Fayemi mulls listing Ekiti State’s health, knowledge and tourism assets

Adesola AfolabiAugust 19, 2019

…as brokerage community urges synergy between state spending and private capital Olukayode Fayemi, the executive governor of Ekiti State has hinted on the possibility of offering the state’s tourism, health and knowledge assets for investment from the public through Nigerian Stock Exchange (NSE). The governor was at the Exchange last weekend, for dual purposes, which […]

SEC warns Nigerians against Ponzi schemes

Businessam StaffAugust 12, 2019

Ihuoma Chiedozie, Abuja The Securities and Exchange Commission on Sunday warned Nigerians to desist from investing their money in investment schemes being operated by persons or organisations that were not registered to carry out fund management functions. Mary Uduk, the acting director general of SEC, gave the warning in a statement made available to our […]

NSE launches 2019 factbook with 5yr financial performance for listed companies

Adesola AfolabiJuly 31, 2019

The Nigerian Stock Exchange (NSE) Wednesday announced the launch of its 2019 factbook, created to improve knowledge base of investors for better investment decisions. The Factbook, according to the NSE contains detailed information ranging from the five-year financial performance of all listed companies, to their dividend paying history among other features. The NSE described the […]

Extend VAT exemption on stock market transactions, investors urge FG

Businessam StaffJuly 24, 2019

Some investors in the Nigerian capital market have called on the federal government to extend the exemption of value added tax (VAT) charges on transactions on the Nigerian Stock Exchange (NSE) so as to attract more patronage to the market. The federal government, had in 2014 exempted brokerage commission and transactions fees charged by Securities […]

SEC cautions dealing members against corrupt practices

Adesola AfolabiJuly 21, 2019

Nigeria’s Securities and Exchange Commission (SEC), have cautioned dealing clerks of the Nigerian Stock Exchange (NSE) against engaging in corrupt practices. The SEC in a statement issued Sunday said it “does not tolerate infractions.” Due to this, the commission noted that, steps are taken to ensure that regulatory oversight is more effective. Adding that, these […]

SEC unveils 46 commodity exchange warehouses across Nigeria

Adesola AfolabiJuly 21, 2019

The Securities and Exchange Commission (SEC) has unveiled commodity exchange warehouses across 17 different states in the country. The warehouses are 46 in number. Warehouses and storage infrastructure according to the SEC, are necessary for the commodity sector and commodities futures trading. The move is in a bid to facilitate rapid growth of the commodity […]

NSE inducts 46 dealing clerks

Adesola AfolabiJuly 16, 2019

The Nigerian Stock Exchange (NSE) on Monday inducted 46 qualified dealing clerks. A statement by the NSE said out of the 53 candidates who passed the Chartered Institute of Stockbrokers (CIS) examination and went through the mandatory practical automated trading system (ATS) training at the NSE, only 46 passed the final oral examination at the […]

Seplat’s gas business to yield $261m annually

Adesola AfolabiJuly 16, 2019

Seplat Petroleum Development Company Plc, is projecting at least $261 million in gas revenues annually from its Assa North / Ohaji South (ANOH) Gas Processing Company (AGPC). AGPC, according to Seplat is an incorporated joint venture (IJV) between Seplat and Nigerian gas Corporation (NGC) to develop a 300 MMscfd midstream plant on OML 53 for […]

Capital market key to national development – New SEC chairman  

July 4, 2019

By Tola Akinmutimi     Olufemi Lijadu, the newly appointed chairman of the board of the Securities and Exchange Commission (SEC) on Thursday described the capital market as one of the strongest channels of attracting funds for national development agenda. He made the remarks during the maiden meeting of the new board with members of […]