Tag: Finance

IOSCO to Tackle Conflicts of Interest in Equity Capital Raising Process
February 22, 2018 No Responses

IOSCO to Tackle Conflicts of Interest in Equity Capital Raising Process

The Board of the International Organization of Securities Commissions (IOSCO) is proposing guidance to help its members address conflicts of interest and associated misconduct risks that may arise during the equity capital raising process.   Conflicts of interest and associated...
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FG approves $6.7b for construction of Ibadan – Kaduna standard gauge railway project
February 22, 2018 one Response

FG approves $6.7b for construction of Ibadan – Kaduna standard gauge railway project

The Federal Executive Council (FEC), presided over by President Muhammadu Buhari, on Wednesday approved 6.7billion dollars for the construction of Ibadan-Kaduna standard gauge railway project. Addressing State House correspondents on the outcome of the meeting...
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NCDMB Injects $200m to Boost Indigenous Participation in Oil, Gas Sector
February 20, 2018 No Responses

NCDMB Injects $200m to Boost Indigenous Participation in Oil, Gas Sector

 The Nigerian Content Development and Monitoring Board (NCDMB) said it set aside a 200-million dollar Nigerian Content Intervention Fund (NCIF) to boost participation of Nigerians in the oil and gas sector. The Executive Secretary of the board, Mr Simbi Wabot...
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‘Label tax evasion, malpractices by Multinationals as foreign corrupt practices’
February 19, 2018 4 Responses

‘Label tax evasion, malpractices by Multinationals as foreign corrupt practices’

Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, has called for the designation of tax malpractices by Multinational Corporations in Nigeria and other developing countries as ‘foreign corrupt practices’.   She made the call at the Platform for Collabor...
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SEC Targets Increased Level of Financial Inclusion by 2020
February 19, 2018 No Responses

SEC Targets Increased Level of Financial Inclusion by 2020

The Securities and Exchange Commission (SEC) has said that it aims to achieve increased level of financial inclusion of Nigerians by the year 2020.   Acting Director General of the SEC, Dr. Abdul Zubair stated this during a financial inclusion...
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Nigeria, Global Bodies Move To Stop Illicit Financial Flows in Africa
February 16, 2018 No Responses

Nigeria, Global Bodies Move To Stop Illicit Financial Flows in Africa

Nigeria and global organisations, including theOrganisation for Economic Cooperation and Development (OECD) and the World Bank Group, have agreed on high-level collaborations with Nigeria and other African countries to stop Illicit Financial Flows (IFF) in Afr...
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FirstBank Processes N1 Trillion on 894 Quick Banking Channel
February 15, 2018 No Responses

FirstBank Processes N1 Trillion on 894 Quick Banking Channel

First Bank of Nigeria Limited has recorded ‘strides’ in its Financial Inclusion services delivery, via its 894 quick banking, a USSD based channel that enables customers to access banking services using any type of phone and without data/internet.   The ...
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Adeosun to Address UN, OECD on Tax, Revenue Leakages
February 13, 2018 No Responses

Adeosun to Address UN, OECD on Tax, Revenue Leakages

The Honourable Minister of Finance, Mrs. Kemi Adeosun, has been invited by the Organisation for Economic Cooperation and Development to speak at the Platform for Collaboration on Tax Conference on Thursday, February 15, at the United Nations in New York....
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NSE market capitalisation drops by N136billion
February 12, 2018 No Responses

NSE market capitalisation drops by N136billion

Transactions on the Nigerian Stock Exchange (NSE) opened on Monday on depressed note with the market indices sliding by 0.90 per cent.  At the end of transaction for the day, market capitalisation shed N136 billion or 0.90 per cent to...
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FG re-appoints Consortium of Banks to implement $2.5b Euro bond
February 8, 2018 No Responses

FG re-appoints Consortium of Banks to implement $2.5b Euro bond

The Federal Government has announced the re-appointment of a consortium of banks including Citi Group, Standard Chartered, Stanbic IBTC, Whitten-Case and African Practice to implement its 2.5billion dollars Eurobond scheme. The Minister of Finance, Mrs Kemi Ad...
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CBN injects $210m into foreign exchange market
February 6, 2018 No Responses

CBN injects $210m into foreign exchange market

Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure availability and meet customers’ requests in various segments of the market. Giving a breakdown of the amount, the acting Director, Corporate...
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NPA exceeds N286b revenue target for 2017, generates N299b
February 5, 2018 No Responses

NPA exceeds N286b revenue target for 2017, generates N299b

For the financial year ended December 31, 2017, the Nigerian Ports Authority (NPA) generated N299billion.   The Authority had at the beginning of 2017 set for itself revenue target of N286billion.  Speaking at the weekend, Managing Director of NPA, Hadizat.....
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CMD organises 2,198 courses in 10 years
February 4, 2018 No Responses

CMD organises 2,198 courses in 10 years

The Centre for Management Development (CMD) says it has organised no fewer than 2,198 programmes in 10 years to build the capacity of government officials in various management sector. CMD Director- General, Dr Kabir Usman, stated this in a document...
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World Federation of Exchanges to focus on SMEs, cyber security, regulatory coherence in 2018
February 2, 2018 No Responses

World Federation of Exchanges to focus on SMEs, cyber security, regulatory coherence in 2018

The World Federation of Exchanges ( WFE) has agreed its 2018 business priorities will focus on areas including regulatory coherence; CCP recovery & resolution issues; cyber security; FinTech; and SMEs. ​ ​These key business priorities are in addition t...
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