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The Nigerian Stock Exchange (NSE) says securities lending will witness exponential growth with the elimination of tax on manufactured dividend arising from securities loan transaction by the Finance Act.
Mr Oscar Onyema, NSE’s Chief Executive Officer, made the assertion at a symposium on the Finance Act, organised by the exchange in partnership with KPMG in Lagos.
Onyema said an exponential growth in securities lending activities would further boost market liquidity, given the elimination of tax on manufactured dividend arising from securities loan transaction.
READ ALSO:New VAT rate triggers rise in stock market transaction cos
Securities lending is … >>> Read Full Story
The Edo State Government has submitted a petition to the Inspector-General of Police, and Department of State Services, DSS, for the arrest of Comrade Adams Oshiomhole, the National Chairman of the All Progressives Congress.
The Governor Godwin Obaseki-led government also wants the former Governor prosecuted by the security agencies.
Oshiomhole is accused of constantly disobeying the State government’s orders.
This was disclosed in Abuja on Monday by the Deputy Governor of the state, Phillip Shuaibu.
The Deputy Governor, however, stated that the Edo ex-Governor is still his father, adding that their present differences did not change that fact.
Related Topics:APCapc crisisObasekiOshiomhole
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Jimi Agbaje, the People’s Democratic Party’s 2015 and 2019 gubernatorial election candidate for Lagos state has reacted to the ban of Okada (motorcycles) and Keke napep (tricycles) on highways, bridges, and expressways as directed by Lagos State government.
Agbaje opined that proper planning is needed in Lagos but banning Okada and Keke abruptly has negative effects, especially to the commuters.
He tweeted: “A Lagos City state for the 21st century needs proper planning. The reasons for the ban on commercial motorcycles (Okada) and motor tricycles (Keke Marwa) by the Lagos State Government are noted. But what about the people?
A Lagos City state for the … >>> Read Full Story
Laleye Dipo In Minna
Workers in Niger State are set to begin an indefinite strike following the expiration of a 21-day ultimatum given to the state government to implement the new minimum wage across board.
While the ultimatum was on, the government commenced the payment but only for workers on grade level 1-6 blaming inadequate funds for its action.
Governor Abubakar Sani Bello had also claimed that 80 per cent of the state’s revenue is committed to the payment of salaries and allowances, insisting that if government pays the minimum wage across board “civil servants will smile but other people in the state will be … >>> Read Full Story
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Panasonic said on Monday its operating profit for the April-December period dropped 18 per cent on lower sales in China but it left its full-year forecast intact despite the deadly coronavirus outbreak.
The Japanese consumer electronics giant said its nine-month sales fell 5.4 per cent to 5.76 trillion yen ($53.04 billion) as the weakness of the Chinese market also pressured the performance of the firm’s sales in Japan.
“Domestic sales decreased due mainly to sluggish sales in electromechanical control equipment resulting from the deteriorating market conditions in China,” Panasonic said.
Sluggish sales of televisions and automotive-related products also dented overall sales.… >>> Read Full Story
L-R: Lagos State Deputy Governor, Dr. Obafemi Hamzat; Governor Babajide Sanwo-Olu and Commissioner for Health, Prof. Akin Abayomi during the launch of Incident Command System for the Novel Coronavirus at Lagos House, Alausa, Ikeja, on Monday, February 3, 2020.
As part of efforts to strengthen preparedness and reduce the risk of importation of the deadly Coronavirus into Lagos, the Governor of Lagos State, Babajide Sanwo-Olu on Monday activated an Incident Command Structure to monitor, report and make daily important decisions on the evolving trends of the deadly infectious disease.
Sanwo-Olu, while activating the structure noted that the declaration of the disease as a public health … >>> Read Full Story