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EconomyMarketsNigeria’s Bond Issuance Oversubscribed by N139 Billion – DMO

Beloved John (Staff Writer)January 22, 2022

ABUJA — The Debt Management Office (DMO) has indicated that the country’s January bond issuance valued at N214.05 billion ended with an oversubscription of N139 billion. The debt office announced in the FGN bond result released on Wednesday. The agency noted that it offered two tranches of bonds worth N75 billion each. The auction ended on January 19 and has a settlement date of January 22, 2022. The agency offered a reopened 10-year bond at...

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EconomyMarketsNewsWe Will Continue Engaging Registrars, Stakeholders to Resolve Unclaimed Dividends — SEC

Beloved John (Staff Writer)December 8, 2021

ABUJA — The Securities and Exchange Commission (SEC) has said stakeholders will interrogate until the rising unclaimed dividends are solved. Director-general of the SEC, Lamido Yuguda, disclosed this during the presentation of the 2022 budget of the commission before the house of representatives committee on capital markets and institutions in Abuja on Tuesday. According to him, part of the problems of unclaimed dividends had to do with identity management. He noted that the agency is...

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InvestingMarketsYoung People Can Help Nigeria’s Capital Market to Advance Globally – Osinbajo

Bada Yusuf Amoo (Correspondent)November 30, 2021

ABUJA — Vice President Yemi Osinbajo, SAN, has said that with more room to redefine the exchange for international competitiveness and the largest concentration of young people in the primary market, Nigeria is in a better position to advance its capital markets locally and globally. He stated this in his keynote speech today in Abuja at the first Capital Market Conference of the Nigerian Exchange Group. The VP spoke at the event with the theme,...

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MarketsNewsEnugu State Government Demolishes Illegal Structures In Abakpa And Eke Obinagu Markets Amidst Tears And Curses

Ije Ulasi (Regional Correspondent)August 13, 2021

ENUGU — The current economic situation of the state no doubt has been biting hard on Nigerians with the skyrocketed inflation rate. Traders complain of low turnover in business while consumers lament the high cost of goods and products; in all, it has been a very trying year as majority of the populace can barely feed from their daily hustle. Regardless of the above premise, the Enugu Capital Territory Development Authority, ECTDA, has swooped in...

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BusinessMarketsCutix Plc Forecasts N1.83b Revenue For Q2 of 2022

PilotnewsJuly 8, 2021

LAGOS — Cutix Plc on Thursday estimated that N1.83 billion in revenue would be realised in the second quarter (Q2) of the Financial Year (FY) 2022. This is contained in a notice posted on the website of the Nigerian Exchange Ltd., titled: Cutix Plc: Second Quarter FY 2022 Forecast for the Period Ended Oct. 31, 2021. The notice was signed by Mrs. Ijeoma Oduonye, Chief Executive Officer and Mrs. Favour Oti, the Chief Executive Officer,...

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BusinessMarketsNasarawa State Government Embarks On Construction Of Neighborhood Market At N349.7million

Hassan Umar Shallpella (Regional Correspondent)May 23, 2021

The Nasarawa State will construct a neighborhood market in the Akwanga Local Government Area at the cost of N349.7million. Flagging off the construction of the market in Akwanga on Saturday, the governor, Abdullahi Sule said it would boost the socio-economic activities and enhance the standard of living of the people of the area and the state in general. He said the construction of the market was part of activities to mark his two years in...

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Crime & SecurityMarketsNewsZamfara State Government Closes Four Markets

Hassan Umar Shallpella (Regional Correspondent)April 23, 2021

The Zamfara State Commissioner of Information, Alhaji Ibrahim Dosara has announced the closure of four markets in the state beginning from April 22 till further notice. The markets are Magami Market in Gusau Local Government, Dansadau Market in Maru Local Government, Wanke Market in Gusau Local Government and Dauran Market in Zurmi Local Government Area. In a statement, the Commissioner said security agencies had been directed to ensure strict compliance and to deal ruthlessly, with...

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MarketsNewsPersons Injured, Cars Burnt As Rioting Hausa Traders Fight To Retain New Artisan Market Enugu

Ije Ulasi (Regional Correspondent)April 23, 2021

The Enugu-Port Harcourt expressway on Thursday witnessed unusual disruption, destruction of properties, and mayhem causing serious tension and panic among residents of the coal city and commuters on the ever-busy road. The crisis erupted when Hausa traders in the New Artisan market vehemently refused the demolition of structures in the market but confronted those who stormed the market for the demolition exercise. Taking advantage of the situation, artisans living within the New Artisan market stalls...

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Accidents and SafetyMarketsNewsNigeriaAnother Market Fire Outbreak Recorded In Nigeria

Hassan Umar Shallpella (Regional Correspondent)March 29, 2021

Fire outbreaks have been ravaging markets across Nigeria, the latest was the popular Namu Central yam market in Quan pan Local government Area, of Plateau state on Sunday night. Recall that Gashua Hay market in Yobe state, Katsina Central market, Tudun Wada Market in Zamfara State have experienced fire outbreaks in the last few days. A resident of Namu community, Alhaji Kabiru Buba told Reporters that food items and other valuables worth millions of naira...

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Accidents and SafetyMarketsNewsFire Guts Katsina Central Market, Goods Worth Millions of Naira Lost

Hassan Umar Shallpella (Regional Correspondent)March 22, 2021

Governor Bello Masari of Katsina state Monday visited the scene of the fire at Katsina Central Market where some sections of the market were razed with hundreds of shops burnt to ashes and goods worth millions of naira lost. It was learned that the inferno started around 8:30 am at a shop and quickly spread to other parts of the market. Masari of Katsina state, who went round the affected sections to see the extent...

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