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Thursday, March 17, 2022 / 05:30 AM / by Proshare Research/ Header image credit: Ecographics Technology and capital market The Nigerian money market has seen a slew of technological innovations as fintech companies and conventional depository banks face off in an uphill battle for the mandate of retail financial customers. The struggle to deepen the …

To print this article, all you need to do is be registered or log in to Mondaq.com. introduction It is now a well-established norm that tax laws are periodically reviewed in Nigeria in line with the National Tax Policy adopted by the Federal Executive Council in 2018.1. Since 2019, the National Assembly has always accompanied …

By Aduragbemi Omiyale The Securities and Exchange Commission (SEC) is working with other agencies to cleanse the Nigerian capital market of Ponzi schemes. SEC Managing Director Mr. Lamido Yugudu has expressed his displeasure with the proliferation of illegal fund managers in Nigeria’s investment climate. He lamented that the promoters of these schemes continue to defraud …

Nigeria: Finance Law 2021 – How the capital market and real estate sectors are impacted February 08, 2022 Udo Udoma & Belo Osagie To print this article, all you need to do is be registered or log in to Mondaq.com. INTRODUCTION The Finance Act 2021 (the “FA 2021”) introduced changes that could …

By Aduragbemi Omiyale The National Assembly (NASS) has pushed for stricter capital market regulation to attract a wide range of investment in a secure and transparent environment. According to the Chairman of the House Committee on Capital Markets and Institutions, Mr. Babangida Ibrahim, efforts should be made to further strengthen the current capital market regulatory …

Some Nigerians would still cringe at the mere mention of “investment”. This is due to their exposure to dubious schemes of fake investment platforms and Ponzi schemes. Therefore, as part of efforts to curb this, a bill to outlaw Ponzi and Pyramid schemes passed second reading in the House of Representatives. The bill also proposes …

Posted January 20, 2022 The Securities and Exchange Commission said technology, innovative financial instruments and the impact of the COVID-19 pandemic are transforming capital market operations. The SEC said this while commending the Nigerian Exchange Limited, the Central Securities Clearing System and other capital market players who are working to develop the market while coping …

Through Chinwendu Obienyi For For many years, Nigeria has been ranked globally as the apt illustration of a nation suffering from the resource curse problem. So, in a bid to break away from the resource curse classification, attempts have been made to improve the Nigerian oil and gas legal framework to spur real growth and …

FE ONLINE REPORT | Published: January 11, 2022 8:10:53 PM | Update: January 14, 2022 08:40:07 Entrepreneurs are showing their interest in raising funds in the capital market of the country to develop the growth of their business. Many large profitable companies are gearing up to come into the market given the favorable environment, said …

The country’s capital market had another turbulent year with a 25 percent return in the main stock exchange’s core index despite feuds between the two concerned regulators over some policy issues. In the outgoing year 2021, the Dhaka Stock Exchange (DSE) also posted a decade-high daily turnover value as well as an increase in the …

The country’s Dhaka and Chattogram stock exchanges ended the year with their broad indices gaining a quarter as better-than-expected economic and corporate performance and low interest rates attracted a larger base of investors to equities. . DSEX, the general index of the Dhaka Stock Exchange (DSE), closed the year at 6,756 points on December 30, …

NEW YORK, NY / ACCESSWIRE / December 27, 2021 / FingerMotion, Inc. (“FingerMotion” or the “Company”) (OTCQX: FNGR), a mobile data and services company, is pleased to announce that the Company’s common shares have been approved by The Nasdaq Stock Market LLC (“Nasdaq”) to be listed on the Nasdaq Capital Market. Trading on the Nasdaq …

LONDON: Investing in cryptocurrencies is not for the faint of heart – bitcoin had another volatile year, dropping from $ 29,405 at the start of the year to $ 67,554 in November and was trading at $ 50,908 Friday. Yet 2021 was the year more people were exposed to the world of crypto than ever …

The Capital Market Stabilization Fund (CMSF) consists of unclaimed and undistributed dividends as well as an IPO subscription redemption mandate and is seen as a stabilizing force in the capital market. 19 December 2021, 09:20 Last modification: December 19, 2021, 11:33 Nironjan Roy, CPA, CMA / Banker. Illustration: SCT “> Nironjan Roy, CPA, CMA / …

