Introduction The Nigerian military has long had a reputation as an effective and professional military force.
She disclosed this at the fourth quarter meeting of the Capital Market Committee CMC in Lagos, that with the clean up in the sector, the companies stocks will start doing well. The sector recorded worst performance when compared with others in the last nine months, as it lost However, she applauded the effort of National Insurance Commission in ensuring that the business of insurance thrive, adding that the insurance companies stocks will start to do well, as the has embarked on various reforms in the sector.
She explained that a lot of corporate governance issue has been tackled and the commission is hoping that things will improve in that sector. On the privatisation of power sector, she reiterated that the commission is working with the Bureau of Public Enterprises to ensure that the companies come to list on the Exchange.
She added that the BPE has agreed in that the companies will be listed on the Exchange to ensure that the public benefits from its operations. Oscar Onyema, has urged agro-allied companies to take the advantages abound in capital market and list their companies.
Onyema, who made this call last week, said that agriculture in Nigeria accounted for per cent of total exports in the s; it fell to about 40 per iheduru and organized business plan in the s, and crashed to less than 2 per cent in the late s.
Kofi Annan, showed that agriculture accounts for roughly 41 per cent of Gross Domestic Product GDP in Nigeria and 50 per cent of the economically active population in the country. According to the NSE boss, one of the reasons iheduru and organized business plan sector has remained subsistent is because the financing needs for agriculture is quite substantial and it cannot be met through the money market.
He noted that taking into consideration the long-term nature of the sector as well as capital intensive disposition of the industry, the agriculture sector cannot rely predominantly on short-term borrowing.
Currently, there are five companies listed in the Agriculture Sector of the Exchange and this sector accounts for N We believe this situation can be better. Onyema added that for the Agric Sector to take its prime place in the Nigerian economy, the capital market clearly holds the ace.
NSE groans under N2. But in order to cushion the likelihood of a rude shock, authorities of the Exchange have made provision for uncertainties covering about 10 percent of the litigation liabilities. Some of the series of litigations, which NSE said had arisen in the normal course of business, are being contested by the Exchange, while efforts are in top gear to resolve others out of courts.
The flurry of legal actions against the Exchange increased significantly in when protracted leadership crises engulfed the bourse with the result that as at December 31,estimated contingent liabilities jumped to N2.
The Exchange said there are inherent uncertainties in assessing outcome of the cases due to factors such as, the stage of the legal proceedings; uncertainties in timing of litigation; and the entitlement of the parties to an action to appeal a decision, amongst others.
Oscar Onyema, said that there are certain kinds of litigations between two parties that the Exchange got joined in because the transaction happened at the Exchange platform. When they were evaluated carefully, our lawyers have estimated about 10 per cent as the risk involved.
It is not something that we should lose sleep over. The Exchange has been struggling to weather through hard times occasioned by a combination of sharp decline in revenue due to market meltdown and sundry debts, some of which have already been penciled down as bad and SEC charts roadmap for sustaining market recovery in T o sustain stock market recovery, the Securities and Exchange Commission SEC has drawn up long lists of initiatives that would constitute its strategic thrust and focus for next year, At the end of the 4th quarter Capital Market Committee CMC meeting in Lagos, last week, the commission unveiled several action plans drawn up by the 7 sub-committees, with each of the committees spelling out specific initiatives intended to strengthen stock market recovery and, at the same time, deepen the market.
She added that beginning from the first quarter through to the last quarter of efforts will be geared towards attracting public interest corporations to also list on the exchange stressing that fresh listings on the exchange will soon begin to unfold.
For effective operation of recently introduced securities lending initiative, SEC plans to set up a robust and efficient operating framework for securities lending, an action plan that will see collaborations between the National Pension Commission PENCOM and relevant trading exchanges.
For this reason, Oteh said, the NSE and the National Association of Securities Dealers NASD will actively participate in licensing of market makers and commencement of market making in fixed income securities, especially illiquid corporate and subnational bonds.
She stated that review of NSE listing guidelines was on-going to fast track development of the Mortgage Backed Securities and Asset Backed Securities markets, by removing the requirement for SEC notification of approval of the Basis of Allotment on public offers which are either sold by book building or firmly underwritten.
As at December 31, the Exchange was owed a total of N1. Outstanding among these sundry debts are those arising from deferred recovery of bonuses distributed to certain council members as share of surplus between and NSE annual report and accounts for showed that in the period under reference, a total sum of N2.
In its audited account, the Group including subsidiaries of the Exchange recorded NAlthough the role of organized business in regional economic integration is well documented, extant scholarship portrays them as mere legitimizers and partners of regional policy.
This neat categorization fails to capture the complicated, ‘multiscalarity’ of business and overall civil society's. It is called a yearly capital budget and a capital improvement plan which is an annually updated Multi-year strategic plan that, using demographic and revenue projections anticipates an institution’s capital needs.
Typically, issuers publish a “white paper” describing their business plan and the news of new coin sales spread via online forums and websites tracking new offers. Investors pay for them with bitcoins or ether – two most widely accepted crypto-currencies – via a company’s website.
April 28, Invited Lecturer on "Areas of Possible Business Investments in the Economic Community of West African States" at the African group of the San Francisco World Affairs Council of Northern California, San Francisco.
Abstract. Business in the urban informal economy can be seen as a challenging terrain with enormous hurdles for women entrepreneurs. This paper explores major barriers that obstruct smooth development of women entrepreneurship in Uganda’s urban informal economy.
This has enabled the growth of black middle classes (including public sector white-collar workers and wealthy business owners), which are seen strategically as the vanguard for the integration of black people into mainstream economy and for fighting poverty (Iheduru, , McEwan and Bek, ).