Thursday , September 29 2016

Capital Market

Converged Dynamic Ponzi Scheme Is Illegal-SEC


SEC logo         The Nigerian Securities and Exchange Commission (SEC) on Wednesday notified the investing public that Converged Dynamic International Limited is illegal. This is contained in a notice posted on its official website that the transactions of the company is not recognized by the commission and therefore ...

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New Authorised Traders Admitted to NASD OTC Market


  We are pleased to welcome the two (2) Authorised Traders who have completed their induction during the course of the week. The individuals have completed their membership requirements with the NASD OTC and are eligible to trade any of the 31 securities on the OTC Market. This brings the ...

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Money Market

Elumelu, Secretary Pritzker’s toast to Africa


Secretary Pritzker and Tony Elumelu, Chairman of UBA Plc at the African Business Forum organised by Bloomberg and the United States department of Commerce in Newy York last week.           The United Bank for Africa (UBA), Africa’s leading Pan-African bank, recently hosted a cocktail reception for ...

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FGN External Debt Mostly Concessional


FBNQuest Research       FGN external debt at end-June amounted to US$11.26bn, equivalent to 3.4% of 2015 GDP. The total has increased by US$540m over six months, and the outstandings to the World Bank Group by US$560m. The group remains by far the largest external creditor, and multilateral creditors ...

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Brand News

Pan-African Re/Insurance Journalism Awards 2017 now open for submissions.


Continental Re logo         Continental Reinsurance Plc has today launched the second edition of the Pan-African Re/Insurance Journalism Awards. The competition, open to both English and French-speaking journalists, recognises the outstanding work of Africans who cover the insurance and reinsurance sector across the continent. Continental Reinsurance is ...

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Business Wheels

FEC Approves Construction Of Seaport In Badagry


The Federal Government has approved the construction of the proposed deep seaport in Badagry, Lagos State. Minister for Information, Lai Mohammed, who disclosed this at the end of the Federal Executive Council meeting held in Abuja, said the project would be built by the private sector. Minister for Power, Housing ...

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Our Change Agenda is Real, Irreversible – Minister


Lai Mohammed           The Minister of Information and Culture, Alhaji Lai Mohammed, has said the Administration’s change agenda is real and irreversible, despite the derision of the agenda by those opposed to it. ”To those who have been mocking our change agenda, we say let them continue to entertain ...

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PenCom To Workout Housing Plan For Contributors


L-R: Director General Chinelo- Anohu Amazu and Client Leadership Group with International Finance Corporation(IFC) Sub Saharan Africa, Solomon Adegbie-Quaynor at the just concluded 2016 World Pension Summit ‘Africa Special’ held in Abuja. The Director-General, National Pension Commission (PenCom) Chinelo – Anohu Amazu on Wednesday said that the commission is working tirelessly to ...

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News from Nigeria

Africa News

ADB to support Nigeria budget with $1bn


Akinwumi Adesina       The African Development Bank (ADB) has revealed its plan to support Nigeria budget with $1 billion. President of the ADB, Dr. Akinwunmi Adesina made this known during official visit to Nigeria at State House, Abuja, on Monday. The ADB President unfolded the packages his institution ...

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AfDB in talks with CSOs on Africa’s transformative agenda


AFDB logo             The African Development Bank’s consultations with Civil Society Organisations (CSOs) in the Central Africa region are currently underway in Yaoundé, Cameroun. The September 26-28, 2016 discussions aim at enhancing cooperation between the two at regional and country levels in order to effectively ...

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Crime Reports