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SEC Cautions Fund Managers Against Holding Client’s Funds, Securities
The Securities and Exchange Commission (SEC) Nigeria has cautioned fund managers still in the habit of holding on to client’s funds and securities to desist from such unprofessional or unethical practice or face appropriate sanctions. The commission’s Director-General, Mr. Lamido Yuguda, gave this warning while briefing journalists at the weekend on the key decisions taken […]
China’s FDI Flows Up 19.6% In 9 Months As Economy Remains Upbeat
Foreign direct investment (FDI) into the Chinese mainland rose, in actual use by 19.6 percent year on year (Y-o-Y) in the first nine months of the current year. According to the country’s Ministry of Commerce, while non-financial FDI into China totaled 859.5 billion yuan between January and September, FDI into the Chinese mainland totaled $129.3 […]
Lagos State Rakes In N103.4Bn IGR In Q1 2018
The Lagos State Government on Tuesday disclosed that it generated N103.476 billion as internally generated revenue in the first quarter of this year, representing 81 per cent of the total revenue of N141billion generated in the quarter. The figure is also about N6.7 billion higher that the N96.7 billion IGR raked in during the corresponding […]