The Securities and Exchange Commission (SEC) Nigeria on Tuesday sealed the office of Stockmatch Investments Ltd in Maiduguri, Borno State, for allegedly engaging in illegal investment activities. In a statement issued by the commission on the regulatory action, it disclosed that the sealing of the firm’s premises was in furtherance of its commitment to ensure […]
The Securities and Exchange Commission (SEC) Nigeria announced that the newly redesigned electronic Dividend Mandate Management System platform would be inaugurated on July 31. The e-DMMS portal utilises the Nigeria Inter-Bank Settlement System Plc robust Document Management System to which completed e-Dividend Mandate Forms filled by the investor could be uploaded. The commission’s Director-General, Mr […]
The Securities and Exchange Commission (SEC) Nigeria has stressed the need for more investments, especially from the organized private sector (OPS), to boost trading in the nation’s commodities ecosystem. The SEC Director-General, Mr. Lamido Yuguda, made this remark during a media chat shortly after the commissioning of the 32 metric tonnes per hour Lagos Rice […]
The Senate Committee on Finance has commended the Securities and Exchange Commission (SEC) Nigeria on its efforts to operate profitably and charged the leadership to explore ways to further deepen the capital market in a bid to attract more local investors especially young Nigerians. Chairman of the Committee, Senator Solomon Olamilekan Adeola, gave the commendation […]
The Director General of the Securities and Exchange Commission (SEC) Nigeria, Mr. Lamido Yuguda, has described the agricultural sector as key to current efforts by the Nigerian government diversify the nation’s economy in view of the sector’s job creation and other socio-economic benefits. Yuguda made this remark at the 26th Annual Stockbroker’s Conference with the […]
…to launch revised Capital Market Masterplan in November The Securities and Exchange Commission (SEC) Nigeria has urged the Federal Government to consider its proposal to exempt corporate bonds from the payment of tax. The Director-General of the commission, Mr. Lamido Yuguda made the plea at the weekend during a press briefing on the outcome of […]
The Director General of the Securities and Exchange Commission (SEC) Nigeria, Mr. Lamido Yuguda, has said that efficient functioning of capital markets in the West African Region requires a regular assessment of policies and programmes to fit current realities, and address the region’s peculiar challenges. The Director General made this remark during the West African […]
The Securities and Exchange Commission (SEC) Nigeria has said that the Identity Management System being developed by the capital market will tackle the lingering identity management issues while allowing room for scalability as technology evolves. Director General of the SEC, Mr. Lamido Yuguda, gave this assurance when he received members of the Committee on Identity […]
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 […]