Tag Archives: SEC

The Director General of the Securities and Exchange Commission (SEC) Mounir Gwarzo has urged legal practitioners in the country to refrain from instituting unnecessary litigations at the instance of their clients who are involved in an enforcement action of the commission. Gwarzo disclosed this during a panel session at the ongoing 2017, Annual General Conference of the Nigerian Bar Association …

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The Securities and Exchange Commission held its 2nd quarter Capital Market Committee (CMC) Meeting on August 15, 2017 at the Federal Palace Hotel, Victoria Island, Lagos. The event which is a gathering of the entire capital market community was attended by Self-Regulatory Organizations (SROs)/Trade Groups and an array of Dignitaries. Declaring the event open, the Director General of the Securities and …

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Determined to further grow and deepen the capital market in the domestic economy, the Securities and Exchange Commission (SEC) has urged existing and prospective shareholders in the market to embrace E-Annual reporting system. Director General of the apex regulator in the capital Mr. Mounir Gwarzo made the appeal during the post Capital Market Committee (CMC) briefing with the financial journalist …

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Transaction on the floor of the Nigerian Stock Exchange (NSE) Friday, witnessed a turnaround from the decrease on Thursday as key market indicators regains its momentums with 0.25 increase, bringing the year to date return to 42.14 percent. However, Unilever Nigeria Plc that is currently seeking over N58 Billion from existing shareholders through right issue, topped the gainers table for …

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The Securities and Exchange Commission (SEC) Capital Market Committee (CMC) meeting will hold next week in Lagos. The meeting is the second in 2017, the CMC meeting is where key stakeholders in the capital market meets to discuss issues and development in the market and how to proffer solution for the growth of the market. In a similar vein the …

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Activities on the floor of Nigerian Stock Exchange (NSE) on Monday which was the last trading day for the month of July 2017 witnessed profit taking among investors that have made profits in their respective stock dragging the key market indicators down by 2.77 percent, while the year to date return stood at 33.37 percent. The All Share Index closed …

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The Securities and Exchange Commission (SEC) in a circular culled from its website wishes to inform all Capital Market Operators (CMOs) and Public Limited Company (PLCs) on a new executive order by the Federal Government of Nigeria to comply with the new rule of Taxpayers on Voluntary Assets and Income Declaration Scheme (VAIDS) or face penalty. The SEC is encouraging …

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Ashaka Cement Plc has voluntarily delisted from the Nigerian Stock Exchange for violation of the exchange free float deficiency provision of 20 per cent. The company announced its voluntary withdrawal in a statement posted on NSE website by the company’s directors. “The Board of Directors of Ashaka Cement Plc has opted for a voluntarily delisting of the company from the …

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Considering the June 30, 2017 deadline given to registrars of quoted companies by the Securities and Exchange Commission (SEC) to stop the issuance of physical dividend warrants to shareholders, investigation has revealed that the much talked about initiative aimed at reducing the growing numbers of unclaimed dividend in the country may have suffered a setback. According to sources in the …

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Investors in the Nigerian Capital Market with multiple subscriptions for the same public offer may forfeit their investment. It will be recall that the Securities and Exchange Commission at its last Capital Market Committee meeting (CMC) approved the report of a market wide committee on formulating a uniform position for the treatment of multiple subscriptions to public offers. According to …

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