Tag Archives: SEC

Wema Bank Plc has said that it will soon return to trajectory of dividend payment even as it appealed for understanding over the inability of the bank to propose a dividend in the last couples of years. The assurance and appeal was made by the Managing Director Mr Segun Oloketuyi, while responding to question at the bank Annual General Meeting …

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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. At an average of 40 …

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…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. Trouble yesterday started when the …

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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 be an important platform that …

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…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 the domestic economy. She said …

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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 units worth N54.064 billion, buoyed …

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…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 financial year. According to the …

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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 Commission, the supervision model needed …

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At the close of business on Tuesday January 30, 2018, trading on the floor of Nigerian Stock Exchange (NSE) closed on a positive note as Diamond Bank Plc again topped the gainers table to close at N3.19 kobo. Just as banking stocks continue to attract investors’ attention. However, the key market indicators increased by 0.42 percent, bringing the year to …

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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 of the allegation of using …

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