The acting Director General, Securities and Exchange Commission, Ms Mary Uduk, in this interview with IFEANYI ONUBA speaks on moves to reposition the capital market for improved efficiency Last month, the Capital Market Committee held a meeting to review activities of the capital market. What were the major issues discussed during the meeting? The essence […]
Read More The Acting Director-General, Securities and Exchange Commission, Ms Mary Uduk, has said the Capital Market Committee, in a bid to encourage many investors to consolidate their multiple subscriptions into one account, has extended the forbearance for multiple accounts to December 31. In a statement issued on Sunday by the commission, Uduk also enjoined investors in […]
Read More The Acting Director-General of the Securities and Exchange Commission (SEC), Ms Mary Uduk, has applauded the Nigerian Stock Exchange (NSE) on the formal launch of Association of Securities Exchanges of Nigeria (ASEN), stressing that it will deepen capital market activities. Speaking at the launch of ASEN in Lagos, Uduk said that it would improve efficiency, […]
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The Securities and Exchange Commission has announced that the second Capital Market Committee meeting of the year will hold this week. SEC, in a statement on Sunday, said issues bordering on the implementation of the 10-year Capital Market Master Plan as well as others relating to the capital market and the economy would be discussed […]
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The National Industrial Court, Abuja, on Thursday adjourned until Oct. 24 hearing of the preliminary objection filed by Securities and Exchange Commission (SEC), in the suit instituted against it by its suspended Director-General, Mounir Gwarzo. Justice Sanusi Kado, adjourned the suit after listening to submissions of counsel and ordered that hearing notice be served on […]
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The Securities and Exchange Commission, SEC has approved the Nigerian Stock Exchange, NSE amended rule 15.34 which relates to Nominal Transfer of shares of listed companies in the capital market. The NSE, in a circular disclosed that the approved rule becomes effective on 11th August 2019. According to the rule, “No security listed on the […]
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Shareholders under the aegis of Proactive Shareholders Association of Nigeria have called for the release of the forensic audit report on Oando Plc. The National Coordinator of PROSAN, Mr. Taiwo Oderinde, in a statement on Sunday, accused the Minister of Finance, Kemi Adeosun, and the Acting Director-General, Securities and Exchange Commission, Mary Uduk, of sitting […]
Read More Securities and Exchange Commission (SEC) has expressed its readiness to collaborate with various grassroots groups in its financial literacy campaign in a bid to ensure that Nigerians in the rural areas are effectively sensitised on the benefits of investing in the capital market. Acting Director General, Securities and Exchange Commission (SEC), Ms Mary Uduk, stated […]
Read More The body of Lawyers, the Nigeria Bar Association (NBA) is partnering with the Securities and Exchange Commission (SEC) in the Commission’s efforts to further deepen and strenghten the capital market. Chairman NBA Section on Business Law (SBL) Mr. Olumide Akpata, made the call when members of the NBA-SBL visited the SEC office in Abuja. Assuring […]
Read More In its quest to grow investors’ confidence, the Securities and Exchange Commission (SEC) on Wednesday, reiterated its determination to implement the 10-year capital market master plan meant to unlock various developmental initiatives to boost the economy. The Acting Director General of SEC, Mary Uduk, stated this in Abuja when she was honoured by the West […]
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The Securities Exchange Commission (SEC) has expressed optimism that Nigerian corporates may raise as much as ₦200 billion from the sale of debt instruments in 2018. This it noted would be the highest ever in the country’s history if the expecteations are net According to SEC, five companies have already submitted proposals for debt sales […]
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The House of Representatives sub-committee on Capital Market, Regulation and Compliance has started a probe in the capital market operations. Over 100 public liability companies have been invited by the committee to defend their operations on several petitions received by the committee from several stakeholders across the country. It was revealed that in the last […]
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