SEC to Sanction Stakeholders over N177bn Unclaimed Dividends
The Securities and Exchange Commission (SEC), says it will sanction stakeholders whose actions are frustrating its efforts toward reducing the volume of unclaimed dividends. The Director-General of SEC, Lamido Yuguda, said this at a post-Capital Market Committee (CMC) news conference on Friday in Abuja.
Gold Falls as Dollar, Bond Yields Rise
Gold prices weakened for a fifth-straight session early on Friday while the United States dollar and bond yields inched higher as investors look to cut risk. Market data shows that Gold for December delivery was last seen down US$2.20 to US$1,769.00 per ounce.
Naira Sold for N429 as CBN Draws Down FX Reserves
The Nigerian local currency, the naira, was sold for N429 per the United States (US) dollar at the official window on Friday as external reserves hit eight weeks low
16.5Bn Fuel Imports: NNPC Submits to Forensic Audit
The Nigerian National Petroleum Company Limited (NNPC Ltd) has offered to submit itself for a forensic audit of fuel supply and subsidy management, insisting that daily fuel supply is 68 million litres.
Experts project rates hike as CBN holds MPC meeting
As the Central Bank of Nigeria (CBN) holds its Monetary Policy Committee (MPC) meeting on Monday, some stakeholders project a hike in policy rates.
Nigeria’s Oil Production Miss to Temper GDP Growth –Analysts
Nigeria’s oil production volume has been underperforming target sets for the preparation of fiscal spending, thus leading to fiscal slippage while the government swings to a borrowing spree.
President Buhari, AfDB president woo global investors
President Muhammadu Buhari and the African Development Bank (AfDB) Group President, Dr Akinwumi Adesina have urged global businesses and leaders to boldly invest in Nigeria.
Emerging Markets, Others Will Be Hit Hard, World Bank Says
Growth in emerging markets and developing economies will be hit hard over the next two years, according to the World Bank’s latest...
GTBank Profit Slowdown over Costs Pressures
GTBank Profit Slowdown
MTN Nigeria Clears Air on Alleged Inflated Tax Figure
MTN Nigeria Clears Air on Alleged Inflated Tax Figure
Ahead of its N200 billion second bond issuance, MTN Nigeria Plc has come out to claim its tax remittances were in order, though there appear to be certain discrepancies that are yet to be settled.
