Friday, November 06, 2020
NASD Plc Boss Lists Benefits of Alternative Investments
The Managing Director, NASD Plc, Mr. Bola Ajomale, has said that alternative investments have many benefits that investors should take advantage of. Apart from equities, there are other alternative investments such as private equity, private debt, real estate, commodities, collectibles and structured products among others. Read more
GTBank Gets CBN’s Approval-in-principle for HoldCo Structure
Guaranty Trust Bank Plc yesterday disclosed that it has obtained an approval-in-principle from the Central Bank of Nigeria (CBN) to commence the formal process of reorganising its bank into a holding company (HoldCo). The bank disclosed this in a notice obtained on the Nigerian Stock Exchange website, which was signed by its Company Secretary, Erhi Obebeduo. Read more
Stockbrokers Urged to Uphold High Ethical Standards
As the stock market continues to witness more patronage stockbrokers have been urged to uphold the highest level of ethical standards in order to sustain the positive performance in the market. The President, Chartered Institute of Stockbrokers (CIS), Mr. Olatunde Amolegbe, gave the charge at the investiture of seven Fellows and induction of 59 Associate members as part of the 2020 conference which ended in Lagos, yesterday. Read more
CIS inaugurates seven fellows, inducts 59 associates
The Chartered Institute of Stockbrokers has inaugurated seven Fellows and inducted 59 Associate Members as part of its 2020 conference, which ended on Thursday. This is just as the World Federation of Exchange’s has commended the Nigerian Stock Exchange on its ongoing demutualisation project and highlighted the rationale for embracing demutualisation by every stock exchange’s members. Read more
Poor infrastructure, barrier to agricultural trade – PwC
Poor infrastructure has been identified as one of the major barriers to agricultural trade within and outside Nigeria. An Associate Director at PricewaterhouseCoopers Nigeria, Taiwo Oyaniran, while speaking at an AfCFTA workshop organised by the National Action Committee on African Continental Free Trade Area Agreement stated that Nigeria had significantly poor transport infrastructure and services, particularly in the rural areas. Read more
FG not monitoring 240 revenue-generating agencies, says Senate
The Senate on Thursday expressed worry over the failure of agencies to remit revenues into the purse of the Federal Government. It also challenged the Office of the Accountant General of the Federation to develop a modern software that would enable government monitor revenues as they were being paid into the federation accounts every minute. Read more
Experts seek review of new CAMA to attract more investment
Participants at the ongoing 2020 conference of the Chartered Institute of Stockbrokers (CIS), have called for an amendment of some sections of the new Company and Allied Matters Act (CAMA), as a prerequisite for the revival of the Nigerian capital market. Read more
Six -month ban awaits COVID-19 test defaulters
Worried by the second wave of COVID-19 already forcing another lockdown in places like France and the United Kingdom, the Federal Government has disclosed stiffer sanctions, including a six months ban for evaders of the mandatory Polymerase Chain Reaction (PCR) tests. Read more
‘Accountable, effective tax regime key to revenue generation’
Nestoil Group has charged the federal government to be transparent and accountable for every tax generated to achieve an effective tax regime, noting that maximizing revenue generation through efficient taxation is the only way to meet its revenue target for 2021 budget. Read more
