Adoption of T+1 going on smoothly — SEC
By Peter Egwuatu The Securities and Exchange Commission (SEC) has said the adoption of the T+1 settlement cycle in Nigeria’s capital market is going on smoothly, describing it as a development that has enhanced competitiveness and provided relief to market participants. Disclosing this in a media chat in Abuja last weekend, Director, Registration, Exchanges and […]
$4.2bn claim by Turkcell “baseless”, “opportunistic” – MTN
MTN on Tuesday called a 4.2 billion-dollar claim by Turkcell in a South African court over a disputed Iranian mobile phone licence “opportunistic” and “baseless”, the company said on Tuesday after filing a defence plea.
Nigeria’s debt shift to increase exchange rate risks — IMF
The International Monetary Fund yesterday, said that the proposed borrowing plan restructuring away from domestic to foreign by the Federal Government aimed at reducing debt-servicing cost could create exchange rate risks.
FG moves to stop illegal trading on gemstones, precious metals
THE Federal Government has promised to stop illegal trading on gemstones and precious metals in the nation.
Navgas tasks drivers on safety consciousness
Make safety part of your everyday life if you want to survive in the liquefied petroleum gas, LPG, transport business” Navgas, a foremost LPG company has told drivers. Giving the advice during the safety week of the company in Lagos, Titilola Hassan, Client Service Manager of the company said that company will reward drivers that clearly demonstrate their commitment to safe LPG loading practices by entering them into a draw for a variety of prizes.
Monarch laments 30 years neglect of Ajaokuta Steel Complex
THE paramount ruler of Ebira Land in Kogi State, Dr Ado Ibrahim, has urged the Federal Government to revive the nation’s Ajaokuta Steel Company.
