The commission requires the sector to either recapitalise or merge to meet the new capital requirement.
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Overall, Nigerian moviegoers spent N434,431,431 at the cinemas in March.
The finance and agriculture ministries last week said they had budgeted 17.5 million US dollars in payments
The Environmental Investigation Agency (EIA), has accused the firm of bribery and breaches of forestry laws
The stock traded 34 percent higher at $19.22 as of 10:43 am local time on Friday, valuing the company at about $1.5 billion.
The violence and destruction of property, which has accompanied recent protests, is a cause for worry.
The agreement between OPEC and Russia on cutting supply to regulate prices could be relaxed in this period.
Cheaper, fairly used cars from Europe and America enjoyed the most patronage posing a major hindrance to new car sales.
with an unemployment rate of 12.70 percent and a 44 percent inflation rate projected to hover between 40 to 55 percent in 2020.
Part of the IHS strategy is to connect towers with fiber networks, and the group is currently running a pilot project in Nigeria.