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  • SEC suspends Stanbic IBTC N20.4bn rights issue

    The Securities and Exchange Commission on Tuesday suspended Stanbic IBTC Holding Plc’s N20.4bn rights issue, pending the conclusion of investigation by the Financial Reporting Council of Nigeria into allegations of financial impropriety by the group. The commission...

    • Posted September 10, 2015
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  • Regulators review incentives for securitisation

    The International Organisation of Securities Commissions says there has been mixed progress in the implementation of incentive alignment recommendations for securitisation. This, it said, followed a peer review of the incentive recommendations. Securitisation is the process of...

    • Posted September 10, 2015
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  • NERC retains fixed electricity charge

    The Nigerian Electricity Regulatory Commission on Tuesday explained why it decided not to allow any increase in electricity tariff for all categories of consumers, which would have commenced in June this year. According to NERC, one of...

    • Posted September 10, 2015
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  • Nigerian, North Sea crudes to compete amid glut

    The expected rise in Nigeria’s crude oil export next month is coming at a time when output from the North Sea in Europe will reach the highest in more than three years amid a persistent global production...

    • Posted September 10, 2015
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  • Telcos defiant, risk additional fines

    Telecommunication operators have remained defiant over the N120.4 million fine imposed on them by the Nigerian Communications Commission (NCC), as none of them made a move to pay at the close of work on Monday, which was...

    • Posted September 10, 2015
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  • Lagos tops destination for FDI in second quarter

    Lagos State accounted for over 99 per cent of all capital imported into the country in the second quarter of the year, according to the investment data provided by the National Bureau of Statistics (NBS) monday. Inflows...

    • Posted September 9, 2015
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  • SIM deactivation: Telcos may incur additional fines

    There are indications that telecommunications operators (Telcos) may incur additional fines other than the combined fine of N120.4 million imposed on the four operators for failure to deactivate all pre-registered SIM cards, improperly registered SIM cards, and...

    • Posted September 9, 2015
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  • NNPC now supplies 876mscuf of gas daily to Gencos

    A preliminary report on the recent activities at the Nigerian National Petroleum Corporation (NNPC) submitted to President Muhammadu Buhari by the Group Managing Director (GMD) of NNPC, Dr. Ibe Kachikwu, has shown that the corporation now supplies...

    • Posted September 9, 2015
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  • Naira drops to 223 as dollar demand grows

    The naira weakened by 1.13 per cent against the dollar at the parallel market on Monday amid rising demand for hard currencies. The local currency fell to 223 to the dollar at the parallel market, down from...

    • Posted September 9, 2015
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  • UBA shares surge as positive results boost demand

    The release last week of United Bank for Africa Plc’s audited half-year results, which showed that the bank’s profit after tax rose by 40 per cent to N32bn, has led to massive demand for its stocks, according...

    • Posted September 9, 2015
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  • Money market funds’ regulation has improved — IOSCO

    A peer review of the regulation of money market funds showed that progress had been made in ensuring proper regulation of such funds, the International Organisation of Securities Commissions has said. IOSCO said this in a statement...

    • Posted September 9, 2015
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  • CAC moves to prevent registered companies’ death

    The Corporate Affairs Commission said on Monday that it had set up a business rescue advisory committee to render advisory services to prevent unnecessary liquidation of registered companies. The commission in a statement issued by the Director,...

    • Posted September 9, 2015
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  • FG approves new petrol import permits

    The Federal Government has issued supplementary import permits to oil marketers for the importation of petrol due to the poor output from the country’s refineries. It was learnt on Monday that the permits were given to marketers...

    • Posted September 9, 2015
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  • Emefiele, others to discuss blueprint for financial sector

    In a bid to support the efforts of President Muhammadu Buhari led government in restoring investors and public confidence in the country, the Governor, Central Bank of Nigeria, Mr. Godwin Emefiele and other top professionals will gather...

    • Posted September 8, 2015
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