The Federal Government has inaugurated the new Board Members of the Securities and Exchange Commission (SEC) with a charge to explore innovative mechanisms and improve on digital currency transactions in regulating Financial market aimed at attracting investors both within and…
The chief marketing officer of Flincap, Oladotun Akangbe, has opined that blockchain is a groundbreaking technology set to revolutionise the real estate industry in Nigeria. More Nigerians are leveraging the technology to improve asset security, efficiency, and transparency of their…
Access Holdings Plc (‘the Group’), one of Africa’s leading financial services groups, has announced the commencement of its N351 billion Rights Issue (‘the Offer’). A subset of the Group’s Capital Raising Programme aiming to generate up to US$1.5 billion (One…
The naira ended a three-day depreciation trend at the parallel section of the foreign exchange (FX) market on Friday. The local currency appreciated by 0.98 percent to N1,525 on July 5 from the N1,535 per dollar traded on July 4.…
Nigeria is set to tap into its cryptocurrency market, which is valued at $56.7 billion, by implementing a 7.5 percent value-added tax (VAT) on crypto transactions. Starting on July 8, 2024, KuCoin, a crypto platform, will begin charging the 7.5…
…As investors lose N20.75bn as equities market crumble in one week The Nigerian equities market closed the week on a negative note as investors lost N23 billion at the close of trading on Friday. This followed the dip in the…
The Securities and Exchange Commission (SEC) has granted Access Holdings Plc approval for the commencement of its N351 billion Rights Issue (‘the Offer’). This marks a significant milestone in the Group’s previously announced Capital Raising Programme, which aims to generate…
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has advocated stronger collaboration with the Economic and Financial Crimes Commission (EFCC) to ensure recovery of unremitted revenues to the appropriate government coffers. The Chairman of RMAFC, Mr Muhammad Shehu, made the…
Investors on Tuesday recouped losess from Monday’s trading gaining N25.72bn. The market gain was fueled by strategic buying interests in NAHCO (+3.74%), FIDSON (+9.26%), ZENITHBANK (+2.59%), UBA (+2.25%), GTCO (+1.88%), NB (+0.34%), UCAP (+0.18%), and 16 others. Consequently, investors gained…
Conoil Plc has declared A profit after tax of N9.87 billion in 2023 financial year, about 99 percent growth from N4.96 billion declared in 2022. According to the company’s audited financial statement for 2023, the company posted a revenue of…
