12

Oct

Investors gain N116bn as NGXASI grows by 0.45%

The Nigerian equity market on Tuesday grew as the All Share Index appreciated by 0.45% to settle at 47,565.92 points from the previous close of 47,351.43 points. Investors gained 116 billion as The Market Capitalisation was up by 0.45% to close at N25.907 trillion from the previous close of N25.791 trillion. An aggregate of 125.65 million units […]

SEC considers new regulatory framework to boost capital market activities

The Director General of Securities and Exchange Commission (SEC), Lamido Yuguda,  has said that the commission is considering a new regulatory framework that will further enhance the scope and operations of non-interest finance in the capital market. According to Yuguda, the new framework will address challenges and unleash the potential of non-interest capital market. He said the[…]

11

Oct

NNPC explains reason for delayed payment to fuel importers

The CEO of NNPC Limited, Mele Kyari in a recent interview has said that the Company deferred payment to fuel importers, due to Nigeria’s falling crude revenues. Kyari noted that the fuel trading companies NNPC has deferred payments to are: Vitol, Total, Sahara Group, and Oando.  Kyari noted that the fuel trading companies NNPC has deferred payments[…]