Capital Market Archives — Page 52 of 54

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...

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,...

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 ...

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...

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 ...

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 ...

May 24, 2019 No Responses

UAC Photo News

May 23, 2019 No Responses

SEC, NSE To Streamline Listing Modalities From June 1

The Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) on Thursday unveiled plans to make the modalities involving listing on the NSE more efficient and cost effective by streamlining the approval process between the SEC and the...

May 23, 2019 No Responses

Customers Win N59m In Access Bank’s DiamondXtra Savings Scheme

Access Bank Plc has rewarded about 1,016 with more than N59 million in its DiamondXtra season 11 quarterly draw prize presentation held yesterday at the bank’s headquarters in Lagos. According to the Bank, Mrs Nnenna Chukwu was the ...

May 22, 2019 No Responses

Emefiele In Benin, Assures On Single-Digit Interest For MSMEs

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has assured entrepreneurs set to commence operations at the Edo Production Centre, of the availability of favourable financing options. Emefiele, who spoke on Wednesday during a visit ...

May 21, 2019 No Responses

NSE Backs MTN On N40b Free Float Requirement, Premium Board Listing

By Moses Ebosele, ebosele@hotmail.com — MTN Nigeria met with the free float requirement of N40 billion. The free float of MTN Nigeria at the time of listing was in excess of N90 billion, the Nigerian Stock Exchange (NSE) clarified on...

May 20, 2019 No Responses

Rotary Honours NSE With Outstanding Company Award

The Nigerian Stock Exchange (NSE) has received “Rotary Outstanding Invaluable Company Award” from Rotary International District 9110, Nigeria, one of the 535 Districts that make up Rotary International worldwide. It comprises over 100 Rotary Clubs wit...

May 16, 2019 No Responses

SEC Boss To Nigerians: Beware, Loom Is A Ponzi Scheme

The Securities and Exchange Commission, SEC, has raised the alarm over the activities of some alleged online fraudsters, who are currently running an online investment scheme tagged ‘Loom Money Nigeria’.SEC explained that Loom Money Nigeria, is taking over...

May 16, 2019 No Responses

NSE Admits 20.35billion Shares Of MTN

The Nigerian Stock Exchange (NSE) has admitted by introduction 20.35 billion (20,354,513,050) ordinary shares of MTN Nigeria Communications Plc (MTN ) at N90 per share, on its Premium Board, on Thursday, May 16, 2019. MTN Nigeria, a part of the ...