Business

SEC unveils redesigned website to boost transparency, investor access

Promise Eze 2 September 2025 0

The Securities and Exchange Commission (SEC) has launched its newly redesigned official website on September 1. In a statement on Monday, the SEC said the upgrade introduces a modern design, enhanced functionality, and a streamlined user experience aimed at investors, market operators, and the

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Sen. Izunaso: Bank recapitalisation will boost Capital Market

Ihesiulo Grace 30 March 2024 0

BY ADA DIKE Senator Osita Izunaso, the Chairman Senate Committee on Capital Market and Institutions has lauded the recapitalization policy announced by the Central Bank of Nigeria, saying it would boost confidence in Nigeria’s capital market. According to the senator, “The new minimum capital requirements for banks operating in Nigeria, with the objective of ensuring […]

News

Osinbajo to headline NGX capital market conference on Nov. 30

Ihesiulo Grace 26 October 2021 0

The Nigerian Exchange Ltd (NGX) is set to host the Vice President, Prof. Yemi Osinbajo, at the inaugural Nigerian capital market conference slated for Nov. 30. The Chairman of the NGX, Mr Abubakar Mahmoud, disclosed in a statement made available to the News Agency of Nigeria (NAN) on Tuesday in Lagos. Mahmoud said that the […]

Business

SEC commences 100% custody requirement in CIS — DG

Ihesiulo Grace 20 September 2021 0

The Securities and Exchange Commission (SEC) has announced that it has commenced implementation of 100 per cent custody requirement in the Collective Investment Schemes (CIS) sector to protect investors. The Director-General of the SEC, Mr. Lamido Yuguda, said this in a statement issued on Sunday, in Lagos. Yuguda said the custody requirement covered all Funds […]

Business News

SEC adopts sustainable finance guidelines for CMOs

Ihesiulo Grace 23 May 2021 0

The Securities and Exchange Commission (SEC) has adopted the Nigerian Sustainable Finance Principles (NSFP) which was developed by the Financial Services Regulation Coordinating Committee (FSRCC) for Capital Market Operators (CMOs). A statement by the Commission in Abuja on Sunday said that the objectives of the guidelines were to stimulate a resilient, competitive and

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Reps okay Buhari’s request to raise N850bn from Capital Market

Ihesiulo Grace 13 May 2020 0

…Set up c’ttee to probe all extant China/Nigeria loan agreements Members of the House of Representatives, on Tuesday, approved the request of President Muhammadu Buhari to raise N850 billion. The Federal Government is to raise the money in the New External Borrowing Plan in the 2020 Appropriations Act in naira, from the Domestic Capital Market. […]

Business

SEC leveraging on Fintech in capital market regulation

Ihesiulo Grace 11 May 2020 0

The Securities and Exchange Commission (SEC) has stated that it is leveraging the various opportunities available in the Fintech space to ensure proper regulation of the Capital market in the face of the COVID-19 pandemic. READ MORE: ‘Living in Bondage’ sequel is coming to Netflix this May Acting Director-General of the SEC, Ms Mary Uduk […]

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Coronavirus: Real sector, capital market to lose N10trn

Ihesiulo Grace 30 March 2020 0

…As confirmed cases rise to 111 in 11 states and Abuja …Dangote, Ovia, Rabiu, others donate billions to FG …Renown economist, Prof. Obadan raises alarm on micro-economic impact The Coronavirus (COVID-19) pandemic is fast having a ripple effect on Nigeria, crippling virtually all sectors of the economy, leading experts to predict that the Oil and […]

Business

SEC mulls trading of agric produce, solid minerals on capital market

Ihesiulo Grace 12 March 2020 0

In a bid to diversify the economy and shift gears from oil, the Securities and Exchange Commission (SEC) says it will kickstart trading agricultural produce and solid minerals on the Capital Market. According to SEC, the plan has the potential of delivering on the country’s food security needs, providing jobs and increasing the nation’s foreign […]

Business

Obaseki mulls raising fresh capital from capital market

Ihesiulo Grace 10 March 2020 0

The Edo State governor, Godwin Obaseki on Monday said the state might consider raising capital from the capital market, stressing that state is soliciting for the support of the capital market community towards the forthcoming National Sports Festival (NSF). Obaseki stated this at the State Closing Gong Ceremony on the Nigerian Stock Exchange (NSE) in […]

