• Naira Closes at 359.3 to Dollar at Parallel Market

    Naira Closes at 359.3 to Dollar at Parallel Market0

    The naira on Monday traded at N359.3 to the dollar at the parallel market in Lagos. The pound sterling and the euro closed at N463 and N407 respectively. At the Bureau De Change (BDC) segment, the naira exchanged at N360 to the dollar, while the pound sterling and the euro closed at N463 and N407

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  • Government inaugurates SEC board

    Government inaugurates SEC board0

    After four years of abeyance, the Federal Government yesterday inaugurated the board of the Securities and Exchange Commission (SEC). At the occasion in Abuja, the Permanent Secretary, Federal Ministry of Finance, Mahmoud Isa-Dutse, who is also overseeing the office of the Minister of Finance, urged listed firms to imbibe good corporate governance and accountability in

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  • JUST IN: Police Raid Oando Head Office

    JUST IN: Police Raid Oando Head Office0

    The police have stormed Oando’s Wing Office Complex located on Ozumba Mbadiwe Avenue, Victoria Island, sending staff of the company scampering from the office on Monday. On Sunday, the Securities and Exchange Commission announced that it had set up an interim management team to oversee the affairs of Oando following the order that the company’s

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  • Access Bank, GTBank and 48 other companies declare N578.114bn dividends

    Access Bank, GTBank and 48 other companies declare N578.114bn dividends0

    Fifty companies including financial institutions that have held their Annual General Meetings (AGM) for the 2018 financial year, have so far declared a total of N578.114 billion dividends for payment to shareholders. Dangote Cement Plc paid the highest dividend of N16 per share, which translated to N272.640 billion. The Breakdown: Guaranty Trust Bank Plc paid

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  • SEC warns Nigerians against the trending Ponzi scheme.

    SEC warns Nigerians against the trending Ponzi scheme.0

    The Securities and Exchange Commission, SEC, has raised the alarm over the activities of some online fraudsters, who are currently running an online investment scheme tagged ‘Loom Money Nigeria’. Loom Money Nigeria, is taking over social media by targeting young people to participate in a pyramid scheme. The warning was given by Acting Director General

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