Markets

African states are facing custom delay periods due to visa issues, shortages of paved roads and loss of goods due to limited cold chains. A number of African countries have enacted visa application process rules that could take up to more than 72 hours for one to get a visa. …

The Times, a British national daily, says Chinese nationals in the mining sector are funding terrorist groups in parts of Nigeria to secure access to the country’s mineral reserves. In an exclusive report published on Saturday, the newspaper said through bribes and illegal transactions, “Beijing could be indirectly funding terror …

The Nigeria-British Chamber of Commerce is set to embark on an outward 2023 trade mission to the United Kingdom to market the ease of doing business in Nigeria and attract foreign direct investments into the country. This was announced on Thursday by the Vice President and Chairman, Trade and Investment, …

The governments of Kaduna and Edo were at the Smart City Expo in Taiwan in hopes of generating business opportunities to improve the lives of Nigerian urban citizens. The visit aims to explore “smart city” technologies and solutions that can benefit Nigerian communities and make their lives better. The 2023 …

 An explosion has rocked the popular Ọgbọ Ọgwụ Market in Onitsha, Anambra state with many feared dead and injured. It was gathered that the explosion, which occurred on Tuesday morning, razed many goods in the market. A trader under condition of anonymity told our Correspondent that the incident took place at …

The stock market segment of the Nigerian Exchange Limited (NGX) depreciated by N158billion on its Week-on-Week (WoW) performance in market capitalisation over investors profit-taking in Okouoil Plc, Accesscorp Plc, among others. The dropped in market capitalisation to N26.629 trillion from N26.787 reflected bearish sentiments persisted for the second consecutive week. …

The Securities and Exchange Commission, on Friday, announced that the unclaimed dividends at Nigeria’s capital market so far computed increased from N168bn in 2020 to N177bn in 2021. Director-General, SEC, Lamido Yuguda, disclosed this in Abuja while speaking on some of the outcomes of the second Capital Market Committee meeting held …

The Securities and Exchange Commission, has stated that the Identity Management System being developed by the capital market would tackle the lingering identity management issues while allowing room for scalability as technology evolves.  This was stated by the Director General of the SEC, Mr. Lamido Yuguda when he received members …

Investors gained N636bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The NGX All-Share Index and market capitalisation of equities listed on the NGX appreciated by 2.43 per cent to close at 49,638.94 and N26.761tn last week. Similarly, all other indices finished higher …

Oluwasina Phillip The Securities and Exchange Commission has restated the vital role the capital market plays in the development of any country through the provision of long term funds for infrastructure development among others. Director General of the SEC Mr. Lamido Yuguda stated this when a team from the Nigerian Economic Summit Group …