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POST COVID-19 INFRASTRUCTURE FINANCING IN NIGERIA

The Capital Market Option Deutsche Partners Holding with the special consent of the securities and exchange commission Nigeria under the platform infra dialogue is holding a dialogue termed ” Post covid-19 infrastructure dialogue” where it will hold intellectual and practical discourse about the infrastructure status in Nigeria, its deficit, investment opportunities and the role the …

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MTN

The CBN Has Approved MTN To Begin Banking Operations As Momo PSB

This was revealed in a press release signed by the Company Secretary, titled “THE CENTRAL BANK OF NIGERIA GRANTS FINAL APPROVAL FOR MOMO PAYMENT SERVICE BANK LIMITED TO COMMENCE OPERATIONS.” In November 2021 MTN Nigeria and Airtel Africa received “Approval in Principle” (AIP) from the Central Bank of Nigeria to operate as Payment Service Banks …

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February 2022 FGN Bond Oversubscribed to the tune of N407.7 billion

The federal government of Nigeria bond issuance for the month of February 2022, by the Debt Management Office (DMO), reported an oversubscription from investors amounting to N407.7 billion over the expected N150 billion offered by the DMO. This is according to the February 2022 FGN Bond auction result, released by the Debt Management Office. The …

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Ponzi schemes

S.E.C joins forces with N.O.A and others to Eliminate Ponzi schemes

The Securities and Exchange Commission (SEC), declares that it is working with the National Orientation Agency (NOA) and various government agencies to combat the operations of Ponzi schemes, illegitimate fund managers and operators. The Director-General of SEC revealed this in a goodwill message at the opening ceremony of the NOA’s National Fact-Checking Course in the …

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Dangote share buyback

Dangote Cement Plc commences second tranche of shares buyback programme

Dangote Cement Plc has announced that the second tranche of its share repurchase program has begun.  The move was accepted by the company’s shareholders during the Annual General Meeting in May 2021. The company’s disclosure, which was signed by Edward Imoedemhe, the company’s secretary, and submitted with the Nigerian Exchange Limited, disclosed this. Up to 170,003,074 fully paidup ordinary shares of 50 Kobo each, representing 1% of the presently issued shares, less treasury shares, will be repurchased under the second tranche of the program. The program will begin on the 19th Wednesday of January 2022 and run for two days, ending on the 20th Thursday of January 2022 or whenever the entire tranche size has been purchased. It is crucial to note that the shares will be purchased in the open market during the program, and will be subject to current market conditions as well as the NGX’s current daily trading guidelines. The repurchased shares, on the other hand, will be retained as treasury shares by the firm. Shareholders of Dangote Cement Plc who wish to participate in the program may contact their stockbrokers or any other independent professional adviser registered as a capital market operator by the Securities and Exchange Commission for further guidance.  Deutschepartners.com

NNPC TO BUY 20% STAKE IN DANGOTE REFINERY

Mele Kyari, the Group managing Director (GMD) of the Nigeria National Petroleum Corporation (NNPC) has spoken on the reason the NNPC is acquiring a 20% stake in the Dangote Refinery.According to the GMD, the resolution was engineered by the prospective benefit the business is likely to generate and the relevance of having a decision-making power …

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