In Three Years, SEC Under-remits Over N4.721bn       The Securities and Exchange Commission (SEC) under remitted N4.721billion over three years into the coffers of the Federal Government, it was gathered yesterday. This was the discovery of the Hon James Faleke-headed House of Representatives joint committee on Appropriations,...

Unclaimed Dividend Rises By 32% To N158.4bn   Despite the introduction of electronic dividend payment system, e- dividend, in the Nigerian capital market the total value of unclaimed dividend has risen sharply to N158.4 billion at the end of 2019, representing an increase of 32 percent...

SEC, NITDA Collaborate on Data Protection The Securities and Exchange Commission, SEC has restated its preparedness to collaborate with the National Information Technology Development Agency, NITDA in a bid to foster safe conduct of transactions and usage of personal data in the Nigerian capital market. Director...

Buhari Nominates Yuguda, Karausa, Boyi, Obi for SEC   The Senate has received a request from President Muhammadu Buhari for the confirmation of Mr. Lamido Yuguda as the new Director-General of the Securities and Exchange Commission (SEC). Also to be screened and confirmed are three nominees as...

Mutual Funds To Hit N1.5trn 2020 – SEC   The Securities and Exchange Commission has said that Collective Investment Scheme in the nation’s capital market may hit over N1.5tn before the end of this year. The CIS, also known as mutual funds, is an arranged pool of...

SEC Begins New Investors’ Identification Regime   Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC), will on April 1, begin enforcement of a new investors’ identification regime aimed at enhancing transparency in the capital market and forestall the recurring incidence of unclaimed dividend. In a...