Tag Archives: SEC

The Board of Nigerian Aviation Handling Company Plc (Nahco Aviance) has approved the appointment of Mr Idris Yakubu as the substantive Managing Director/Chief Executive Officer of the company with effect from November 3, 2017.   Yakubu replaces Mrs Folashade Ode who was the Acting Managing Director/CEO of the company.

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The Board of the International Organization of Securities Commissions (IOSCO) has published two update reports titled update to the IOSCO peer review of regulation of money market funds and update update to the IOSCO peer review of implementation of incentive alignment recommendations for securitisation. These reports summarize IOSCO’s ongoing efforts in monitoring implementation of reforms for money market funds (MMF) …

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Photo Caption: Head, International Primary Markets, The Nigerian Stock Exchange (NSE), Oluwafemi Onifade; Acting Head, Strategy, NSE, Okon Onuntuei; Acting Head, Corporate Services Division, NSE, Pai Gamde; CEO, NSE, Oscar Onyema; Executive Secretary/ CEO, Nigerian Shippers Council, Hassan Bello; Chief Financial Officer, NSE, Cyril Eigbogbo; and Head, Domestic Primary Markets, NSE, Tony Ibeziako at the Closing Gong Ceremony on Thursday.

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The Acting Registrar-General of the Corporate Affairs Commission ( CAC ), Lady Azuka Azinge yesterday in Kano said the Commission has introduced online registration method aimed at curbing the menace of fraudsters and middle men. Speaking during a sensitization progarmme in Kano, Lady Azuka said the online registration method will go a long way in removing hiccups and ambiguities hitherto …

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Flour Mills of Nigeria has concluded plans to sell shares through a rights issue to cut debt and is registering a N70 billion bond programme to refinance short-term loans, the conglomerate said on Wednesday, Reuters has reported. Several Nigerian companies have tapped capital markets this year to shore up their balance sheets after a currency crisis in 2015 dragged the …

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...As Commission Put Strigent Measure in Place To Check Further Abuse …Encourages Youth To Imbibe Saving Culture The Securities and Exchange Commission (SEC), has disclosed that listed companies have been found to fake operating positions to get regulatory approval to delist from the equities market. The Commission said to further checkmate such scenario from playing-up again due to its zero …

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Access Bank Plc plans to pursue organic growth in Ghana rather than mergers & acquisitions after the central bank raised the minimum capital requirement for lenders in the West African country, its group chief executive said on Tuesday. Ghana’s central bank in September raised the minimum capital required for banks threefold to 400 million cedis ($92 million) as part of …

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As part of its commitment to the growth and socio-economic development of Nigeria’s creative industry, Heritage Bank Plc has partnered with the organizers of the International Festival of Contemporary Dance (IFCOD) to host the second edition of One Language, a musical production of intrigue, dance and drama. The essence of the musical production is to unite humanity across the world and …

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With an end to Nigeria’s worst recession in two decades buoyed by improved performance of oil, agriculture, manufacturing and trade sectors, the economy is well on its way to a full recovery. In September 2017, the National Bureau of Statistics (NBS) validated that the country has exited the recession with a growth of 0.55% in the second quarter of 2017. …

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…as part of activities to mark 2017 World Savings Day Skye Bank CEO, Tokunbo Abiru, has unveiled the Bank’s plans to take financial literacy campaign to 30 schools in the country to mark this year’s World Savings Day. Abiru made this known while addressing pupils of Seed of Life Schools, Lebanon Ibadan, adopted by Skye Bank on Tuesday stated that: …

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