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 […]

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FG Bonds Record 97% Oversubscription, Says DMO

The Debt Management Office (DMO) has revealed that the 10-year tenor bond issued in the just-concluded October auction recorded a 97 per cent oversubscription. The DMO, in a bond summary disclosed that the five-year tenor bond posted six per cent subscription, adding that of the N50 billion offered for each bond, the five-year tenor bond […]

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Access Bank Grows Q3 Earnings to N365bn

Despite the challenging operating environment, Access Bank Plc, one of the leading tier one bank, has announced its third quarter (Q3) results for 2017 which reflect the Bank’s ability to generate sustainable earnings. The full service commercial bank with headquarters in Nigeria, has its other operations across Sub-Saharan Africa, the UK, Asia and the Middle […]

Capital Market a Necessity for Economic Development

Jingdong Hua, Vice President and Treasurer Nigeria is already one of the largest economy and the country with the biggest population on the African continent. By 2050, it will be home to 410 million people, making it the third most populous country in the world. Sustained economic growth is therefore imperative to meet the challenges […]

Pension Assets Rise To N7 Trillion

The total assets under the Contributory Pension Scheme rose to N7.09 trillion as of the end of August, this year. Figures obtained from the National Pension Commission revealed that the funds had continued to maintain a steady growth since inception of the scheme. PenCom stated that the aggregate pension assets under the CPS grew from […]

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NSE Suspend Trading In Oando Shares

The Nigerian Stock Exchange (NSE) has suspend trading in the shares of Oando Plc, effective for forty eight hours from today October 18 to 20, 2017. The suspension follows the Securities and Exchange Commission (SEC) directive to the self regulatory body. According to a statement from the NSE, which was signed by Tinuade Awe, General […]

Pension N6.5trn fund Assets under major threat, says PenCom, PenOp

Pension funds which currently stood at N6.5 trillion is faced with a major threat of depletion due to the multiple Bills sponsored by some persons and bodies at the National Assembly if becomes law. These were the words of the pension regulator, The National Pension Commission (PenCom) and the umbrella body of pension operators, Pension […]

PenCom Set to Open Transfer Window

The National Pension Commission (PenCom) has concluded arrangements for the opening of transfer window to customers. The Executive Director, Operations and Services, Premium Pension Limited, Adamu Mele, made the disclosure in an interview with the News Agency of Nigeria (NAN) in Abuja yesterday. According to him, there are several institutions handling the identity of Nigerians. […]