Business News

SEC holds second CMC meeting 2018

Ihesiulo Grace 7 August 2018 0

The Securities and Exchange Commission (SEC) has announced that the Second Capital Market Committee (CMC) meeting in 2018 has been scheduled to hold from Thursday August 9th to Friday August 10th 2018 at the Federal Palace Hotel, Victoria Island, Lagos. While the key stakeholders in the capital

Business News

CIS pledges to work with SEC on Capital Market Studies

Ihesiulo Grace 23 July 2018 0

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 […]

Business

MTN yet to file any application – SEC

Ihesiulo Grace 9 July 2018 0

The Securities and Exchange Commission (SEC), has said neither MTN Nigeria Limited nor any of its advisers or representatives has filed any application with the SEC regarding an Initial Public Offering (IPO). The Commission in a Circular in Abuja weekend signed by its Management, said its attention has been drawn to a publication in pages […]

News Nigeria

N114m fraud: FG arraigns suspended SEC DG Gwarzo, gets N25m bail

Ihesiulo Grace 6 June 2018 0

The Federal Government on Tuesday arraigned the suspended Director-General of the Securities and Exchange Commission (SEC), Mounir Gwarzo, on three count charge of alleged N114million fraud before an Abuja High Court in Maitama. Gwarzo, who was suspended by the Minister of Finance, Mrs Kemi Adeosun, in November 2017 for alleged financial impropriety, was arraigned

Capital Market

CMC Meeting: SEC, NSE, CSCS others considers e-IPOs for Nigeria

Ihesiulo Grace 23 April 2018 0

A committee comprising of the Securities and Exchange Commission (SEC), Nigeria Stock Exchange (NSE), Central Securities and Clearing System(CSCS), and six other organisations have been set up to work out the modalities involved in issuing Electronic Initial Public Offers (e-IPOs) in Nigeria’s financial markets. An e-IPO is an application based and browser based software

Headlines News

Revealed: How Oando saga consumed 2 SEC DGs

Ihesiulo Grace 17 April 2018 0

* Market stakeholders raise eyebrows over non-release of probe panel’s report * Why ex-acting SEC DG was demoted – Finance Minister The ongoing saga between Oando Plc, the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) has caught yet another leader of the commission in its fangs. Speaking with our correspondent at […]

Business Headlines News

SEC Vs Oando: Deloitte to commence forensic audit

Ihesiulo Grace 6 March 2018 0

The ongoing battle between the Securities and Exchange Commission (SEC) and Oando Plc has taken a new dimension. In a statement issued by the Commission on Tuesday, the acting Director General of the Commission, Abdul Zubair , announced in Abuja that the two lawsuits filed by Oando PLC has been withdrawn. ‘Oando Plc has withdrawn […]

Business

SEC, NSE, CSCS rake N11.430bn in 2017 from share sales

Ihesiulo Grace 19 February 2018 0

A total of N11.43 billion accrued as earnings from the sales of shares to the three major players in the Nigerian equities in 2017, according to findings by business a.m. The Securities and Exchange Commission (SEC), the market regulator, the Nigerian Stock Exchange (NSE), the market platform provider and the Central Securities Clearing System (CSCS), […]

News

SEC targets deepened financial Inclusion by 2020

Ihesiulo Grace 18 February 2018 0

The Securities and Exchange Commission (SEC) , has said that it aims to achieve increased level of financial inclusion of Nigerians by the year 2020. Acting Director General of the SEC, Dr. Abdul Zubair stated this during a financial inclusion sensitization campaign held in Karshi, Abuja at the weekend. Represented by Director Market Development Department […]

Capital Market

SEC, Journalists collaborate on investor education

Ihesiulo Grace 27 December 2017 0

Securities and Exchange Commission (SEC) has pledged to work with finance correspondents to ensure proper reporting of the capital market in order to enlighten and educate the investing public. Acting Director General of SEC, Dr. Abdul Zubair stated this when the executive of Finance Correspondents Association of Nigeria (FICAN), Abuja Chapter, visited him recently. Zubair

