SEC laments high level of unclaimed dividends
March 27, 2022 The Securities and Exchange Commission (SEC) has lamented the high number of unclaimed dividends in the capital market. A statement by the Commission in Abuja on Sunday,…
LAGOS RAISES N137.3 BILLION CAPITAL MARKET BOND TO ADDRESS INFRASTRUCTURE DEFICIT
Dec. 21, 2021 …Regional Road, Lekki-Epe Expressway, healthcare top investment priorities’ All statutory instruments that will facilitate the raising of N137.328 billion bond by Lagos State Government from the capital…
SEC contributes N1.5bn to Treasury account, targets profit in 2 years
September 5, 2021 The Securities and Exchange Commission (SEC) has unveiled plans to reduce its operating costs in order to boost profitability within the next two years. The Director-General of…
SEC reads riot act, vows to clamp down on ponzi, illegal capital market operators
Aug. 13, 2021 The Securities and Exchange Commission (SEC) on Friday vowed to clamp down on illegal capital market operators, especially operators of Ponzi Schemes. The Director-General, SEC, Mr. Lamido…
EFFECTIVE POLICY IMPLEMENTATION KEY TO LAGOS’ SUCCESS STORY – SSG
June 2, 2021 The Secretary to the Lagos State Government (SSG), Mrs. Folashade Jaji, has ascribed Lagos’ success story, especially in the current political dispensation, to effective policy implementation. Mrs….
SEC, CBN to find ways to regulate Cryptocurrency market
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have agreed to collaborate and conduct research with a view to finding ways of regulating the Cryptocurrency…
SEC disowns Famzhi Interbiz, says company facing prosecution; warns public
The Securities and Exchange Commission (SEC) has disclaimed the activities of Famzhi Interbiz Limited saying that neither the entity nor their products are registered or regulated by the Commission. Mrs…
Nigeria’s total unclaimed dividends rose to over N158bn in 2019 due to unclaimed shares
The total unclaimed dividends figure in the Nigerian capital market stood at N158.44 billion as of December 2019, the News Agency of Nigeria (NAN) reports. Data obtained from the Securities…
How suspended SEG DG, NIMC manager connived to defraud SEC – ICPC tells court
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) on Thursday arraigned the suspended Director-General, Securities and Exchange Commission (SEC), Dr Mounir Gwarzo in an FCT High Court in…
SEC intensifies effort to close down, prosecute ponzi scheme operators, promoters
The Securities and Exchange Commission (SEC) says it is intensifying efforts toward closing down illegal fund managers (ponzi schemes) operators in the country. Mrs Efe Ebelo, the Head, Corporate Communications of…