Police declare port corridor ticketing, revenue collection illegal
By Godwin Oritse The Western Ports Police Command has intervened in the brewing dispute between the Committee of Maritime Transport Unions and Associations (COMTUA) and the Lagos State Trucks and Cargo Operators Committee (LASTCOC) over the proposed sale of Lagos State revenue tickets along the Apapa and Tin Can Island port corridors. The intervention followed […]
Stockbrokers, investors’ apathy grounds Direct Cash Settlement
BARELY two years after it was introduced by the Securities and Exchange Commission, SEC, and Nigerian Stock Exchange, NSE, the implementation of the Direct Cash Settlement (DCS) initiative has been grounded by increasing apathy from stockbrokers and investors.
PenCom directive triggers slowdown in voluntary pension contribution
FOLLOWING the recent directive of the National Pension Commission, PenCom, which limits access to such contribution after retirement, employees making voluntary contributions into their Retirement Savings Account (RSA) has stopped such contribution.
Shareholders task SEC on proper monitoring of operators
THERE are lots of sharp practices in the Nigerian capital market and it is time for regulators, especially the apex regulator, Securities and Exchange Commission, SEC to hold the bull by the horns by scrutinising annul reports of public companies and other activities of operators.
2017: Leadership changes in MfB sub sector
THE Micro-finance Bank, MfB, sub-sector witnessed major leadership changes in some MfBs and in the National Association of Micro-finance Banks, NAMB, in 2017.
Outdated extant laws hinder financial sector growth – Adedipe
Biodun Adedipe of B. Adedipe Associates Limited has said that some extant laws in the financial services sector are outdated and need to be aligned with the present dynamics of economic activities in the country.
