The Securities and Exchange Commission (SEC) Nigeria has restated its commitment to ensuring that technology continues to play a major role in its sustained and other stakeholders’ collaborative initiatives to ensure that the nation’s capital market attains its full potential. The commission’s Director General, Mr. Lamido Yuguda, made this promise during a meeting at the […]
The Securities and Exchange Commission (SEC) Nigeria on Thursday disclosed that it was enhancing strategies to collaborate with other agencies on a sectoral strategy to deal with cybersecurity threats in the nation’s capital market. The Director-General of the commission, Mr. Lamido Yuguda made this disclosure when speaking with journalists on the development which was one […]
The Board of Directors of Saudi Re, the first reinsurance company established in Saudi Arabia, has recommended a 50% increase in the company’s capital to SAR 1.336 billion (approx. USD 356m) through a rights issue. A news report by Reinsurance News indicated that currently, Saudi Re’s capital stood at SAR 891 million (approx. USD 238m) […]
The Debt Management Office (DMO) on Monday offered two Federal Government of Nigeria’s (FGN’s) savings bonds for subscription at N1,000 per unit. The Office, in a circular on its website, stated that the issuance would be opened on April 4 and run until April 8.. The offer comes at N1,000 per unit subject to a […]
The Securities and Exchange Commission (SEC) has announced that its first Capital Market Committee (CMC) meeting in 2022 will virtually hold tomorrow to appraise Fintech Roadmap and other issues covered in its 10-Year Capital Market Master Plan (CMMP). The meeting is expected to feature key stakeholders in the capital market who will deliberate on issues […]
Tesla CEO, Elon Musk, has taken a 9.2% stake in Twitter, purchasing approximately 73.5 million shares, According to a regulatory filing on Monday, Musk’s stake in Twitter is considered a passive investment, which means Musk is a long-term investor that’s looking to minimize his buying and selling of the shares. A news report by BusinessPlus, […]
The Federal Government on Monday blamed Nigeria’s inability to explore the revenue opportunities of the current rising crude oil prices in the international market on prolonged years of neglect of the nation’s hydrocarbon resources industry. The Minister of Information and Culture, Alhaji Lai Mohammed, who made this remark at a media briefing in Abuja, lamented […]
The Securities and Exchange Commission (SEC) Nigeria has announced its intention to collaborate with the Ahmadu Bello University, Zaria, to further deepen the Nigerian capital market’s operations through investment training programmes. The Director General of the commission, Mr. Lamido Yuguda, expressed this desire when the Vice Chancellor of the tertiary institution, Prof Kabiru Bala, led […]
The management of the Securities and Exchange Commission (SEC) Nigeria has assured staff of its commitment to ensuring industrial peace and harmony in its operations. The commission’s Executive Commissioner, Corporate Services, Mr. Ibrahim Boyi, gave this assurance on Thursday while addressing protesting members of staff of the SEC at the Commission’s headquarters in Abuja. The […]
The Securities and Exchange Commission (SEC) Nigeria has sealed the premises of Oxford International Group/Oxford Commercial Services, Farmforte Agro Allied Solutions Limited/Agro Partnerships as well as Vektr Capital Investment/Vektr Enterprise for illegally engaging in capital market activities. The commission disclosed on Monday that the offices of the companies in Lagos, Port Harcourt and Abuja were […]