Finance articles

I didn’t ask Gwarzo to discontinue Oando probe-Adeosun

I didn’t ask Gwarzo to discontinue Oando probe-Adeosun

Minister of Finance, Kemi Adeosun has denied that she ordered suspended Director General of the Securities and Exchange Commission (SEC) to discontinue with the probe of oil firm, Oando Plc for violating redulations of SEC. The Minister made this clarification in a statement on Friday issued by Oluyinka Akintunde, her Special Adviser on Media and

Gwarzo, it’s time to face your allegations

By Chikwelu Chukwujindum There is no doubt that one of the biggest drawbacks to national development particularly in African countries south of the Sahara is the reckless and bare-faced conversion of public funds and property to personal use by public officials. In Nigeria, Africa’s most populous nations, the challenge of rising to its full potential

FG appoints Abdul Zubair acting SEC DG

The Federal Government of Nigeria has appointed Dr. Abdul Zubair, the acting Director General of the Securities and Exchange Commission (SEC) with immediate effect. He was before the appointment, the Director in charge of External Relations in the Commission. In view of the foregoing, the SEC Nigeria, wishes to assure the investing public and all

Capital Market Operators urged to adapt to new business environment – Mounir Gwarzo, SEC DG.

The Director General of the Securities and Exchange Commission, Mr. Mounir Gwarzo has urged capital market participants to constantly adapt to new and rapidly changing economic, regulatory and business environments which will aid them in performing their expected roles in economic development of the nation. He mentioned this during his opening remarks at the 21st

Buhari asked us to focus on northern Nigeria — World Bank

The President of the World Bank Group, Jim Yong Kim, said on Thursday that the bank had concentrated on the northern region of Nigeria in line with President Muhammadu Buhari’s request. Kim and the Managing Director, International Monetary Fund, Christine Lagarde, who spoke at separate press conferences in Washington DC, United States, also advised Buhari

Nigerians express concern over indiscriminate bank charges-Report

A recent public opinion poll by NOIPolls has revealed that most Nigerians (80 percent) are expressing concern over what they refer to as incessant and indiscriminate bank charges levied on their accounts by commercial banks. The poll, which was prompted by recent media reports and commentary on bank charges and deductions from customer accounts without

BREAKING: National Assembly passes 2017 budget

The National Assembly has passed the 2017 Appropriations Bill, raising the budget from N7.28 billion earlier proposed by President Muhammadu Buhari in December last year, to N7.44 trillion. The Appropriations Committees of the Senate and the House of Representatives separately presented their harmonised reports of the budget for consideration and subsequent passage on Thursday. According

FG reverses forex restrictions for schools fees, medical tourism, business travels, others

The Central Bank of Nigeria(CBN) has reversed it policy restriction on foreign exchange (forex)and has ordered banks to set up forex kiosks at airports. This policy reversal was made public via a statement by Isaac Okoroafor, the Apex Bank’s spokes man. SEE STATEMENT BELOW: “In continuation of efforts to increase the availability of Foreign Exchange

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