SEC emphasises need to attract, retain investments in Nigeria

The Securities and Exchange Commission, SEC, has urged stakeholders in the capital market to steps to attract and retain both local and foreign investments to stimulate economic growth and develop critical infrastructure necessary for the country’s development.  Acting Director General, SEC, Ms. Mary Uduk, gave this charge yesterday at the formal launch of the book…

Toyin Sanni Launches Her Book ‘Riding The Eagle’, An Investment Guide on Nigeria

Seasoned Nigerian Investment Banker Mrs Toyin Sanni today at the Nigeria Stock Exchange (NSE) launched her book “Riding the Eagle: A Guide to Investing in Nigeria”. The event brought together stakeholders in the financial services sector and the capital market. Giving his opening remarks the Chief Executive of the NSE, Mr Oscar Onyema, noted that the…

Naira appreciates to N358 in parallel market

The Naira, yesterday, appreciated to  N358 .5 per dollar in the parallel market. According to naijabdcs.com, the live exchange rate platform of the Association of Bureaux de change Operators of Nigeria (ABCON), the parallel market exchange rate fell to N358 per dollar yesterday from N360 per dollar the previous week, indicating N2 appreciation for the…

Foreign Investors stake $1 billion on treasury bills

Despite the approaching elections, which has seen foreign portfolio investors exit Nigeria, some others apparently hold a contrarian view. Sources familiar with the transaction, revealed $1 billion in fresh funds was channelled to buying treasury bills last week. While foreign portfolio investors holding equities may have largely pulled out, regardless of who wins the elections,…

Speculators mop up land in Lagos’ $15bn free trade zone

Some real estate investors/developers and speculators are raising stake in land purchase in Ibeju-Lekki communities, home of Lekki Free Trade Zone (LFTZ), Lagos, New Telegraph has learnt. According to investigation, more than 200 property firms, business owners and home seekers are jostling for space in the corridor, acquiring large expanse of lands, while others have…