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Daily Archives: July 5, 2019

NSE grants Airtel waivers for free float without meeting requirement

Airtel listing pushes market capitalisation by N1.34 trillion

• As index slumps further by 0.3 per cent The Nigerian Stock Exchange (NSE), has granted a waiver to telecom operator, Airtel Africa, to list its shares on the Exchange without meeting the minimum requirement of 300 shareholders on the ...

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West Africa targets $57b investment, integrated ports, rail sector

Nigeria, Russia sign MoU on railway modernisation

West African countries will later this month meet in Lagos to chart path to integrated ports, road and rail transport sector, with new investments in excess of $57 billion for the region. The new cooperation, which is the central focus ...

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Pirates on Nigerian waters risk life imprisonment, N500 million fines

Pirates on Nigerian waters risk life imprisonment, N500 million fines

Hard times await pirates that operate on Nigerian waters, as the Suppression of Piracy and other Maritime Offences Bill, signed into law by President Muhammadu Buhari recommended a life sentence for culprits. A copy obtained by media source, showed the ...

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SEC adopts new measure to tackle unclaimed dividend

SEC advises Nigerians to shun ponzi schemes

• Reduces costs, time for transmission of deceased shares • Registrars risk paying over N1million for infringement To further slash the quantum of unclaimed dividend in the capital market to the barest minimum, the Securities and Exchange Commission (SEC), Wednesday, ...

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‘Why oil vandals outsmart protection techniques’

‘Why oil vandals outsmart protection techniques’

• Pipeline explosion kills two burns 30 vehicles in Lagos • We’re exploring modern methods to curb menace, says NNPC • Expert laments absence of leak detection system in Nigeria The continued vandalisation of oil assets in Nigeria has again ...

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Vessel owners fault FG, others on freed sailors

Vessel owners fault FG, others on freed sailors

Owners of ‘MT APECUS’ have berated the federal government, the navy, the police as well as the Indian government over the recent release of five Indian sailors and one Nigerian (the captain) kidnapped in Bonny, arguing that they did nothing ...

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