Coca-Cola Nigeria launches a new campaign, “Open Like Never Before”, its first since COVID-19 changed the world in so many ways. Coca-Cola in Nigeria temporarily suspended all planned marketing activity in April, redirecting resources towards communities and supporting its most affected retail partners. Alongside its bottling partners and The Coca-Cola Foundation,...
Professor of Finance and Capital Markets at the Nasarawa State University, Uche Uwaleke has predicted that the Central Bank of Nigeria (CBN)'s Monetary Policy Committee (MPC) may reduce the Cash Reserve Ratio (CRR) from the current 27.5% when the members meet later this month. Cash Reserve Ratio (CRR) is the...
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...
Investigations have revealed that Bara Finance and Investment Company Limited may be operating as a Ponzi scheme, as the the company is not listed among the registered Capital market operators registered by the Securities and Exchange Commission (SEC). The Company promises a return of 15% to investors on Six month...
The market capitalisation of the Nigerian Stock Exchange (NSE) on Thursday advanced by N26 billion to hit N13 trillion mark. Specifically, the market capitalisation closed higher at N13.005 trillion compared with N12.979 trillion recorded on Wednesday. In the same vein, the All-Share which opened at 24,882.04 improved by 48.30 points or...
Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), has announced its announces its unaudited results for the three months ended 31 March 2021, recording a rise in revenue by 16.8 per cent...
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 –...
The Independent Corrupt Practices and Other Related Offences Commission, ICPC, has dragged about 2,000 corporate entities into the country’s tax net, Chairman of the Commission, Prof. Bolaji Owasanoye, SAN, has revealed. The ICPC chief made this known on Tuesday in Abuja while responding to questions from journalists at the end...
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,...
Director General of the Securities and Exchange Commission(SEC), Mr. Lamido Yuguda has pledged the determination of the current management of the Commission to make the capital market more accessible to Nigerians in a bid to attract more investors. Yuguda who spoke during an interview in Abuja weekend, said this would...