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Mary Uduk

The Presidential Election Petition Tribunal has upheld argument by President Muhammadu Buhari that it lacked the jurisdiction to entertain allegation of corrupt practices and voters’ inducement raised against Vice President Yemi Osinbajo in the petition by Atiku Abubakar and the PDP.

VP Osinbajo: Vibrant commodities exchange needed for economic diversification

The Vice President, Prof. Yemi Osinbajo, yesterday, said that a vibrant commodities trading ecosystem will help diversify the economy away from dependence on crude oil and enhance foreign exchange earnings, forex.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC: Sukuk rules have enhanced issuance process

The Securities and Exchange Commission (SEC) has said the release of rules on Sukuk bonds has enhanced the issuance process and fostered participation in the instrument.

SEC urges shareholders of defunct Afribank Plc to claim dividends

The Securities and Exchange Commission (SEC) has asked shareholders of the defunct Afribank Plc to claim their dividends.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC urges defunct Afribank shareholders to claim dividends

The Securities and Exchange Commission (SEC) on Monday asked shareholders of the defunct Afribank Plc to claim their dividends.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC engages armed forces, police, others on investment initiatives

The Securities and Exchange Commission (SEC), in its bid to ensure the proliferation of financial literacy and investors education, has reached out to officers in the Armed Forces, Police, and other Para-military and other agencies on the investment initiatives in the Capital Market, and how to protect their sundry investments.
Nigerian Stock Exchange NSE

SEC: Report on commodities trading expected to spur capital market, economy

The Securities and Exchange Commission, SEC, has disclosed that the report of Technical Committee, TC, on commodities trading ecosystem in Nigeria was being implemented and was expected to make the much desired impact on the commodities trading that would stimulate Nigeria’s capital market and economic growth.

SEC, NITDA plans to develop standardised data for capital market transactions

The Securities and Exchange Information Technology Development Agency, NITDA, have commenced move to develop a standardised form that would aid investors to get access to capital market data and information to facilitate their investment decisions in the country.
Modibbo Tukur

Nigeria plans clampdown on shell companies

The Nigeria Financial Intelligence Unit, NFIU, has announced an upcoming crackdown on ghost businesses across the country, amidst concerns about lax regulation of companies’ financial dealings.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC reaffirms readiness to sensitise investors on e-dividend

The Securities and Exchange Commission, SEC, said that it will continue to collaborate with relevant stakeholders to sensitise investors on the need to regularise their multiple accounts as well as claim their dividends.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

Clarion call for SEC, other agencies to respect rule of law

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.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC to commence capacity building on commodities exchange

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.
Mary Uduk

SEC urges defunct Skye bank investors to claim dividends

The Securities and Exchange Commission, SEC, has again reiterated its earlier directives to shareholders of defunct Skye bank to claim their dividend payment.

Federal government charges new SEC board to sanitize capital market

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.

Federal government to inaugurate SEC board Monday

The Federal Government will on Monday inaugurate the board of the Securities and Exchange Commission (SEC) to be chaired by Mr Olufemi Lijadu.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC: Derivatives will boost capital market liquidity

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.

UK’s CISI, CIS, NCMI sign MoU on capital market training

The Chartered Institute for Securities and Investment (CISI) of the United Kingdom has entered into agreements with Chartered Institute of Stockbrokers (CIS) and the Nigerian Capital Market Institute (NCMI) to strengthen professional training and qualification of Nigerian capital market operators.

SEC’s abuse of power negatively impacts Oando’s employees, board of directors

In the Oando versus the Securities and Exchange Commission (SEC) crisis it seems the SECs strategy is to use silent warfare and third parties to achieve one objective - the destruction of Oando PLC.

Stakeholders condemn SEC actions against Oando

Following what can now be termed the longest forensic audit in the history of the Nigerian Securities & Exchange Commission (SEC) they published far reaching pronouncements and sanctions against Oando PLC’s principals said to be the outcome of the investigation into the company’s business.

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Gov. Oluwarotimi Akeredolu of Ondo State has directed public primary and secondary schools submerged by flood in the state to proceed on three weeks’ holiday from Monday.

Ondo denies unconditional release of monarch from prison

Ondo State Government has denied a report that the embattled monarch of Ayetoro town in Ilaje Local Government of the state, Olorunmbe Ojagbohunmi, had been released from the prison unconditionally.
Ibrahim Magu . EFCC

EFCC chief laments widening corrupt practices in Nigeria

The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, Tuesday lamented the widening scourge of corrupt practices pervading the country.
The Kayode Fayemi administration in Ekiti State says it has defrayed inherited debts to the tune of 31 billion naira since assumption of office.

Ekiti pensioners hail governor for improved welfare in one year

Pensioners in Ekiti State have described the first year of Governor Kayode Fayemi in office as a “huge blessing to them” in terms of better welfare package.

Nigeria Police poorest paid in Africa – ex-PSC chief

Former Chairman of Police Service Commission, Chief Simon Okeke, has described the nation’s police officers as the poorest paid in Africa amidst risks taken in the line of duties.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

EFCC confirms arrest of Instagram celebrity

The Economic and Financial Crimes Commission (EFCC) has confirmed the arrest of a popular Instagram celebrity, Ismaila Mustapha popularly known as ‘Mompha.’