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
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 […]
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 […]
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
…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. […]
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 […]
…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 […]
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 […]
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 […]
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
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
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 […]
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 […]
…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 […]
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 […]
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
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 […]
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 […]
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 […]
The Chartered Institute of Stockbrokers (CIS) has pledged to work with the Securities and Exchange Commission (SEC) in its desire to infuse Capital Market Studies (CMS) into the curriculum of schools in the country. Already, the apex regulator of the Nigerian capital market, is developing a curriculum on capital market studies as part of the […]
