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Nigeria’s Capital Importation Value Drops $1.03Bn In Q2

Nigeria’s total value of capital importation declined by -54.06 percent to $875.62m in the second quarter of the year (Q2 2021), up from $1.91 billion recorded in the preceding quarter. The second quarter capital inflows also represented a contraction of 32.38 percent when compared to the value of capital importation in the corresponding quarter of […]

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New NICON Insurance Board Seeks Workers’ Support To Reposition Coy

The new Board of the National Insurance Corporation of Nigeria (NICON Insurance) formally took over the reins of power with its maiden Board Meeting at the Corporation’s head office in Abuja held on Monday and solicited employees’ cooperation to grow the risk underwriting company. Addressing some NICON’s management staff, led by the Deputy General Manager […]

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Market Formation Framework Key To Solid Minerals Sector Devt – Sekibo

The Managing Director, Heritage Bank Plc, Ifie Sekibo, has identified market formation framework as crucial to optimally exploit Nigeria’s precious metal and solid minerals endowments for national development.. The seasoned banker made this remark during a webinar organised by the Securities and Exchange Commission (SEC) in collaboration with the Federal Ministry of Mines and Steel […]

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Osinbajo Restates FG’s Commitment To Attract Private Sector Investments

Nigeria’s Vice President, Prof. Yemi Osinbajo, has said that the President Buhari-led government is committed to mobilising the private sector to participate in the country’s economy for efficiency and sustainable growth. The Vice President ,who spoke at the webinar organised by the Bureau of Public Enterprises (BPE) in collaboration with the Nigerian Exchange Group (NGX) […]

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SEC Proposes N10m Registration Fees For Issuing Houses, Others

The Securities and Exchange Commission Nigeria (SEC) on Monday proposed N10 million registration fee for issuing houses, underwriters and fund managers. Currently the affected operators are paying only N500,000. The proposed fee was contained in a document posted on the commission’s website titled ‘Exposure of proposed new rule and sundry amendments to the rules and […]

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SEC Moves To Enhance CSDs’ Interconnectivity For Trading Efficiency

Nigeria Securities and Exchange Commission (SEC) has commenced moves towards the implementation of a framework to strengthen interconnectivity and interoperability among the Central Securities Depositories (CSDs) with a view to enhancing trading and settlement system efficiency in the nation’s bourse. The Commission in a Notice titled: “Interoperability among Central Securities Depositories: Proposed Interoperability/FMI Link Framework”, […]

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Technology: China’s Didi Global Inc Raises $4.4Bn In U.S. IPO

China’s biggest ride-hailer, Didi Global Inc, on Wednesday raised $4.4 billion by pricing its shares at $14 each in its upsized New York initial public offering (IPO), according to public filings According to Dealogic, a financial markets platform offering integrated content, analytics, and technology via a service to financial firms, with the raising of about […]

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NNPC Will Fund 20% Stake In Dangote Refinery With Loans – Kyari

The Nigerian National Petroleum Corporation (NNPC) on Tuesday said that its planned acquisition of 20 per cent stake in the $12 billion Dangote Refinery would be funded through borrowing The corporation’s Group Managing Director, Mallam Mele Kyari, who gave this hint during an interview with Channels Television, said that already negotiations were ongoing with some […]