News

Use capital market to address infrastructure deficits, Anyaoku tells FG

Ihesiulo Grace 20 February 2020 0

Lagos – Mr Emeka Anyaoku, the former  Commonwealth Secretary-General, has enjoined the Federal Government to utilise Nigeria’s capital market to address infrastructure deficits. Anyaoku made the  call when the Principal Officers of the Chartered Institute of Stockbrokers (CIS) paid him a courtesy visit in Lagos. Anyaoku who commended the board and management of

Business

Investor protection key to capital market development-SEC

Ihesiulo Grace 18 February 2020 0

Investor protection has been identified as one of the cardinal points of market regulation that contributes to deepening the capital market. This was disclosed by Acting Director-General of the Securities and Exchange Commission, Ms Mary Uduk while speaking with journalists in Lagos, weekend. Insecurity: Buhari, Service chiefs and matters arising According to Uduk, one of

Business

Capital market stakeholders urge FG to seek private, domestic capital for infrastructure funding

Ihesiulo Grace 13 February 2020 0

Lagos = Stakeholders in the capital market on Thursday stressed the need to attract private and domestic capital for funding of critical infrastructure in the country. The stakeholders stated this at the Securities and Exchange Commission (SEC) 2020 budget seminar themed: Leveraging the 2020 budget and the Finance Act for the growth of the Nigerian […]

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Nigeria’s economy big enough for bigger stock exchange – SEC boss

Ihesiulo Grace 20 January 2020 0

Acting Director-General of the Securities and Exchange Commission (SEC), Ms Mary Uduk, says the Nigeria’s economy is big enough to accommodate a bigger and more attractive capital market. Uduk made this known in a statement issued by Mrs. Efe Ebelo, the commission’s Head of Corporate Communications, in Abuja on Sunday. She noted that capital market […]

Business News

Investments in capital market, a mixed bag of fortunes, says Uduk

Ihesiulo Grace 4 November 2019 0

…As local investors are charged on investments diversification Due to risk attached to investment in the capital market across the world, the Acting Director-General of the Securities and Exchange Commission (SEC) Ms Mary Uduk, has described investment in the Nigerian capital market as a mixed bag of fortunes. This is even as investors in the […]

Business Featured

Capital Market is crucial to Nigeria’s economic growth, says Finance Minister

Ihesiulo Grace 1 November 2019 0

By Motolani Oseni Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has described the Capital Market as very crucial to the growth and development of the country. She stated this in a keynote address at the Investing and Capital Market conference held in Abuja, Thursday. Ikoyi Custodial Centre: Aregbesola vows to punish unprofessional […]

Business

Investors in equities market lose N335bn in 4 days

Ihesiulo Grace 7 October 2019 0

Investors in the equities segment of the Nigerian Stock Exchange (NSE) lost N335 billion in four days trading as high –mid capitalised shares on the Exchange recorded profit-taking. The federal government had declared Tuesday, October 1, 2019, a public holiday to mark the Nations 59th independence anniversary. Market statistics obtained by our correspondent showed that

Business

SEC to tackle identity theft, extends multiple subscription deadline

Ihesiulo Grace 16 November 2018 0

In a move to ensure more investors regularise their accounts thereby reducing the volume of unclaimed dividends in the Nigerian capital market, the Securities and Exchange Commission, SEC has announced an extension of forebeafance on such accounts to December 31, 2019. This among others was part of the decisions reached at the end of the […]

Business News

SEC to take over management of 3 insurance firms, says Reps c’ttee

Ihesiulo Grace 5 November 2018 0

The House of Representatives sub – committee on the Capital Market has threatened to authorise the Securities and Exchange Commission (SEC) to take the management of three insurance companies for flouting industry regulations, tax evasion and other infractions. Chairman of the sub – committee, Rep. Tony Nwulu made this known after the committee had an […]

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Reps c’ttee summons Total, Forte, 7 other oil firms over infractions

Ihesiulo Grace 24 October 2018 0

The House of Representatives sub – committee on Capital Market and Institutions, on Tuesday, summoned nine public quoted oil companies to appear before it on Thursday over issues of alleged infractions pertaining to corporate governance. Chairman of the sub – committee, Hon Tony Nwulu, issued the summons after the affected oil firms failed to submit […]