Budgeting Economy News Extra Infrastructure & Capital Projects Investments/Capital Market Latest News Planning & Economic Development Political Economy

Raise Bonds to Fund Revenue Generating Projects – FG Urged

Key stakeholders in the nation’s fiscal system and investment space on Thursday advised the Federal Government to focus on raising bonds from the capital market as a means to financing revenue generating projects while working to reduce balance sheet borrowing. The advice was among other key resolutions reached at the Securities and Exchange Commission’s yearly […]

Economy News Extra Investments/Capital Market Latest News Planning & Economic Development

NSE Gets SEC, CAC’s Approvals On Demutualization Plan

The Nigerian Stock Exchange (NSE) has secured the final approvals of the Securities and Exchange Commission (SEC) and Corporate Affairs Commission (CAC) for its demutualisation plan, thereby concluding the Plan’s processes which commenced about two years ago. With the approved demutualisation plan, the NSE has now transformed to a new non-operating holding company, the Nigerian […]

Banking Economy News Extra Investments/Capital Market Latest News Political Economy

Implementation Of SEC’s 10-Year Master Plan On Course – Yuguda

The Securities and Exchange Commission (SEC) has confirmed that the implementation of its 10-Year Capital Market Master Plan (2015-2025) is gaining traction and expressed appreciation to all stakeholders that have supported its sustained drive to grow the nation’s capital market. Amongst the key objectives of the Plan, which was flagged off about six years ago, […]

Banking Economy News Extra Investments/Capital Market Latest News Revenue Technology

CBN Incentivizes Diaspora Remittance Recipients With N5/$ Bonus

The Central Bank of Nigeria (CBN) has introduced a new incentive to encourage inflow of Diaspora remittances into Nigeria. The incentive, tagged “Naira 4 Dollar Scheme”, was announced in a circular signed by the apex bank’s Director, Trade and Exchange Department, Mallam Saleh Jibrin, at the weekend According to the circular, the scheme, which would […]

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SEC Partners Attorneys-General Alliance To Combat Ponzi Frauds

The Securities and Exchange Commission (SEC) in partnership with the Attorney General Alliance Africa (AGA-Africa) will train law enforcement agencies, lawyers and the public on prevention of Ponzi scheme frauds in the country. A statement issued by a joint committee of SEC and AGA-Africa on Sunday indicated that the two-day webinar training with the title […]

Banking Economy News Extra Investments/Capital Market Latest News Planning & Economic Development Technology

Osinbajo Canvasses Regulation, Not Prohibition Of Cryptocurrencies

In what seems to be call for the moderation of the Central Bank of Nigeria’s (CBN’s) policy stance on the raging cryptocurrencies’ controversies in the country, the Vice President, Prof. Yemi Osinbajo, on Friday canvassed the regulation of cryptocurrencies rather than outright outlawing the digital currency in the country. Osinbanjo, in his speech at the […]

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Chevron Unveils $300Mn Green Energy Investment Fund

Chevron, one of the world’s major hydrocarbon resources industry operators, on Thursday unveiled a $300 million fund focused on low-carbon technology, as most global oil and gas entities continue to intensify their investment drives in green energy and tackle climate change problems. Over the past few years, most major energy companies have set targets to […]

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African Energy Chamber’s President Seeks Timely Passage Of PIB

The President of the African Energy Chamber (AEC), NJ Ayuk, on Friday urged the Nigerian Government to fast-track the Legislature’s ongoing deliberations on the Petroleum Industry Bill 2020 and enact it in view of its positive implications for improved investments in the continent’s energy sector. Ayuk, in an opinion article titled ‘Africa needs Pragmatic Free […]

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Chamber Charts Roadmap To Boost Investments In Africa’s Energy Sector

The Investment Committee of the African Energy Chamber (AEC) has concluded its second meeting since inauguration with the members unveiling a new agenda that will facilitate raising billions of US dollar investments for energy projects in Africa. A news report by the African Press Organisation(APO) Group distributed for the AEC indicated that the committee acknowledged […]

Banking Economy News Extra Investments/Capital Market Latest News National Assembly Political Economy Technology Telecomms

Again, CBN Justifies Stance On Prohibition Of Cryptocurrencies In Nigeria

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, on Tuesday stoutly justified its monetary’ policy forbidding crypocurrencies transactions in Nigeria, saying trading in the virtual assets is illegal and has no place in Nigeria’s monetary system. Emefiele, who re-affirmed the apex bank’s policy stance against the virtual currencies when he appeared before […]