Bitcoin has reached a new all-time high, continuing a rally that has seen its price climb over 50% since Donald Trump’s victory in the 5 November election. The world’s leading cryptocurrency briefly surpassed $106,000 (£83,890) before settling around $104,500 during Monday morning trading in Asia. Analysts attribute the surge to optimism over the incoming Trump … Read more
Bitcoin, the world’s largest cryptocurrency, has reached a monumental milestone, surpassing $100,000 for the first time and setting a new all-time high. EKO HOT BLOG reports that the rally comes on the back of optimism that U.S. President-elect Donald Trump will usher in policies favouring the cryptocurrency sector. EDITOR’S PICKS Electricity Meter Costs Rise Again As … Read more
Nigeria’s Securities and Exchange Commission (SEC) has granted approval in principle to two cryptocurrency exchanges, Quidax and Busha, officially recognizing them as legal crypto trading platforms in the country. EKO HOT BLOG reports that these approvals were issued under the Commission’s Accelerated Regulatory Incubation Program (ARIP). Additionally, the SEC has admitted four other companies—Trovotech Ltd, … Read more
The Senate confirmed Emomotimi Agama as the Director-General of the Securities and Exchange Commission (SEC). The Senate Committee on Capital Markets also approved Frana Chukwuogor, Bola Ajomale, and Samiya Usman as Executive Commissioners. Tinubu had appointed seven SEC members on April 19. the Senate has confirmed Emomotimi Agama as the Director-General of the Securities and … Read more
EKO HOT BLOG reports that the crisis within the Benue State chapter of the All Progress Congress (APC) took a concerning turn on Friday when anti-riot police officers assumed control of the party’s secretariat. This online media platform learnt that from as early as 7 am, a group of mobile and regular police officers, along with … Read more
The Nigerian government has been unfriendly towards cryptocurrency trading in the past. It had always warned that crypto assets are risky investments. The government took its most significant step against crypto trading today by banning the largest exchange in the world from operating in Nigeria. Eko Hot Blog reports that Nigeria’s Securities and Exchange Commission … Read more
The control and oversight of the Kwara Hotels should return to the Ministry of Business, Innovation and Technology (BIT), as it did before it was placed under Harmony Holdings Ltd., according to a decision made by the Kwara State Executive Council. Eko Hot Blog reports that the interventionist choice is a move to salvage the … Read more
Seven new advisers have been sworn in by the Lagos state governor EKO HOT BLOG reports that the Lagos Governor Babajide Sanwo-Olu has sworn in seven Special Advisers as members of the State Executive Council (SEC). They are Princess Aderemi Adebowale (Civic Engagement); Olajide Babatunde ( E-GIS and Planning Matters); Mrs Toke … Read more
MTN Nigeria shares to commence soon, MTN Nigeria will commence crediting Shares Subscribers CSCS Account on February 18th 2022. EKO HOT BLOG reports that MTN Nigeria Shares Subscribers CSCS Account will be credited February 18th 2022. This is according to a statement released by Primaryoffer recently via email to applicants who earlier subscribed for the … Read more
This follows last week’s declaration by the SEC that fintechs allowing Nigerians access to foreign securities were operating illegally. Nigeria’s Securities and Exchange Commission (SEC) says it is working with the Central Bank of Nigeria (CBN) for better understanding and regulation of cryptocurrencies in the country. SEC Director-General, Lamido Yuguda, said this at the 2021 … Read more
The SEC’s move, if seen through, will mostly affect young Nigerians who have been drawn by tech to invest in foreign securities The move follows a ban imposed by the Central Bank of Nigeria, barring banks from allowing cryptocurrency-related transactions in the country Nigeria’s Securities and Exchange Commission (SEC) has warned capital market operators to … Read more
The proposed sale of 539,003,333 ordinary shares of 50 kobo each of C&I Leasing Plc through rights issue has received the approval of the Securities and Exchange Commission (SEC). The company has been given the go-ahead to conduct the rights issue by opening subscription from Monday, November 18, 2019 and close the exercise by Friday, … Read more
The Securities and Exchange Commission (SEC) has cut down the time, processes and costs of the transmission of shares from a deceased investor to their beneficiaries. The capital market regulator said in a statement on Thursday that the decision is to reduce the quantum of unclaimed dividends in the Nigerian capital market. The decision will … Read more
Following the ex-parte order of the Federal High Court, Ikoyi Lagos in suit no: FHC/L/CS/910/19, in Mr. Jubril Adewale Tinubu and Anor V Securities and Exchange Commission (SEC) and Anor, the commission has announced the suspension of Oando Plc’s Annual General Meeting (AGM) slated for Tuesday June 11, 2019 till further notice. According to SEC, … Read more
Mr. Mutiu Olaniyi Adio Sunmonu, ex-CEO of Shell Petroleum Development Company of Nigeria, has been appointed by the Securities and Exchange Commission to take over Oando. Sunmonu will lead an interim management of Oando Plc, pending the constitution of a substantive management for the indigenous oil company. Sunmonu was a former managing director of Shell … Read more
The staff of the Securities and Exchange Commission (SEC) have locked up the commission’s building on Monday morning over a court order to reinstate Mounir Gwarzo as the Director General of the commission. Gwarzo had been suspended by Kemi Adeosun, former minister of finance, over allegations of corruption and abuse of office. He was accused … Read more