Business Headlines News

SEC Vs Oando: Court fixes Dec 15 for ruling over suspension

Ihesiulo Grace 14 December 2017 0

Ruling in a motion filed by an oil firm, Oando Plc, seeking preservative orders in a suit it filed to challenge the technical suspension imposed on its shares on the floor of the Nigerian Stock Exchange (NSE) to allow for a forensic auditing of its books, has been fixed by a Federal High Court, Ikoyi, […]

Business Headlines

Why Oando dragged SEC to Appeal Court

Ihesiulo Grace 12 December 2017 0

*says High Court not IST appropriate Daily Times Nigeria gathered that Oando Plc has approached the Court of Appeal with prayers for the court to lift the prevailing technical suspension placed on its shares as ordered by the SEC, as it argued that THE FEDERAL High court is more appropriate to entertain the case than […]

Business

Market operators demand single license from CBN, SEC

Ihesiulo Grace 11 December 2017 0

To facilitate a more robust and deeper financial market, operators in the Nigerian capital market have urged the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to grant them single dealing lincense to access Discount Window. The operators are currently being regulated by the Securities and Exchange Commission and they are […]

Business

Market operators demand single license from CBN, SEC

Ihesiulo Grace 11 December 2017 0

To facilitate a more robust and deeper financial market, operators in the Nigerian capital market have urged the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to grant them single dealing lincense to access Discount Window. The operators are currently being regulated by the Securities and Exchange Commission and they are […]

Labour News

Gwarzo suspension long over due, says Labour Union

Ihesiulo Grace 7 December 2017 0

The Nigeria Labour Union under the auspices of Association of Senior Civil Servants of Nigeria (ASCSN) on Wednesday commended Presided President Muhammadu Buhari for what it described as “timely intervention” in the Securities and Exchange Commission (SEC) by suspending the embattled Director General Mr Munir Gwarzo saying that the suspension was long over due.

Business

SEC vows to continue with Oando’s probe

Ihesiulo Grace 6 December 2017 0

·Wants suspended DG to face investigative panel set up by minister As the controversy over the suspension of the Director General of the Securities and Exchange Commission (SEC), Mr Munir Gwazo, continued to raise dust from different quotas, the Commission has insisted on carrying out a forensic exercise into the activities of Oando Plc. Meanwhile, […]

Business Headlines

FG appoints Abdul Zubair as Acting SEC DG

Ihesiulo Grace 4 December 2017 0

The Federal Government has appointed Dr. Abdul Zubair, as the acting Director General of the Securities and Exchange Commission (SEC) with immediate effect. His appointment was disclosed in a statement made available to the Daily Times on Sunday. The Daily Times be recalls that the Federal Government had last week, sacked former DG of SEC, […]

Headlines News

Reps summons 100 banks CEOs, others over breach of shareholders’ rights

Ihesiulo Grace 30 November 2017 0

The House of Representatives Committee on Capital Market and other Institutions on Wednesday summoned 100 chief executive officers CEOs and boards of commercial banks, oil companies and other private companies operating in Nigeria over allegations of corporate governance breaches and abuse of shareholders rights and interests. The summons by the House committee was based

Business Headlines

Finance Minister suspends SEC DG, 2 others over alleged financial impropriety

Ihesiulo Grace 29 November 2017 0

The Minister of Finance, Mrs. Kemi Adeosun, has suspended the Director General of the Securities and Exchange Commission (SEC), Mr. Mounir H. Gwarzo, from Office, to allow for an unhindered investigation of several allegations of financial impropriety leveled against the Director-General. Adeosun said that the suspension was in line with the Public Service Rules (PSRs)

Business Headlines

Oando to appeal court ruling on SEC’s forensic audit

Ihesiulo Grace 27 November 2017 0

… May opt for As IST hearing Indications have emerged that Oando Nigeria Plc will appeal the Lagos High Court ruling last Thursday, which gave the Securities and Exchange Commission (SEC), power to forge ahead to conduct forensic audit on the firm. In the ruling, the court had struck out Oando’s case against SEC Nigeria, […]