Markets

If the SEC goes ahead with this action it will be in clear violation of the interim injunction obtained by Oando’s principals Adewale Tinubu, the Group Chief Executive and Omamofe Boyo, the Deputy Group Chief Executive which restrains SEC, its servants and agents from directing or requesting any agency of the Government to act upon its decisions contained in its letter of 31st May pending the hearing.

Airtel Africa Plc is set to become the third most capitalized quoted company on the Nigerian stock market as the telecommunications company concludes arrangements to list its shares on the Nigerian Stock Exchange (NSE). Nigeria alone accounts for 36% of its total revenue.

The Securities and Exchange Commission (SEC) said it was ready to commence capacity building of stakeholders and the public on commodities exchange to bridge the existing knowledge gap.

Trading activities on the Nigerian Stock Exchange (NSE) closed northward on Friday, amid quarter end window dressing and low price attraction.

Airtel Africa Ltd’s planned initial public offering on the London Stock Exchange is expected to price at 80 pence, the bottom end of its indicated price range, one of the bookrunners handling the sale said.

A Nigerian judge on Wednesday adjourned until Oct. 29 a case to resolve a $2 billion tax dispute between South African telecoms company MTN Group and Nigeria’s attorney general.

The Federal Government on Monday inaugurated the reconstituted Board of the Securities and Exchange Commission (SEC), changing the new members to provide effective leadership in the capital market.

The Nigerian Stock Exchange (NSE) on Friday recorded growth with the market capitalisation increasing by N37 billion to change the bearish posture it maintained in the last four days.

The acting Director General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk, has identified derivatives as some of the investable products capable of boosting liquidity in the Nigerian capital market.

It is often said that when two elephants fight, the grass suffers. This is proving to be the case between the Securities and Exchange Commission (SEC) and Oando PLC as concerned minority shareholders, who are the aggrieved party in the on-going issue, have seized every opportunity to vehemently air their grievances against the SEC, specifically faulting the recent actions of the regulatory body against Oando PLC.

Airtel Nigeria has officially filed an application with the Securities and Exchange Commission for the listing of its shares on the Nigerian Stock Exchange.

The Founder/Chairman of Zenith Bank, Mr. Jim Ovia, has expressed optimism for more investments in the Nigerian economy.

Oando shareholder Olatunde Okelana warns SEC against abuse of power and not following due process at Okumo Oil annual general meeting.

Airtel Africa Ltd, a unit of India’s Bharti Airtel Ltd, on Monday set a price range of 80 to 100 pence per share for its planned initial public offering on the London Stock Exchange.

The Pragmatic Shareholders Association of Nigeria has joined Oando PLC, its management team and Board of Directors, in calling the Securities and Exchange Commission (SEC) out for not availing the company with a fair hearing.

Trading on the nation’s bourse reversed losing streak on Friday, recording first gain in June with a marginal growth of 0.06 per cent.

Investors in the nation’s stock market lost N533bn in the last seven trading sessions as bearish sentiment persisted in the market.

The Pramatic Shareholders Association of Nigeria (PSAN) has condemned the Securities and Exchange Commission's (SEC) suspension of the 42rd Annual General Meeting of Oando Plc which was scheduled to take place on Tuesday, June 11, 2019.