The Nigerian stock market closed on a positive note on Monday for the first time this month as 28 firms, led by ABC Transport Plc, recorded price appreciation. The market had been on a downward trajectory since April 30, when the All-Share Index of the Nigerian Exchange Limited and the market capitalisation closed at 39,834.42 […]

The Securities and Exchange Commission has said capital market operators that fail to renew their registration at the expiration of late filing on May 31, 2021 will not be eligible to operate in the capital market. SEC said in a statement on Monday that this was stated in a circular dated May 10, 2021 and […]

Heritage Bank Plc has said for being part of private sector collaboration with Dukia Gold & Precious Metals Refining Co. Limited, it is set to unlock the over N344tn market worth of gold investible instruments in the solid minerals sector with the concluded plans of being listed on the Lagos Commodities and Futures Exchange. It […]

The Federal Government on Monday inaugurated a panel of enquiry on the management of the Nigerian Ports Authority and ordered the panel to investigate policies of the suspended managing director of the NPA, Hadiza Bala-Usman. In a March 4, 2021 letter to the President by the Federal Ministry of Transportation, the FMoT alleged that the […]

The Securities and Exchange Commission has said it will register and actively monitor brokers selling stocks for foreign companies in furtherance of its mandate of ensuring investor protection and market transparency, especially for retail investors. The Executive Commissioner Operations, SEC, Mr Dayo Obisan, was quoted in a statement by SEC on Sunday as saying this […]

The National Insurance Commission and the Lagos Chamber of Commerce and Industry have said there is a need for investments that will increase insurance penetration and prepare the industry for the future. The regulator and stakeholders in the sector spoke during the annual insurance stakeholders’ forum, with the theme, ‘Insurance industry – Breaking new frontiers’, […]

Jaiz Bank Plc has said its gross revenue increased by 43 per cent to N5.99bn in the first quarter of 2021 from N4.18bn in the corresponding period of 2020. It disclosed this on Sunday in a statement, titled ‘Jaiz Bank declares N979.17m profit for Q1, 2021’. “Profit before taxation increased significantly by 54 per cent […]

Nigeria’s revenue earning capacity has come under threat following the reduction of importation of crude oil by India. India, Nigeria’s largest crude oil importer, reduced crude oil imports by $39.5bn in April, compared to the same time the previous year, data from India’s Petroleum Planning & Analysis Cell showed. According to the Indian High Commission […]

Geely Nigeria, the exclusive partnership between Mikano International and Geely Global has released its new high-tech and sporty compact SUV model, the Geely CoolRay, to the Nigerian motoring journalists for a test-drive. The media event, which held on Thursday at the company’s assembly plant, Karameh City along Lagos-Ibadan Expressway, was part of the activities marking […]

Winpart, a division of CFAO Motors and Nigeria’s fast-growing distributor in original vehicle maintenance spare parts, has launched an e-commerce website as part of its commitment to solve the fake parts dilemma faced by vehicle owners, and to deepen access to quality spare parts, at affordable prices, in the country. WinPart is the new Independent […]