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Securities and Exchange Commission
Capital market shareholders on Saturday called on the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) to review the penalties imposed on quoted companies to attract new listing.
The House of Representatives Committee on Capital Market and Institutions on Tuesday held a closed door meeting with the Director-General of Securities and Exchange Commission (SEC), Mounir Gwarzo, regarding the SEC’s lingering enquiry on Oando, following petitions brought by Ansbury Inc. and Mangal.
Immediate past chairman, Benue State Christian Association of Nigeria (CAN), Most Rev Yimam Orkwar, has called on federal government to cancel the purported Sukkuk bond it floated.
SEC has also withdrawn the operating licences of Partnership Investment Company Plc and Partnership Securities Limited. The Chairman of the companies, Mr. Henry Omoragbon, was also suspended for a period of five years from engaging in capital market activities in Nigeria.
Union Bank has announced that the subscription period for its N50 billion Rights Issue will commence on Wednesday, September 20 and close on Monday, October 30, 2017.
National Coordinator of the Independent Shareholders Association of Nigeria (ISAN), Sir Sunday Nwosu, said, on Tuesday, that the protest which occurred outside the venue of Oando’s Annual General Meeting held in Ibom Hall, Uyo, Akwa Ibom State, on Monday, was carried out by non-shareholders.
A former governor of Ekiti State, Dr Kayode Fayemi, has said he will not appear before the Judicial Commission of Inquiry investigating his administration’s management of the state’s finances during his administration.
United States’ authorities are investigating China Petroleum & Chemical Corporation over allegations that the state-controlled oil producer paid Nigerian officials about $100m worth of bribes to resolve a business dispute, according to people familiar with the probe.
The Judicial Commission of Inquiry set up by the Ekiti State government to investigate allegations of fraud against a former governor, Kayode Fayemi, has slated the commencement of its proceedings for Monday, next week.
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Ugandan police have detained the country's most prominent opposition leader over allegations of attempted murder.
Tech companies including Google, Facebook and Twitter will work with G7 countries to block the spread of extremist content online.
At least three soldiers were killed when Boko Haram fighters ambushed a military convoy in northeast Nigeria, security and civilian sources told AFP on Thursday.
A young protester was shot dead in western Kenya on Monday as hundreds of opposition supporters again took to the streets demanding reforms ahead of a presidential election, witnesses told AFP.
A 50-year-old man and father of seven, Abdullahi Sani, has been arraigned before a Katsina State Senior Magistrates’ Court for allegedly raping a three-year-old daughter of his neighbour to death.
The N500 million libel suit filed by Lai Mohammed, the Minister of Information and Culture, against Olisa Metuh, a former Peoples Democratic Party, PDP, spokesperson, is set to proceed to trial at the Ikeja High Court.
The Kogi State Government has debunked the rumour making the rounds that some unidentified men are infecting children with Monkey pox virus in the name of vaccination.
North Korea is believed to be preparing to launch a ballistic missile ahead of an upcoming joint naval drill by the US and South Korea, a news report said Saturday, citing a government source.