Tag: Investors
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Keystone Bank denies ownership links with Buhari, Atiku; reveals identities of investors
Keystone Bank Limited on Tuesday reacted to allegations making the rounds that President Muhammadu Buhari and some close family relations has a stake in the bank. The bank insisted that either President Buhari nor former Vice President Atiku Abubakar have stakes in the bank. The bank, in a statement said: “The fact of the ownership…
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SEC Extends Deadline for Investors to Regularise Multiple Accounts
The deadline earlier set for investors and shareholders in the Nigerian capital market to regularise their multiple accounts has now been extended by one year. Acting Director General of the Securities and Exchange Commission (SEC), Ms Mary Uduk, while briefing newsmen last Thursday on outcome of the last Capital Market Committee (CMC) meeting for this…
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Unity Bank to unveil new investors after failed Milost $1bn deal
The board of Unity Bank Plc has confirmed that it is in discussions with prospective investors, who are interested in putting their money into the bank with a view to recapitalising it. According to the lender, which was recently suspended by the Nigerian Stock Exchange (NSE) for failing to release its financial results, details of…
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Nigeria is strongest, most profitable economy in Africa, Kachikwu tells investors
Dr Emmanuel Kachikwu, Minister of State for Petroleum, has declared that Nigeria has the strongest economy in Africa and the most profitable investment destination in the world. Kachikwu said this in Atlanta at ‘The Nigerian Oil and Gas Core Strategic Investors’ Meeting’, aimed at presenting the investment opportunities in Nigeria’s oil and gas industry…
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Skye Bank: Lucky Depositors, Disgruntled Investors and Beguiled Public, By Henry Boyo
By Henry Boyo The business license of erstwhile Skye Bank Plc was summarily revoked last month (September 2018) by Godwin Emefiele, the CBN Governor. The revocation came about two years after the financial Regulator sacked the Management in July 2016; the action followed the bank’s inability to meet the mandatory minimum key liquidity and capital…
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Science ministry doles out N43.5m to 121 inventors, investors
The Federal Ministry of Science and Technology (FMST) has given N43.5 million to 121 inventors and investors that are winners of the Presidential Standing Committee on Invention and Innovation (PSCII). Dr Ogbonnaya Onu, the Minister of FMST, who gave the grants to the winners on Tuesday in Abuja, said the grant indicated recognition of creativity…
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Ambode visits Japan, woos investors on transportation, urban development
Governor Akinwunmi Ambode of Lagos State is holding talks with the Japan-African Union Parliamentary Friendship Committee in Tokyo on how to improve transportation in the state. Ambode, in a statement signed by his Chief Press Secretary, Mr Habib Aruna, said the meeting which was to woo Japanese investors, was being attended by two members of…
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Investors, stakeholders gather in Nigeria for 2018 Standard Bank Investors’ Conference
Amid huge expectations, the 9th edition of the Standard Bank West Africa Investors’ Conference is set to hold in Abuja and Lagos, bringing together foreign and local institutional investors, fund managers, regulators and policymakers, bankers, businessmen and captains of industry, among others to engage and explore growth potential and opportunities in Nigeria. The four-day event,…
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Peace in Delta state, tonic for investors, says Gov. Okowa
Delta State Governor Ifeanyi Okowa has described the peace existing in different parts of the state as a tonic for investors. The Governor was speaking today at the 10th coronation anniversary ceremony of HRM Dr. Emmanuel Sideso, Abe I, the Ovie of Uvwie Kingdom, Uvwie local government area of Delta State when he made the…
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Investors trade 5b shares worth N46bn in five days
A total turnover of 5.011 billion shares worth N45.816 billion in 44,569 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 5.021 billion shares valued at N68.974 billion that exchanged hands last week in 41,542 deals. The Financial Services Industry (measured by…