Companies Fake Poor Operating Positions To Seek Delisting…SEC

…As Commission Put Strigent Measure in Place To Check Further Abuse …Encourages Youth To Imbibe Saving Culture The Securities and Exchange Commission (SEC), has disclosed that listed companies have been found to fake operating positions to get regulatory approval to delist from the equities market. The Commission said to further checkmate such scenario from playing-up […]

Trading on NSE Regains’ Momentum With Market Indicators Rising 0.25% … Again Unilever Nigeria Top Profit Table   

Transaction on the floor of the Nigerian Stock Exchange (NSE) Friday, witnessed a turnaround from the decrease on Thursday as key market indicators regains its momentums with 0.25 increase, bringing the year to date return to 42.14 percent. However, Unilever Nigeria Plc that is currently seeking over N58 Billion from existing shareholders through right issue, […]

NDIC Secures Judgement In Favour of Lead Merchant Bank Customers

The Nigeria Deposit Insurance Corporation (NDIC) has secured a landmark judgement to the tune of N556,493,034.16 (Five Hundred and Fifty-Six Million, Four Hundred and Ninety-Three Thousand, Thirty-Four Naira and Sixteen Kobo Only) in favour of depositors of Lead Merchant Bank Limited in-liquidation. According to a statement which was made available to Financial Edge on Wednesday, […]

No Nigerian Bank Is Near Distress, NDIC Says

Every Nigerian bank is currently healthy and on sound footing, the Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, has indicated,. The NDIC Boss stated this on Thursday, reassuring members of the public to ignore rumours being circulated that some banks were in financial distress. NDIC position was made public in a statement […]

2017 Budget Defence: House Committee Applauds NDIC Performance

The House ofRepresentatives Committee on Insurance and Actuarial Matter has commended the NigerianDeposit Insurance Corporation (NDIC) during the presentation of 2017 budgetdefence, as part of the committee oversight function. The Managing Director/Chief Executive Alhaji Umaru Ibrahim successfully defended theCorporation’s proposed 2017 budget began by calling the attention of theHonourable members to the delay in the […]

UBA CFO, Finance Team Shines at CFO Awards

UBA CFO, Finance Team Shines at CFO Awards Pan-African financial services group, United Bank for Africa Plc repeated the outstanding feat, it recorded last year at the 2nd edition of Nigeria CFO awards, but took it a notch higher when its Group Chief Financial Officer (GCFO) and the Finance Team bagged the treble at the […]

Market Growth: SEC, NERDC signs MoU on introduction of Capital Market Studies

Market Growth: SEC, NERDC signs MoU on introduction of Capital Market Studies The Securities and Exchange Commission (SEC) is set to achieve another milestone by infusing capital market studies (CMS) into schools curriculum with the signing of a Memorandum of Understanding (MoU) with the Nigerian Educational Research and Development Council (NERDC). This was done weekend […]