The National Metrology Institute (NMI) of the Standards Organisation of Nigeria (SON) has taken delivery of additional weight standards to boost the ongoing calibration of various weighbridges in use in the country. A statement from the office of the Director General, SON, Mallam Farouk Salim disclosed that the investment is...
Justice Ambrose Lewis Allagoa of the Federal High Court, Court 3, Ikoyi Lagos has fixed July 21st for the commencement of trial of Mr Michael Ukiye Diongoli, and his two companies, UK Dion Group and UK Dion Investment Limited on a 61 count charge of defrauding unsuspecting investors to...
The Securities and Exchange Commission (SEC) is to register and actively monitor brokers selling stocks for foreign companies in furtherance of its mandate of ensuring investor protection and market transparency especially for retail investors. This was disclosed by Executive Commissioner Operations of the SEC, Mr. Dayo Obisan during an interview...
Capital Market Operators have been reminded of the Securities and Exchange Commission’s directives on update of investors’ Know Your Customer information which it said is still in effect. This was stated by the Director General of the SEC, Mr. Lamido Yuguda at the First Post Capital Market Committee Meeting press...
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...
The Standards Organisation of Nigeria (SON), has said that plans are underway to commence full scale enforcement to rid the country of substandard steel products Mr Farouk Salim, the Director-General of SON, made the statement on Tuesday at a meeting with South-South and South East region of Steel manufacturers and...
The Federal High Court sitting in Abuja has adjourned to April 15, 2021 the case between the Federal Government of Nigeria and Dantata Success and Profitable Company and four others. The company and its promoters were last year charged before the Federal High Court in Abuja for investment fraud amounting...
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...
L-R,  Head, Finance and Accounts Securities and Exchange Commission,  Mr Frank Aul, Executive Commissioner Corporate Services, SEC, Mr Ibrahim Boyi and Executive Commissioner Operations, SEC,  Mr Dayo Obisan during SEC appearance before the Senate Committee on Finance at the National Assembly Abuja Recently. In a bid to ensure the nation...
The Nigerian Breweries Plc (NB) has been recognised as the biggest taxpayer in Kaduna, bagging the Kaduna State Internal Revenue Service (KADIRS) 2020 Highest Taxpayer, Pay-As-You-Earn Award. The company engages in the brewing and marketing of Lager beer, Stout and non-alcoholic malt drinks. The company’s product range includes Star, Gulder,...