Masonry Layout

The World Federation of Exchanges (WFE) on Wednesday responded to the CPMI-IOSCO Framework for Supervisory Stress Testing (“SST”) of Central Counterparties (“CCPs”). ​ According to WFE, the  purpose of the Framework is to guide global securities regulators as they collaborate on SSTs to observe the systemic effect of market stress on multiple CCPs across jurisdictions. The WFE has welcomed this initiative as …

Read More »

The Vice President of the Economic Community of West African States (ECOWAS), Edward Singhatey,  said it was unacceptable that extreme poverty, disease, criminality, terrorism and other social vices keep defining the structure of the sub- region on Tuesday. Singhatey spoke in Lagos during the Commission’s meeting with non-state actors and civil society organisations (CSOs), including West African Civil Society Forum …

Read More »

The Federal Government has revealed plans to adopt a new approach to recover stolen funds stashed abroad. Minister of Foreign Affairs, Geoffrey Onyeama, who briefed State House Correspondents at the end of the Federal Executive Council (FEC) meeting, yesterday, said the approach was to negotiate directly with the Ministry or Department of Justice of the United States of America or …

Read More »

Pan-African financial services group, United Bank for Africa (UBA) Plc, has once again added to its growing list of laurels by emerging best institution in two esteemed categories at the prestigious Interswitch Awards and Gala. UBA , beat other nominees in its category, taking away the prize for the Fastest Growing Bank Partner given to the bank with the most …

Read More »

The Federal High Court in Lagos has summoned the Chairman of Seplat Petroleum Development Company Plc, Dr. Ambrose Orjiako, over alleged disobedience of an order of court. Justice Hadiza Shagari on Wednesday ordered that Orjiako must appear before her on October 16 to defend the allegation of contempt of court levelled against him by a firm, AOS Orwell Ltd. AOS …

Read More »

Photo Caption: From Left:Willie Sam Ndata, Doyen of Stockbrokers; Usen Ekpenyong, Group Executive, Greenwich Trust Limited; Haruna Jalo-Waziri, Executive Director, Capital Markets Division, The Nigerian Stock Exchange (NSE); Mr. Paul Kitching, Derivatives and Capital Markets Education and Femi Onifade, Head, International Primary Market, NSE at the Derivative Training: Corporate and Investment Application of Derivatives at the Exchange on Wednesday. Advertisement

Read More »

After two days of deprecation, activities on the floor of Nigerian Stock Exchange (NSE) reversed two days of losses in last week of September, by closing positive on Wednesday September 27, 2017 with an increase of 0.44 percent, bringing the year to date return to 30.62 percent. The All Share Index closed at 35,103.40 against the previous close of 34,951.27 …

Read More »

Defying its critics, the N100 billion seven-year debut Sukuk offer by the Debt Management Office (DMO), which closed last week Friday, has been oversubscribed by 5.87 per cent. The sukuk, a project-tied investment facility, according to a statement Tuesday by DMO, attracted investors from across a broad spectrum of the public comprising pension funds, banks, fund managers, institutional and retail …

Read More »

The Federal Government has said it has released a total sum of N336 billion for the implementation of capital projects contained in the 2017 budget. The Minister of Finance, Mrs. Kemi Adeosun, who confirmed the release in a statement issued on Tuesday, said the amount was for the first quarter of this year. The 2017 budget was presented to the …

Read More »

The Islamic sukuk bond recently issued by the Federal Government was oversubscribed by more than N5 billion, the Debt Management Office said on Tuesday. The N100 billion seven-year sukuk offered by the Federal Government, which closed on Friday, attracted a subscription of N105,878,320,000, according to a statement issued in Abuja by the DMO. According to the DMO, the project-tied investment …

Read More »