By Philemon Adedeji The Nigerian Exchange Group Plc. (“NGX Group” or “the Company” or “the Group”) held its 61st Annual General Meeting (AGM) in Lagos during the weekend, where shareholders approved resolutions by the company’s Board of Directors. Mr. Apollos…
The exchange rate between the naira and the US dollar fell further to a record low of N735/$1, recording a dip of 0.68 per cent on Friday morning, 30th September 2022 on the black market, compared to N730/$1 recorded on…
The Nigerian All Share Index dropped by 1.63 per cent to close trading at 49,024.16 points on September 30, 2022, first time since 2019. The equities market has also sustained a bearish profile for four consecutive months since June this…
The Debt Management Office (DMO) says FGN Securities provides a rare opportunity for ordinary Nigerians to invest and earn regular income. Director-General of the DMO, Patience Oniha, said this on Thursday at FGN Securities Issuance Awareness Programme in Umuahia, Abia.…
The Securities and Exchange Commission has exposed new rules on Shariah Advisory Services for non-interest capital market products and services. According to the SEC, Shariah governance is crucial considering that compliance with Shariah rules and principles is important in Non-interest…
In line with its mission to develop technology solutions that connect and empower individuals, businesses, and communities across Africa, Quickteller, the consumer digital lifestyle and payments platform powered by Interswitch, has added Quickteller Transport to its arrays of innovative services.…
Nigeria’s Securities and Exchange Commission (SEC) has said that the passage of the proposedInvestments and Securities Bill (ISB) will check the rise of Ponzi/Pyramid schemes as well as other illegal investment schemes. This was disclosed in a statement by the…
Thirteen listed Nigerian banks paid the sum of N291 billion as wages and salaries to their staff in the first half of the year, an 11.8 per cent increase, compared to the N260.36 billion recorded in the corresponding period of…
By Philemon Adedeji At the Nigerian Exchange Limited, equities market maintained negative posture as the key market indicator dipped further by 163.72 basis points as sell pressure persists. The downturn was impacted by losses recorded in medium and large capitalised…
The securities and Exchange Commission has said that the passage of the Investments and Securities Bill 2022 would aid the functioning of the capital market as well as facilitate the ongoing economic diversification in the country. This was stated by…
