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Investments and Securities Act
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 Securities and Exchange Commission has concluded its investigation of Oando Plc and ordered the Group Chief Executive Officer of the company, Mr Wale Tinubu, and other affected board members to resign.
The Securities and Exchange Commission’s (SEC) recent onslaught against companies engaged in illegal fund management has claimed its second casualty – Growing Circle, a Lagos-based firm.
The Minister of Finance, Mrs. Kemi Adeosun, on Friday approved the reassignment of portfolios in the Securities and Exchange Commission (SEC).
The Nigerian Stock Exchange, NSE, has commenced moves to curtail the usual free fall in the share prices of newly listed companies.
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.
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.
SEC has also withdrawn the operating licences of Partnership Investment Company Plc and Partnership Securities Limited.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.
The All-Share Index of the Nigerian Stock Exchange (NSE) on Thursday reached all time low of 27,864.49 due to sell pressure in Seplat and 18 other equities.
Nigeria have been pooled against Sierra Leone, Lesotho and Benin Republic in Group L of the 2021 Africa Cup of Nations billed for Cameroon.
The Ebonyi State Governor David Nweze Umahi has sworn in a 29-year-old photographer, Francis Nwaze, into his cabinet as his special Assistance on media/project documentation.
A Delta State High Court sitting in Warri Judicial Division presided over Justice A.A. Onojovwo, has sentenced one Victor Nwankpa to death by hanging for armed robbery.
President Muhammadu Buhari has expressed delight over the International Religious Freedom Award conferred on Imam Abubakar Abdullahi of Nigeria by the U.S. Department of State.
A Nigerian suspected to be a member of an international drug cartel has been arrested by India’s Anti-Narcotics Cell in Mumbai.
China’s crude oil imports in June averaged 9.63 million bpd, an increase of 1.7 percent from an average of 9.47 million bpd in imports in May, and a 15.2-percent increase from 8.36 million bpd in June last year, according to Reuters calculations in barrels from data in tons provided by the Chinese General Administration of Customs.
A 43-year-old land developer, Kolawole Ayinde, who allegedly defrauded 46 accommodation seekers of N11.3 million, on Friday appeared before a Surulere Chief Magistrates’ Court in Lagos.
Leaders of Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) have called for the collaboration of the Christian Association of Nigeria (CAN) in uniting the different religious groups in the country for peaceful resolution of the farmers-herders’ conflicts.
President of the Nigeria Football Federation, Amaju Pinnick, has stated that head coach of the Super Eagles, Gernot Rohr, will not be sacked despite the mounting pressure on the Nigerian football ruling body to relieve the German of his appointment.