SEC

A Niger Delta socio-political pressure group, Ijaw People’s Development Initiative (IPDI), on Wednesday lent its voice to the demand of several other organisations in the region that the chairmanship position of the newly appointed board of the Niger Delta Development Commission (NDDC) should be headed by someone from Delta State and not Edo.

Preparatory to the inauguration of the Lagos Commodities and Futures Exchange (LCFE), no fewer than 23 dealing firms have been admitted for trading on the Pan African commodities market.

The Securities and Exchange Commission (SEC) has urged prospective investors in the capital market to seek knowledge before investing in the sector.

Three months after the peace parley of the All Progressives Congress (APC) stakeholders in Ondo state was held in Akure, the state capital, its resolutions are yet to be implemented as agreed.

The campaign of the Peoples Democratic Party (PDP) candidate, Senator Douye Diri received a boost as Mr. Markson Fefegha who resigned his appointment on October 18 as the Commissioner of Mineral Resources is back to the PDP.

The capital market stakeholders have called on Securities and Exchange Commission, Nigerian Stock Exchange and other stakeholders to formulate strategies that would boost local participation in the nation’s bourse.

Former Commissioner of Economic Planning and Budget, Olusegun Banjo, and his Energy and Mineral Resources counterpart, Olawale Oluwo, in the administration of former Governor Akinwunmi Ambode have denied reports that they indicted Ambode before an ad-hoc committee of the state House of Assembly.

The Edo State wing of the Nigeria Union of Teachers (NUT) has backed out of the Nigeria Labour Congress (NLC) planned strike as it urged its members to remain at their various duty posts in schools across the state.

Chaka, a global trading platform that allows users to invest in stocks listed on foreign stock exchanges has launched its products in Nigeria.

Acting Executive Commissioner Operations, SEC, Mr. Isyaku Tilde, stated this at the weekend at the engagement session with Association of Issuing Houses, Trustees and Solicitors on the commencement of checklist review.

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.

Ahead of the country’s independence anniversary celebrations on October 1, Nigerian capital market operators have identified some highs and lows of the market as the nation turns 59.

Oyo State Government has expressed its readiness to revoke certificates of undeveloped lands within its designated Government Reserved Areas (GRAs).

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.

To deepen its investor education programme, the Securities and Exchange Commission (SEC) has lined up series of enlightenment programmes for the Nigerian Army Ordnance Corps.

Some financial experts on Thursday said that Value Added Tax (VAT) increment by the Federal Government would further dampen purchasing power of Nigerians.

The Securities and Exchange Commission (SEC) has asked shareholders of the defunct Afribank Plc to claim their dividends.

The Bauchi state governor, Sen. Bala Mohammed, on Friday, inaugurated the newly appointed 20 commissioners as members of the State Executive Council (SEC).