Following its suspension and subsequent unbanning by the Securities and Exchange Commission from the capital market, the apex regulatory agency in the sector, Heritage Capital Markets Limited has decided to set the record straight for the avoidance of doubt and confusion.
In a statement titled: ‘Heritage Capital reacts to SEC’s unbanning Read More
The Federal Government has concluded arrangements to launch its first-ever savings bonds into the domestic bond market next month, providing the retail investing public opportunity to invest in sovereign bond issue for as low as N5,000.
Market sources and parties to the savings bonds, to be known as Federal Government of Read More
The National Insurance Commission (NAICOM) will start checks on insurance companies through capital verification and Risk-Based Supervision (RBS) in the next few days, We have learnt.
The Commission believes that the exercise will help reveal the true position of the 57 insurance firms in the country.
NAICOM spokesperson, Rasaaq Salami, told The Nation that the Read More
The Central Bank of Nigeria, CBN, says it has sold $221.37 million to 16 banks through the interbank foreign exchange (forex) market.
The apex bank disclosed this in its Forex Forward Sales Report on the second wholesale intervention, obtained by the News Agency of Nigeria on Sunday in Abuja.
It said Read More
The Securities and Exchange Commission, SEC, has arrested the promoters of illegal Chinese investment company, Yuan Dong.
The Commission said operating offices of the company in Abuja, Asaba and Kano have already been sealed.
The spokesperson of the Commission, Naif Abdussalam, said the arrest of the operators, and sealing of their Read More
Nigeria plans to float Africa’s first sovereign green bond in March to raise N20 billion for environment-friendly infrastructure.
To benefit are 44 universities and more than 1.1 million people in various communities.
The proceeds of green bond must be applied to environment and climate-friendly projects.
Acting President Yemi Osinbajo, who spoke Read More
As a follow up to its commitment to ease the difficulties Nigerians encounter in funding foreign exchange transactions, the Central Bank of Nigeria, CBN, on Tuesday intervened in the interbank FOREX market by injecting a total of $370.9 million to the wholesale market through 23 deposit Read More
-Anietie Udobit, Abuja
The Central Bank of Nigeria, CBN, has released a new foreign exchange policy in the country with immediate effect.
The new policy is sequel to last Thursday’s directive by the National Economic Council, NEC, for immediate review to stem the widening gap between the inter-bank foreign exchange and parallel Read More
By Agbo Sunday
The Federal Government yesterday pledged full commitment in developing the lottery industry with a view of generating huge revenue to enable it transform the society through the provision of infrastructural and
other socio-economic development.
Secretary to the Government of the Federation, Babachir David Lawal disclosed the intention on the occasion Read More
The House of Representatives may seek revocation of some oil bloc licenses issued without due process.
The House of Representatives Committee investigating the status of several Oil Prospecting Licences (OPL) and Oil Mining Leases (OML) and marginal oil fields discovered that some oil and gas companies are operating in defiant of the law.
Chairman of the Read More