Updates

SEC Adopts Amendments to Reduce Unnecessary Burdens on Smaller Issuers by More Appropriately Tailoring the Accelerated and Large Accelerated Filer Definitions

March 12, 2020/US SEC The Securities and Exchange Commission today adopted amendments to the accelerated filer and large accelerated filer definitions. The amendments will more appropriately tailor the types of issuers that are included in the definitions, thereby reducing unnecessary burdens and compliance costs for certain smaller issuers while maintaining […]

FAAC Disbursed N2.93 Trillion to the Federal Government in 2019-NBS

March 12, 2020/NBS The Federation Account Allocation Committee (FAAC) disbursed the sum of N2.93trn to the Federal Government of Nigeria in 2019. The highest Net Allocation were disbursed in the months of July and September with 275.03bn and 266.49bn respectively while the least amount disbursed to the Federal Government of […]

Real Estate: Still Not Out of the woods

Culled—Proshare March 11, 2020 CSL Research The latest Gross Domestic Product (GDP) report for 2019 revealed that the real estate sector posted a negative growth of 2.36% albeit lower than the negative 4.74% reported in 2018. We highlight that the real estate sector was one of the hard hit sectors […]