By Taiye Olayemi The Central Securities Clearing System (CSCS) on Wednesday sensitised capital market stakeholders on the smooth transition to a T+2 settlement cycle ahead of its Nov. 28 launch. The webinar brought together capital market operators, regulators, and the Nigerian Exchange Ltd., providing updates, guidance, and clarity on theContinue Reading
By Taiye Olayemi Dangote Cement Plc says it paid N3.3 trillion in dividends to its shareholders over the last 15 years. The company made this known on Wednesday during its “Facts Behind the Figures” presentation at theContinue Reading
Growth By Desmond Ejibas Federal Government says Nigeria has projected a significant rise in industrial contribution to GDP, targeting 25 per cent growth between 2025 and 2035 under a newly validated strategic framework. Sen. John Owan, Minister of State for Industry, made the remark during a panel session atContinue Reading
Power By Constance Athekame The Federal Government says Nigeria is on the path to achieving a sustainable power sector and ensuring reliable electricity supply for its citizens. The Minister of Power, Chief Adebayo Adelabu, stated this on Wednesday in Abuja while inaugurating a two-storey building comprising five training workshops andContinue Reading
By Taiye Olayemi The equities market closed on a positive note on Wednesday, as performance indices grew by 0.41 per cent amid increased buying interest and bargain hunting. The uptrend was driven by strong buying interest in medium and large-capitalised stocks such as Chellaram, FTN Cocoa Processors, Berger Paints, SunuContinue Reading
By Ginika Okoye A professor of Capital Market, Uche Uwaleke, has called for the establishment of a National Compensation Fund to assist victims of proven Ponzi frauds. Uwaleke, also the President, Capital Market Academics of Nigeria (CMAN), made the call at a virtual workshop on Ponzi schemes in Abuja. AccordingContinue Reading
By Muhyideen Jimoh The Tinubu Media Support Group (TMSG) says President Bola Tinubu’s economic reforms are responsible for the ongoing boom in Nigeria’s capital market. According to TMSG, the Nigerian Stock Exchange (NSE) has experienced an unprecedented surge over the past 27 months, driven by pro-business policies that hadContinue Reading
By Ginika Okoye President Bola Tinubu has called on bankers, stakeholders, investors to embrace the new economic reforms to build agile, inclusive, and accountable institutions. Tinubu said this at the 18th Chartered Institute of Bankers of Nigeria (CIBN) Annual Banking and Finance Conference in Abuja on Tuesday. The President, representedContinue Reading
Grid By Constance Athekame The Abuja Electricity Distribution Company (AEDC), on Wednesday said that the the national grid collapsed at about 11.23 a.m. The company made this known on its verified twitter handle in Abuja. It said; ”please be informed that the power outage currently being experienced is due toContinue Reading
By Olamide Akintunde The Nigerian Port Authority (NPA) has issued warnings to four terminal operators over environmental pollution within the facility. The port’s Complex Manager, Mr Debo Lawal, made the disclosure in an interview with the News Agency of Nigeria (NAN) in Lagos on Tuesday. Describing port managementContinue Reading
