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Securities and Exchange Commission
OLAM International Limited has made a final of fer of N120 billion for the acquisition of 99.9 per cent equity stake in Dangote Flour Mills (DFM) Plc, which will make the flour-milling company a wholly-owned subsidiary of Olam International.
The oil giant, whose operation was grounded by the Securities and Exchange Commission (SEC) when it laid siege to its head office with the police, weathered the storm and recorded a six per cent increase in revenue of N315.4 billion, from N297.3 billion, in comparative period of 2018.
The Federal Trade Commission is set to announce on Wednesday that Facebook has agreed to a sweeping settlement of significant allegations it mishandled user privacy and pay $5 billion, two people briefed on the matter said.
Facebook will not launch the cryptocurrency Libra until it has “fully addressed regulatory concerns,” according to David Marcus, the head of Facebook’s Calibra. The remarks are prepared testimony he plans to give tomorrow, in front of the US Senate Banking Committee.
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.
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.
Airtel Africa Plc is set to become the third most capitalized quoted company on the Nigerian stock market as the telecommunications company concludes arrangements to list its shares on the Nigerian Stock Exchange (NSE). Nigeria alone accounts for 36% of its total revenue.
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.
The Securities and Exchange Commission, SEC, has again reiterated its earlier directives to shareholders of defunct Skye bank to claim their dividend payment.
The Managing Director and Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has appealed to the 9th Senate for the speedy passage of the pending NDIC Act, 2006 (as amended) currently before the National Assembly.
Some shareholders of Forte Oil (FO) Plc on Tuesday tasked the new management of the company on continuous payment of dividend and adherence to good corporate governance.
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 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.
It is often said that when two elephants fight, the grass suffers. This is proving to be the case between the Securities and Exchange Commission (SEC) and Oando PLC as concerned minority shareholders, who are the aggrieved party in the on-going issue, have seized every opportunity to vehemently air their grievances against the SEC, specifically faulting the recent actions of the regulatory body against Oando PLC.
Airtel Nigeria has officially filed an application with the Securities and Exchange Commission for the listing of its shares on the Nigerian Stock Exchange.
Kwara State Governor AbdulRahman AbdulRazaq on Sunday lamented the death of 17 students in an auto crash on their way back to the state from Kano, describing the incident as a painful one that could have been prevented.
The Association of Nigerian Aviation Professionals (ANAP) on Sunday said that aviation unions would continue to kick against planned concession of some major airports across the country by the Federal Government.
The Cross River State governor, Professor Ben Ayade, has deplored the upsurge in communal crisis in the state, stressing that this menace has been impeding the development.
Rasheedat Ajibade played an outstanding role in Avaldsnes’s 1-0 victory over Roa in their Norwegian Toppserien game on Saturday.
The world must work together to extinguish the fires ravaging Brazil’s Amazon rainforest, Pope Francis said in his weekly address to thousands of people gathered in St. Peter’s Square on Sunday.
Manchester United manager Ole Gunnar Solskjaer said he was "lost for words" after Marcus Rashford suffered racist abuse on social media on Saturday.
Kano Pillars must pull all the stuns in Kumasi today, as they face Ghanaian giants Asante Kotoko in the second leg CAF champions league tie.
The United Nations on Monday reaffirmed its demand for the protection of humanitarians by world leaders and parties to conflicts around the world.
Former Chief Whip of the Senate, Senator Roland Owie, Tuesday, said those clamouring for the presidency of Nigeria to remain in the north after President Muhammadu Buhari finishes his tenure by 2023 are right if fairness and equity must be sustained on the rotation of the presidency between the north and south.
Chairman of the Nigerian Diaspora Commission, Abike Dabiri-Erewa, has urged Nigerians to conduct themselves in a proper manner to avoid being marginalised.g