The Ebonyi State Governor, Engr. Dave Umahi has said “Let me assure our visiting American investors and Ibeto Company that Ebonyi State has a law called Investors Protection Act. This law ensures that we offer an irrevocable standing payment order, with special agreement which insulates the investor from government interference and any change of government”. […]
…say state peaceful, secure for investment New set of investors have made presentations to the Enugu State Executive Council (EXCO) on the possibility of establishing business investments in the state in line with the robust investment drive of the Governor Ifeanyi Ugwuanyi administration. A Morocco based company, OCP Africa, the world’s first producer and exporter […]
The FCT administration says it is ready to transform the Nigerian Economy and make it globally competitive, just as it has assured it has assured investors of its determination to bring early completion of the Industrial Park phase 2 at Idu foreign investment. The FCT Minister, Malam Muhammad Musa Bello gave the assurance Tuesday, at […]
The total transactions value traded in the Foreign Exchange (Forex) market between January and March, 2018, settled at a whopping sum of N15.32 trillion, Investigations by The Daily Times revealed. The forex market, represents a platform in which participants are able to buy, sell, exchange and speculate on currencies, and is made up of banks, […]
The Nigerian currency, Naira, at the end of trading activities at the Investors & Exporters Foreign exchange Window (I&E), last week, appreciated against the US Dollar by 0.05 per cent to close at N360.0, amid weekly injections by the Central Bank of Nigeria (CBN). The apex bank during the week under review lifted the Foreign […]
…Say only 0.076% of 60% property value is payable Coalition of Real Estate Investors and Surveyors, Lagos, has thrown its weight behind the re-enacted Land Use Charge Law, saying after its thorough analysis of the of the LUCL 2018, Owners-Occupiers are expected to pay a token percentage of 0.076% of the value of the assessed […]
The Naira, at the close of trading week strengthened against the US Dollar at the Central Bank of Nigeria (CBN) spot market, Investors & Exporters Foreign Exchange (I&E) FX window and the parallel segment of the forex market, findings by The Daily Times findings has showed. In the first two months of this year, the […]
.. As CBN injects $531.4m in one week Continuous huge transactions volume recorded in the last four weeks at the Investors and Exporters FX (I&E) window, has boosted the Nigeria’s foreign exchange market with a whopping total turnover of $4.3 billion in the last four weeks, Investigations by The Daily Times revealed. Also, in line […]
The repositioning effort of investors on the Nigerian equities market was sustained on Tuesday , as demand continues to pitch against supply. Subsequently, the equities market ended positive for the third consecutive trading session, up +0.42 per cent close the day at 44,493.79. The market capitalization also closed higher at N15, 949,697,954,473.97. Investors transacted a […]
.Records transactions worth $655.7m in a day, highest in 2018 . As CBN boosts FX market with fresh $514.4m Achievements recorded in the Nigeria’s foreign exchange market over the time has been consistently linked to the continuous high turnover at the Investors and Exporters (I&E) FX window, just as it declared a whopping total transactions […]
…Conoil led gainers’ table, Guinness with 1.76% loss as worst performer The upbeat tempo of the Nigerian equities market was sustained on Wednesday, as optimism continued to drive investors’ sentiments, pitching demand for blue chip stocks against supply. The Nigeria equities market sustained its bullish run for the third consecutive trading session, gaining +3.60per cent […]
To make the business environment favourable to businessmen and other investors in Nigeria, a call has gone out to the President to see how he can stabilize the price of naira against the Dollars. Ezeogo Jones Udeogu, a retired permanent secretary, from the Commission of Finance, Abia State, one-time Commissioner for Finance and Economic Planning, […]
The Investors & Exporters (I & E FX) FX window as at close of 2017 recorded a whopping total transactions’ turnover of $25.65 billion in just nine months of operations in 2017, The Daily Times can authoritatively report. Due to low investors’ confidence and foreign exchange scarcity in 2017, the Central Bank of Nigeria (CBN) […]
The Securities and Exchange Commission (SEC) has announced that the e-dividend registration exercise would continue seamlessly in spite of the expiration of the December 31st 2017 Free Registration deadline. It would be recalled that the e-dividend Free Registration expired on December 31, 2017. Acting Director General of SEC, Dr. Abdul Zubair, who made the announcement […]
As at the close of trade on the floor of the Nigerian Stock Exchange (NSE) for the year ended December 31st, 2017, all but one performing indices of the exchange closed positive year to date (ytd), pointing to expectations of 2018 year. Greater challenges however confront retail investors most of which hinge on long- term […]
Understanding of operating mechanism of Collective Investment Schemes and retail investors’ rights in the scheme, may be attributable as some of the reasons retail greater number of retail investors still shun CIS. Pointer to his emerged recently when, at a stakeholders’ meeting, it was disclosed that investment advisers and fund managers, may out of their […]
The drive by the Lagos State Governors, Mr. Akinwunmi Ambode to create a private- sector driven tourism economy has earned the full confidence of multinational companies, notable entrepreneurs’ business owners and managers alike across the state. This was the general consensus at a stakeholders’ review meeting held with sponsors of the Lagos Street Carnival and […]
With barely three weeks of trading activities till the end of the 2017 financial year, the domestic bourse (Nigerian Stock Exchange, NSE) has not relented in its positive performance, as it closed positive for the third consecutive week, with the Market Capitalization appreciating by N345 billion or 3.46 percent to close the week at N13.672 […]
…Approves N28.8m grants, vehicles to CDCs Lagos State Governor, Mr Akinwunmi Ambode on Thursday joined in the celebration of the grand finale of 2017 Community Day, assuring that the year 2018 would be better for residents and investors in terms of implementation of projects and policies aimed at making life comfortable and easier. Speaking at […]
….plans to grow profit by 200 per cent in 5 years An integrated oil & gas offshore support vessel services firm with operations in West Africa, was on Monday, November 27, 2017, listed on the trading platform of the Nigerian Stock Exchange (NSE). About 800 million ordinary shares of the company, Global Spectrum Energy Services […]