Nigerian Exchange Limited (NGX) has marked a remarkable turnaround, breaking away from the poor performance of the 2015–2019 period to thrive in the 2020s. Following the oil price crash in 2015 and the ensuing recession in 2016, the 2020s have ushered in a period of unprecedented growth for Nigeria’s stock […]
Category: Exclusives
Exclusives
Nigerian SEC Aims to Balance Innovation and Investor Protection in Fintech
The Securities and Exchange Commission (SEC) has assured stakeholders in the fintech space that the Commission is committed to ensuring transparency and integrity in the regulation of the space. The Commission said it has provided a level playing field to all applicants. The Director General of the SEC, […]
Publish Periodic Returns on Your websites- SEC Charges Public Companies
The Securities and Exchange Commission (SEC) has issued a directive requiring all publicly-listed companies to publish their financial statements on their websites effective from January 2025. The Commission while issuing the directive in a Circular Thursday, warned that failure to comply with this directive would attract sanctions. According to the […]
NGX Group, SEC Deepen Global Partnerships Through Strategic Visit to India
Nigerian Exchange Group (NGX Group), in collaboration with the Securities and Exchange Commission (SEC) Nigeria, has taken a significant step toward enhancing global partnerships within the Nigerian capital market. This was achieved through high-level engagements with the National Stock Exchange (NSE) of India and key players in India’s financial ecosystem. […]
Oriental Energy Conduct Naming Ceremony For Okwok Field FPSO
Oriental Energy Resources (OERL) announces the naming of the EMEM Floating Production Storage and Offloading Vessel (FPSO) at the Dry Docks World Dubai Shipyard in the United Arab Emirates. The naming ceremony was attended by His Excellency Vice President Kashim Shettima GCON, who represented His Excellency President Bola Ahmed Tinubu […]
Nigeria’s Inflation Rises To 34.60% In November, Driven By Food, Core Price Increases
Nigeria’s inflation rate reached 34.60% in November 2024, marking a 0.72 percentage point increase from October’s 33.88%, according to the Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Monday. The figure represents a significant year-on-year rise of 6.40 percentage points compared to November 2023’s […]
Shell Nigeria Announces Final Investment Decision On Bonga North Project
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell Plc, has announced a final investment decision (FID) for the Bonga North deep-water project, located off the coast of Nigeria. The decision was disclosed in a statement issued by Shell in London on Monday. The Bonga […]
BOI Disburses N22.89bn From Manufacturing Intervention Fund
The Bank of Industry (BOI) has disbursed N22.89bn out of its N75bn Manufacturing Sector Intervention Fund to support 29 manufacturers. This was announced by Dr. Olasupo Olusi, Managing Director of BOI, during the bank’s first-ever interactive session with the Organized Private Sector (OPS) held in Abuja. The event, themed […]
FG Not Investigating Air Peace – FCCPC
The Federal Competition and Consumer Protection Commission, FCCPC says its invitation to Air Peace is simply for an inquiry to understand its price methodology and respond to consumers complaints. The Director, Surveillance and Investigation, Mrs. Boladale Adeyinka said neither the airline nor the chairman, Dr. Allen Onyema is under […]
Market Regulation: Senate Passes ISB 2024
In a major boost to the operations of the Securities and Exchange Commission and the Nigerian capital market, the Senate of the Federal Republic of Nigeria has passed the Investments and Securities Bill 2024. The Investments and Securities Bill, meant to repeal the Securities and Exchange Commission (SEC) Act, was passed on the […]