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…
19-year-old convicted for capital market fraud, to serve 1 year jail term
The Securities and Exchange Commission, SEC, in a notice on Tuesday that a 19-year-old man, Damilola Balogun, has been convicted over a capital market fraud. According to the notice by…
Why Nigeria needs to develop a vibrant commodities trading ecosystem – SEC
The Securities and Exchange Commission (SEC) says the commission is committed toward ensuring that the commodities trading ecosystem in the country becomes vibrant to contribute to economic development. A statement…
SEC set to amend its laws to capture fraudulent activities in the capital market, sign Mou with NFIUÂ
The Securities and Exchange Commission (SEC) has signed a Memorandum of Understanding (MoU) with the Nigerian Financial Intelligence Unit (NFIU) to combat Ponzi schemes and fraud in the capital…
Alleged $2bn shares fraud: FG begins probe of Enelamah, Udoma, othersÂ
The Federal Government has begun interrogation of those implicated in the alleged fraud that left over 65,000 Nigerian shareholders losing two billion dollars worth of shares with Atlas Mara’s Union…
Airtel Nigeria files application to list on NSE – SEC
Airtel Nigeria CEO, Segun Ogunsanya Airtel Nigeria has officially filed an application with the Securities and Exchange Commission (SEC) for listing of its shares on the Nigerian Stock Exchange (NSE)….
Oando saga: Our actions were properly effected according to provisions of ISA 2007- SEC
The Securities and Exchange Commission (SEC) on Sunday said that Oando Plc was given sufficient opportunity of being heard before they were penalised. The commission said in Lagos that there…
Oando, SEC conflict: Operators seek FG’s intervention, say it could dampen investors’ confidence
Capital market operators on Wednesday called for urgent intervention of the Federal Government in the conflict between the Securities and Exchange Commission (SEC) and Oando Plc. They made the call…
MTN Nigeria to begin listing at N90 per share from May 16 – NSE
The Nigerian Stock Exchange (NSE) on Tuesday finally approved the listing of MTN Nigeria shares on the nation’s bourse. A senior management at the NSE, who pleaded anonymity, told the…
SEC to infuse CMS into carrier subjects in basic, secondary schools in Nigeria
The Securities and Exchange Commission (SEC) says there are indications to infuse the proposed stand-alone curriculum on Capital Market Studies (CMS) into carrier subjects in Basic and Secondary Schools in…