National Association of Nigerian Traders (NANTS) has urged the Ghanaian government to review the amount paid on the issuance of Business Registration Certificate to non-Ghanaian citizens, including migrants of ECOWAS/African Member States. According to the country’s trade laws, a non Ghanaian is required to pay $5 000 which is 0.5 per cent of the minimum capital requirement of N1 million. National Association Read More
The decision by the Security and Exchange Commission (SEC) to enforce its mandate in the Nigerian capital market when it sanctioned Oando PLC has left the public searching for answers, BENJAMIN UMUTEME writes.For several weeks now the recent step by the Securities and Exchange Commission’s (SEC’s) regulatory to instill discipline in the nation’s capital market and, by so doing protect Read More
The Securities and Exchange Commission (SEC) has said that it will continue to collaborate with relevant stakeholders to sensitise investors on the need to regularise their multiple accounts as well as claim their dividends.Uduk who spoke during an interview in Abuja, weekend, said the Commission has taken various steps to ensure that shareholders benefit from their their investments in the Read More
The expectations that listing of Airtel Africa Plc will boost activities in the market as transactions on the floor of Nigerian Stock Exchange on Thursday remained volatile, shedding N265 billion. Specifically, Market Capitalisation of listed equities declined by 1.86 per cent to N13.993 trillion from N14.258 trillion reported the previous day. The NSE All Share Index also depreciated by 543.70 Read More
Volume of transactions on the floor of Nigerian Stock Exchange (NSE) yesterday declined by 35.92 per cent. The NSE trading result showed that volume of activities went down by 105.851 million as investors traded 188.772 million shares worthN3.717 billion in 3363 deals. This is against 394.623 million shares cost N3.218 billion exchanged hands in 4034 deals. Market Capitalisation of listed equities also depreciated Read More
The federal government has again reiterated its commitment towards building a vibrant capital market that would contribute to the growth and development of the country and can compare with similar markets anywhere in the world. This was disclosed by the Vice President, Prof. Yemi Osinbajo when the members of the Capital Market Master Plan Implementation Council, CAMMIC led by its Read More
The Securities and Exchange Commission (SEC), has reiterated it earlier directives to shareholders of defunct Skye bank to claim their dividend payment. The apex regulstor of the capital market said dividend payment is part of its investor protection programme and as well as ensure that shareholders get the benefits of investing in the capital market. According to Acting DG, Ms. Read More
The partnership entered into by the three bodies-the Securities and Exchange Commission (SEC)/Nigerian Capital Markets Institute (NCMI) and the Chartered Institute for Securities & Investment (CISI), the Nigerian capital market is on its way to becoming a catalyst for growth, BENJAMIN UMUTEME reports. When the Securities and Exchange Commission (SEC)/Nigerian Capital Markets Institute (NCMI) and the Chartered Institute for Securities Read More
The Securities and Exchange Commission and the Association of Capital Market Academics of Nigeria have entered into collaboration to develop a curriculum for the Nigerian Capital Market Institute, NCMI. The NCMI is the educational and training arm of the Nigerian capital markets regulator, the SEC. The curriculum would enable the commission and the association to set the required benchmark that Read More
Nigerian Stock Exchange is set to roll out measures directed at encouraging retail investor involvement in the capital market. The Divisional Head Trading Business, NSE, Mr Jude Chiemeka who disclosed this in Lagos at the NSE retail investors Coverage said currently there are about 3 million retail investors in the Nigerian Capital Market, representing only 3 percent of the total Read More
The implementation of new minimum wage expected to impact positively on the nation’s capital market. Professor of Finance & Capital Market, and head, Banking and Finance Department, Nasarawa State University, Keffi, Professor Uche Uwaleke who made this remark in Lagos said that the 67 per cent increase in the national minimum wage will lift disposable income and boost aggregate demand. Read More
The Securities and Exchange Commission (SEC), has restated it’s commitment to ensure that the capital market domain is not used in any way to inject illegal funds into the sector and the financial system as a whole. This was stated by Acting Director General of the SEC, Ms. Mary Uduk in her opening remarks at the Anti Money Laundering (goAML) Read More
The Securities and Exchange Commission, SEC, has disclosed plans to align the 10 Year Capital Market Master plan with current economic realities as well as ensure the planned review is concluded in record time. Acting Director General of the SEC, Ms. Mary Uduk stated this during a meeting with stakeholders in the capital market in Abuja, weekend. Uduk disclosed that Read More
