• NSE to sanction 14 firms for earnings’ report default

    NSE to sanction 14 firms for earnings’ report default

    The Nigerian Stock Exchange (NSE) will sanction 14 firms for failing to meet July 31 deadline for the submission of their interim financial and operational reports.

    NSE sources said at the weekend that the firms were to submit their first half and second quarters’interim earnings report and accounts by that date.

    NSE’s Post-listing rules require quoted companies to submit their audited earnings’reports, not later than three months after the expiration of the period. The rules also require quoted companies to submit their […]

  • Nigeria to generate over $13bn in savings/earnings from Dangote refinery – FG

    Nigeria to generate over $13bn in savings/earnings from Dangote refinery – FG

    According to reports, the Federal Government, at the weekend, disclosed that on completion, Dangote Refinery, which is estimated to cost $12 billion, would enable Nigeria save over $7.5 billion from foreign exchange (Forex) on import substitution of petroleum products and realise over $5.5 billion on Forex earnings from exports per annum. That is the nation would make yearly gains of over $13 billion.

    Prof. Yemi Osinbajo, the Vice President, disclosed this during his tour of the Dangote Refinery located at the […]