The capital market in Nigeria has been described as important to the economy of the nation as it is capable of providinggovernment the much needed revenue for infrastructural development. This was stated by the Chairman of the Senate Committee on Capital Market, Senator Ibikunle Amosun during the budget defense exercise...
Dangote Industries Limited (“DIL” or the “Group”), one of the leading, diversified and fully integrated conglomerate in Nigeria and Africa, is pleased to announce the successful completion of its ₦187.6bn Series 1 Bond Issuance (the “Transaction”), which is the largest corporate bond ever issued in the history of the...
In a bid to fully digitalise operations of the Nigerian capital market, the Securities and Exchange Commission (SEC) is proposing some guidelines that will enable investors in the capital market to be able to do virtually everything they need to do on their internet-enabled appliances and at their convenience. These...
The Securities and Exchange Commission (SEC) has again restated the need for capital market operators to maintain professionalism and good ethical conduct in the discharge of their duties. The Director General of the SEC, Mr. Lamido Yuguda who stated this during a meeting with the Chartered Institute of Stockbrokers in...
The Securities and Exchange Commission is seeking to collaborate with the Ministry of Mines and Steel Development to address some of the challenges faced by the solid minerals sector through the Commodities Exchanges. This was stated by Director General of the SEC, Mr. Lamido Yuguda during a meeting with the...
The Securities and Exchange Commission (SEC) is to register and actively monitor brokers selling stocks for foreign companies in furtherance of its mandate of ensuring investor protection and market transparency especially for retail investors. This was disclosed by Executive Commissioner Operations of the SEC, Mr. Dayo Obisan during an interview...
Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), has announced its announces its unaudited results for the three months ended 31 March 2021, recording a rise in revenue by 16.8 per cent...
The Standards Organisation of Nigeria (SON), has said that plans are underway to commence full scale enforcement to rid the country of substandard steel products Mr Farouk Salim, the Director-General of SON, made the statement on Tuesday at a meeting with South-South and South East region of Steel manufacturers and...
The Independent Corrupt Practices and Other Related Offences Commission, ICPC, has dragged about 2,000 corporate entities into the country’s tax net, Chairman of the Commission, Prof. Bolaji Owasanoye, SAN, has revealed. The ICPC chief made this known on Tuesday in Abuja while responding to questions from journalists at the end...
The Securities and Exchange Commission has again urged investors in the capital market to register for e-dividend so that they can receive the benefits of their investments in the capital market. This was stated by Executive Commissioner Operations of the SEC Mr. Dayo Obisan during an interview in Abuja, weekend. e-Dividend...