The Securities and Exchange Commission, SEC has restated its preparedness to collaborate with the National Information Technology Development Agency, NITDA in a bid to foster safe conduct of transactions and usage of personal data in the Nigerian capital market. Director General of the SEC, Mr. Lamido Yuguda stated this during...
The Securities and Exchange Commission, SEC has reminded regulated entities in the capital market to continue to make adequate disclosures on the impact of COVID-19 on their businesses. This was contained in a circular by the Commission to provide update to stakeholders within the Capital Market, Monday. According to the circular,...
Coca-Cola Nigeria launches a new campaign, “Open Like Never Before”, its first since COVID-19 changed the world in so many ways. Coca-Cola in Nigeria temporarily suspended all planned marketing activity in April, redirecting resources towards communities and supporting its most affected retail partners. Alongside its bottling partners and The Coca-Cola Foundation,...
The market capitalisation of the Nigerian Stock Exchange (NSE) on Thursday advanced by N26 billion to hit N13 trillion mark. Specifically, the market capitalisation closed higher at N13.005 trillion compared with N12.979 trillion recorded on Wednesday. In the same vein, the All-Share which opened at 24,882.04 improved by 48.30 points or...
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...
The Nigerian Ports Authority (NPA) says it is expecting 17 ships laden with petroleum products, food items and other goods from July 29 to Aug. 7. The NPA made this known in its publication, `Shipping Position’, a copy of which was made available to the News Agency of Nigeria (NAN)...
The continued implementation of the Ten-year Capital Market Master Plan will be one of the major focus of the new management of the Securities and Exchange Commission (SEC). Yuguda resumed on Monday July 6 alongside the Executive Commissioners namely: Reginald Karawusa, Ibrahim Boyi and Dayo Obisan. The new management team brings...
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...
The Central Bank of Nigeria (CBN) on behalf of the Debt Management Office (DMO) has offered Nigerians N197 billion treasury bills of 91, 182 and 364 days tenor respectively on August 27, 2020. In a publication signed by the Government Security office of the apex bank yesterday in Abuja, it...
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...