Recent controversies trailing the Nigerian capital market have forced many to query the safety of investments in the sector. They have also called to question the role of some regulators in ensuring investor confidence in the market. According to market stakeholders, these issues should be tackled thoroughly to restore confidence and ensure transparency in the […]
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The Securities and Exchange Commission (SEC) on Wednesday, confirmed that MTN Group had finally commenced discussions with it on the proposed $500 million dollars Initial Public Offering (IPO) ahead of its listing on the Nigerian Stock Exchange (NSE). This is coming a week after the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. […]
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The new Acting Director General of the Securities and Exchange Commission (SEC) Ms Mary Uduk has said that the listing committee constituted by the commission has the main objective to attract new listed firms to the stock market. She disclosed this to journalists during the post Capital Market Committee (CMC) briefing in Lagos. She explained […]
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The House of Representatives has endorsed the suspension of the Director-General of the Securities and Exchange Commission, Mr. Mounir Gwarzo, by the Minister of Finance, Mrs. Kemi Adeosun. The House okayed the suspension after lawmakers on Wednesday considered and approved the recommendations of its Committee on Capital Market and Institutions. The committee, which is chaired […]
Read More Organised Labour yesterday raised the alarm over plans by the Federal Government to reinstate the Director General, Security and Exchange Commission (SEC), Mr. Mounir Gwarzo, currently on suspension for corruption charges. The Association of Senior Civil Servants of Nigeria (ASCSN), in a statement on Tuesday, warned that reinstating the suspected Director General will further dent […]
Read More The Administrative Panel of Inquiry set up in November 2017 by the Federal Government to look into allegations of gross financial impropriety leveled against the suspended Director General of the Securities and Exchange Commission (SEC), Mounir Gwarzo, has recommended his final dismissal from public service. Gwarzo and two other SEC staff, Naif Abdussalam, the Head […]
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The Oando Shareholders Solidarity Group (OSSG) has said that the intervention of the Emir of Kano, Muhammadu Sanusi, in the face-off between the company and one of its aggrieved shareholders, cannot stop a forensic audit planned by the Securities and Exchange Commission (SEC). The Co-ordinator of OSSG, Clement Ebitimi, said that while his group is […]
Read More The Securities and Exchange Commission (SEC) recently announced that the e-dividend registration would continue seamlessly in spite of the expiration of free registration deadline. The Commission also enjoined investors yet to enroll, as the free registration ended last month, to continue with the registration at a cost of ₦150 only. Acting Director General of SEC, […]
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Flour Mills of Nigeria Plc has rounded off pre-offer processes and signed off documentation for its ₦39.9 billion rights issue, setting the stage for the opening of the application list for the new capital raising. At the signing ceremony, which rounded off the pre-offer processes and documentations at the weekend, Flour Mills of Nigeria Plc […]
Read More The Securities and Exchange Commission (SEC) yesterday disclosed that it has spent ₦315 million for free e-dividend registration for shareholders across the country. According to the Commission, the figure arose from bearing the cost of registering 2.1 million shareholders on the e-dividend platform at ₦150 per mandate. The apex capital market regulator also disclosed that […]
Read More Securities and Exchange Commission (SEC) has pledged to work with Finance Correspondents to ensure proper reporting of the capital market in order to enlighten and educate the investing public. Dr. Abdul Zubair stated this when Executive of Finance Correspondents Association of Nigeria (FICAN) Abuja Chapter visited him recently. Zubair commended the journalists for their assistance […]
Read More Following series of unwholesome practices recently noticed within the capital market, the Securities and Exchange Commission (SEC) is closing ranks with relevant bodies, especially the Investments and Securities Tribunal (IST), to institutionalise international best practices in the system by ensuring all fraudulent acts do not go unpunished. The Acting Director General of SEC, Dr. Abdul […]
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