Tag: Capital Market
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Equity, bond markets doubled indices in two years – NGX Chairman
Chairman, Nigerian Exchange Group, Dr Umaru Kwairanga, says the Nigerian Capital Market has experienced exponential growth since he assumed office in 2022.
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Banks, others raise N2.7trn via rights, public issuance
The Securities and Exchange Commission (SEC) says more than N2.7 trillion has been raised in the capital market by banks and other companies.
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Reps query operators of capital market over unclaimed dividends
The House of Representatives Committee on Capital Markets and Institutions has queried operators of the capital market over unclaimed dividends by shareholders.
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Popular Abuja investment firm shut down over illegal activities
The Securities and Exchange Commission (SEC), has sealed the office of Ready Finance Investors Limited for engaging in illegal investment and other capital market activities.
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Unclaimed dividends in capital market hits N190bn – SEC
The Securities and Exchange Commission (SEC) says that the unclaimed dividends figure in the nation’s capital market currently stands at N190 billion.
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Ponzi schemes, cancer to capital market – SEC
The Securities and Exchange Commission (SEC) has described ponzi scheme as “cancer” bedeviling effective operations of the capital market. The Director-General of SEC, Mr Lamido Yuguda, said this at a post Capital Market Committee (CMC) meeting press conference in Abuja on Friday.
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SEC laments high level of unclaimed dividends
The Securities and Exchange Commission (SEC) has lamented the high number of unclaimed dividends in the capital market.
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SEC optimistic of capital market growth in 2022
The Securities and Exchange Commission (SEC) has expressed optimism of the capital market growth in 2022 due to its various initiatives. The Director-General of SEC, Mr Lamido Yuguda, said this in a statement released by the Commission in Abuja on Sunday. He expressed hope that as the restrictions of COVID-19 and its variants were eased…
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CBN injects $210m into Forex Market
The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market to boost liquidity in the sector. The bank’s Director, Corporate Communications Department, Mr. Isaac Okorafor made this known in a statement in Abuja on Tuesday. Okorafor explained that authorised dealers in the wholesale segment of…
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‘Nigeria’s Capital Market Contributes Less Than 10% to GDP’
Acting Director-General of the Securities and Exchange Commission (SEC), Ms Mary Uduk, has said Nigeria was not utilising its full economic potential despite being able to accommodate a bigger and more attractive capital market. Head of Corporate Communications of SEC, Mrs Efe Ebelo, quoted Ms Uduk as saying in a statement that the country’s capital…