Economy News Extra Investments/Capital Market Latest News Technology

Online Trading: INFINOX Boss Lists Criteria For Choosing Brokers

As public participation in online trading continues to accelerate at unprecedented levels since 2020, the Regional Director at INFINOX, a leading CFD trading broker with international presence and market expertise, Dany Mawas, has advised online traders, particularly the new entrants into the technology-driven trading space, to look for critical capacities and antecedents in brokerage partners […]

Banking Economy News Extra Infrastructure & Capital Projects Investments/Capital Market Latest News Manufacturing

AfDB, EIB Seal Pact On Investment Priorities For Africa

The African Development Bank (AfDB) and the European Investment Bank (EIB) today signed a joint partnership action plan highlighting their strengthened cooperation and mutual development priorities and a strong shared emphasis on boosting public and private sector investment in Africa. A news report circulated on behalf of the development finance institutions by African Press Organisation […]

Economy News Extra Investments/Capital Market Latest News

Stanbic IBTC Asset Management Gets ‘AA (IM) Rating

Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings PLC, has been assigned an AA(IM) investment manager rating with a Stable Outlook by Agusto & Co. Agusto and Co, a leading Pan-African rating agency, stated that the rating reflected the company’s sustained capacity in providing exceptional services to its customers. The rating firm stated: […]

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

Famzhi Interbiz Limited Not Registered For Fund Mgt Business -SEC

The Securities and Exchange Commission (SEC) has disclaimed the activities of Famzhi Interbiz Limited, saying that neither the entity nor the illegal products they offer in Nigeria is registered or regulated by the Commission. According to the SEC, “The attention of the Securities and Exchange Commission (the Commission) has been drawn to the illegal fund […]

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

SEC Nigeria, FSD Africa To Collaborate On Master Plan Review

The Securities and Exchange Commission, Nigeria (SEC Nigeria) and Financial Sector Deepening (FSD) Africa on Thursday announced plans to commence a joint review of Nigeria’s 10-year Capital Markets Master Plan (CMMP) to support the country’s economic resilience amid new economic challenges, including lower oil prices and the COVID-19 pandemic. The commission will work with FSD […]

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

Senate Passes Finance Bill 2020

The Senate on Tuesday passed the Finance Bill 2020 transmitted by the Executive to the National Assembly two weeks ago for consideration and passage. The passage of the bill was sequel to the consideration of a report by the Senate Joint Committee on Finance, Customs, Excise & Tariff, Trade and Investment, and Public Procurement. While […]

Economy News Extra Investments/Capital Market Latest News Manufacturing Picture Speaks

During A Meeting Between Management Of The Securities and Exchange Commission (SEC) And Standards Organisation of Nigeria (SON) In Abuja

L-R, Director General, Standards Organization of Nigeria (SON), Mallam Farouk Salim, Executive Commissioner Operations, Securities and Exchange Commission (SEC), Mr. Dayo Obisan and Director General SEC, Mr. Lamido Yuguda, during a meeting between managements of the Securities and Exchange Commission (SEC) and the Standards Organisation of Nigeria (SON) in Abuja

Banking Economy News Extra Investments/Capital Market Latest News

Fidelity Bank Excites Stock Market With Outstanding Performance, As Okonkwo Bows Out

The stock market players were in excitement mood on Wednesday with the smooth transition at Fidelity Bank Plc, when the Managing Director, Mr. Nnamdi Okonkwo, gave account of his 7-year stewardship and formally introduced his successor, Mrs. Nneka Onyeali-Ikpe, to stockbrokers. Speaking during the virtually held closing gong ceremony to formally close trading activities on […]

Economy News Extra Investments/Capital Market Latest News National Assembly Revenue Tax Transportation

Senate Seeks Zero Duty, VAT Exemption On Aircraft, Spare Parts

The Senate on Tuesday urged the Federal Government to fully implement the Executive Order on zero customs duty and zero Value Added Tax (VAT) on importation of commercial aircraft and aircraft spare parts. This is even as it advised the Central Bank of Nigeria (CBN) to make foreign exchange easily accessible for investors in the […]

Banking Economy News Extra Investments/Capital Market Latest News Oil & Gas Professionals & HR Devt. Revenue

World Bank Forecasts 40-Year Low Per Capital Income For Nigeria

The World Bank on Monday predicted that Nigeria’s per capital income could ebb to its lowest value in 40 years as the volatility of the oil market globally continues to take huge toll on government’s earnings and overall performance of the nation’s economy. World Bank Country Director for Nigeria, Mr. Shubham Chaudhuri, made the latest […]