SECjThe Securities and Exchange Commission (SEC) has restated its commitment to collaborating with law enforcement agencies to clamp down on operators of ponzi schemes across the country. John Achile, the SEC’s divisional head of legal and enforcement, made this known at the commission’s Journalists’ Academy 2025 in Lagos, themed ‘The ISA 2025 and The Future […]
The Securities and Exchange Commission (SEC) has warned quoted companies and capital market registrars to desist from selective payments and distribution of dividends. The Director-General of SEC, Mr Lamido Yuguda, said this on Saturday at the Institute of Capital Market Registrars (ICMR) 10th Annual Conference, Investiture of fellows, Induction of Associates and Annual General Meeting […]
The Securities and Exchange Commission (SEC) has said it will ensure strict enforcement of capital market rules and regulations, and clamp down on illegal fund operators luring innocent victims to invest in various Ponzi schemes. The Commission said it has become vital to restore investor confidence and attract retail and young investors into the market, […]
As part of measures to assist the FCT Administration (FCTA) in the battle against the spread of COVID-19 pandemic, the Securities and Exchange Commission (SEC) has donated an ambulance to it. Presenting the ambulance, the Ag. Director General of SEC, Ms. Mary Uduk, observed that since the country recorded its COVID-19 index case in February […]
…As Senate confirms appointments of SEC, RMAFC nominees President of the Senate, Ahmad Lawan, has tasked the Securities and Exchange Commission (SEC) to ensure efficiency in the discharge of its duties so as to attract local and foreign investments to the country. The Senate President gave the charge on Wednesday in his remarks after the […]
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 […]
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 […]
Bowing to mounting pressure by the investment community to extend the free e-dividend registration scheduled to end December31 2017, the Securities and Exchange Commission (SEC), has announced extension of free exercise to 28th February, 2018. The exercise by SEC, as part of the commission’s developmental role, was aimed at encouraging more shareholders mandate their Bank […]
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 […]
…pledges support to association The newly appointed acting Director General of the Securities and Exchange Commission, Dr Abdul Zubair has lauded the Capital Market Correspondents Association of Nigeria (CAMCAN) for its contributions to a more resilient and steadily growing capital market. Zubair who gave the welcome address at the 2017 edition of the annual CAMCAN […]
A Lagos based lawyer, Festus Keyamo SAN, on Wednesday decried the politicisation of the probe of suspended Director General of the Securities and Exchange Çommission (SEC), Mr. Mounir Haliru Gwarzo. Keyamo urged the two anti graft agencies and the panel of inquiry set up by the Minister of Finance to be “firm, fair, decisive and […]
The Director General of the Securities and Exchange Commission, Mr. Mounir Gwarzo has urged capital market participants to constantly adapt to new and rapidly changing economic, regulatory and business environments which will aid them in performing their expected roles in economic development of the nation. He mentioned this during his opening remarks at the 21st […]
The Securities and Exchange Commission (SEC) on Tuesday, 19th September, 2017, demonstrated strong commitment to ensuring than Nigerian capital market remains credible and transparent with high zero tolerance to unethical practices. Chief Executive Officer of Partnership Securities, Victor Ogiemwonyi, and some of his employees were alleged to have misappropriated funds of PSL’s clients valued at […]
The proposed merger between International Breweries Plc (IBPlc) and its two Nigerian subsidiaries has been approved by the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE). A regulatory filing on Tuesday by the company via the NSE, stated that under the terms and conditions of the proposed scheme of merger, all the […]
International Breweries Plc (IBPlc) says it has obtained the approval of Nigeria’s capital market regulators, the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) to merge with two sister companies. International Breweries, a subsidiary of Belgian Brewer, Anheuser-Busch InBev (AB InBev), had announced in June that the Board of Directors of the […]
The Securities and Exchange Commission (SEC), has slammed a life ban on Mr Albert Okumagba, the group Managing Director, BGL Group and his deputy, Mr Chibundu Edozie. A statement pasted on the commission’s website on Wednesday said SEC has also cancelled the licenses of Assets Management Limited and BGL Securities Ltd belonging to Okumagba. It […]
The Central Bank of Nigeria (CBN), has ruled out transactions in bitcoin and other virtual currencies by any bank in the country. The apex bank, in a circular to all banks on Tuesday, signed by its Director of Financial Policy and Regulation Department, Kelvin Amugo, said the move was necessitated by money laundering and terrorism […]
The Securities and Exchange Commission has called on the attention of the investing public to an illegal capital market operator known as RUBY GOLD VENTURES (CRYPTO CURRENCY INVESTMENT). The SEC in an official statement signed by its management issued a stern warning against dealing with the Company in any capital market related business. “RUBY GOLD VENTURES is not registered […]