Trading activities on the floor of Nigerian Stock Exchange Wednesday remained volatile, shedding N67 billion. Specifically, market capitalisation of listed equities declined by 0.59 per cent to N11.236 trillion from N11.303 trillion reported on Tuesday. The NSE All Share Index dropped by 177.69 basis points to 29898.30 points from 30076.00 reported the previous day. Investors bought 304.862 million shares worth Read More
Investment in the nation’s equity market on Thursday closed north ward, increasing by N17 billion. Specifically, Market capitalisation of listed equities increased by 0.16 per cent to N10.965 trillion from N10.948 trillion recorded on Tuesday. The Nigerian Stock Exchange (NSE) All Share Index grew by 53.08 basis points to 29202.54 points from 29149.46 points reported the previous day. Investors traded Read More
The Securities and Exchange Commission, SEC, has encouraged Nigerian youths to invest in the capital market instead of indulging in gambling. Acting Director General of SEC, Ms. Mary Uduk who stated this in Abuja said there are various products and funds available in the Market that would appeal to the youth populace in Nigeria. Uduk therefore encouraged them to take Read More
The Security Exchange Commission (SEC), has enjoined investors in the nation’s capital market to regularise their shareholding accounts before the December 31 deadline. The Ag. Director-General of the Commission, Mrs. Mary Uduk, gave the advice in Lagos at the 1st Quarter Post Capital Market Committee (CMC) media briefing. She said the committee had made progress in resolving issues relating to Read More
The federal government has been urged to make the capital market the fulcrum of its industrialisation agenda and economic development in a bid to urgently lead the country out of poverty. This was part of the resolutions at 3rd Annual Budget Seminar of the SEC with the theme “Budgets, Elections and Capital Markets: Risks and Opportunities in 2019”. In her remarks, Acting Read More
The Court of Appeal has reiterated the Securities and Exchange Commission’s powers to intervene in the management and control of any public company which is considered to have failed, is failing or is in crises. The SEC is statutorily mandated as the apex regulator of the Nigerian capital market to ensure the protection of investors and maintain a fair, efficient Read More
The Minister of Finance, Mrs Zainab Ahmed has said that the Federal Government is willing to set up a National Savings Committee that will make recommendations to the government on the best ways to mobilise savings that would lead to economic growth. Mrs Ahmed, stated this when she held a meeting with members of the Capital Market Master Plan Implementation Read More
A Lagos-based economic analyst, Mr Udimezie Akize has observed that following the postponement of Saturday’s Presidential and National Assembly elections, Nigeria lost $1.5 billion US dollars. The analyst who spoke to Channels Television monitored in Dutse, Jigawa state capital Saturday, stated that the country also lost N450billion through the capital market as a result of the postponement. Akize said the country had insured losses in the Read More
The Chartered Institute of Stockbrokers (CIS) has concluded arrangements to train stockbrokers on the technical analysis of capital market asset classes as part of its capacity building policy to enhance its members’ global competitiveness. The training, under the institute’s Continuing Professional Development (CPD) programme is a compulsory requirement for all stockbrokers in order to upscale their skills and competencies. Participants Read More
Seplat Petroleum Development Company Plc yesterday recorded the highest gain at the Nigerian Stock Exchange , gaining N10.00 to close at N540.00, Redstarex followed with a gain of N0.40 kobo to close at N4.80 kobo, Guaranty Trust Bank gained N0.40 kobo to close at N32.10 kobo, Custodian and Investment Plc added N0.35 kobo to close at N6.50 kobo Oando Read More
The uptick in the Consumer price Index (CPI) figure will linger into January, Professor Uche Uwaleke has said. According to the Chair of the department of banking and finance in Nasarawa State, the figures may likely worsen when the next CPI report is released in February. Speaking with Blueprint in Abuja, Nigeria’s first professor of the Capital Market, noted that Read More
In order to further drive the Nigerian capital market to the enviable height and at par with other capital markets globally, experts have advocated for the Vice President Yemi Osinbajo to head the Capital Market Master Plan Implementation Committee (MAMMIC). It is no longer news that the Nigerian equities market, with a disappointing record of -18.84 per cent Year-to-Date return, Read More
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