Contextualising the ramadan feeding programme of pious muslim women
By
Fri Apr 23 2021
Pious Muslim Women International Organisation, a faith-based non-governmental organisation registered with the Corporate Affairs Commission in Nigeria has since inception striven to add value to the Nigerian society.
The organisation has core mandates of Da’wah, widow empowerment and orphan care through the sponsorship of the education of orphans and an orphanage for children with no family to care for them. Also, during the holy month of Ramadan, Pious Muslim Women International Organisation focuses on extending assistance to the less privileged through the distribution of food items and cash.
Contextualising Ramadan Feeding Programme of Pious Muslim women
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Heavy sell-off in Guinness shares leads to N6 9 billion market value loss in a single day
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Goddy Egene
NASD Plc, platform providing over-the-counter (OTC) market for public unlisted securities has admitted the shares of the demutualised Nigerian Stock Exchange holding company, called Nigerian Exchange Plc (NGX) to the OTC market.
Following the demutualisation, NGX recently distributed 1,964,115,918 ordinary shares of 50 kobo each to over 200 dealing members and additional ordinary members, who have now become shareholders.
And the Nigeria’s capital market rules require all public securities to be registered with the Securities and Exchange Commission (SEC) and could be traded only on platforms registered by the commission.
According to the Managing Director of NASD Plc, Mr. Bola Ajomale, in line with regulatory rules and in support of enabling liquidity in the market, NASD OTC provides the perfect landing platform for the 60-year-old company that has spent approximately 10 years in its demutualisation exercise.
BY Chris Paul
On the cusp of its 60years anniversary of incorporation and trading, The Nigerian Stock Exchange is now restructured via the process of demutualisation, into the Nigerian Exchange Group Plc (NGXGRP). The Group will have three operating subsidiaries, namely: Nigerian Exchange Limited (NGX), the operating exchange; NGX Regulation Limited (NGX REGCO), the independent securities regulator for NGX; and NGX Real Estate Limited (NGX RELCO), the real estate company. The structure has been approved by the Securities and Exchange Commission of Nigeria (SEC) and the entities duly registered at the Corporate Affairs Commission (CAC).
Subsequent to this approval, the Group Chairman of NGXGRP, Otunba Abimbola Ogunbanjo, had said: “Successful demutualisation was one of my fundamental objectives when I assumed the Presidency of The Exchange. The SEC’s decision today to approve the NSE’s demutualisation plans brings this aspiration to a successful conclusion in a process that ha