Securities and Exchange Commission
MTN’s $236 million offering in Ghana falls short of target
MTN Group’s unit in Ghana raised 1.1 billion cedis ($236 million), selling about a third of the shares made available in an initial public offering, according to a document seen by Bloomberg
Amid bearish results, hope rises for stock market with demutualisation
The loss of N2.49 trillion in seven months by investors in the nation’s bourse is the unsavoury news coming out of the Nigerian Stock Exchange (NSE). The loss, amounting to 15.64 per cent between January and July, has been attributed to political uncertainty in the country by development experts. Available data shows that the market…
SEC’s double standards and investors’ waning confidence
Going by a popular cliché, “One-man show is a show of arrogance” and that is the modus operandi of the capital market regulator- Securities and Exchange Commission...
Securities and Exchange Commission to streamline issuing process
The Securities and Exchange Commission (SEC) has unveiled plans to streamline the entire issuing process, as a measure to incentivise issuers to raise more funds from the nation’s capital market.
Teleology Holdings to conclude 9Mobile transaction tomorrow
The 90-working days given Teleology Holdings to conclude the deal for take-over of 9Mobile would lapse tomorrow as the telecommunications industry eagerly awaits a new dawn for the troubled firm. Although, there have not been any formal notifications from the regulators to confirm payment of the outstanding $251 million, sources close to Teleology said the…
Again, SEC warns Nigerians to desist from investing in Ponzi schemes
The Securities and Exchange Commission (SEC) has again warned Nigerians against investing in schemes that offer unreasonable returns and not approved by the commission.The Acting Director-General of SEC, Ms. Mary Uduk while speaking on current initiatives to move the market forward during a Town Hall ....
Lawmakers to hold capital market stakeholders’ forum
The Senate and House of Representatives’ Committees on Capital Market and Institutions, Securities and Exchange Commission and other Regulatory Agencies, are set to hold the second biennal Stakeholders’ Forum on the Capital Market on Monday, July 23.
SEC reassures foreign investors of dynamic, transparent market
The Securities and Exchange Commission (SEC) Nigeria, has assured foreign investors of the safety of their investments in the Nigerian capital market.Disclosing this when representatives of JP Morgan and Stanbic IBTC visited the commission in Abuja..
Victims of N4 billion ‘wonder bank’ fraud case deplore constant adjournments
Victims of the N4 billion Enugu financial scam allegedly committed through a ‘Wonder Bank” yesterday lamented the continuous adjournment of the case.
SEC seeks fiscal incentives for listed firms to deepen market
The Securities and Exchange Commission (SEC) has advocated some measures of fiscal incentives for listed companies on the Nigerian Stock Exchange (NSE) in order to mitigate their cost burden and encourage more entities to list shares on the bourse.