The Securities and Exchange Commission (SEC) has announced that capital market operators will be required to renew their registration between January 1 and 31, 2026. To streamline the process, the Commission said it will commence electronic receipt and processing of applications for registration and updates in the first quarter of 2026. Speaking in Abuja over […]
Ellah Lakes Plc has announced an extension of its ongoing N235 billion public offer, following approval from the Securities and Exchange Commission (SEC), providing additional time for investors to participate in one of Nigeria’s largest agribusiness equity offerings. The company is offering 18.8 billion ordinary shares of 50 kobo each at N12.50 per share. Initially […]
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 general public. The key features include a sleek, mobile-responsive design, improved […]
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 Director-General of the SEC, Ms Mary Uduk during the signing of a […]
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, […]
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, Lasaco […]
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. […]
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 […]
…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 […]
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 rural-urban drift and an important market […]
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 completion of NAP 4.0 marked the end […]
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 […]