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http://ift.tt/eA8V8J By Favour Nnabugwu P lans are in top gear by the Securities and Exchange Commission, SEC, to revoke the registration of 400 capital market professionals  over failure to comply with the commission’s directive on updated information of their companies by July 31, 2017. SEC’s circular to the companies read: “Any firm whose response is not received within this time frame would be considered inactive and the SEC would exercise its power to revoke its registration”. “All concerned Capital Market Experts or Professionals are required to comply with this directive on or before July 31, 2017 as any firm whose response is not received within this time frame would be considered inactive and the SEC would exercise its power to revoke its registration.’’ SEC had in pursuant of the powers conferred on it by the Investments and Securities Act (ISA) 2007, directed all Capital Market Professionals to provide updated information of their companies/firms in December 2016 a...

http://ift.tt/eA8V8J By Michael Eboh The Oil and Gas Free Zones Authority, OGFZA, yesterday, signed an agreement with Oracle for the deployment of Cloud services to power its operations. According to the company, the Oracle Cloud solution is expected to guarantee that OGFZA does not falter in its commitment to new service standards such as the reduction of the turnaround time for a new licence from 28 days to 14 and the cut in the time for licence renewal from 14 days to 48 hours. Speaking during the signing of the Oracle Cloud Services agreement in Abuja, Managing Director of OGFZA, Mr. Okon Umana, said that the deployment would advance its application of the Ease of Doing Business policy and boost foreign direct investment inflow. Umana said the decision to invest in cutting edge technology was a fallout of OGFZA’s roadmap to optimize service delivery and add the most value to clients at every service point. “We agreed to add value, there is no way that can be achieved without ...