Investment experts at Bancorp Securities Limited, one of Nigeria’s leading investment research and consulting firms, have projected that trading on the Nigerian Exchange this week would be hallmarked by positive sentiments amid profit-taking activities to characterize trading activities in the current week. The analysts, in the firm’s ‘Weekly Stock Recommendation: Aug 28 –Sept 01 2023’ […]
The Lagos Chamber of Commerce and Industry (LCCI), one of the leading organized private sector (OPS) groups in Nigeria, has charged the President Bola Tinubu-led administration to adopt prudent fiscal measures to spur the nation’s economic growth in view of the slowdown recorded in the second quarter of this year. The Chamber’s Director-General, Dr. Chinyere […]
The Nigerian Communications Commission (NCC) has disclosed that it has created over 1,200 for Nigerian youths in its 27 Emergency Communication Centres (ECCs) located across the geopolitical zones of the country. The commission, in a statement issued by its Director, Public Affairs Department, Reuben Muoka, also promised that more youths and professionals would be employed […]
President Bola Tinubu has said Nigeria it is no longer desirable for Nigeria to continue to service its debt with 90% of her earned revenue in view of the negative implications for the nation’s sustainable growth. The President, who made this remark on Sunday in Abuja while declaring open the annual conference of the Nigerian […]
The Nigerian Communications Commission (NCC) has listed one of the major achievements of some of recent policies, especially as it relates to local content development and specifically the ban on the importation of whole-body subscriber identification module (SIM) cards, as improved SIM manufacturing capacity in the country, The Executive Vice Chairman (EVC) of the commission, […]
The Nigeria Customs Service (NCS) has established a Standard Operating Procedure (SOP) for the implementation of Advance Ruling. Advance Ruling is a concept wherein the Customs Administration provides a written decision upon request from the importer concerning valuation, tariff classification, or origin of goods before they are imported. A statement by Chief Superintendent of Customs […]
The National Bureau of Statistics (NBS) on Friday disclosed that Nigeria’s Gross Domestic Product (GDP) grew by 2.51% year-on-year in real terms in the second quarter of 2023, representing 0.2% points higher than 2.31% recorded in Q1 2023 but 1.03% lower compared to 3.54% recorded in the corresponding period of 2022. The statistics agency’s ‘Gross […]
The Securities and Exchange Commission (SEC) on Friday reported that the unclaimed dividends in Nigeria’s capital market had risen to about N190 billion as many investors failed to claim their investment return accruals. The Director-General of the commission, Mr. Lamido Yuguda, made this disclosure during the commission’s virtual second Capital Market Committee (CMC) briefing which […]
The Niger Delta Development Commission (NDDC) has signed an agreement with KPMG, a multinational business management consultancy firm, to provide advisory services to the commission on global best practices in corporate governance culture and internal processes. The Managing Director, Dr Samuel Ogbuku, while speaking during the signing ceremony at the commission’s headquarters in Port Harcourt, […]
FMDQ Securities Limited (FMDQ Exchange) has approved a 100% upward review of the Commercial Paper Issuance Programme of Eunisell Limited, a company that specializes in the provision of speciality chemical solutions across a wide range of industrial users globally. The Exchange, in its letter conveying the upward review of the CP issuance programme to the […]