L-R,  Head, Finance and Accounts Securities and Exchange Commission,  Mr Frank Aul, Executive Commissioner Corporate Services, SEC, Mr Ibrahim Boyi and Executive Commissioner Operations, SEC,  Mr Dayo Obisan during SEC appearance before the Senate Committee on Finance at the National Assembly Abuja Recently. In a bid to ensure the nation...
The National Metrology Institute (NMI) of the Standards Organisation of Nigeria (SON) has taken delivery of additional weight standards to boost the ongoing calibration of various weighbridges in use in the country. A statement from the office of the Director General, SON, Mallam Farouk Salim disclosed that the investment is...
The Federal High Court sitting in Abuja has adjourned to April 15, 2021 the case between the Federal Government of Nigeria and Dantata Success and Profitable Company and four others. The company and its promoters were last year charged before the Federal High Court in Abuja for investment fraud amounting...
The Securities and Exchange Commission has released general rules for Collective Investment Schemes prescribing that all units/securities of a collective investment scheme shall be registered by the Commission. The Rule which is on the Commission’s website, also states that all units/securities subject to registration by the Commission may be offered...
The Securities and Exchange Commission has stated that about N29bn of unclaimed dividends have been claimed by investors through the introduction of regularisation of multiple accounts. The SEC introduced the regularisation of multiple accounts in 2015 where it requests all shareholders with multiple accounts to harmonise their accounts by filing...
Financial Sector Deepening (FSD) Africa and the Securities and Exchange Commission, Nigeria (SEC Nigeria) have today signed a co-operation agreement that will see FSD Africa provide technical assistance to support SEC Nigeria’s digital transformation and its capacity to regulate and develop Nigeria’s capital markets. The transformation will see SEC Nigeria’s...
The Chairman and Members of the Investment and Securities Tribunal have been urged to diligently work together to discharge the responsibilities of the tribunal. This was stated by the Minister of Finance, Budget and National Planning, Mrs. Zainab Shamsuna Ahmed, on the occasion of the swearing–in in Abuja of Barrister...
Investigations have revealed that Bara Finance and Investment Company Limited may be operating as a Ponzi scheme, as the the company is not listed among the registered Capital market operators registered by the Securities and Exchange Commission (SEC). The Company promises a return of 15% to investors on Six month...
The dollar is set to crash to N386 as the Central Bank of Nigeria (CBN) announced it will begin the sales of foreign exchange to operators of the Bureau De Change (BDC) from Monday. CBN had stopped the forex sales for about four months. But in a circular on Thursday,...
The Assets Management Corporation of Nigeria (AMCON) has seized the assets of Northrich Technologies Limited Company for the default in repaying about N500 million loan since 2011 windows for that was opened to it. According to a statement by AMCON on Wednesday, the promoters of the firm include Alhaji Mukhtar...