Updates

Nigeria Long-Term Rating Lowered To ”B-” On Weakening External Position

Culled–Proshare March 27, 2020 By S & P Global Ratings   Overview Significantly lower international oil prices following the collapse of the OPEC+ deal on March 6, and lower demand tied to the coronavirus pandemic, have led us to sharply revise down our forecast for oil prices. Lower oil prices […]

SEC Issues Clarification on Prohibition of Gifts at General Meetings

March 27, 2020/SEC Nigeria The Securities and Exchange Commission wishes to clarify the application of Rule 602 (4) of its Rules and Regulations. Rule 602(4) states that “public companies shall not distribute gifts to shareholders, observers and any other person at Annual General Meetings/Extra-Ordinary General Meetings” The Commission considers it […]

CBN Releases Approved Service Charter

March 26, 2020/CBN SERVICOM is an acronym for ‘Service Compact with all Nigerians’. It is a pledge by all Government Institutions to deliver service to the public in a timely, fair, honest, effective and transparent manner. SERVICOM expresses the Federal Government’s commitment to provide more responsive and citizen-friendly governance through […]