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Capital Market

EFCC investigates MTN over listing on NSE

MTN Nigeria Communications Plc on Saturday said that it was being investigated by the Economic and Financial Crimes Commission (EFCC) over listing of its shares on the Nigerian Stock Exchange (NSE). A statement posted on the exchange web…

SEC approves listing of MTN Nigeria on NSE

The Securities and Exchange Commission (SEC) on Wednesday said it had approved MTN Nigeria’s application to list on the Nigerian Stock Exchange (NSE) by way of introduction. Mrs Efe Ebelo, SEC Head, Corporate Communications, confirmed…

Dollar recovers after brief overnight slip

The dollar recovered on Thursday after suffering some brief losses overnight with traders focusing on relatively confident comments from Fed Chair Jerome Powell on the economy’s outlook. The greenback took a beating after a surprisingly…

VAT designed to support the poor – Fowler

The Federal Inland Revenue Service (FIRS) has stated the Value Added Tax (VAT) is a consumption tax primarily designed to support poor people, and not to create hardship for them. Executive Chairman of the FIRS Babatunde Fowler allayed…

SEC to resume forensic audit of Oando Plc

Dr Abdul Zubair, Acting Director-General, Securities and Exchange Commission (SEC) says it will resume forensic audit to probe Oando Plc based on petitions received by the commission from shareholders of the company. He disclosed this…

CBN injects $210m into foreign exchange market

The Central Bank of Nigeria (CBN) has injected another 210 million dollars into the inter-bank Foreign Exchange Market to meet customers’ requests in various segments. Giving a breakdown of the intervention, the bank’s acting Director,…