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NEWS
Investors’ wealth slumps further by ₦329bn amid dwindling oil price
Source: The Guardian
Amid fears of persistent decline in global oil prices and rising cases of COVID 19, the equities market recorded the highest decline since 12th September 2019 yesterday, causing capitalisation to depreciate further by ₦329 billion.
Besides only one stock appreciated in price at the end of yesterday-s transactions on the Nigerian Stock Exchange (NSE). Specifically...
One year after plane crash, Boeing struggles to revive 737 Max model
Source: The Guardian
Today marks a year after the Ethopian Airlines’ 737 Max plane crashed in Ethiopia, forcing the airplane model to be grounded worldwide and still not revived to date
Ethiopian Airlines (ET) yesterday remembered two Nigerians – Prof. Pius Adesanmi and Amb. Abiodun Bashua, and other 155 persons who died in the plane crash. The airlines, after its Morning Prayer ritual at Addis Ababa,....
Shareholders urge public officers to operate within ambits of law
Source: The Guardian
Shareholders in Nigeria’s capital market have urged public officers to operate in accordance to the law to boost investors’ confidence.
The shareholders, who spoke in an interview with The Guardian on the arraignment of the suspended Director-General, Securities and Exchange Commission (SEC), Mounir Gwarzo, last week Thursday, on alleged 14 counts bordering on gratification and abuse office...
Recent News
Sound corporate governance as elixir to market confidence
Source: The Guardian
Every quoted company strives o achieve its objectives, in a profit-oriented enterprise, these objectives would be to maximize returns to its shareholders.
In addition, the organisation has to function within its environmental guidelines...
FG inaugurates working group to drive IFRS 17
Source: The Guardian
The federal government through the National Insurance Commission (NAICOM), has inaugurated the Insurance Induatry Financial Reporting Working Group (IIFRWG) that would drive steadying adoption of International Financial Reporting Standards (IFRS) 17, in Nigeria by 2020. The Acting Commissioner for...