Tag Archives: SEC

The Nigerian Stock Exchange (NSE) has suspend trading in the shares of Oando Plc, effective for forty eight hours from today October 18 to 20, 2017. The suspension follows the Securities and Exchange Commission (SEC) directive to the self regulatory body. According to a statement from the NSE, which was signed by Tinuade Awe, General Counsel / Head of Regulation, …

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In what market operators has since described as a plus to the stock market, the Board of Central Security Clearing System (CSCS) has appointed Mr. Haruna Jalo Waziri as the substantive Chief Executive Officer of the Clearing House. Waziri will be taking over from Mr. Bola Adeeko who as acting Chief Executive Officer have been piloting the affairs of the …

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Union Bank Plc has said that its capital raising of N50 billion through Right Issue is geared towards expanding the bank’s operation through technology, optimizing its area of strength in Agriculture as well as creating further millage on its outstanding products for the younger segment of the society. Addressing the Capital Market stakeholders on the Lagos floor of the Nigerian …

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Coronation Asset Management a subsidiary of Coronation Merchant Bank Ltd, on Monday listed three mutual funds on the Nigerian Stock exchange for trading and accessibility by retail and institutional investors. The three listed funds are Coronation Money Market Fund; Coronation Fixed Income Fund and Coronation Balanced Fund. While 479 subscribers pooled N1.654bn through the Coronation Money Market fund, Coronation Fixed …

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Some Shareholders of Oando Plc have called on the Securities and Exchange Commission (SEC), to live-up to its standard on the directives handed down to it by the House Committee on Capital Market and Institutions to investigate allegations of financial impropriety and mismanagement of Oando Plc. Addressing newsmen in Lagos at the weekend, the shareholders adviced that they will be …

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As part of its avowed commitment to the transformation of the Nigerian debt capital market (DCM) into a world class, properly functioning and globally competitive DCM; FMDQ OTC Securities Exchange (FMDQ), in collaboration with DCM stakeholders on Friday, September 29, 2017, launched a Sustainable Finance Sub-Committee (SFS) in its Debt Capital Market Development (DCMD) Project. This SubCommittee which is the …

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The Securities and Exchange Commission (SEC) drive on zero tolorence for infraction in the equities market Thursday received a major boost as BGL Group and its officials  were arraigned at the Chief Magistrate Court Zone 6, Abuja on charges of  criminal conspiracy, Breach of Trust and cheating. The alleged crime is said to be contrary to Sections 96, 312, 322 and 323 …

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The Securities and Exchange Commission (SEC) has banned 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 Nigeria for his unprofessional conduct in the Nigerian capital market. The SEC has also withdrawn the operating license of the companies. The Chairman of the companies, Mr. Henry Omoragbon was …

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The Registrar-General, Corporate Affairs Commission, Bello Mahmud, on Monday said that an amendment of the Companies and Allied Matters Act would strengthen the regulatory and enforcement capacity of the commission. Mahmud, according to a statement by the Head, Public Affairs Unit, CAC, Mr. Godfrey Ike, said this at the 2017 Annual General Conference of the Nigerian Bar Association. The CAMA, …

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After losing 0.91 percent, on Monday, the Nigerian Stock Exchange (NSE) key market indicators on Tuesday August 22, 2017 bounced back on the positive track with 1.03 percent appreciation, bringing the year to date return to 37.54 percent. At the closing of business the All Share Index closed at 36,962.48 against the previous close of 36,584.44 while Market Capitalization closed …

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