SEC

SEC Approves 120 Merger Related Transactions In Three Years

The Securities & Exchange Commission (SEC) approved about 120 merger related transactions in the last three years, its acting Director General, Mary Uduk, said. Ms Uduk disclosed this at the first Annual Seminar of the Committee on Mergers, Acquisitions and Reorganisations of the Nigerian Bar Association (NBA) section on Business Law in Lagos on Thursday. […]

UPROAR AT FCMB AGM

FCMB’s Shareholders Disagreement Over Audit Committee Election, Gift Items Distraught AGM

…As Shareholders Approves 10 kobo Dividend …Improves 2018 First Quarter Earnings  Controversies on Friday trails the 5th Annual General Meeting of First City Monument Bank Plc as Shareholders sharp disagreement which lasted for 45 minutes over election into the Audit Committee of the bank and non-receipt of gift items brought the meeting to a halt. […]

SEC

We Are Committed To Protecting Investors – SEC

The Securities and Exchange Commission (SEC) recently hosted the first Capital Market Committee (CMC) Meeting in Lagos, where how to deepen the equities market, regulate it as well as protect investors where discussed, FRIDAY EKEOBA who was there brings some of the high points of the meeting; Excerpt. The CMC over the past 18 years has proven to […]

SEC

SEC To Sustain Investors’ Confidence Amidst Economic Challenges

…Inaugurates Committee To Attracts More Listing … Extends Forbearance For Multiple Subscription To September The Acting Director General of the Securities and Exchange Commission (SEC), Ms Mary Uduk, has reiterated the commitment of the commission to further deepen the capital market and ensure investors’ confidence is sustained in the face of growing economic challenges in […]

Investors Staked N136.24 billion In Equities In March

Equity transactions on the Nigerian Stock Exchange (NSE) for the month of March recorded a total of 10.166 billion shares valued at N136.241 billion in 103,441 deals, representing a 14.88% drop in volume terms and 28.49% rise in value when compared to the preceding month of February. The financial services sector accounted for 5.74 billion […]

Zenith Bank

Zenith Bank Gross Earnings Hits N745.2bn For 2017 Year End

…As Shareholders Smiles’ Home With N2.45 Final Dividend Zenith Bank Plc has announced a final dividend of N2.45 kobo per share for the full year ended December 31, 2017. The final dividend is in addition to the 25 kobo interim dividend that was paid last year. Amounting to N2.70 kobo total dividend for the 2017 […]

WASRA To Establish Bond Issuing Framework

The West African Securities Regulatory Authorities (WASRA) is planning the establishment of a regional bond issuing framework for infrastructure financing in the region. This was one of the high points of the meeting of the body held in Abidjan, Côte d’Ivoire last weekend. Also, the body is working towards building relationship between WASRA and ECOWAS […]

Administrative Panel Recommends Gwarzo’s Dismissal From Public Service

The Administrative Panel of Inquiry has recommended the dismissal of the suspended Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo, from the Public Service of the Federal Government. Presidency source disclosed that the Panel also recommended that the suspended SEC director-general be referred to the Independent Corrupt Practices Commission for further investigation […]