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Capital Market
Corporate governance: Seplat defends management structure
SEPLAT Petroleum Development Company Plc has reacted to a newspaper publication alleging that the appointment of Mr Roger Brown negates the provisions of the Nigerian Oil and Gas Industry Content Development Act, 2010.In a statement…
Top 10 Reasons Why Forex Market is the Best to Trade in
There are several reasons why traders would want to look at Forex rather than “traditional” stocks trading. In this article, we discuss all these reasons.
Acquisition: NSE delists Dangote Flour Mills from daily price list
THE Nigerian Stock Exchange (NSE) delisted Dangote Flour Mills Plc from its official list, ending the 11 years history of the company as a quoted public limited liability company.The delisting marked the formal conclusion of the…
CSCS launches Regconnect for operational efficiency
CENTRAL Securities Clearing System (CSCS) Plc has introduced to the Nigerian capital market Regconnect, a web-based application powered by CSCS to transform and improve the user experience of Registrars, by providing an easy to use platform…
Consolidated Hallmark shareholders approve N5.6bn capital raise
SHAREHOLDERS of Consolidated Hallmark Insurance Plc have approved the request made by board of directors of the company to source for additional funds of up to N5.6 billion.The approval was given at the Extra-Ordinary General Meeting of…
Local equities market records 0.52% gain amidst positive sentiments
EQUITIES trading on the Nigerian Stock Exchange (NSE) received boost last week as it recorded gains though the week suffered slight dip on Monday.The All Share Index (ASI) ended the trading week on a bullish note; gaining 0.52 per cent…
Uduk commends FMDQ, says competition good for capital market
Acting Director-General of the Securities and Exchange Commission, SEC, Ms Mary Uduk has commended FMDQ Securities Exchange Plc on its achievements so far, saying its entry has brought about healthy competition in the capital market.…
FMDQ admits Primero N16.5bn bond
FMDQ Securities Exchange Plc has admitted the N16.5 billion Series 1 fixed rate bond of Primero BRT Securitisation SPV Plc on its trading platfom.According to the company, net proceeds of the Primero Bond would be utilised for funding…
Rigth Issue: Red Star to use proceed to develop warehouse in 18 months
Red Star Express Plc, a top courier and logistic service provider, has revealed that it intends to use proceeds from the sale of 336,855,291 units of the company’s shares through rights issue for expansion of its operations.Speaking at…
Dangote to invest $60m on cement factory in Togo
Aliko Dangote, has revealed plans to invest about $60 million in West Africa’s Togo for the construction of a cement manufacturing plant with an annual capacity of 1.5 million tonnes.The factory, to be situated in Lomé, will use clinker…