CAMBRIDGE, Mass., December 13, 2021 /PRNewswire/ — NeuroSense Therapeutics Ltd.(Nasdaq: NRSN) (“NeuroSense”), a clinical-stage biotechnology company focused on discovering and developing treatments for patients suffering from debilitating neurodegenerative diseases, such as ALS, Alzheimer’s disease and of Parkinson, today announced the closing of its first public offering on the Nasdaq Capital Market of 2,000,000 units, each …

1. LIC (Life insurance company) LIC is a government owned insurance provider and it is also India’s largest insurer. It was formed by the Indian government in 1956 by merging 245 insurance companies. With approximately 2,048 branches across the country and a large network of LIC agents, it’s hard to count the true value of …

ATHENS, Greece, December 03, 2021 (GLOBE NEWSWIRE) – Imperial Petroleum Inc. (Nasdaq: IMPP) (the “Company”), a shipping company providing petroleum products and crude oil shipping services, announced today hui that it completed its spin-off from StealthGas Inc., effective December 3, 2021. The common shares of the company, par value $ 0.01 per share, and 8.75% …

Osinbajo expressed his point of view in his opening speech at the Nigerian Exchange Group (NGX) First Capital Markets Conference, which was held in Abuja on Wednesday, December 1, 2021. According to the vice president, “Every savvy investor must now seek to be part of the miracle of the Nigerian unicorns, the five or six …

Bangladesh Securities and Exchange Commission (BSEC) Chairman Prof. Shibli Rubayat-Ul-Islam briefed Prime Minister Sheikh Hasina on issues affecting the development of the country’s capital market. “We have highlighted the problems that hinder spontaneous movements in the capital market,” he told The Business Standard after an exclusive meeting with the prime minister on Wednesday. “The government …

August 16, 2021 marked what has been described as the end of several years of uncertainty and stagnation in the oil industry. The Petroleum Industry Act (PIA) was enacted by President Muhammadu Buhari. Nigeria has been on this path for 20 years, but the recent signing of the PIA promises to reform and modernize the …

By Dipo Olowookere Those wishing to explore the Islamic capital market in Nigeria have been assured of an attractive enabling environment by the Securities and Exchange Commission (SEC). According to the Chief Executive Officer of the SEC, Mr. Lamido Yuguda, efforts are being made to work with relevant stakeholders to implement recommendations for the non-interest …

Thursday 04 November 2021 07:00 / [email protected] / Header Image Credit: EcoGraphics Nigerian stock Marlet closed October 2021 in the green zone as the market saw sentiment improve from the previous month of September 2021. The NEASI rose by + 4.52% versus + 2.55% gain recorded in September 2021 as the NASD USI closed north …

Kayode Tokede The Managing Director of the Securities and Exchange Commission (SEC), Mr. Lamido Yuguda said that the capital market is open for business and willing to provide all necessary support to the Lagos Free Zone, among other companies to access capital cheap needed to improve growth. Yuguda praised it during a joint SEC and …

US Representative Tom Emmer (R-MN) said his reintroduction of the Main Street Growth Act (HR 5795) serves to stimulate the structure of the capital market while creating jobs. © Shutterstock Emmer also noted that the measure would encourage an increase in initial public offerings (IPOs) at an early stage. “It is essential that our capital …

Lamido Yuguda Kayode Tokede The Managing Director of the Securities and Exchange Commission (SEC), Mr. Lamido Yuguda said that the capital market is open for business and willing to provide all necessary support to the Lagos Free Zone, among other companies to access capital cheap needed to improve growth. Yuguda praised it during a joint …

• Supports the efforts of CBN on production growth, eNaira, others • Insists that the weakening of the currency could affect government spending James Emejo and Sonia Mayomi in Abuja The Association of Capital Market Academics of Nigeria (ACMAN) yesterday called on the federal government to take full advantage of opportunities in the Nigerian capital …

