There is no better time than now for the federal and state governments to leverage opportunities provided by the capital market for sourcing infrastructure financing, the Acting Director-General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk, said at the weekend. According to her, the capital market has the […]

The Managing Director and Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Kuru, has attributed the frequent failure of Nigerian airlines and unstable domestic air travel market to inimical policies and self-destructive actions of the airlines and called for a review of the industry for improved […]

The Federal Government on Monday offered a two-year and three-year savings bonds for subscription. The Debt Management Office said in a circular that the bonds were backed by the full faith and credit of the Federal Government and charged upon the general assets of Nigeria. According to the DMO, the […]

EVIDENCE of tax payment will be a condition for operating a bank account from January, according to the Financial bill passed by the National Assembly. The Bill, submitted to the lawmakers with Budget 2020 by President Muhammadu Buhari, is designed to improve financial operations of the country and streamline the […]

  …probe IOCs over labour laws abuse The House of Representatives has called on the Federal Government to include gas in the Production Sharing Contract. The House particularly urged the Federal Government to review the contract terms in the Production Sharing Contract, with a view to accommodating gas terms such […]

The Central Bank of Nigeria (CBN) has set a minimum capital requirement of N10 billion for Mortgage Guarantee Companies (MGCs) in the country. The new regulation, according to its circular: ‘Regulations for the operations of mortgage guarantee companies in Nigeria, is an improvement upon the exposure draft on the operations […]

The Nigerian Ports Authority and the Port of Antwerp, Belgium, have signed a memorandum of understanding towards operational efficiency in line with the desire to deepen the mutual beneficial relationship existing between the two ports. According to the NPA, the MoU which now exists between the two ports, is also […]

The Federal Government has reviewed the N50 stamp duty charges on electronic payments in the country after receiving backlash from Nigerians and industry stakeholders. A Financial Bill currently before the National Assembly stated the N50 charge would be imposed on transactions above N10,000 as against payment above N1,000 that had […]

The Securities and Exchange Commission approved new securities worth N154.62 billion in the third quarter of 2019. The commission disclosed this in its current Nigerian Journal of Securities Market obtained by the News Agency of Nigeria in Lagos on Monday. A breakdown of the figure showed that a total of […]

  The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has advised corporate bodies in the country to take advantage of the Presidential Order 7 to raise infrastructure bonds at concessionary rates. According to him, this will help boost the Federal Government’s plan to develop infrastructure in […]