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SPECIAL DESK

SEC provides platform to track unlisted stocks

Ms. Aruma ottehThe Securities and Exchange Commission (SEC), has said it has commenced the tracking of activities of unquoted securities in the stock market, in a move that would enable investors be abreast of information on such stocks, as well as further enhance confidence in the market.

Abuja Commodities Exchange to divest 70% ownership

The Abuja Securities and Commodities Exhange (ASCE), is set to divest up to 70 per cent of its ownership of the of the entity, as it has already set up a committee to ensure a smooth privatization exercise  from  government ownership to institutional investors.

DMO floats N100b sinking fund for redemption of bonds investment

The Debt Management Office (DMO), said it is floating N100 billion sinking funds to guarantee the redemption of its bonds issues as well as other bonds issuance in the securities market, even as it said that a total of $1billion Eurobond bond issuance is expected to hit the financial market in the second quarter in addition to the Diaspora Bond being expected before the end 2013.

NEXIM Bank earmarks N96b for regional Sealink project

The Nigerian Export-Import (NEXIM) Bank has said that it would execute a N96 billion ($60m)  Regional Sealink Project for West and Central Africa.

Coca-Cola partners Agric Ministry on harnessing cassava potential

The Ministry of Agriculture and Rural Development and the Coca-Cola Group have initiated  collaborations  on a partnership to harness some cassava potential.