Tag Archives: SEC

The Securities and Exchange Commission (SEC) is to revoke the registration of about 400 Capital Market Experts or Professionals who do not comply with the directive to provide updated information of their companies/firms by July 31, 2017.   According to a circular from SEC, “any firm whose response is not received within this time frame would be considered inactive and …

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Securities and Exchange Commission, SEC, yesterday, disclosed that it has set aside N5 billion as seed capital for the take off of the proposed Nigerian Capital Market Development Fund, NCMDF. The Commission also warned that it would henceforth prosecute investors using false identity for share subscription. The apex capital market authority also indicated that its shares dematerialization programme has run …

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…as last dividend warrant issuance remains June 30th. …to enforce direct cash settlement by September 1st …CSCS achieves 100% shares certificate dematerilisation FRIDAY EKEOBA To ensure transparency and further enhance investors’ confidence in the nation bourse, the Security and Exchange Commission (SEC), E-dividend policy drive for an equitable market, has seen over 2.2 million investors mandating their accounts for an …

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The Securities and Exchange Commission (SEC) has announced the dissolution of the board of Ikeja Hotels Plc due to unresolved internal crisis involving some majority shareholders of Ikeja Hotels Plc. The Commission said this proactive measure has become necessary in order not to allow the warring parties take certain actions that would give them an advantage over one another. According …

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The Securities and Exchange Commission (SEC) has expressed its readiness to collaborate with relevant international agencies to ensure that the growth of Mergers and Acquisitions in the country is sustained. Director General of SEC, Mounir Gwarzo stated this when he received a delegation of experts in Mergers and Acquisitions  from the United States of America and South Africa led by …

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Securities and Exchange Commission says it has sealed up the premises of Yuan Dong for unacceptable investment operations in the country. The Head, Corporate Communication of SEC, Mr Naif Abdussalam, in a statement on Sunday in Abuja, said the closure was to end unlawful activities of the company against unsuspecting investors. “Investments in the scheme range from a minimum deposit …

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The Securities and Exchange Commission (SEC) said it had lifted the suspension of Heritage Capital Markets Limited from capital market activities, together with its directors and sponsored individuals. The management of SEC signed the document which cleared the company, while also posting the same on its website. SEC had suspended Heritage Capital Markets and its directors as well as sponsored …

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The Managing Director of Med-View Airline, Alhaji Muneer Bankole, has said that by April, this year, the airline will expand its operations to Francophone countries within the West African States. Also, in the next three months, the airline would  be hitting the  market  with an initial public offering (IPO) to enable more investors buy into the company and   raise …

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AS the stock market looks likely to end the first month of this year in negative territory, investment analysts at Afrinvest West Africa have posited that 2017 may end up another difficult year for equities if certain drivers of the negative 2016 performance are not addressed urgently. The analysts observed that market performance in 2016 indicated that although a combination …

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From Left: SP Awe Kayode of SEC Police Unit, SP Ogbuefi Henry-King Head of SEC police unit, Rev. Fr. Ukeje Samuel Ikechukwu, the Complainant, Mrs Ifunayanchi Atuorah and ASP Onuoha Uka when Ikechukwu was presented with a cheque of N1.5m recovered from illegal sale of his shares in Abuja, weekend  

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