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Afrinvest was founded in 1995 by Godwin Obaseki as Securities Transactions & Trust Company (Nigeria) Limited (“SecTrust”). [3] Over the years, SecTrust established a close relationship with its London-based partners (“Afrinvest Limited”), an investment banking firm regulated by the United Kingdom Financial Services Authority (“FSA”).
The Securities and Exchange Commission (SEC) is the main regulatory institution of the Nigerian capital market. It is supervised by the Federal Ministry of Finance. [1] The Nigerian Stock Exchange (NSE) is privately owned and self-regulating, but the SEC maintains surveillance over it with the mandate of ensuring orderly and equitable dealings in securities, and protecting the market against ...
Companies in two UK groups, with overseas subsidiaries, claimed restitution of advance corporation tax that was in place from 1973 to 1999, now in section 18 of the Income and Corporation Taxes Act 1988. It treated dividends received by UK resident companies from non-resident subsidiaries differently to dividends paid and received within wholly ...
Market cap (US$ millions) 1 Dangote Cement: Cement 11,203 2 MTN Nigeria: Telecommunications 10,471 3 Airtel Nigeria: Telecommunications 6,903 4 BUA Cement: Cement 5,759 5 Nestle Nigeria: Agroindustry 2,658 6 BUA Foods: Agroindustry 2,575 7 Zenith Bank: Banking 1,691 8 Guaranty Trust Holding Company PLC: Finance 1,585 9 First Bank of Nigeria ...
The company has a good year, and the stock price rises to $30, meaning the investor now has an investment with a $300 market value. In this example, the capital gain is $50.
The Nigerian Stock Exchange (NSE), now Nigerian Exchange Group, is an integrated stock exchange group in Africa founded in 1961 in Lagos.Following the demutualization of the NSE in 2021, NGX Group now has 3 subsidiaries - Nigerian Exchange Limited (NGX), the operating exchange; NGX Regulation (NGX RegCo, the independent regulation company; and NGX Real Estate (NGX RelCo).
Examples of investment income. Investment income is commonly found in brokerage accounts and interest-earning savings accounts. While retirement accounts such as IRAs and 401(k)s may earn ...
Nigeria is a federal republic in West Africa, bordering Benin in the west, Chad and Cameroon in the east, and Niger in the north. As of 2015 Nigeria has the world's 20th largest economy, worth more than $500 billion and $1 trillion in terms of nominal GDP and purchasing power parity respectively.