Determined to further grow and deepen the capital market in the domestic economy, the Securities and Exchange Commission (SEC) has urged existing and prospective shareholders in the market to embrace E-Annual reporting system. Director General of the apex regulator in the capital Mr. Mounir Gwarzo made the appeal during the post Capital Market Committee (CMC) briefing with the financial journalist …

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From Folake Sokoya Baale of Oshoko village at Ibeju-Lekki and three others have been arrested by the Lagos State Police Command for killing a policeman and burying his body. According to the State Commissioner of Police, Fatai Owoseni who briefed journalists at the Police Officers’ Mess, Ikeja on issues bothering on security on Wednesday August. The suspects were arrested following …

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From Folake Sokoya The Lagos State Police Command on Wednesday arrested ten persons in connection with ritual killing of a 4-year-old girl at Iwaya, Yaba, Lagos. The State Commissioner of Police, Fatai Owoseni described the incident as sad, asserting that the innocent girl’s throat was slit and the body dumped behind her parent’s window. “A sad incident happened this morning …

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Against the backdrop of shareholders of Guaranty Trust Bank Plc receiving 30 kobo dividend that was declared on Tuesday, the board of directors of the bank has disclosed that it received a total of 7,181 complaints on various issues from its customers for the period ended June 30, 2017. The Central Bank of Nigeria (CBN) guidelines on resolution of customers’ …

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Some gunmen attacked the head office of the Economic and Financial Crimes Commission (EFCC) in Abuja on Wednesday. Wilson Uwajaren, spokesman of the commission, who disclosed this in a statement hours after the incident, said the gunmen left a death note for one of the anti-graft agency’s detectives. He disclosed that the intruders could not make their way into the …

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Cosmetics marketed at women of colour contain higher levels of toxins such as mercury, steroids and hormone-disrupting chemicals that are associated with a range of health problems, including cancer, experts have warned. According to experts from George Washington University and Occidental College in the US… • Even small amounts of toxins in beauty products could trigger “adverse health consequences” that …

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Hope for Women in Nigeria Initiative (HOFOWEM), pet project of Mrs. Bolanle Ambode, has commenced a two-day entrepreneurial training programme, at its Oregun office for youths in Lagos State, aged from 15 to 34 years. It is the foundation’s way of marking the 2017 International Youth Day. The programme which thoroughly examined entrepreneurship education trained more than 80 youths in …

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Turnover recorded in the OTC market for the month of July 2017 amounted to ₦11.53trn; an 8.62% (₦1.08trn) increase from the value recorded in June 2017. Treasury bills’ transactions accounted for 43.66% of total turnover while FGN bonds accounted for 4.53%. In the same period, Money Market and Foreign Exchange market activities accounted for 29.71% and 22.01% of total turnover respectively. The value of transactions in …

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First Bank of Nigeria Limited has announced the appointment of Mr. Tosin Adewuyi as a Group Executive of First Bank of Nigeria Limited and an Executive Director of its flagship subsidiary FBNBank UK Limited.  The appointment is, however, subject to approval from the appropriate regulatory bodies in Nigeria and United Kingdom.  Tosin holds a bachelor’s degree in Economics & Accounting from …

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Transactions on the floor of Nigerian Stock Exchange (NSE) practically succumbed to profit taking pressure on Tuesday as key market indicators continued to decrease as observed on Monday. Specifically, the market went down by 2.25 percent, thereby bringing the year to date return to 38.04 percent. The All Share Index closed at 37,096.60 against the previous close of 37,950.96 while …

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