SEC, sole approving authority for securities—Adeosun  Finance Minister, Mrs. Kemi Adeosun, has reiterated that the responsibility for the supervision, regulation and approval of issuance of securities in the local market for Nigeria’s internal debt rests solely with the Securities and Exchange Commission (SEC). The minister stated this in a circular explaining that, in line with its powers as conferred by …

File photo Apapa gridlock killing trade facilitation programme, says NPA The Managing Director, Nigerian Ports Authority (NPA), Ms Hadiza Usman, said the traffic gridlock in Apapa had affected access into the ports and killing trade facilitation programme of government. According to a statement by NPA on Monday in Lagos, Usman said this at a stakeholders meeting held in her office. …

Naira loses 85% of value in two years – CBN …enjoins risk managers to be on top of their job As Nigerians continued to grapple with the hash economic realities bedeviling the domestic economy, the Central Bank of Nigeria has disclosed that the naira has lost about 85 per cent of its value in the last two years and that …