Analysts at Bancorp Securities Limited on Tuesday projected that trading in the nation’s stock exchange will not be upbeat this week as investors continue to react to the monetary policy rate (MPR) hike by the monetary authorities last week. The investment experts in the firm’s ‘Weekly Stock Recommendations: Oct 4- Oct 7’ predicted: “We expect […]
Nigeria has been re-elected into the International Telecommunication Union (ITU) Council, a United Nations specialized agency that oversees global telecommunication operations, in recognition of the country’s critical roles on the global telecom stage. Nigeria will serve on the Council again from 2023-2026. Nigeria and other countries’ election for a four-year term on Monday into different […]
The Securities and Exchange Commission (SEC) Nigeria has said that the non-interest capital market has enormous potentials and capable of improving the market capitalization by 25% by the year 2025. The SEC Director General, Mr. Lamido Yuguda, made this remark during a meeting with the Executives of Non-Interest Financial Institutions Association of Nigeria (NIFIAN) at […]
The Nigerian Communications Commission (NCC) and the National Lottery Regulatory Commission (NLRC) have jointly set up a committee to work towards the protection of the interest of telecom consumers against malpractices that may attend mobile lotteries in the country. The committee was tasked with the responsibility of articulating measures to address mutual regulatory issues, including […]
The Centre for Promotion of Private Enterprise (CPPE), one of Nigeria’s private sector advocacy groups championing the cause of policy-driven economic policies and initiatives, has canvassed a 10-point strategic agenda needed to strongly position the nation’s economy on the path of sustainable growth in the years ahead. The Centre, in a Note signed by its […]
The World Bank on Thursday approved the Nigeria State Action on Business Enabling Reforms (SABER) Program-for-Results. The $750 million International Development Association (IDA) credit will help Nigeria accelerate the implementation of critical actions that will improve the business enabling environment in states. Nigeria has made progress in advancing reforms to eliminate constraints in the business […]
The FCT Police Commissioner, Mr Babaji Sunday on Thursday September 29 sent 20 policemen to enforce the Court of Appeal judgement that reinstated members of the ‘’Incorporated Trustees of Apo XK Extension Residents Association’’ titles to over 400 plots of land. The policemen accompanied about seven bailiffs from the FCT High Court to serve the […]
The Federal Government has commended the board and management of Development Bank of Nigeria (DBN) for its sustained funding interventions in the real sector of the economy over the years and charged the development finance institution to focus more on Small and Medium Enterprises (SMEs) in view of the sub-sector’s criticality to the nation’s Gross […]
The Securities and Exchange Commission (SEC) Nigeria has indicated that plans are going on to release a new guideline on Shariah Advisory Services for non-interest capital market products and services. The commission disclosed that the latest regulatory guideline had become imperative since Shariah governance is crucial considering that compliance with Shariah rules and principles is […]
The Naira depreciated again early Thursday at the parallel market, trading at N730/$1 which represented 0.69% depreciation compared to the N725/$1 it traded the preceding day. According to information obtained from black market traders, some confirmed that they sold at N735/$1 having bought at the exchange rate of N730/$1 as dollar scarcity continues to weaken the […]