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SEC, Stakeholders To Parley On Commodities Trading Eco-System

The Securities and Exchange Commission (SEC) on Sunday hinted that it would hold a stakeholders’ forum on the nation’s Commodities Trading Eco-system in furtherance its efforts to deepen the nation’s capital market through a vibrant commodities exchange. The Acting Director General of the commission, Ms. Mary Uduk, stated that the forum, which is scheduled to […]

Economy News Extra Investments/Capital Market Latest News Manufacturing Picture Speaks

During a Meeting With The Minister Of State, Federal Ministry Of Industry, Trade And Investment, Ambassador Mariam Yelwaji Katagum, In Her Office In Abuja

L-R: The Minister of State, Federal Ministry of Industry, Trade and Investment, Ambassador Mariam Yelwaji Katagum; the Technical Partner and Chief of Operations, Crimson Gate Consulting Company, Mr Brent Dyke; and Director, Horizon Metals Limited, Alhaji  Munir Umar, during a meeting with the minister in her office in Abuja

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SEC Plans Investment Enlightenment Forum For Nigerian Army Corps

In furtherance of investor education programme for the nation’s investment publics, the Securities and Exchange Commission (SEC) has concluded plans to organize some enlightenment programmes for the Nigerian Army Ordnance Corps. The commission’s Head, Lagos Zonal Office, Mr. Stephen Falomo, gave this hint during a meeting between the Commission and Corps Commander, Nigerian Army Ordnance […]

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Capital Market Key To Nigeria’s Sustainable Development – SEC Boss

The acting Director General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk, on Wednesday restated the strategic roles of the nation’s capital market in the current drive towards properly positioning Nigeria’s economy on a stable and sustainable growth path. Specifically, the investment expert, who made the remarks during the opening ceremony of a […]

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FMDQ OTC Transforms To Full-Fledged Securities Exchange

FMDQ OTC Securities Exchange has announced its change from an OTC Market to a full-fledged securities exchange following necessary approvals by the nation’s capital market regulator, the Securities and Exchange Commission of its application to the effect. The company, which was also previously known as FMDQ OTC Plc, is now known as FMDQ Securities Plc. […]

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SEC Urges Investors To Update Accounts With Ownership Proofs

The Securities and Exchange Commission, SEC, has urged investors in the nation’s capital market to provide proofs of ownership to facilitate the regularization of their accounts and help curb the increasingly worrisome rate of unclaimed dividends in the market. The Acting Director General of the SEC, Ms Mary Uduk, gave the advice at a One-Day […]

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Transcorp Plc Wins Afam Power GenCo Bid

Transnational Corporation of Nigeria Plc, (Transcorp Plc) has been named the preferred bidder for Afam Electricity Generation Company (GenCo) in furtherance of government’s efforts to increase electricity generation through private sector investments. Transcorp was successful with its offer of N105.3 billion (about $293 million) for the power plant, which operates a natural-gas fired power plant […]

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UK Targets New Investments In Nigeria, Ghana Others

The United Kingdom is revving up its investment drives in Nigeria and other Africa countries, including Francophone countries, as its planned exit from the European Union (EU) continues to gain traction by the day A statement from the Foreign and Commonwealth Office on Tuesday showed that the Foreign Secretary, Jeremy Hunt, is visiting Francophone Senegal, […]

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Shareholders Commend FCMB Board, Mgt On Impressive Performance, Dividend Declaration

Shareholders of FCMB Group Plc have commended the Board, management and staff of the financial institution for recording another impressive performance in 2018 in spite the challenging macroeconomic and regulatory environment. The commendation was given at the 6th Annual General Meeting (AGM) of the Group held on April 26, 2019 in Lagos. At the meeting, […]

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Gwarzo regrets roles in contract award abuses at SEC – Panel

The suspended Director General of the Securities and Exchange Commission (SEC), Mallam Mounir Gwarzo, was reported to have regretted his roles that enabled Medusa Limited, a company he and members of his wife’s family owned, to benefit from contract awards at the commission during his tenure. Specifically, he was quoted by the Administrative Panel of […]