Category: Capital Market/Banking

SEC Suspends Oando’s AGM
June 10, 2019 No Responses

SEC Suspends Oando’s AGM

The Securities & Exchange Commission (SEC) has suspended the 2019 annual general meeting of oando plc earlier scheduled to told Tuesday, June 11th, 2019.In a statement on Monday morning, SEC said that, “further to the Ex-parte Order of the Federal...
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Ecobank At London Stock Exchange, Lauds Successful Listing of $500m Eurobond
June 8, 2019 No Responses

Ecobank At London Stock Exchange, Lauds Successful Listing of $500m Eurobond

Following its successful $500 million Eurobond issuance, Ecobank Transnational Incorporated (‘ETI’), the Lomé-based parent company of the Ecobank Group, was hosted by the London Stock Exchange to a market opening ceremony to celebrate the successful listi...
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Emerging Market Regulators Issue Recommendations On Sustainable Finance
June 6, 2019 No Responses

Emerging Market Regulators Issue Recommendations On Sustainable Finance

Securities regulators from growth and emerging markets on Wednesday  published a report that sets forth recommendations related to the development of sustainable finance in emerging markets and the role of securities regulators in this area.  IOSCO´...
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Capital Market Operators seek Govt’s Intervention In Oando, SEC Crisis
June 6, 2019 No Responses

Capital Market Operators seek Govt’s Intervention In Oando, SEC Crisis

Capital market operators on Wednesday called for urgent intervention of the Federal Government in the conflict between the Securities and Exchange Commission (SEC) and Oando Plc. They made the call in interviews with the News Agency of Nigeria (NAN) in...
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NIWA Seals MoU With NEXIM Bank, Sealink
June 3, 2019 No Responses

NIWA Seals MoU With NEXIM Bank, Sealink

Nigeria Inland Waterways Authority (NIWA), Nigeria Export-Import Bank (NEXIM) and SEALINK Promotional Company have signed a Memorandum of Understanding (M.O.U.) that recognizes the pivotal role of Inland Waterways in national economic development.  A stat...
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Sunmonu, Ex-Shell Boss To Oversee Oando’s Interim Management Team
June 2, 2019 No Responses

Sunmonu, Ex-Shell Boss To Oversee Oando’s Interim Management Team

The crisis rocking Oando Plc took a new dimension on Sunday as the Securities and Exchange Commission (SEC) appoints an interim management team for the company.  According to SEC, the management team headed by Mr. Mutiu Olaniyi Adio Sunmonu CON,...
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SEC, EFCC, Seek Prosecution Of Capital Market Offenders, Repatriation Of Stolen Funds
June 2, 2019 No Responses

SEC, EFCC, Seek Prosecution Of Capital Market Offenders, Repatriation Of Stolen Funds

The Securities and Exchange Commission (SEC) and the Economic and Financial Crimes Commission (EFCC) have agreed to collaborate in combating crime in the Nigerian capital market.This agreement was reached when the Management of the SEC met with the Management ...
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E-Payments In Nigeria Hit N34.02 Trillion In Q1
June 2, 2019 No Responses

E-Payments In Nigeria Hit N34.02 Trillion In Q1

A total of 557,083,712 electronic-payment transactions valued at N34.02 trillion were recorded in selected banks across the country in the first quarter, 2019, Nigeria’s statistics bureau has said. The National Bureau of Statistics (NBS) said this in a repor...
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SEC Alleges Serious Infractions At Oando, Directs Wale Tinubu, Others To Resign
May 31, 2019 No Responses

SEC Alleges Serious Infractions At Oando, Directs Wale Tinubu, Others To Resign

The Securities and Exchange Commission, SEC, has concluded investigation of Oando Plc and directed among others the resignation of affected Board Members. The commission in a statement on Friday also barred the Group Chief Executive Officer (GCEO), Wale T...
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Heritage Bank Empowers ‘Tech Start-Ups’ Winners With $40,000 Grants
May 30, 2019 No Responses

Heritage Bank Empowers ‘Tech Start-Ups’ Winners With $40,000 Grants

As part of its efforts to support Nigeria’s aspiration and roadmap to become a leading Information Communication Technology (ICT) Hub in Africa, Heritage Bank Plc, Nigeria’s most innovative banking service provider has doled out $40, 000 grants to winners ...
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‘Investors’ To Get Refund As SEC Begins Verification Of Dantata Success
May 30, 2019 No Responses

‘Investors’ To Get Refund As SEC Begins Verification Of Dantata Success

The Securities and Exchange Commission (SEC) has concluded plans to commence a verification exercise for Nigerians who “invested” monies with Dantata Success and Profitable Company, Kano. According to the SEC, as part of the arrangements to commence a refu...
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CBN Lifts Forex Market With $205m
May 29, 2019 No Responses

CBN Lifts Forex Market With $205m

The Central Bank of Nigeria (CBN) on Tuesday, May 28, 2019, injected the sum of $205 million into the inter-bank Foreign Exchange Market, in its continued push to sustain liquidity in the sector. Figures obtained from the CBN indicated that...
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NSE Donate N1Om To Maisandari Alamderi Model Nursery And Primary School
May 29, 2019 No Responses

NSE Donate N1Om To Maisandari Alamderi Model Nursery And Primary School

The Nigerian Stock Exchange (NSE) has donated  N10 million to Maisandari Alamderi Model Nursery and Primary School, located in the Abuja Talakawa District of Maiduguri.    According to NSE, the donation is in fulfilment of the Exchange’s commi...
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Photo News
May 27, 2019 No Responses

Photo News

Photo News:  L-R,  Head of Department,  Securities and Investments Services, Securities and Exchange Commission Mr Abbas Abdulkadir, Head of Department, Legal Department SEC Mrs Anastasia Braimoh, Managing Partner, Perchstone and Graeys Mr ...
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