Sec Cmc Q2 Lagos

Sukuk Rules Has Enhanced Issuance Process, Says SEC

The Securities and Exchange Commission (SEC) has disclosed that the release of rules on Sukuk bonds has enhanced the issuance process and fostered participation in the instrument. This was stated by Acting Director General of SEC, Ms. Mary Uduk during a two-day international capital market conference held in Lagos by the SEC in collaboration with […]

Read More
Zenith Logo

All Set As Lagos Hosts Zenith Bank’s Aspire Music Carnival

The stage is now set for the “Zenith Bank Aspire Music Festival” holding on Saturday, September 21, 2019 at the Harbour Point Event Centre, Victoria Island, Lagos by 5pm. Dubbed as the most anticipated entertainment event of the year, the breathtaking festival promises to be a night to remember, as it will feature captivating and […]

Read More

Abdul Titi Kone Re-Emerges African Freestyle Football Champion

Defending champion of the Freestyle Football in Africa, Abdul Titi Kone of Cote d’Ivoire, has re-emerged as the champion, at the just concluded 2019 Championship, which ended on a high note. This event marked the 2nd edition of the African Championship and the 3rd annual edition of the Nigerian Championship hosted by Feet ‘n’ Tricks […]

Read More

Irked By Minister’s, Revenue Agencies Unbudgetted Spending National Assembly Warns Of Dire Consequences

The National Assembly has warned the Minister of Finance, Zainab Ahmed, and heads of all Federal Government revenue-generating agencies against spending revenues without the approval of the federal lawmakers as required by law. The chairmen of the Finance Committees of the nation’s parliament, Senator Solomon Adeola (Senate) and James Faleke (House of Representatives), gave the […]

Read More
Uba House

UBA Pays Shareholders’ N0.20 Interim Dividend, Grows Half Year Profits By 21%

Nigeria’s leading financial institution, United Bank for Africa Plc has grown its half year profit by 21 per cent as shown in its audited financial results for the period ended June 2019, showing impressive growth across key performance indices, from significant contributions from its African subsidiaries. In spite of the increasingly unpredictable environment witnessed in […]

Read More

Access Bank Woos Customers With New Quick Loan Scheme

One of Nigeria’s biggest bank, Access Bank Plc, has introduced Quick Loan Scheme or Payday Loan with a daily loan target of N400 million to at least 20,000 customers. On the bank’s website, they highlight that you do not need to have a salary account in Access Bank for you to access the Payday loan. […]

Read More
Acting Dg Sec Mary Uduk (1)

SEC To Shareholders: Claim Your Dividends In Defunct Afribank

The Securities and Exchange Commission (SEC) has appealled to shareholders of the defunct Afribank Plc to claim their dividends. The apex regulatory authority of the Nigerian capital market, made this call as part of its investor protection programme and as well as ensure that shareholders get the benefits of investing in the capital market. According […]

Read More

CBN Outlines Conditions for Floating Of Subsidiaries, SPVs by DFIs

The Central Bank of Nigeria (CBN) has unveiled conditions for the establishment and operations of subsidiaries and special purpose vehicles (SPVs) by Development Finance Institutions (DFIs). The Bank in a letter to all DFIs that was signed by its Director, Other Financial Institutions Supervision Department, Mrs. Tokunbo Martins, a copy of which was posted on […]

Read More

Domestic Airfare Up by 25% on Aviation Fuel Scarcity

Domestic routes airfare have been hiked by over 25 per cent by airline operators due to the scarcity of aviation fuel. ThISDAY, reports that Scarcity of aviation fuel, also known as Jet A1, has led to over 20 per cent rise in the price of the fuel, from between N180 and N200 per litre to […]

Read More

Lagos BRT Buses Collision Injure 18 Passengers

Eighteen persons suffered various degrees of injuries on Monday when two Bus Rapid Transit vehicles collided at the Asolo end of the Ikorodu Road in Lagos. One of the buses was said to be heading for Ketu when two motorcycles suddenly emerged on the dedicated BRT lane and the bus driver, in an attempt to […]

Read More
Fresh Attack1

Fresh Attack On Foreign Owned Businesses Sweep Through South Africa

Another wave of attacks have begun in South African, with looting and burning of businesses and properties belonging to foreigners and in the process killed three people, while another is still receiving treatment for smoke inhalation. The President of the Nigeria Union South Africa (NUSA), Adetola Olubajo, said on Monday 2nd September, that the attacks […]

Read More

Nigeria Records $226 Million Oil Revenue Drop in June

Revenues from oil and gas production in June were down by 44.65 per cent, showing a drop in value of about $226.38 million between May and June 2019, data from the Nigerian National Petroleum Corporation (NNPC) have shown. NNPC, in its June 2019 monthly financial and operations report, stated that in May, the sales value […]

Read More