Business News

SEC, FCCPCC strengthen collaboration to simplify mergers in Nigeria

Ihesiulo Grace 10 September 2019 0

Temitope Adebayo The Securities and Exchange Commission (SEC) and the Federal Competition and Consumer Protection Commission (FCCPCC), have agreed to continue to work together in a bid to simplify the processes of Mergers of companies in Nigeria. This was disclosed by the Acting

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SEC urges shareholders of defunct Afribank to claim their dividends

Ihesiulo Grace 3 September 2019 0

Motolani Oseni The Securities and Exchange Commission (SEC) has asked shareholders of the defunct Afribank Plc to claim their dividends. SEC said this is part of its investor protection programme. It said it was also to ensure that shareholders get the benefits of investing in the capital market. Mary Uduk, the commission’s acting DG, said, […]

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NSE suspends trading in shares of Conoil, 10 other companies

Ihesiulo Grace 3 July 2019 0

Temitope Adebayo The Nigerian Stock Exchange (NSE) on Tuesday suspended trading in the shares of 11 companies over delayed filing of accounts. NSE Head, Listings Regulation Department, Godstime Iwenekhai, stated this in a statement released to the newsmen in Lagos yesterday. Mr Iwenekhai said the affected companies were: Conoil, FTN Cocoa Processors, Goldlink Insurance,

Business

Court orders reinstatement of suspended SEC DG, Gwarzo

Ihesiulo Grace 31 May 2019

The National Industrial Court, Abuja, on Thursday ordered the immediate reinstatement of Mounir Gwarzo, the suspended director-general of the Securities and Exchange Commission (SEC), back to his position. Justice Sanusi Kado, in his judgment, held that the minister of finance, named as the second defendant in the suit, lacked the power to suspend the claimant. […]

Business

How viable commodities exchange will enhance forex earnings –SEC

Ihesiulo Grace 22 May 2019

Joseph Inokotong – Abuja The Securities and Exchange Commission (SEC) has emphasised the need to have a vibrant Commodities Exchange in the country for Nigeria to realise its full potentials in the commodities market as well as boost foreign exchange earnings. This was disclosed by Acting Director General of the SEC, Ms. Mary Uduk at […]

Business

MTN’s 20.3bn shares may start trading on equities market Thursday

Ihesiulo Grace 15 May 2019

…To raise over N200bn for expansion in Nigeria Ladesope Ladelokun MTN Nigeria has concluded all plans to be officially introduced on the Nigerian Stock Exchange, come Thursday, May 16th, even as a plan to increase its expansion and the efficiency of its network in Nigeria is underway. The telecommunication firm is looking to raise over […]

Business

Commodities market will promote financial inclusion, enhance govt revenue – SEC

Ihesiulo Grace 14 May 2019

Joseph Inokotong – Abuja The Commodities Trading Ecosystem come with many benefits such as providing transparent pricing mechanism, promote the attractiveness of agribusiness, foster financial inclusion, improve quality of agricultural output and profitability as well as government revenue. It also enhances the wellbeing of the farming communities; help reduce

Business

PEBEC: FG emphasises need for partnerships, collaborations towards economic growth

Ihesiulo Grace 3 May 2019

Motolani Oseni As Presidential Enabling Business Environment Council (PEBEC) completed the fourth National Action Plan (NAP 4.0), Minister for Industry, Trade and Investment/Vice-Chair of PEBEC, Dr Okechukwu Enelamah, has emphasised the continued need for partnerships and collaborations towards economic growth, transformation and an overall improved business climate. The

Business

SEC extends issuance of dividend warrants to 2019

Ihesiulo Grace 29 March 2019

Motolani Oseni The Securities and Exchange Commission (SEC) has extended the deadline for the discontinuance of the issuance of dividend warrants to December 31st, 2019. The apex capital market regulating body said is to enable relevant stakeholders deliberate on and address all outstanding issues. According to a circular on the Commission’s website, the decision of […]