The National Information Technology Development Agency (NITDA) has implored the general public to avail themselves with the use of the Nigeria Data Protection Regulation (NDPR) to prevent breach of their online privacy. Citizens now have the right to sue organisations for use of their personal data without consent. This was said at a one-day masterclass on Nigeria Data Protection Regulation Read More
The Edo State government has sold 50 percent of its share worth N2.1 billion in the Edo-Azura Power Project and divested the accrued fund in the anchor investor in the Benin Enterprise and Industrial Park. In a statement, Special Adviser to the Edo State Governor on Media and Communication Strategy, Mr. Crusoe Osagie, said the fund would be instrumental in ensuring Read More
The Securities and Exchange Commission (SEC) has established a Complaint Management Framework to address the complaints of capital market investors. The Acting Director-General of the SEC, Ms Mary Uduk stated this at the one-day investors forum tagged “A Day With Investors which was held at the Commissions’ headquarters on Thursday in Abuja. Ms. Uduk said the initiative will not only Read More
Even with the signing of the Nigerian Oil and Industry Content Development (NOGICD) Act of 2010, many Nigerian investors still exploit the old loopholes in the system to take advantage of this law. Many Nigerians still parade foreign-owned companies as local entities to take advantage of the opportunities provided by the NOGICD Act at the detriment of the Nigerian economy. Read More
The Debt Management Office (“DMO”) has announced the results of its second Sovereign Green Bond offering (the “Offer”) for N15 billion. The Offer, which opened to the general public on Monday, June 3, 2019 and closed on Monday, June 10, 2019, was preceded by road show meetings with investors and other stakeholders in Lagos and Abuja. The results of the second Read More
Shareholders of Consolidated Hallmark Insurance Plc has approved a dividend of N162 million culminating to two kobo per share, due to every of its investor for the 2018 financial year. Reviewing its performance at the 24th yearly general meeting held in Lagos, recently, company Chairman, Obinna Ekezie, said amid harsh operating environment, the group recorded a gross premium written of N6.86 Read More
Kano state Government has obtained a legal opinion from the Federal Ministry of Justice as a prerequisite for the proposed Integrated Agriculture and Water Resources Development Project which will be funded by the Islamic Development Bank. The Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN) gave the permission when Governor of Kano state Dr.Abdullahi Umar Ganduje Read More
Kaduna State Governor, Malam Nasir el-Rufai, has said his government has attracted both local and international investments worth over $500 million into the state in the last three and half years, while creating over 100,000 jobs. Addressing participants at the opening of the 4th edition of the Kaduna Economic and Investment Summit (KadInvest 4.0) on Wednesday in Kaduna, el-Rufai stated Read More
Volume of activities on the floor of Nigerian Stock Exchange (NSE) remained high as investors traded 1.918 billion shares worth N2.803 billion in 2807 deals. This is against 131.430 million shares valued at N1.403 billion exchanged hands the previous day in 2786 deals. The transactions during the day showed that market capitalisation increased by N1 billion to N11.593 trillion from Read More
The board of Julius Berger Nigeria, a construction giant has proposed a total dividend of N2.64 billion. The amount translated to N2.00 per share holding by investors. The company full year result released on Friday showed that revenue jumped by 37.16 per cent up from N141.89 billion in 2017 to N194.617 billion at end of December, 2018. The cost of sales rose by Read More
Twitter has reported its first quarterly net profit helped by a rise in video advertising sales. The news sent Twitter’s shares surging more than 18% in early morning trading in New York. That was despite the number of people using the social network coming in below expectations. Twitter’s previous failure to make a profit had confounded investors given its widespread Read More
By Benjamin Umuteme Abuja Former Group General Manager, Corporate Planning in NNPC, Mr. Babajide Soyode, has insisted that only a total deregulation of the petroleum sector will bring stability in the sector. Soyode, who stated in this in Abuja added in order to attract investors and curb the incessant fuel scarcity in the country deregulation was the way out. He Read More
By Benjamin Umuteme Abuja The Bureau of Public Enterprises (BPE), has rejected the notice to declare force majeure by Distribution Companies (DisCos). In a letter to the DisCos, the Bureau’s Director-General, Mr. Alex Okoh stated that there wa no basis for the issuance of notice to declare force majeure by the electricity distribution companies (Discos) following the policy directive on Read More
The Chairman of Investment and Securities Tribunal (IST), Mr. Isaiah Idoko-Akoh has assured investors and other stakeholders in the nation’s capital market of speedy resolutions of disputes and giving priority investors’ interests. The IST was initially established under section 224 of the Investments and Securities Act (ISA) 1999 which has been repealed and replaced by the ISA 2007. The court Read More
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