Shareholders under the aegis of the New Dimension Shareholders Association of Nigeria have commended the Securities and Exchange Commission (SEC) for rejecting the company’s request for its major shareholder, PZ Cussons (Holdings), to buy out minority shareholders and delist from the Nigerian Exchange Limited (NGX). According to a corporate Notice by PZ Cussons (Holding), the […]
The Director-General of the National Pension Commission (PenCom), Aisha Dahir-Umar, has defended investments made by Pension Funds Administrators (PFAs) under the Contributory Pension Scheme (CPS) as investments in Federal Government of Nigeria’s (FGN’s) securities rather than loans to government. She, therefore, refuted the milling rumour in the public space that the Commission gave N10 trillion […]
The Nigerian Exchange Limited (NGX) has projected that 2022 would witness significant investment in digital transformation and market sustainability. The projected investment in digital transformation and market sustainability was one of the high points and priority areas of the market for the year listed by the NGX at its annual 2021 Market Recap and 2022 […]
The Securities and Exchange Commission (SEC) has said that Nigeria’s huge budget deficit could be funded by harnessing available finance windows from sustainable finance investors and canvassed increased green bond issuances to tackle the country’s infrastructure deficit. The Director General of the commission, Mr. Lamido Yuguda, made these recommendations on Monday at the hybrid launch […]
MTN Nigerian Communications Plc (MTN Nigeria), one of Nigeria’s Mobile Network Operators (MNOs), has obtained the approval of the Securities and Exchange Commission (SEC) to launch Series II 10-Year Fixed Rate Bond. A notice issued the telecom operator’s Company Secretary, Uto Ukpanah, and sent to the Nigerian Exchange Group (NXG) indicated that the Series II Bond […]
The Nigerian Stock Exchange (NSE) has secured the final approvals of the Securities and Exchange Commission (SEC) and Corporate Affairs Commission (CAC) for its demutualisation plan, thereby concluding the Plan’s processes which commenced about two years ago. With the approved demutualisation plan, the NSE has now transformed to a new non-operating holding company, the Nigerian […]
The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, on Tuesday stoutly justified its monetary’ policy forbidding crypocurrencies transactions in Nigeria, saying trading in the virtual assets is illegal and has no place in Nigeria’s monetary system. Emefiele, who re-affirmed the apex bank’s policy stance against the virtual currencies when he appeared before […]
L-R: Chief Executive Officer, Stanbic IBTC Bank, Dr Demola Sogunle; the Bank’s Country Head Public Sector, Hajia Hauwa Bello and Director General, Securities and Exchange Commission, Mr. Lamido Yuguda; during a meeting between SEC and Stanbic IBTC Bank in Abuja
L-R: Director General Securities and Exchange Commission (SEC), Mr. Lamido Yuguda; member, Senate Committee on Capital Market; Sen Oseni Yakubu; and Executive Commissioner Corporate Services SEC Mr. Ibrahim Boyi during a meeting between the Senate Committee and the SEC in Abuja.
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 […]