Tag Archives: SEC

The investor protection initiatives of the Securities and Exchange Commission (SEC) received a boost last weekend when an investor,  Rev. Fr. Samuel Ukeje Ikechukwu received a cheque for the sum of N1.5m for his share that were illegally sold. According to Ukeje who is resident in Italy, he bought the Guaranty Trust Bank shares eight years ago through Cashville Investment …

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The Director –General of the Securities and Exchange Commission (SEC), Mounir Gwarzo has restated the commission’s resolve to promote the development of Commodity Exchanges in the country. Speaking when he received the New Exco of the Association of Stockbroking Houses of Nigeria(ASHON)  on  a courtesy call at the commission on recently, the Director General said the commission was willing to …

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In order to ensure an effective policing of the capital market, the Securities and Exchange Commission (SEC) and the Economic and Financial Crimes Commission (EFCC) have signed a Memorandum of Understanding. The signing ceremony took place Wednesday at the EFCC office in Abuja. The MoU serves to among others promote the efficient investigation and conclusion of all cases reported by …

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SEC, CBN Real-Out Guidelines on Securities Settlement in Nig As part of its growth strategy and development of the stock market and to further promote competitive, efficient, safe and sound post trading arrangements in Nigerian financial market, the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria have introduced some sets of guidelines on securities settlements in Nigeria. …

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From left: Mr. Victor Famuyibo, Human Resource Director, Nigerian Breweries Plc;  Mr. Nicolaas  Vervelde, Managing Director/ Chief Executive Officer, Nigerian Breweries Plc; Mr. Oscar Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Chief Kolawole Jamodu, Chairman, Nigerian Breweries Plc; Mr. Uaboi Agbebaku, Company Secretary/ Legal Adviser, Nigerian Breweries Plc at the Closing Gong Ceremony in commemoration of the company’s 70th anniversary …

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SEC to colaborate with EFCC on Market infraction The Securities and Exchange Commission (SEC) is working on a Memorandum of Inderstanding (MoU) with the Economic and Financial Crimes Commission (EFCC) to provide an efficient and effective  policing of the capital market. This was disclosed by the Director General of SEC Mounir Gwarzo when the Management of the Commission paid a …

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CBN Reads Riot Act To Banks Over Intervention Funds The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has warned Participating Financial Institutions (PFIs) in the country against charging double-digit interest on intervention funds guaranteed by the apex bank. Mr. Emefiele who gave the warning in Abeokuta, Ogun state, during an interaction between the Presidential Task Force on Agricultural …

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Wema Bank opens new branch in Abuja Wema Bank Plc has announced the opening of a new branch in Abuja as part of its strategic expansion following a national licence granted the bank by the Central Bank of Nigeria in 2015. The lender, in a statement on Wednesday, said the new branch would strengthen its business in the Federal Capital …

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