In Nigeria, investors who acquired shareholdings with fake names and unverifiable details will be forfeiting them to the Nigerian Securities and Exchange Commission, SEC. The SEC also said it will prosecute subsequent perpetrators of such criminal acts. There are no figures of how much such shares are worth, however, sources […]
Fintech will no longer be in the fringes of financial services in Nigeria with the arrival of FINT, a peer to peer lending platform that is set to launch this month. Less than two weeks ago, Chiwete John-Njokanma, CEO at FINT announced the arrival of the beta version of the […]
One of the good news we want to hear is FINT, a peer to peer lending website preparing to ship. In the midst of the Ponzi schemes and scams parading themselves as peer to peer lending platforms, the arrival of FINT will further enlighten many who have misconstrued this form […]
Nigeria has met investors today to market its green bond programme. The country will pitch to investors using a conference Themed “Green Bonds: Investing in Nigeria’s Sustainable Development”, the Conference is organized by the Federal Ministry Environment in collaboration with Federal Ministry of Finance and Debt Management Office and will […]
Activities in the Nigerian Stock Exchange (NSE) ground was brief due to the Public Holiday declared by the Federal government on Monday 2nd of January,2017 to celebrate the New Year. There was a total turnover of 4.31 billion shares worth NGN7.37 billion in 9,330 deals traded this week by investors […]
Latest data from the National Bureau of Statistics shows that investment inflow into Nigeria experienced a great decline in the first nine months of 2016. It recorded an inflow of USD3.57bn in 2016 in contrast to its inflow of USD8.08bn in the same period in 2015, this represent a decline […]
Baring any last minute change, Access Bank, Nigeria’s fourth largest bank by asset base is set to sell Eurobond to raise its working capital and providing credit to investment-grade blue chips. According to sources at Bloomberg, Access Bank officials, will from today (27th of September, 2016), embark on a debt […]
Some hours ago, Standard & Poor’s, popular called S&P credit rating agency announced that it has downgraded Nigeria’s to junk credit rating status. Many people might not understand what a ‘junk’ credit rating means. Well, a ‘junk’ rating is one of many credit score that a country, an organisation and an individual […]
Three months after the Securities and Exchange Commission, SEC gave its final decision that BGL Group should be blacklisted, the once-high-flying asset management company is finally becoming history. A visit to BGL’s website shows that all contact plugins, chats, data and research portals have been deactivated either by the hosting […]
The Securities and Exchange Commission SEC said all ‘dividend warrants can now be deposited into savings accounts’ from anywhere in the country. The SEC said it is a follow up to a “directive from the Central Bank of Nigeria (CBN) via Circular referenced BPS/DIR/GEN/CIR/03/005 dated 28th July, 2016 instructing banks […]