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Capital Market
MTN confirms Attorney-General’s withdrawal of $2bn tax demand
THE $2 billion tax demanded from MTN Nigeria Communications Plc by the Attorney General of the Federation (AGF), Mr Abubakar Malami, has been withdrawn, MTN Group confirmed on Friday.In a statement issued over the weekend, the Africa’s…
BUA listing pushes equities market to 2yrs high
EQUITIES trading on the Nigerian Stock Exchange (NSE) last week received boost as it welcomed the listing of BUA Cement Plc’s shares on its main board signaling what might be a positive year to investors on the local bourse.With the…
Equities: 34 company post gains in 2019
IT seems not yet uhuru for the Nigerian stock market, as the local bourse was largely bearish through 2019, save for February when it added 0.92 gain, thereby closing the year with 15 per cent Year-to-Date loss.During the year, about…
Master plan initiatives have made capital market attractive —SEC
THE Securities and Exchange Commission, SEC, has stated that the various initiatives being implemented in the 10- year capital market master plan have made the capital markets more attractive to investors.Acting Director General, Ms…
FCMB, MTN Nigeria join NSE 30, as Forte Oil, Oando exit
THE Nigerian Stock Exchange (NSE) has released the results of its annual full year market index review leading to the entry and exit of major companies from several indices.The review, which had taken effect when the market opened on…
SEC approves extension of C&I right issue
THE board of C&I Leasing Plc has received an approval to extend its rights issue for another two weeks, to give room for more shareholders to partake in the exercise.In a circular by the Nigerian Stock Exchange (NSE) to the…
2020: SEC to tackle unclaimed dividends
THE Securities and Exchange Commission, SEC has said it has outlined a number of initiatives in a bid to resolve the issue of unclaimed dividends in the capital market.Acting Director General of the SEC, Ms. Mary Uduk who spoke in…
Dangote Cement to buy back shares
THE board and management of Dangote Cement PLC has concluded plans to buy back some of its issued share capital, subject to shareholders approval.At an Extraordinary General Meeting (EGM) on January 22nd, 2020, shareholders of the…
Equities market defies Xmas holidays, sustains loss at 0.41% WoW
DESPITE bullish transactions on the floor of the Nigerian Stock Exchange (NSE) on Friday after market indices rose by 1.25 per cent at the close of business, equities trading ends the week with 0.41 per cent loss.The equities market…
Experts hinge inclusion of economic growth on gender balance
FINANCIAL experts have called for gender balance in stimulating financial inclusive growth in the country.The call was made at the Enhancing Financial Innovation and Access (EFInA) 2019 Financial Inclusion Conference held in Lagos.…