The  Chartered Institute of Stockbrokers (CIS) at the weekend  named the Acting Director General, Securities and Exchange Commission (SEC), Ms Mary Uduk and CIS’ Registrar and Chief Executive, Mr Adedeji Ajayi,  fellows while 230 newly qualified stockbrokers, the single largest in the Institute’s history were inducted as Associate Members.

RED Star Express Plc is in the stock market to raise N1.3 billion fresh capital by way of Rights Issue to existing shareholders. The company is offering 336,855,291 ordinary shares of 50 Kobo each at N4 on the basis of four new ordinary shares for every seven shares held as at August 2019. The offer opened on Monday, November 11,2019.

THE Chartered Institute  of Stockbrokers, CIS, has called for the inclusion of chartered stockbrokers in policy formulation and investment drive for the country.

Ben Agande – Kaduna The Senate Committee on Banking, Insurance and other Financial Institutions has said that Assets Management Company of Nigeria which was set up by the government to buy back bad debts by banks has become a drain on the nation’s economy, adding something must be done to reverse the trend. In a […]

By Tordue Salem – Abuja The Debt Management Office (DMO) has told the House of Representatives yesterday that Nigerian’s total debt profile is now N25.7 trillion. The Director-General of the office, Ms Patience Oniha made this known while addressing the House Committee on Public Account on Friday in Abuja. “As at June 2019, Nigeria’s debt […]

The Debt Management Office (DMO) says that Nigerian’s total debt profile is N25.7 trillion.

Rivers State Governor, Nyesom Ezenwo Wike has announced that the State Government will soon commence the operation of Treasury Single Account to boost its revenue base. Governor Wike also charged the Rivers Internal Revenue Service (RIRS) to grow the State’s Monthly Internally Generated Revenue to N10billion. He spoke on Thursday during the Flag Off of […]

At least 13,423 Nigerians currently studying in the U.S. contributed 514 million dollars to the U.S. economy in 2018, according to official data. The data is contained in the 2019 Open Doors Report on International Educational Exchange released by the Institute of International Education (IIE) and the U.S. Department of State’s Bureau of Educational and […]

At least 13,423 Nigerian students currently studying in the U.S. contributed 514 million dollars to the U.S. economy in 2018, according to official data. The data is contained in the 2019 Open Doors Report on International Educational Exchange released by the Institute of International Education (IIE) and the U.S. Department of State’s Bureau of Educational […]

INACTIVE bank accounts rose by four million or 10 percent to 45 million in one year period ending October 31, 2019 from 41 million as at same period of 2018.

THE five year transformation plan embarked upon by Nigerian Aviation Handling Company (NAHCO) Plc may have started yielding results as the company recorded a Profit Before Tax of N973.1 million for the third quarter 2019, Q3’19, representing a growth of 33.1 percent or N241.3 million above N731 million in Q3’18.

THE Nigerian Stock Exchange, NSE, has blacklisted 23 companies for deficiency in free float of shares as stipulated in the post-listing requirements for quoted companies.

RED Star Express Plc is in the stock market to raise N1.3 billion fresh capital by way of rights issue to existing shareholders.

THE liquidity mop-up activities of the Central Bank of Nigeria, CBN, through sale of secondary market treasury bills (TBs) will exceed N14 trillion mark by the end of this year.

THE Managing Director/Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, has proposed the formation of a Special Purpose Vehicle (SPV) to assume the outstanding debt assets of the Corporation at the expiration of its sunset period in 2024.