Quasem Industries Limited recorded 107% profit growth, generating capital gains in fiscal year 2020-21 amid the pandemic. Half of the profits came from government compensation for the acquisition of land in Tangail. In FY21, the country’s largest dry cell battery maker made a profit of Tk 9.16 crore; of which, Tk4.59 crore came from government …

The stock market, insurance and pension funds could actively help finance the roughly $ 928 billion that Bangladesh needs to meet its Sustainable Development Goals (SDGs) by 2030, as bank loans alone will not be enough. not, various experts said yesterday during a webinar. The country needs an additional $ 928.48 billion from 2017 to …

Chris James might seem an unlikely person to become the most prominent ESG investor of 2021.  The founder of Engine No. 1, a small investment firm whose David and Goliath boardroom victory over ExxonMobil stunned the financial world this spring, was born and raised in the coal mining town of Harrisburg, Illinois, where his family …

SEC logo Mr. Francis Boadu, Head of Department (HoD) in charge of brokers and advisers at the Securities and Exchange Commission (SEC) called on investors to seek general information on the capital market and market products, to seek information capital market operators, report persons suspected of operating in the unlicensed capital market, report fraudulent investment …

KARACHI: The Central Depository Company (CDC) further reduced the base rate for its major depository services to lower the cost of doing business in the capital market. The move was “in line with the vision to facilitate capital market participants and the guidelines of the Securities and Exchange Commission of Pakistan (SECP),” according to a …

Salman F Rahman, private industry and investment adviser to the Prime Minister, on Tuesday stressed the need to strengthen the base of institutional investors to stabilize the capital market. “We have a deficit of institutional investors, which is a big problem for the capital market,” he said, adding that 80% of investors are in retail …

Five-year plan for a progressive and inclusive market The Securities Commission Malaysia (SC) launched its third Capital Market Masterplan (CMP3) last Tuesday, Sept 21, during a time of turbulence and unprecedented disruption. Against this backdrop, the SC has developed a five-year framework for a more inclusive market and a shared journey of recovery as Malaysia …

Monday, Sep 27, 2021 / 5:45 a.m. / by SEC Nigeria / Header image credit: SEC Nigeria The Securities and Exchange Commission has again asserted that the capital market has the potential to fill the infrastructure gap in the country as well as help economic development. This was stated by the Executive Commissioner of Operations …

DENVER, September 24, 2021 (GLOBE NEWSWIRE) – Assure Holdings Corp. (the “Society” Where “To assure“) (TSXV: IOM; OTCQB: ARHH; OTCQB: ARHHD*), an intraoperative neuromonitoring service provider (“IONM“), announced that its common shares have been approved for listing on the NASDAQ Capital Market (“NASDAQ“). Trading on NASDAQ is scheduled to begin September 29, 2021, under the …

By Peter Egwuatu The Securities and Exchange Commission, SEC, has launched a risk-based management rule in the Nigerian capital market. The Commission has also instructed the Risk Management Association of Nigeria, RIMAN, to provide its experience on its rules for managing exposed risks which would help deepen the capital market. READ ALSO: Mixed trends, as …

Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubayat Ul Islam has expressed strong optimism that the capital market will continue to flow, saying that no quarter invested can now engage in any deed. criminal in the stock market as in the past. “The government is working to ensure a good business environment. As …

Faruq Ahmad Siddiqi, former chairman of the Bangladesh Securities and Exchange Commission, said there is no need to worry about the current index and the average price-to-earnings ratio in the capital market, but it is time to be careful. Regulators have not been careful enough on these issues, he said Tuesday in an interview with …

COURTESY OF PHILIPPINE STOCK EXCHANGE, INC. Through Keren Concepcion G. Valmonte THE PHILIPPINE STOCK EXCHANGE (PSE) hopes at least 200 billion pesos in capital will be raised on the stock exchange this year, as it seeks to encourage more small companies to list their shares. “I hope at least 200 billion pesos in capital will …

United States: SEC Reviews and Approves NYSE Rule Changes to Allow Raising of Capital in Direct Listings To print this article, simply register or connect to Mondaq.com. In short The situation: In August 2020, the Division of Trading and Markets (“Division”) of the United States Securities and Exchange Commission (“SEC”) approved proposed rule changes by …