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The Securities and Exchange Commission (SEC) is the main regulatory institution of the Nigerian capital market. It is supervised by the Federal Ministry of Finance. [1] The Nigerian Stock Exchange (NSE) is privately owned and self-regulating, but the SEC maintains surveillance over it with the mandate of ensuring orderly and equitable dealings in securities, and protecting the market against ...
The Nigeria Union of Journalists (NUJ) urged Tinubu to address the dispute with the ASUU. [21] On 25 June 2024, 1,800 petrol stations were shut down in northeastern Nigeria, after the Independent Petroleum Marketers Association of Nigeria (IPMAN) began a strike in protest against an anti-smuggling operation by the Nigeria Customs Service (NCS).
According to a recent (June 2024) report by Naija News, the parallel market exchange rate of the naira to the U.S. dollar is around ₦1483 per 1 USD, significantly higher than the official Central Bank of Nigeria rate. This disparity highlights underlying economic challenges and market pressures. [69] Rate of the Nigerian naira for US$1 (1994 ...
Bangladesh and Nigeria have expressed mutual interest to expand bilateral trade and investment. [3] Bangladeshi pharmaceuticals, knitwear, cement, jute and jute goods, ceramics, ocean-going vessels, light engineering, leather and plastic goods have been identified as products with huge potential in the Nigerian market. [4]
Nigeria announced the closure of the remaining two international airports, Abuja and Lagos, from 23 March. [38] Osun State reviewed their previous ban on public gatherings of more than 50 persons and changed it to a complete ban, enforcing it on all public gatherings in the state under any banner or organisation. [ 39 ]
The stores initially provided access to consumer goods found in departmental stores of foreign countries, but over time, majority of its SKUs were procured in Nigeria. [3] Towards the end of the 1980s, price and currency regulations and a downturn in the economy forced the closure of many stores and eventually the closure of Kingsway Stores. [4]
The two companies both shared store closure announcements this week, with JCPenney expected to close a "handful" by mid-2025 and Joann to shutter roughly 500 locations. The retailers join other ...
The Nigerian Stock Exchange (NSE), now Nigerian Exchange Group, is an integrated stock exchange group in Africa founded in 1961 in Lagos.Following the demutualization of the NSE in 2021, NGX Group now has 3 subsidiaries - Nigerian Exchange Limited (NGX), the operating exchange; NGX Regulation (NGX RegCo, the independent regulation company; and NGX Real Estate (NGX RelCo).