Nigeria To Raise Funds From Capital Market To Fund Universities

Nigeria To Raise Funds From Capital Market To Fund Universities

The Government lacks the financial capacity to fund Nigerian Universities, President Muhammadu Buhari has said.  Speaking at the convocation of the University of Ibadan which coincided with the institution’s 70th anniversary on Saturday, Buhari explained that the federal government will...
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Photo New

Photo New

L – R:  Ogun State First Lady representative Mrs. Yemisi Durojaye; Miss Lawrence Deborah of Good Shepherd School, Lagos; Mr. Bola Adeeko, Head, Shared Services Division, The Nigerian Stock Exchange (NSE) and Mr. Yahaya Hamza, Director/Head of Sectors, Susta...
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Nigeria Raises $2.86b Eurobonds

Nigeria Raises $2.86b Eurobonds

The Federal Government on Wednesday said it had raised 2.86 billion dollars three-series international bond under its Global Medium Term Note Programme.  Mr Paul Abechi, Special Adviser to the Minister of Finance on Media and Communications disclosed this in ...
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CBN Boosts Forex Market With $210m

CBN Boosts Forex Market With $210m

In its latest round of intervention, the Central Bank of Nigeria (CBN) on Tuesday, November 13, 2018, injected the sum of $210 million in the inter-bank foreign exchange market. Figures obtained from the CBN indicate that the authorized dealers in...
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SEC Reiterates Commitment To Boost Capital Market Curriculum

SEC Reiterates Commitment To Boost Capital Market Curriculum

The Securities and Exchange Commission (SEC) has restated its commitment to further educate and enlighten investors in the Nigerian capital market to enhance their ability to make informed investment decisions.   The Acting Director General of SEC,  Mary Ud...
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Heritage Bank Canvasses Increased Support For Agriculture

Heritage Bank Canvasses Increased Support For Agriculture

Heritage Bank Plc has called on government at all levels and deposit money banks to increase supports in agriculture, as it is the most resilient and important sector of Nigerian economy, despite underwhelming investment in the sector. The Executive Director.....
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FIRS Generates N4.3tri In 10 Months

FIRS Generates N4.3tri In 10 Months

The Federal Inland Revenue Service (FIRS) on Friday said it generated N4.3 trillion as tax revenue between January and October this year. FIRS Executive Chairman, Babatunde Fowler, disclosed this during the “Federal Inland Revenue Service Special Day” at t...
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SAHCO To Divest 406,074,000  Shares, Sets Aside 10 Per cent For Workers

SAHCO To Divest 406,074,000 Shares, Sets Aside 10 Per cent For Workers

Skyway Aviation Handling Company Plc (SAHCO) on Monday  announced plans to raise N1.9billion in an Initial Public Offering (IPO).  Speaking in Lagos, the Chairman, SAHCO, Dr Taiwo Afolabi, explained that the IPO was being undertaken based on terms of the...
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Naira Appreciates Against Dollar

Naira Appreciates Against Dollar

The Naira on Monday gained 10 kobo to exchange at N363.64 to the dollar at the investors’ window, stronger than N363.74 posted on Friday. Market turnover at the investors’ window stood at 231.24 million dollars, higher than 226.35 million dollars...
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TSA Cost Gulps N16b In Two Years

TSA Cost Gulps N16b In Two Years

The Nigeria Government has spent N16 billion on Treasury Single Account (TSA) transaction costs in two years, Accountant-General of the Federation (AGF) Ahmed Idris has said. He said the government would no longer bear the service charge on all payments...
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NAHCO Records N7.25B Turnover, N601.3M Profit In Nine Months

NAHCO Records N7.25B Turnover, N601.3M Profit In Nine Months

Riding on the back of an excellent half – year performance, the Nigerian Aviation Handling Company plc (nahco aviance) has once again posted impressive Q3 results.  In the figures released to the Nigerian Stock Exchange (NSE), the Company recorded N7.25...
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CBN Injects $337.16m, 56.17m CNY Into Retail Secondary Market Intervention Sales

CBN Injects $337.16m, 56.17m CNY Into Retail Secondary Market Intervention Sales

The Central Bank of Nigeria (CBN) on Friday said it injected 337.16 million dollars in the retail Secondary Market Intervention Sales (SMIS) in its first intervention in the inter-bank foreign market for November. A statement issued in Abuja by Isaac...
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CBN Unveils Guidelines For Payment Service Banks

CBN Unveils Guidelines For Payment Service Banks

As part of measures to promote a sound financial system and  enhance access to financial services for low income earners and unbanked segments, the Central Bank of Nigeria (CBN) on Thursday unveiled operational guidelines for Payment Service Banks (PSBs).  T...
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PFAs Invest N1.49t In Treasury Bills

PFAs Invest N1.49t In Treasury Bills

Not less than N1.49 trillion have been invested by Pension Fund Administrators (PFAs) in Treasury Bills.  According to the monthly National Pension Commission (PenCom) report released at the weekend in Abuja by its spokesman, Peter Aghahowa, the PFAs invested...
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