The Chairman and Members of the Investment and Securities Tribunal have been urged to diligently work together to discharge the responsibilities of the tribunal. This was stated by the Minister of Finance, Budget and National Planning, Mrs. Zainab Shamsuna Ahmed, on the occasion of the swearing–in in Abuja of Barrister...
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 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,...
The Assets Management Corporation of Nigeria (AMCON) has seized the assets of Northrich Technologies Limited Company for the default in repaying about N500 million loan since 2011 windows for that was opened to it. According to a statement by AMCON on Wednesday, the promoters of the firm include Alhaji Mukhtar...
The Central Bank of Nigeria (CBN) on behalf of the Debt Management Office (DMO) has offered Nigerians N197 billion treasury bills of 91, 182 and 364 days tenor respectively on August 27, 2020. In a publication signed by the Government Security office of the apex bank yesterday in Abuja, it...
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...
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...
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 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...