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Investments and Securities Act

SEC: Kemi Adeosun reassigns portfolios, names acting chief

The Minister of Finance, Mrs. Kemi Adeosun, on Friday approved the reassignment of portfolios in the Securities and Exchange Commission (SEC).

Nigerian Stock Exchange moves to forestall price decline in newly listed entities

The Nigerian Stock Exchange, NSE, has commenced moves to curtail the usual free fall in the share prices of newly listed companies.

Abdul Zubair appointed as acting SEC chief

The Federal Government of Nigeria has appointed Dr Abdul Zubair, the acting Director General of the Securities and Exchange Commission (SEC) with immediate effect. He was before the appointment, the Director in charge of External Relations in the Commission.

House of Reps quizzes CBN, PenCom, DMO over alleged capital market breaches

PenCom’s representative, Ibrahim Kangiya said the commission has instituted measures towards protecting pensions funds, assuring that, though there were still hitches, appreciable success was being expected soon.

Capital market: SEC bans Ogiemwonyi for life over alleged unprofessional conduct

SEC has also withdrawn the operating licences of Partnership Investment Company Plc and Partnership Securities Limited.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.

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Godwin Emefiele: Central bank to increase list of import restricted items

The Governor of the Central Bank of Nigeria, (CBN) Mr Godwin Emefiele on Tuesday disclosed that the bank would increase the number of items placed on import restrictions from 42 to 50.

UN: 80,000 displaced from North East Nigeria since November

The UN Office for the Coordination of Humanitarian Affairs (OCHA) said more than 80,000 Nigerians have been displaced due to ongoing violence in the North-East since November, 2018.
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Federal government privatises Warri Port terminal for N105 billion

The Bureau for Public Enterprises (BPE) has signed an agreement to concession terminal ‘B’ of the Warri Old Port to Ocean and Cargo Terminal Services Limited.
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Minister: Federal government’s poverty alleviation initiatives making impact

The Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Tuesday said the Federal Government poverty alleviation initiatives are making an impact in reducing poverty.
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Australian Open: I’m so close and I just want to keep going – Naomi...

Japan’s Naomi Osaka said she felt another Grand Slam title was close after routing an injured Elina Svitolina to reach the Australian Open semi-finals Wednesday.