The Senate has commended President Muhammadu Buhari for assenting to the Companies and Allied Matters Bill passed by the National Assembly. The Senate spokesman and Chairman, Senate Committee on Media and Public Affairs, Senator Ajibola Basiru, in a statement said President Buhari’s assent to the bill had completed the final...
The Central Bank of Nigeria (CBN) has resumed provision of foreign exchange to all commercial banks for onward sales to parents wishing to pay schools fees and SMEs wishing to make essential imports needed to revamp economic activities across the country. This, the apex bank attributed to the gradual easing of...
The Securities and Exchange Commission (SEC) has announced that the first Capital Market Committee (CMC) meeting in 2020 is scheduled to hold from Thursday August 20 to Friday August 21, 2020. A CMC Meeting planned for April 2020 could not hold owing to the prevailing lockdown imposed by the FGN...
The Federal Government's effort to diversify the economy using agriculture as one of the key vehicles has received a boost in the form of a sophisticated commodity market and exchange. It is the Gezawa Commodity Market and Exchange (GCMX) Ltd, which is located in Gezawa Local Government Area of Kano...
TAJBank, Nigeria’s most innovative Non–Interest financial institution has announced a 150 billion naira Sukuk Bond as appointed by the Federal Government of Nigeria. TAJBank is Nigeria’s 2nd Non-Interest Financial Institution.  The Bank received its license from the Central Bank of Nigeria on July 12th 2019. The Bank offers an exciting array...
The Debt Management Office (DMO) said, it conducted the FGN Bond Auction for April 2020 on Wednesday, April 22, 2020 and as has been the trend this year, the Auction was oversubscribed. The Office said, it offered N60.00 billion Bonds across three (3) tenors to investors at the Auction –...
President Muhammadu Buhari on Friday signed the Companies and Allied Matters Bill, 2020 recently passed by the National Assembly. The President’s action on this important piece of legislation, therefore, repealed and replaced the extant Companies and Allied Matters Act, 1990, introducing after 30 years, several corporate legal innovations geared toward...
The Nigerian Capital Market Institute, NCMI is poised to enhance the market development role of the Securities and Exchange Commission by providing excellent capital market education to stakeholders in a bid to deepen the Nigerian Capital Market as well as boost investments in the capital market. This was stated by...
As the Coronavirus pandemic continues to ravage the world and businesses and individuals suffer the effects, Nigerians have been urged to look to the capital market as an avenue to create wealth. This was stated by the Acting Director General of the Securities and Exchange Commission, Ms. Mary Uduk in...
The dollar is set to crash to N386 as the Central Bank of Nigeria (CBN) announced it will begin the sales of foreign exchange to operators of the Bureau De Change (BDC) from Monday. CBN had stopped the forex sales for about four months. But in a circular on Thursday,...