September revenues up 25% y-on-y at MMA Customs

October 9, 2019

By Samson Echenim  Revenue generation by the Murtala Mohammed Airport area command of the Nigeria Customs Service for September 2019 hit N4.99 billion, up from N3.97 billion generated in same month in 2018, showing an increase of 25 percent.  The command in a statement on Tuesday said it exceeded its monthly revenue target by ₦674. […]

States’ revenue collection rises by 46% in 3yrs

October 4, 2019

Babatunde Fowler, chairman The Chairman, Joint Tax Board (JTB), has disclosed that revenue generation at the sub-national level rose from N800.02 billion to N1. 6 trillion, representing 46.11 percent between 2016 and 2018. Fowler made the disclosure yesterday in his welcome address at the North-Central zone flag-off of the New Tax Identification Number (TIN) Registration […]

Hong Kong stock exchange bids for London rival

Businessam StaffSeptember 11, 2019

The Hong Kong Stock Exchange on Wednesday bid almost £32 billion for its London rival to bring together the largest financial hubs in Asia and Europe. The blockbuster proposal including debt, worth $40 billion or 36 billion euros, is dependent on the London Stock Exchange Group (LSEG) scrapping a proposed $27-billion takeover of US financial […]

FMDQ plans mortgages to boost market activities

Businessam StaffSeptember 11, 2019

FMDQ Securities Exchange Plc has revealed plans to introduce mortgages to boost trading in the nation’s capital market. Bola Onadele-Koko, the chief executive officer, FMDQ, said in an interview with Bloomberg that the lack of housing finance was one of the reasons why the capital market had not grown as it should. He stated that […]

How Nigeria can achieve Paris Agreement on climate with local, international financing

September 4, 2019

By Samson Echenim   Nigeria can actually leverage on local and international sources of fund to achieve its nationally determined contribution (NDC) goals in the Parish Agreement targets by 2030 via bonds, guarantee instruments, commercial debt, concessional loans, equity and insurance products, global climate impact finance adviser, Jubril Adeojo has said. Nigeria signed the Paris Agreement […]

SEC, Fintech and Nigeria’s investment landscape: Tackling competition, disruption and regulation

Adesola AfolabiAugust 26, 2019

The Nigerian Securities and Exchange Commission (SEC) has declared its support towards encouraging financial technology (Fintech) firms contribute towards the growth in Nigeria’s investment landscape. According to Mary Uduk, the SEC’s acting director general, the SEC has begun engaging with the investment community by setting up a Fintech committee to come up with a road […]

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 […]