Shola Shittu

SEC reduces Cost of raising Capital

The Securities and Ex change Commission, SEC, yesterday, released a draft rule seeking reduction in cost of primary equity and fixed income issues by various trade groups in the capital market, including the Nigerian Stock Exchange, NSE, and the...

Naira depreciates to N458/$ in parallel market

The naira yesterday depreciated to N458 per dollar in the parallel market due to uncertainty over dollar sales to bureaux de change (BDCs) by the Central bank of Nigeria (CBN). Meanwhile the apex bank yesterday concluded arrangement to release into...

Gov. Obaseki signs MoU to grow state Economy

Gov. Godwin Obaseki of Edo has signed a Memorandum of Understanding (MoU) with SIEMENS, an energy company, to develop the economy of the state. Obaseki, who disclosed this at the MoU signing ceremony in Benin on Wednesday, said that the...

Lagos State govt set to list N47bn bond on FMDQ

The Lagos State Government has concluded plans to list its N47 billion bonds on the FMDQ Securities Exchange Plc platform. The listing of this bond on this platform will enable investors to trade on it on daily basis before...

Insurer advocates N100bn capital base for Industry

THE Chairman of Wapic Insurance Plc, Mr. AigbojeAig-Imoukhuede, has called for increase in the capital base of insurance companies in the country to N100 billion. Aig-Imoukhuede, who called for the increment at the KPMG Insurance Conference 2017 held in...

Malabu Oil Applies to Join Suit to Set aside Order Forfeiting OPL 245 to FG

Ruling on two separate applications filed by Shell Oil Exploration Nigeria Ltd and AGIP Oil seeking to set aside the order made by the Federal High Court Abuja on January 26, 2017, which granted temporary forfeiture of the Oil...
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