The Minister of Finance, Mrs. Kemi Adeosun, today directed that Ms Mary Uduk should assume the position of Acting Director-General of the Securities and Exchange Commission (SEC) and also approved the re-assignment of some top officials. Uduk’s appointment and re-deployment of other top management staff may not be unconnected with the week’s conflicting directives from the commission […]
The Nigerian Stock Exchange (NSE) has explained why its earlier directive lifting the technical suspension earlier placed on Oando Plc’s shares was reversed and subsequently re-validated. The Exchange linked the conflicting directives to directives by the industry regulator, the Securities and Exchange Commission (SEC), The SEC had on Monday, through a letter directed the management […]
The Nigerian Stock Exchange (NSE) has announced plans to migrate Access Bank, Lafarge Africa, Seplat and United Bank for Africa (UBA) Plc to its Premium Board A statement issued by the NSE on the proposed initiative indicated that the four companies would be migrated to its Premium Board on 16th April following their fulfillment of […]
Trading activities in the nation’s stock market opened on a bearish trend with investors losing N234 billion, representing about 1.56 percent of total market capitalization on the first post-Easter holiday transactions. After the day’s trading, the market capitalization closed at N14.758 trillion compared to N14.992 trillion recorded last Thursday, March 29. Similarly, the All-Share Index […]
Trading on the Nigerian Stock Exchange (NSE) today sustained the previous day’s sluggish trend leading to a marginal drop in the All Share Index (ASI) shedding 46 basis points. While the Year-to-Date (YtD) returns stood at 8.50 per cent, the market capitalisation dipped by N14.89 billion at the close of the trading, just as market […]
Nigeria’s equity market opened on a sluggish note today with the benchmark indices of the All-Share Index (ASI) and market capitalisation dipped 0.2 percent apiece at the close of trading. Available report on the market by the Nigerian Stock Exchange (NSE) showed that the ASI closed at 43,056.51 having dropped 111.35 absolute points from 43,167.86 […]
The Securities and Exchange Commission (SEC) yesterday directed the consulting firm, Deloitte, to commence the forensic audit of the affairs of Oando Plc. Disclosing this during a media briefing in Abuja, the Acting Director General of the Securities and Exchange Commission (SEC), Abdul Zubair, said the directive was necessitated by the withdrawal of a […]
Indications that African economies are on the path of recovery have emerged with the latest findings showing substantial growths in major segments of the continent’s bourses in 2017 over the preceding year’s performances. The just published 2017 African Capital Markets Watch published by PricewaterHouseCoopers (PwC) reflected that African capital markets recovery in value and volume […]
The Securities and Exchange Commission (SEC) has said that it aims to achieve increased level of financial inclusion of Nigerians by the year 2020.