Professor of Finance and Capital market at the Nasarawa State University Keffi Uche Uwaleke says the plan by the Central.Bank of Nigeria to unify the exchange rates would lead to increased capital inflow for the three tiers of government. Uwaleke, who spoke to Blueprint on the backdrop of plans by the Apex Bank to adjust the official Exchange rate to align Read More
Mixed reactions greeted the foreign exchange (forex) market last week, even as the foreign reserve, a measure of strength of the local currency and trade, advanced 2.2 per cent to $35.7 billion last week from the $34.9 billion it stood the previous week. Of course, the good news about the foreign reserves is as a result of the bullishness of Read More
The Securities and Exchange Commission, SEC has said that it is leveraging the various opportunities available in the Fintech space to ensure proper regulation of the Capital market in the face of the COVID-19 pandemic. Acting Director General of the SEC, Ms. Mary Uduk said this in an interview over the weekend. Ms. Uduk said the apex regulator had to Read More
Nigerian workers have been urged to invest in the Nigerian capital market in a bid to create wealth and save towards their retirement. The advice was given by the Acting Director-General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk, in a goodwill message on the commemoration of the 2020 International Workers Day celebration. Uduk urged workers to deliberately set aside Read More
The registration of another depository in the capital market by Securities and Exchange Commission (SEC) last year has created room for choice making among the stakeholders. AMAKA IFEAKANDU writes on the impact of Financial Market Dealers Quotation (FMDQ) Depository in the country, nine months after it became operational. After 26 years existence of a sole depository in the nation’s capital market, Read More
The registration of another depository in the capital market by Securities and Exchange Commission (SEC) last year has created room for choice making among the stakeholders. AMAKA IFEAKANDU writes on the impact of Financial Market Dealers Quotation (FMDQ) Depository in the country, nine months after it became operational. After 26 years existence of a sole depository in the nation’s capital market, Read More
A financial analyst has urged investors to take advantage of low price of stocks in the nation’s capital market to reposition their investment. The Chief Research Officer, Investdata Consulting Limited, Mr Ambrose Omordion who made this statement said that the current undervalued state of the market offers opportunities for investors to reposition for the short to long term. He said Read More
As COVID-19 pandemic continues to wreck havoc on the economy of various countries across the world including Nigeria, insurance underwriters in the country are not comfortable with the situation, saying the effects of the pandemic may not augur well with the industry. Speaking specifically on the impact of world health challenge occasioned by the outbreak of Coronavirus on the ongoing Read More
In a bid to address challenges associated with identity management in the capital market, the Securities and Exchange Commission, SEC has developed a standardized Investor’s Data and Consent Form to be adopted by all Capital Market Operators. Identity theft is the deliberate use of someone else’s identity, usually as a method to gain financial advantage or obtain credit and other Read More
The Kano state House of Assembly Wednesday approved the request by Governor Abdullahi Ganduje to access N50 billion bond from the capital market. Speaker of the House, Alhaji Abdulazeez Gafasa, read a letter signed by the governor, dated 24th March, seeking for their approval to access the loan. The speaker, who presided over the plenary, stated that the loan was Read More
The Senate Committee on Capital Markets has expressed it’s determination to ensuring that investments are safe in the Nigerian capital market. This assurance was given by the Chairman of the Committee, Senator Ibikunle Amosun during a meeting with the management of the Securities and Exchange Commission (SEC) in Abuja. Senator Amosun stated that the Nigerian economy as it is today Read More
Open Market Operations (OMO) activities remain the CBN’s main tool in regulating system wide liquidity. In October 2019, the CBN prohibited local corporate and retail investors from purchasing Open Market Operations (OMO) bills at both the primary and secondary markets. This was aimed at curbing regulatory arbitrage as banks exploit the MPR’s +200bps/-500bps asymmetric window. OMO sales fell by 41.43 Read More
The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Oscar Onyema, has described the recently passed Financial Act as landmark achievement for the Nigerian capital market. The Finance Act, which supposedly seeks to, among other things, promote fiscal equity and align domestic laws with global best practices, took effect on February 1st, 2020. Onyema who disclosed this at a Read More
