Our merger plans with Dangote Sugar/Rice suspended over comments, recommendation of SEC – NASCON
April 19, 2024 Nascon Allied Industries Plc (NASCON) says it has suspended its proposed merger with Dangote Sugar Refinery Plc and Dangote Rice Ltd. Mr A. A. Samuel, Company Secretary,…
SEC intensifying strategy to reduce N190bn unclaimed dividends
March 7, 2024 The Securities and Exchange Commission (SEC) says it is intensifying efforts to reduce the level of unclaimed dividends in the nation’s capital market. A statement by the…
NOVAmbl Asset Management Dollar Fund Named Best Performer, 2023
NOVAmbl Asset Management’s Dollar Fixed Income Fund has been named as the best-performing Dollar Fund in 2023 by Nairametrics, the leading financial information and content creation company based on data…
US SEC charges Tingo Group Nigerian CEO, three companies with fraud
December 19, 2023 The U.S. Securities and Exchange Commission (SEC) on Monday filed charges against Nigerian businessman Dozy Mmobuosi and three companies of which he is CEO, alleging they inflated…
SEC shuts coy for engaging in illegal capital market activities
Dec. 15, 2023 The Securities and Exchange Commission (SEC), has sealed the office of Ready Finance Investors Limited for engaging in illegal investment and other capital market activities. A statement…
Unclaimed dividends in capital market hits N190bn — SEC
Aug. 25, 2023 The Securities and Exchange Commission (SEC) says that the unclaimed dividends figure in the nation’s capital market currently stands at N190 billion. Mr. Lamido Yuguda, the Director-General…
Binance issues cease, desist notice to “Binance Nigeria Limited”
June 18, 2023 Binance has issued a cease and desist order to “Binance Nigeria Limited”, Binance CEO Changpeng Zhao said in a tweet on Sunday, calling the Nigerian company a…
SEC says local Binance operations ‘illegal’
June 11, 2023 Nigeria’s markets regulator has ordered the world’s largest cryptocurrency exchange Binance to halt its operations in the country, saying a local unit that courted Nigerian investors through…
CBN, SEC fine First Bank for multiple fraudulent dealings
The Central Bank of Nigeria (CBN) fined FBN Holdings subsidiary, First Bank of Nigeria Limited, N13.5 million for fraudulent dealings and other contraventions in 2022. First Bank of Nigeria (FBN)…
Code of Corporate Governance: Rabiu quits board of BUA Foods
By Rukayat Moisemhe BUA Foods Plc, an indigenous foods company, has announced the resignation of Mr Isyaku Rabiu, as executive director of the company. The resignation, which was effective August…