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SEC Commences Initiative To Protect Capital Market Investors

Oluwasina Phillip The Securities and Exchange Commission (SEC) has announced that it has commenced the implementation of 100% custody requirement in the Collective Investment Schemes sector. The move will help to further protect investors and deepen the capital market, The Director General of the SEC, Mr. Lamido Yuguda who disclosed …

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NGX Group Posts N1.84bn Tax

Ebuka Daniel The assets of the Nigerian Exchange Group Plc, formerly called the Nigerian Stock Exchange has grown to N31.28bn, the company has said. The Group Managing Director/Chief Executive Officer of the NGX Group, Oscar N. Onyema, made the disclosure at the 60th Annual General Meeting and the first AGM …

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NNPC Explains How N287bn Profit Was Achieved

Ololade Omosan-Agie Nigeria’s oil industry giant, the Nigerian National Petroleum Corporation, has said that it did not dip its hands into the Federation account to declare N287bn profit in 2020. The State-owned corporation’s, Group Executive Director, Finance and Account, Ajiya Umar, denied the allegation on Friday during Channels Tv ‘Business …

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Fintechs can transform capital market, says NGX

Oluwasina Phillip The Chief Executive Officer of the Nigerian Exchange Limited, Mr Temi Popoola, has said financial technology companies have a huge potential to transform the capital markets and effectively build a digital economy. He said this at the 2021 National Workshop of the Chartered Institute of Stockbrokers where he …

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SEC Harps on Resilient Capital Market

Ebuka Daniel The Securities and Exchange Commission has expressed the need for the capital market to be strengthened to accelerate domestic production and employment given the direct correlation between increase in production and job creation.  To achieve this, Director General of the SEC, Mr. Lamido Yuguda said there is the …

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