Trading activities on the floor of Nigerian Stock Exchange yesterday close northward, as local institutional and fund managers continue with Portfolio repositioning strategy, gaining N471 billion. The Market Capitalisation of listed equities gained 3.54 per cent to N13.787 trillion from N13.316 trillion reported on Tuesday. The NSE All Share Index also appreciated by 975.55 basis points to 28562.48 points from Read More
The securities and Exchange Commission, (SEC) has said that as a step towards fulfilling its avowed commitment to infuse Capital Market Studies into the Curriculum of schools in Nigeria, the Commission has started the development of teachers’ guides. Acting Director-General of the SEC disclosed this in her welcome address in Lagos at the third quarter capital market committee meeting. In Read More
Investors in the capital market have been urged to diversify their investment portfolio in order to mitigate risk. The Acting Director-General of the Securities and Exchange Commission, SEC, Ms. Mary Uduk stated this at a one-day enlightenment programme for the Nigerian Army Ordinance School, Ojo Cantonment, Lagos, weekend. Uduk who was represented by the Head Lagos Zonal Office of the Read More
Nigeria’s FMDQ Securities Exchange Plc is working on a plan to kick-start mortgages to boost trading on the nation’s capital markets. “The lack of housing finance is one of the reasons why our capital market has not grown as it should,” Chief Executive Officer Bola “Koko” Onadele said told Bloomberg in an interview. “We should be talking of 30-year mortgages Read More
National Association of Nigerian Traders (NANTS) has urged the Ghanaian government to review the amount paid on the issuance of Business Registration Certificate to non-Ghanaian citizens, including migrants of ECOWAS/African Member States. According to the country’s trade laws, a non Ghanaian is required to pay $5 000 which is 0.5 per cent of the minimum capital requirement of N1 million. National Association Read More
The decision by the Security and Exchange Commission (SEC) to enforce its mandate in the Nigerian capital market when it sanctioned Oando PLC has left the public searching for answers, BENJAMIN UMUTEME writes.For several weeks now the recent step by the Securities and Exchange Commission’s (SEC’s) regulatory to instill discipline in the nation’s capital market and, by so doing protect Read More
The Securities and Exchange Commission (SEC) has said that it will continue to collaborate with relevant stakeholders to sensitise investors on the need to regularise their multiple accounts as well as claim their dividends.Uduk who spoke during an interview in Abuja, weekend, said the Commission has taken various steps to ensure that shareholders benefit from their their investments in the Read More
The expectations that listing of Airtel Africa Plc will boost activities in the market as transactions on the floor of Nigerian Stock Exchange on Thursday remained volatile, shedding N265 billion. Specifically, Market Capitalisation of listed equities declined by 1.86 per cent to N13.993 trillion from N14.258 trillion reported the previous day. The NSE All Share Index also depreciated by 543.70 Read More
Volume of transactions on the floor of Nigerian Stock Exchange (NSE) yesterday declined by 35.92 per cent. The NSE trading result showed that volume of activities went down by 105.851 million as investors traded 188.772 million shares worthN3.717 billion in 3363 deals. This is against 394.623 million shares cost N3.218 billion exchanged hands in 4034 deals. Market Capitalisation of listed equities also depreciated Read More
The federal government has again reiterated its commitment towards building a vibrant capital market that would contribute to the growth and development of the country and can compare with similar markets anywhere in the world. This was disclosed by the Vice President, Prof. Yemi Osinbajo when the members of the Capital Market Master Plan Implementation Council, CAMMIC led by its Read More
The Securities and Exchange Commission (SEC), has reiterated it earlier directives to shareholders of defunct Skye bank to claim their dividend payment. The apex regulstor of the capital market said dividend payment is part of its investor protection programme and as well as ensure that shareholders get the benefits of investing in the capital market. According to Acting DG, Ms. Read More
The partnership entered into by the three bodies-the Securities and Exchange Commission (SEC)/Nigerian Capital Markets Institute (NCMI) and the Chartered Institute for Securities & Investment (CISI), the Nigerian capital market is on its way to becoming a catalyst for growth, BENJAMIN UMUTEME reports. When the Securities and Exchange Commission (SEC)/Nigerian Capital Markets Institute (NCMI) and the Chartered Institute for Securities Read More
Copyright © 2020 | WordPress Theme by MH Themes