SEC Archives — City Business News

March 27, 2025 No Responses

NNPCL Set For Initial Public Offer

The Nigerian National Petroleum Company Limited (NNPC Ltd) is at the final stage of getting listed in the capital market, in keeping with the provisions of the Petroleum Industry Act (PIA) 2021.This was disclosed by the Company’s Chief Finance and...

March 24, 2025 No Responses

SEC Nigeria To Clampdown On Unfit Market Operators

The Securities and Exchange Commission (SEC) has reaffirmed its commitment to ensure only fit and proper individuals are permitted to operate in Nigeria’s capital market to enhance investor protection. Speaking at the weekend in Abuja, SEC Dir...

March 16, 2025 No Responses

SEC Cancels Mainland Trust Registration, Suspends Centurion Registrars

The Securities and Exchange Commission (SEC) has announced the Cancellation of the Registration of Mainland Trust Limited and the suspension of Centurion Registrars.The Commission in separate circulars issued at the weekend said the sanctions were imposed foll...

March 6, 2025 No Responses

United Capital Investors Get N2.40K Total Dividend For 2024

For the year 2024, United Capital Plc (UCAP) attained Profit After Tax (PAT) of N24.10billion, compared to N11.42 billion recorded in 2023, representing 111.03 per cent increase.Building on a decade of consistent dividend payments, United Capital achieved a si...

March 3, 2025 No Responses

Uzoka-Anite Canvasses More Women Participation In Capital Market

As the world marks International Women’s Day, Nigerian women have been encouraged to explore investment opportunities in the capital market as a pathway to wealth creation.The Minister of State for Finance, Dr. Doris Uzoka-Anite, made this call during the of...

March 3, 2025 No Responses

SEC Nigeria To Boost Women’s Capital Market Literacy

As part of its its commitment to develop the capital market and increase participation among Nigerians, the Securities and Exchange Commission (SEC) has concluded plans to train selected women in capital market literacy through its training arm, the Nigerian C...

January 27, 2025 No Responses

Do Not Invest In Risevest, Stecs Cooperative Societies, SEC Warns

The Securities and Exchange Commission (SEC) has issued a warning to the public, advising against engaging in any investment-related transactions with Risevest (Victoria Island) Cooperative Multipurpose Society Limited and Stecs (Alausa) Multipurpose Cooperati...

January 23, 2025 No Responses

2025: ASAM Projects 39% ASI Growth On Bank Recapitalization, New Listings

For the year 2025, the Nigerian stock market is poised for significant growth, Arthur Steven Asset Management Limited (ASAM) has protected with a 39 per cent return on the All-Share Index (ASI).According to Olatunde Amolegbe, Managing Director, ASAM and former...

January 22, 2025 No Responses

SEC DG: Collective Investment Schemes Increased To N3tri In 2024

The Securities and Exchange Commission (SEC) on Wednesday disclosed that its Collective Investment Schemes increased to over N3 trillion in 2024.The Director General of the SEC, Dr. Emomotimi Agama who disclosed this during an interaction with reporters in Abu...

January 20, 2025 No Responses

SEC Sets January 31 Deadline For Registration Renewals

The Securities and Exchange Commission (SEC) has reminded Capital Market Operators (CMOs) to ensure that they renew their registration on or before January 31, 2025.The Commission said this in a circular issued recently to ask the operators to begin this...

December 23, 2024 No Responses

Capital Market Institute Unveils 2025 Training Calendar

The Nigerian Capital Market Institute (NCMI), the training subsidiary of the Securities and Exchange Commission (SEC), has unveiled its training calendar for 2025.The Managing Director of the Institute, Mr. Tunde Kamali who stated this in Abuja weekend, said i...

November 5, 2024 No Responses

SEC Takes Investor Clinic To Ibadan

The Securities and Exchbage Commission has announce that the Commission would be holding an Investor Clinic in Ibadan from November 7-8 2024.Director General of the Securities and Exchange Commission, Dr. Emomotimi Agama who stated this Tuesday in Abuja, said ...

November 4, 2024 No Responses

Oando Reports N60.3b Profit, N2.9tri Revenue In 2023

Oando Plc has reported a Profit After Tax (PAT) of N60.3 billion in its audited financials for the year ended December 31, 2023.City Business News online reports that within the period, the company recorded a 43 per cent increase in...