The Federal High Court in Lagos, on Monday, fixed October 7 for hearing in the forfeiture proceedings concerning $5.78million and N2.4billion seized from some firms linked to a former First Lady, Patience Jonathan . The judge, T. G Ringim, adjourned the case to hear an application filed by the Economic and Financial Crimes Commission (EFCC) […]
By Robert Egbe A Federal High Court in Lagos has fixed April 13 to hear an application seeking forfeiture of the $5,781,173.55 and the N2.4billion said to have been illegally acquired by former First Lady, Dame Patience Jonathan. Justice Chuka Obiozor fixed the date after hearing counsel to the parties in the suit. The application […]
Justice Chuka Obiozor of the Federal High Court in Lagos yesterday fixed April 13, for the hearing of final forfeiture of the sum of $5,781,173.55 and the N2.4 billion, said to have been illegally acquired by the former First Lady, Mrs. Patience Jonathan. Justice Obiozor fixed the date, after counsel to the parties appeared before […]
Abiru and Pearse The candidate of All Progressives Congress (APC) for senatorial by-election in Lagos East, Mr. Tokunbo Abiru has disclosed his plan to file N1 billion suit against the Media Director of the People Democratic Party (PDP) Senatorial Campaign Council, Dr. Adetokunbo Pearse for alleged character defamation. Abiru, who is the immediate past Group […]
No fewer than 38 firms will pay a fine totalling N429.5 million. The fine was imposed by the Nigerian Stock Exchange (NSE) over the firms’ failure to file their financial statements as of when due last year. According to a recent report from the bourse, the fine was slammed on the firms for 52 offences […]
NSE Daily Market Summary Losses on the Nigerian Stock Exchange slowed in today’s trading after yesterday’s plunge . TheAll-Sharee Index closed at 32,022.23 basis points, down 0.84%. Year to date, the exchange is down 16.27% and is the worst performing in Africa. Top Gainers and Losers Skye Bank was the best performing stock in today’s […]
NSE Daily Market Summary The Nigerian Stock Exchange fell to its worst performance year to date as the All Share Index closed at 32,292.79 basis points, down 3.46% and below the 33,000 mark. Today’s close was the highest daily loss in the last two years. Year to date, the index is down 15.56%. The drop […]
Feyisayo Popoola The nation’s equities market recorded its highest daily loss in eight months at the close of trading on the floor of the Nigerian Stock Exchange on Wednesday. Sell-offs drove the NSE All Share Index lower by a record 3.5 per cent to close at 32,292.79 basis points. The market capitalisation of listed equities […]
The stock market fell further yesterday following losses by bellwether counters. Consequently, the Nigerian Stock Exchange All-Share Index (NSE ASI) that hit a-15 month low on Monday, went down further by another 0.48 per cent to close lower at 33,449.17, while market capitalisation shed N59.3 billion to close at N12.2 trillion. However, the decline in […]
The Nigerian Stock Exchange (NSE) will sanction 28 companies for failing to meet post-listing requirements including timely release of operational reports and financial statements. The list of offenders released by the exchange includes three commercial banks, one microfinance bank, three mortgage banks, five insurance companies, one investment management firm and 15 other firms in various […]
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