The Nigerian Stock Exchange (NSE) has warned newly inducted stockbrokers against unethical practices as the Exchange will not hesitate to sanction any stockbroker that violates its rules.
Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr Oscar Onyema, said the Exchange has a zero tolerance policy on all infractions and it...
In a sweeping move to combat price gouging and unfair market practices, the Federal Government executed surprise enforcement raids across multiple supermarkets and markets in the Federal Capital Territory. The initiative aims to enforce price display and quantity regulations, targeting a reduction in food commodity costs nationwide. Dr. Adamu...
Stanbic IBTC Bank Plc has reaffirmed its interest in the growth of the Nigerian entertainment industry in Nigeria. The bank has reiterated its support for the construction of various cinemas as well as the provision of infrastructure to galvanize growth in the industry.
Enterprise Finance Officer, Enterprise Banking, Stanbic IBTC...
Foreign airlines operating in Nigeria have initiated the unblocking of their low-priced fares on Nigerian routes following the Central Bank of Nigeria's completion of the payment of approximately $7 billion in backlog, which includes over $700 million in unremitted ticket revenue.
The CBN recently announced the clearance of $7 billion...
The Nigeria Deposit Insurance Corporation (NDIC) has warned financial technology (Fintech) operators against disclosing their customers’ financial details without appropriate permission.
Dr Kabir Katata, Deputy Director, Research Department of NDIC, gave the advice in Yola on Wednesday at the 2019 NDIC Workshop for Business Editors and Finance Correspondents Association of...
United Bank for Africa (UBA) Plc on Monday awarded millions of Naira as education grants to winners of its annual national essay competition.
A 14 year-old student of Louisville Girls High School, Ogun State, Miss Oluwatoroti Jolaosho emerged the overall winner of the 2019 edition of the UBA Foundation National...
The Nigerian Electricity Regulatory Commission (NERC) has said that in second quarter 2019, international customers owed Nigeria electricity bills totally N11.17billion.
The commission’s second quarter report noted that in the period under review, the customers did not make any payment to the Nigerian Bulk Electricity Trading (NBET) Plc and Market...
As Lagos state Nigeria enters its third week of lockdown due to the Coronavirus pendamic, family members of over 600 staff sacked by Mikano International Limited have expressed shocke over the sack of their bread winners.
According to one of the affected staff, ‘I have just returned from a trip...
The World Bank has predicted that Nigeria’s economy will grow by 2.1 percent in 2020, adding that growth in the West African Economic and Monetary Union is expected to stabilise at 6.4 percent.
The bank made the prediction in its January 2020 Global Economic Prospects which was released on Wednesday.
Nigeria’s...
