Tag - SEC

PUNCH CBN stops forex sale to BDCs, naira sinks to 285/dollar The Central Bank of Nigeria on Monday stopped the sale of foreign exchange to all the 2,786 licensed Bureau De Change Operators across the country.​[Read More…] Govt to enforce agreements with power firms The Federal Government on Monday commenced moves to enforce all contractual agreements …

PUNCH Nigeria, others need to boost refining capacity – OPEC The Organisation of Petroleum Exporting Countries has highlighted the need for more refining facilities in Nigeria and other African countries to meet their growing demand for petroleum products.[Read More…] Reduce $38 oil benchmark, TUC tells FG The Trade Union Congress of Nigeria, Rivers State Council, has …

PUNCH Sterling Bank gets ISO 20000-1 certification Sterling Bank Plc says it has received the TCIC ISO 20000-1 certification in recognition of its attainment of global best practices in service management.[Read More…] DAILY SUN CBN releases N250m agric loan to Lagos cooperative members Central Bank of Nigeria (CBN) has released N250 million to Lagos State Agro-allied …

PUNCH Dangote builds N7bn diagnostic centre in Kano Africa’s richest man, Aliko Dangote, through his Dangote Foundation, is building a N7bn state-of-the-art operating theatre and diagnostic centre at the Murtala Muhammad Specialist Hospital in Kano.[Read More…] Transcorp Ughelli Power changes name Transnational Corporation of Nigeria Plc has announced the successful merger of its two power subsidiaries, …

PUNCH FG spends N194bn on capital projects The Federal Ministry of Finance said on Wednesday that N194bn had been spent on capital projects between January and September this year.[Read More…] DAILY SUN NSE:‘Online trading to attract N1.5trn investments’ BASKING in the euphoria of the recent launch of its online trading platform,Trade Smart, the Nigerian Stock Exchange …

PUNCH N1.04tn fine: MTN may sack Nigeria management Indications have emerged that the MTN Group may this week call for the resignation of some management staff of its Nigerian subsidiary over the N1.04tn ($5.2bn) fine imposed on it by the industry regulator.[Read More…] VANGUARD CBN concerned about rising non-performing loans The Central Bank of Nigeria, CBN, …

PUNCH SEC, DMO to strengthen bond market The Securities and Exchange Commission and the Debt Management Office have entered into a partnership to ensure that funds raised by state governments from the capital market are properly utilised.[Read More…] Stanbic IBTC shares rise on CBN backing The shares of Stanbic IBTC Holdings Plc rose for the first …

  PUNCH CBN at loggerheads with FRC over Stanbic IBTC The Central Bank of Nigeria on Tuesday faulted the regulatory decisions taken by the Financial Reporting Council of Nigeria against Stanbic IBTC Holdings Plc.[Read More…] Exchange probes Oando after record loss The Nigerian Stock Exchange has invited Oando Plc’s audit committee and its external auditors as …

PUNCH Nigeria attracted most FDI capital among peers – EY Nigeria has attracted the most Foreign Direct Investment capital in sub-Saharan Africa since 2007, making it one of the star performers in a period the FDI flows into the region have been fairly robust, according to a new report by EY.[Read More…] Power firms seek …

PUNCH London, SEC to strengthen Islamic finance in Nigeria The Securities and Exchange Commission and the City of London on Tuesday pledged to work together to deepen Islamic finance in Nigeria in order to bring financial inclusion to Nigerian Muslims and non-Muslims averse to traditional financial system and products.[Read More…] ETI scraps sale of stake …