In line with the mandate given to it by the National Assembly to investigate shareholders’ allegations against Oando Plc, the Securities and Exchange Commission (SEC), yesterday wrote its management, revealing gross insider dealings and other alleged unwholesome practices that forced it to wield the big stick. The letter came as anxious stakeholders await the outcome […]
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Shareholders of petroleum marketing company, Oando Plc have commended the apex regulator of the capital market, the Securities and Exchange Commission (SEC) resolve to investigate allegation leveled against the management of the company. Recall that SEC on Wednesday, slammed Oando Plc with suspension, directing the Nigerian Stock Exchange (NSE) to suspend trading of the shares […]
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Nigeria’s capital market apex regulator, Securities and Exchange Commission (SEC) has slammed major petroleum marketing company, Oando Plc with suspension, directing the Nigerian Stock Exchange (NSE) to suspend trading of the shares of the company effective forty eight hours from today October 18 to 20, 2017. According to a statement from the NSE, which was […]
Read More The Securities and Exchange Commission has announced plans to join the International Organisation of Securities Commissions (IOSCO) and other capital market regulators across the globe to celebrate the 2017 edition of the IOSCO World Investor Week, which is a first of its kind from 2nd through 8th October 2017. The Investor Week (WIW) is a […]
Read More Nigeria police unit of the Securities and Exchange Commission has arraigned the BGL Group and its officials at the Chief Magistrate Court Zone 6, Abuja on charges of criminal conspiracy, breach of trust and cheating. According to Punchng, the offences are contrary to Sections 96, 312, 322 and 323 of the Penal Code Law, Chapter […]
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The United State’s Wall Street top regulator faced questions today, Thursday about its defenses against cyber criminals after admitting hackers breached its electronic database of corporate announcements and may have used it for insider trading. The incursion at the Securities and Exchange Commission struck at the heart of the U.S. financial system. The SEC’s EDGAR […]
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The Nigerian Stock Exchange (NSE) has underscored the importance of registration for the electronic dividend payment (e-dividend) system as a key measure to address the recurring issue of unclaimed dividend. The NSE recently organised an investor clinic to educate capital market stakeholders on the role of dematerialisation, direct cash settlement and e-dividend in the development […]
Read More Nigeria’s apex market regulator, the Securities and Exchange Commission, has barred the Managing Director of Partnership Investment Company Plc and Partnership Securities Limited, Mr. Victor Ogiemwonyi, for life from holding directorship positions in any public company in the country following his alleged unprofessional conduct in the capital market. According to correspondent, SEC has also withdrawn […]
Read More The Securities and Exchange Commission has given approval to Oando Plc to conduct its Annual General Meeting hitherto slated for September 11, 2017. This came after the Special Task Team constituted by SEC to review petitions filed by Alhaji Dahiru Bara’u Mangal and Ansbury Inc against Oando, submitted an interim report, which cleared the oil […]
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Both the Securities and Exchange Commission and the Nigerian Stock Exchange have said legal firms should consider listing their shares on the Nigerian Stock Exchange. The Director-General, SEC, Mr. Mounir Gwarzo, and the NSE’s Chief Executive Officer, Mr. Oscar Onyema, said this while discussing ‘Creating secondary market for investors’ at a break out session of […]
Read More As part of its efforts to attract Nigerians, especially youths, to invest in the Nigerian capital market, the Securities and Exchange Commission (SEC) is partnering the Nigerian Educational Research and Development Council (NERDC) to develop a curriculum on capital market studies to be taught in primary and secondary schools. Speaking to the press during the […]
Read More The apex regulatory body of the capital market, the Securities and Exchange Commission (SEC) will hold its quarterly Capital Market Committee (CMC) meeting in Lagos next week in Lagos. The meeting is the second in 2017, where key stakeholders in the capital market meet to discuss issues and developments and proffer solutions to various salient […]
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