Category: Business News

SEC Commends DMO, CBN and PENCOM on Sukuk

The Securities and Exchange Commission (SEC) has commended the Debt Management Office (DMO) onarrangements to issue the maiden N100.0 Billion Sukuk in the Nigerian Capital Market. In a statement by the SEC “This is a major milestone for Nigeria as it will catalyze the development of non-interest capital market products.  The issuance of this Sukukfollows diligent advocacy efforts from the Securities…

WE WILL OPPOSE ANY MOVE THAT LURES AMCON TO ACQUIRE NEW DEBTS FROM BANKS – HOUSE OF REPS.

  The Chairman of House of Representatives Committee on Banking and Currency, Hon. Sir Jones Chukwudi Onyereri has said the House of Representatives of the Federal Republic of Nigeria will not be lured into supporting the deceptive plot orchestrated by some people to lure Asset Management Corporation of Nigeria (AMCON) to purchase new debts from…

Etisalat’s license not transferable without approval – NCC

The Nigerian Communications Commission (NCC) has made it clear that Etisalat’s operating licence cannot be transferred without its approval. On Tuesday, Etisalat transferred control of the telecommunications company, to a consortium of banks after failed debt repayment talks. The banks, which include Access Bank, Zenith Bank Plc, Guaranty Trust Bank Plc, FirstBank Limited, Fidelity Bank…