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Companies and group of individuals’ ambitious targets to
raise funds through Crowdfunding the Nigerian financial markets are being
inhibited by the restrictive provisions in the Companies and Allied Matters
Act, 1990 and Investment and Securities Act, 2007 the Securities and Exchange
Commission (SEC) has disclosed.
A new report by the National Pension Commission indicates the
recovery of N9.38bn pension funds deducted from the salaries of workers but not
remitted by their employers, NIKE POPOOLA reports
The National Pension Commission has recovered N9.38bn from
various employers of labour across the country that failed to remit pensions
deducted from their workers’ salaries under the Compulsory Pension Scheme to
the employees’ ...
In order to ascertain the actual well-being of banks owing to
the nation’s macroeconomic challenges and rising non-performing loans (NPLs),
the Central Bank of Nigeria (CBN) is currently carrying out examination on
banks. At the end of the exercise, the banking sector regulator said, it would
determine how best the industry should be supported.
The National Union of Air Transport Employees (NUATE) has
passed a vote of confidence on the current board and management of Nigerian
Aviation Handling Company Plc (NAHCO) led by its chairman, Malam Suleiman
In an apparent response to the competition in the fixed
income market sector of the nation’s capital market, the Nigerian Stock
Exchange yesterday announced the revision of the listing and trading fees for
securities listed and traded on platform.