By Kayode Tokede The Securities and Exchange Commission (SEC) and National Insurance Commission (NAICOM) have sanctioned African Alliance Insurance Plc N3.9million for contravening certain regulations in 2020 financial year. The capital market regulating body sanctioned the Insurance company N3.4million in…
By Kayode Tokede The Securities and Exchange Commission (SEC) has again affirmed that the capital market has the potentials to bridge the infrastructure gap in the country as well as aid economic development. This was stated by Executive Commissioner Operations…
By Kayode Tokede MTN Nigeria Communications Plc (MTN Nigeria) advises the Nigerian Exchange Limited (NGX) and the investing public that an application has been submitted to the Securities & Exchange Commission (SEC), for the clearance of transaction documents for MTN…
By Kayode Tokede 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…
By Kayode Tokede In a bid to further protect investors and deepen the capital market, the Securities and Exchange Commission (SEC) has announced that it has commenced the implementation of 100% custody requirement in the Collective Investment Schemes sector. Director…
By Kayode Tokede AXA Mansard Insurance Plc, has obtained pre-requisite regulatory approvals to reconstruct its shares, from a nominal value of 50 kobo to N2 per share. This is according to a disclosure signed by the company’s secretary, Mrs Omowunmi…
By Kayode Tokede Foremost diagnostic firm, Union Diagnostics and Clinical Services Plc, says it has received approval from the Securities and Exchange Commission (SEC) and other agencies to delist its shares from the Nigerian Exchange Limited (NGX). The indigenous medical…
By Kayode Tokede The Securities and Exchange Commission (SEC) has unveiled plans to reduce its operating costs in order to boost profitability within the next two years. The Director-General, SEC, Mr Lamido Yuguda in a statement noted that the Commission…
By Kayode Tokede The Securities and Exchange Commission (SEC) has expressed the need for the capital market to be strengthened to accelerate domestic production and employment given the direct correlation between increase in production and job creation. To achieve this,…
By Kayode Tokede The Securities and Exchange Commission (SEC) on Friday vowed to clamp down on illegal capital market operators, especially operators of Ponzi Schemes. The Director-General, SEC, Mr Lamido Yuguda, read the riot act to capital market operators at…
