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    NSE Fines 19 Companies N53m Over Non-compliance

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    The Nigerian Stock Exchange (NSE) has imposed a fine of N53 million on 19 listed companies for inability to meet the regulatory requirements ranging between full year ended December 31, 2014 and first quarter ended March 31, 2016. The companies include Great Nigeria Insurance, Daar Communication, DN Tyre & Rubber, Equity Assurance, Flour Mills,  Tripple…

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    UBA Deputy GMD Receives ECOBA Award

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    As a mark of recognition for outstanding performance and hard work, the Deputy Group Managing Director, United Bank for Africa Plc (UBA), and Chairman of UBA Pensions Custodians Limited, Mr. Victor Osadolor, was at the weekend given an award by the Edo College Old Boys Association (ECOBA) Lagos Chapter for distinguishing himself in the banking…

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    Investors Receive N29bn Unclaimed Dividends – SEC

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    Registrars of companies in the Nigerian capital market have paid over N29 billion to investors that have not been able to claim their dividend. The director-general of Securities and Exchange (SEC), Mounir Gwarzo disclosed this during an interactive session with capital market journalists  over the weekend, in Lagos. Gwarzo said that the e-dividend platform has…

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  • Lagos State Wins Lafarge Africa National Literacy Competition

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    Lagos State contestants has emerged winners of the third edition of the Lafarge Africa National Literacy Competition. The Lagos contestants emerged after beating their counterparts from other regions; Plateau, Gombe, Enugu, Edo, Abuja at the grand finale which was held on November 17, 2016 in Lagos. The Lafarge National Literacy Competition is organised annually, in…

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    Forte Oil Raises N9bn 5-year Fixed Rate Bond

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    Forte Oil Plc, a public liability company listed on the Nigerian Stock Exchange and a foremost integrated energy service provider, has successfully closed its N9 billion Series One debt issue. This is the first series of its proposed N50 billion bond issuance programme. The funds raised will be used to refinance existing short term commercial…

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    Bears On Rampage As Stock Market Sheds 0.21%

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    Activities on the Nigerian stock market maintained a downward trend, yesterday with major equities recording price loses led by Nestle, Glaxosmith and CAP. In summary, the All-Share Index (ASI) shed 53.35 absolute points, representing a decline of 0.21 per cent to close at 25,599.79 points. Similarly, the market capitalization shed N18 billion to close at…

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    Ashaka Cement To Delist From Stock Exchange

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    The board of directors of Ashaka Cement Plc has opted for a voluntarily delisting of the company from the Nigerian Stock Exchange (NSE). This will lead to delist of all the ordinary issued share capital of the company from listing on the official list and from trading on the main market of the Nigerian Stock…

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    Pat Utomi Hosts UNN Mass Communication Alumni Reunion

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    The founder of the Centre for Values and Leadership (CVL), Prof. Pat Utomi would be hosting the reunion of Alumni of the Department of Mass Communication, University of Nigeria, Nsukka which was aimed at creating cohesion, coordination and contribution to the growth of the department and its products. In a press released signed by the…

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  • FG Pledges Support On Stock Market Rebound

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    Vice president, Professor Yemi Osinbajo has pledged the full support of the federal government towards creating an enabling environment for businesses to thrive, and partnership that will engender the rebound of the Nigerian stock market (NSE). Speaking to capital market correspondents on the floor of the NSE, in Lagos over the weekend, the vice president…

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  • Issues In Strenghthening Entrepreneurship Roadmap For Economic Sustainability

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    In this report, OLUSHOLA BELLO writes on efforts to boost enterpreneurship in Nigeria and other developing economies in Africa. Although difficult due to a lack of resources, there are organizations such as the Tony Elumelu Foundation (TEF) that are dedicated to promote entrepreneurship. Entrepreneurial forces are relatively strong in Africa, especially Nigeria where the lack…

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