (ASI) and market capitalization decreased by 0.10%, while the Year-to-Date (Y-T-D) […]
The Organisation of Petroleum Exporting Countries (OPEC) has projected that in order to sustain oil and gas sector’s contribution to global energy needs, investments should increase by $500 billion yearly in the sector from now to 2045, implying about $12.1 trillion investment during the period. The oil cartel’s forecast was contained in its 2022 World […]
The Director General of the Securities and Exchange Commission (SEC) Nigeria, Mr. Lamido Yuguda, has said that given her rich human and natural endowments, Nigeria is positioned to embrace sustainable finance principles required to attract investment for Africa’s sustainable growth. Yuguda made this remark during a lecture he delivered to mark the IOSCO World Investor […]
The Securities and Exchange Commission (SEC) Nigeria has said that the non-interest segment of the capital market is capable of financing the housing sector and by so doing lead to better well-being of the citizenry as well as improved performance of other sectors of the nation’s economy. Director-General of the SEC, Mr. Lamido Yuguda, who made […]
The Nigerian Communications Commission (NCC) has offered two slots of 3.5GHz spectrum band for auction before end of 2022, to enhance the deployment of Fifth Generation (5G) services in Nigeria. The process, which was made public on 21st October 2022 with the publication of the Draft Information Memorandum (IM) for the auction on the Commission’s […]
Nigeria’s currency, the Naira slightly recovered in exchange value against the US dollar at the black market on Monday and traded at N753/$1 compared to the N755/$1 it traded on Friday. According to information sourced from black market traders by our correspondent, the appreciation of the Naira at the parallel market was due to increased […]
Nigeria’s Ambassador to the Russian Federation, Prof. Abdullahi Shehu, on Sunday restated Federal Government’s plans to resuscitate the Ajaokuta Steel Company, one of nation’s largest assets, through new discussions with potential Russian investors. The envoy was quoted by the News Agency of Nigeria (NAN) as giving this hint in Moscow during an interview, recalling that […]
The Association of Securities Dealing Houses of Nigeria (ASHON) has charged its members to commence adopting new business strategies to enable them cope with the emerging challenges and peculiarities of the operating environment and reposition their entities for improved competitiveness in the investment market. The Chairman of the association, Mr. Sam Onukwue, gave the charge during […]
The Securities and Exchange Commission (SEC) Nigeria, in collaboration with the Financial Literacy Technical Committee (FLTC), will from today through Friday this week join the global community to celebrate the 6th edition of the 2022 World Investor Week (WIW). The WIW is being coordinated by the International Organisation of Securities Commissions (IOSCO) and the key message […]
Investment analysts at Bancorp Securities Limited, one of Nigeria’s investment research and consultancies, have predicted cautious trading in the nation’s equities market this week as investors try to explore stocks with promising return opportunities following some days of the market’s not-too-impressive performances. The investment experts, in the firm’s ‘Weekly Stock Recommendations: Oct 24th–Oct 28th, 2022’ […]