Security and Exchange Archives — City Business News

October 16, 2024 No Responses

Access Bank Reaffirms Commitment To War Against Illicit Drug Trafficking, Money Laundering

Access Bank Plc has reinforced its dedication to the fight against illicit drug trafficking and money laundering, committing to a closer partnership with the National Drug Law Enforcement Agency (NDLEA). The bank made this commitment at the formal decoration of...

April 8, 2024 No Responses

NGX Group Acquires Stake In Ethiopian Securities Exchange

Nigerian Exchange Group Plc (NGX Group) has announced what it described as “a significant investment” in the Ethiopian Securities Exchange (ESX). A statement issued at the weekend explained that NGX Group is among the top institutional investors that...

May 9, 2022 No Responses

SEC Nigeria Proposes Full Digital Capital Market

As part of measures to fully digitalise operations of the Nigerian capital market, the Securities and Exchange Commission (SEC) is proposing some guidelines that will enable investors virtually do everything they need to do on their internet-enabled appliances...

February 21, 2022 No Responses

Photo News

L-R: Executive Commissioner Operations, Securities and Exchange Commission Mr Dayo Obisan, Director General SEC Mr Lamido Yuguda and CEO Nigerian Exchange Limited (NGX) Mr Temi Popoola during a Meeting between The SEC and NGX in Lagos at the ...

December 17, 2021 No Responses

SEC Begins Regulatory Fee On Fixed Income Transactions Jan 1

The securities and Exchange Commission is to commence regulatory fee on fixed income (Bonds) secondary market transactions with effect from January 1, 2022. This was contained in a Circular dated December 15, 2021 and signed by the Management of the S...

December 8, 2021 No Responses

How To Tackle Unclaimed Dividends Through Identity Management, By SEC DG

The Securities and Exchange Commission (SEC) has disclosed that the Commission is engaging relevant stakeholders in a bid to resolve issues of identity management which will assist in solving the rising unclaimed dividends in the capital market as well as...

November 19, 2021 No Responses

SEC, SON Sensitize Stakeholders On Benefits Of Commodities Exchanges

Commodities Exchanges has been described as critical to enabling investment diversification, risk management, price discovery and transactional efficiency which will, in turn, create jobs and facilitate economic development among other benefits. The Director...

September 6, 2021 No Responses

SEC To Reduce Cost, Assures Of Profitability In Two Years

The Securities and Exchange Commission 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 who said this in Abuja, also noted that the Commission has been...

August 5, 2021 No Responses

SEC: Securities Issuers Forum will aid market Development

The Director-General, Securities and Exchange Commission (SEC), Mr Lamido Yuguda, has expressed optimism that the Securities Issuers Forum (SIF) will aid the development of the capital market and the economy. Yuguda made the assertion in his opening address ...

July 13, 2021 No Responses

SEC Nigeria Proposes N10m Registration Fees For Issuing Houses, Others

The Securities and Exchange Commission (SEC) has proposed N10 million registration fee for issuing houses, underwriters and fund managers from the current fee of N500,000. The commission stated this in a document titled, “Exposure of proposed new rule ...

June 3, 2021 No Responses

FMDQ Admits Union Bank N34.96b CPs

FMDQ Securities Exchange Ltd on Wednesday approved the quotation of Union Bank of Nigeria Plc N2.58 billion Series 8 and N32.38 billion Series 9 Commercial Papers (CPs). The Chief Executive Officer of the Bank, Mr Emeka Okonkwo, in a statement...

May 24, 2021 No Responses

SEC Nigeria Adopts Sustainable Finance Guidelines For CMOs

The Securities and Exchange Commission (SEC) has adopted the Nigerian Sustainable Finance Principles (NSFP) which was developed by the Financial Services Regulation Coordinating Committee (FSRCC) for Capital Market Operators (CMOs). A statemen...

April 28, 2021 No Responses

SEC Nigeria, FSD Africa To Develop ICT Transformation Strategy

The Securities and Exchange Commission (SEC) with the support of FSD Africa is to develop an Information Communication and Technology (ICT) transformation strategy to improve market regulatory efficiency. A document published on the commission’s websit...

August 3, 2020 No Responses

SEC Capital Market Institute Expands Operations

The Nigerian Capital Market Institute (NCMI) is poised to enhance the market development role of the Securities and Exchange Commission (SEC) by providing excellent capital market education to stakeholders, Managing Director of the Ins...