26
Oct
October 26, 2022
| Access Holdings to acquire equity in Sigma Pensions – Punch |
| Access Holdings Plc, trading as Access Corporation, on Tuesday, announced that the National Pension Commission and the Federal Competition and Consumer Protection Commission had granted their approvals to the proposed acquisition by First Guarantee Pension Limited and First Ally Asset Management Ltd of the entire issued shares of Actis Golf Nigeria Ltd, and by extension, Sigma Pensions Ltd.…………Read More |
Fuel scarcity grounds Lagos, Ogun, Abuja, commuters stranded – Punch |
| Petrol scarcity hit different parts of Nigeria on Tuesday, forcing motorists to spend hours at filling stations while battling to get the product. Black marketers had a field day, selling a litre of fuel at N300-N400 in many parts of the country. Many motorists were forced to patronise them as the unpalatable alternative was to wait for hours in filling stations……….Read More |
Foreign, Domestic Investors’ Stake in Stock Market Down 33.94% on Global Economic Headwinds – Thisday |
| Influenced by global and domestic challenges, domestic and foreign investors reduced their portfolios in the Nigerian equities market by 33.94 per cent in September to N81.90 billion ($187.09 million) from N123.97 billion ($289.04 million) in August 2022. The latest “Domestic & Foreign Portfolio Participation In Stock Trading” report of the Nigerian Exchange Limited (NGX), showed that domestic and foreign investors’ portfolio suffered the worst decline in 2022………..Read More |
CBN records N8bn transaction on eNaira platform – Punch |
| The Governor, Central Bank of Nigeria, Godwin Emefiele, said the digital currency, eNaira, has recorded N8bn transactions in its one year of introduction. He disclosed this while delivering his speech at the ‘eNaira 1-year anniversary’ event in Lagos on Tuesday………Read More |
SEC Lauds NGX for Driving Sustainability, Investor Resilience in Capital Market – Thisday |
| The Securities and Exchange Commission (SEC) has commended NGX and NGX RegCo for their efforts towards fostering sustainability and investor resilience in the Nigerian capital market. Speaking at the Closing Gong ceremony held in commemoration of the International Organisation of Securities Commissions’ (IOSCO) World Investor Week organized by NGX in conjunction with the Securities and Exchange Commission (SEC) and NGX Regulation Limited, the Director-General of the Securities and Exchange Commission (SEC), Mr Lamido Yuguda, represented by the Executive Commissioner, Operations, SEC, Mr Dayo Obisan, said the World Investor Week was a crucial part of the SEC’s 10-year Capital Market Masterplan………..Read More |