Finance minister explains timing of Gwarzo’s suspension
The integrity of the nation’s capital market was the major consideration for the timing of the suspension of Director General of the Securities and Exchange Commission (SEC), Mounir Gwarzo. Gwarzo, who was queried by the Ministry of Finance on November 3, 2017 responded on November 7, 2017, even as his response was unsatisfactory. There was…
Government suspends SEC boss, others over alleged impropriety
The Ministry of Finance yesterday suspended the director-general of the Securities and Exchange Commission (SEC), Mounir Gwarzo, over alleged...
SEC urges shareholders to key into capital market initiatives
The Securities and Exchange Commission (SEC) has enjoined all shareholders to take advantage of the initiatives introduced in the capital market aimed primarily at strengthening the market and accelerating economic development.
Investors worried about N10 million fraud allegations against SEC
Stock market investors have expressed concern over the alleged N104million fraud levelled against the Director General (DG), Securities and Exchange Commission (SEC), Mounir Gwarzo, saying that such crisis would definitely have a multiplier effect on market.
Regulatory lapses threaten efforts to restore investors' confidence
Regulators' poor handling of infractions and enforcement of discipline among operators has been blamed for the recent scandal involving over N10billion, through the diversion and misappropriation of funds by Partnership Securities Limited (PSL), and its subsidiary companies – Partnership Investment Company Plc; Life Care Partners Limited; and SBDC Microfinance Bank Limited. Investors also believe that…
Equities’ investors seek review of penalties on listed firms
SEC Director-General, Mounir Gwarzo, said that the World Investor Week (WIW) was a week set aside for educating investors on their rights.
SEC adopts measure to tackle multiple subscriptions
Equities regulator, the Securities and Exchange Commission (SEC) has announced that capital market investors with multiple subscriptions for the same public offer may forfeit...
Mandatory DCS to reduce illegal sale of shares, others
To checkmate cases of infractions in the nation’s capital market, the Securities and Exchange Commission (SEC) has announced that Direct Cash Settlement (DCS) policy would be made mandatory for all market investors’ effective Sept. 1, 2017.