SEC dismisses prosecution over multiple subscription accounts
The Securities and Exchange Commission (SEC) has dismissed fears of prosecution over investors’ multiple subscription accounts, urging Nigeria to take steps towards regularising their multiple subscription accounts in order to derive the benefits of their investments.
SEC urges interest in collective investments, others to reduce risk
Retail investors in the capital market have been advised to invest in collective investment schemes and mutual funds to help reduce risk.
SEC, stakeholders reiterate commitment to developing nation’s bourse
The Securities and Exchange Commission (SEC), in collaboration with other stakeholders have adopted strategies to improve key areas in the capital market, especially investor protection and enlightenment campaigns, to enable the market play a dominant role in economic development.
Regulators harp on financial inclusion, good corporate governance, others
The Securities and Exchange Commission (SEC) has restated its resolve to pursue initiatives that would aid financial inclusion in Nigeria and grow the economy.
Petra MFB hopeful of attaining CBN’s N200m recapitalisation benchmark
Following the recent order by the Central Bank of Nigeria (CBN), mandating all Micro Finance Banks (MFB) to raise their capital base to a minimum of N200 million, Petra MFB has assured its customers that it was already working towards surpassing the minimum recapitalisation. The bank made the disclosure at its 10th anniversary and yearly…
Yobe earmarks N5.6 billlion to complete airport project, others
Yobe State Executive Council (SEC) has earmarked N5.613 billion for the completion of an international cargo airport and ongoing projects in the education and health sectors. The Commissioner for Education, Mohammed Lamin, disclosed this while briefing journalists on the SEC meeting held at Government House, Damaturu. He said that the meeting, after deliberations, resolved to…
Senate pledges to encourage investments in capital market
Deputy Chairman of the committee, Foster Ogola, made the pledge in Abuja when its members visited the Securities and Exchange Commission (SEC)’s Head Office...
SEC to tackle identification theft in capital market
Worried about the increasing level of identity theft in the nation’s capital market, the Securities and Exchange Commission (SEC), said yesterday it was currently working...
‘We must step up regulations for technology-driven process’
There are three issues here- the global risk; Sub Saharan Africa’s debt; and stock market performance in Nigeria. In terms of global risk, the major ones increase in interest rate in advanced countries, especially in the United States.
FGN bonds market rises by 22.20%, hits N16.9 trillion
The Association of Issuing Houses of Nigeria (AIHN), has announced that the total value of trading in the FGN Bonds market rose by 22.20 per cent to N16.877 trillion in 2017, from N13.811 trillion achieved in the corresponding period in 2016. Also, numbers of deals within the same period grew from 50,427 to…