The Nigerian Stock Exchange (NSE)

NSE suspends shares of 17 companies

The Nigerian Stock Exchange, NSE, has placed the shares of 17 companies on suspension for failing to file their various financial statements as at when due. Most of the companies are in the insurance sector, and are also penny stocks. The companies include African Alliance Plc, Equity Assurance Plc, Guinea Insurance Plc, Sovereign Trust Insurance, […]

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Securities and Exchange Commission (SEC)

SEC moves to ease process of issuing new shares

In a bid to eliminate some bottlenecks in the nation’s capital market, the Securities and Exchange Commission, SEC, has commenced moves to ensure that the process of issuing new shares is completed within three to four weeks and at less cost to the issuers. The Director General of SEC, Mr. Mounir Gwarzo, revealed this to […]

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