The Securities and Exchange Commission (SEC) Nigeria on Tuesday sealed the office of Stockmatch Investments Ltd in Maiduguri, Borno State, for allegedly engaging in illegal investment activities. In a statement issued by the commission on the regulatory action, it disclosed that the sealing of the firm’s premises was in furtherance of its commitment to ensure […]
The Nigeria Customs Service, NCS, at Tin-can Island, Lagos, has impounded two containers from India with tramadol and codeine concealment with Duty Paid Value, DPV worth over N550.3 million. The Command also disclosed that two suspected were arrested in connection with the seizure, with the importer offering over $54,330 (N50 million) to be set free […]
The Centre for the Promotion of Private Enterprise (CPPE), a private sector advocacy group in Nigeria, has charged the Federal Government on the need for strategic and sequencing approach in the implementation of the current reforms targeted at correcting the abuses in the nation’s fiscal and monetary policies to improve the performance of the economy. […]
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 Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has assured Nigerians that the Federal Government, as part of its current efforts to end petroleum product importation soon, will ensure that the Port Harcourt refinery resumes operations by the end of this year. The minister, who was accompanied by the Minister of State […]
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 Nigerian equities market’s trading session on Friday closed on a positive note as the bearish sentiment that characterized the previous trading sessions subsided, resulting in N860 billion gains to investors. Following the bullish sentiment, the market capitalization grew to N35.881 trillion, representing 0.24% improved value over the preceding day’s figure of N35.795 trillion. As […]
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, […]