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Shareholders Get N30bn Stranded Dividend

The Securities and Exchange Commission has said that over N30bn has so far been paid to investors in the Nigerian capital market from the backlog of unclaimed dividends. As a means to further reduce the unclaimed dividends profile and curb its growth in the country,...

SEC Seals up Yuan Dong (YDEC)

In furtherance of its determination to protect investors and ensure that illegal operators are not allowed to operate in Nigeria's capital market, the Securities and Exchange Commission, Nigeria (SEC) has sealed up the premises of Yuan Dong (YDEC). According to a statement by Head Corporate...

Budget Deficit Undermines Investors’ Confidence – SEC

The Director General of the Securities and Exchange Commission, Mounir Gwarzo, has said large budget deficits can affect stock prices and undermine investor confidence. Speaking at the 2017 Budget seminar, organized by the SEC, Gwarzo said the primary concerns for investors, in regard to both...

Beware of Bitcoin, Swisscoin, Others, SEC Warns Nigerians

The Securities and Exchange Commission said its attention had been drawn to radio advertisements and other modes of solicitations of the public to invest in crypto currencies such as Swisscoin, OneCoin, Bitcoin and such other virtual or digital currencies. SEC, therefore, advised the public to...

SEC defends N4.5b Staff Emoluments

The Security and Exchange Commission (SEC) has said it has always been cautious on the renumeration of its workers following a reported payment of N4.5billion yearly as staff salaries. Its Director-General, Munir Gwarzo, who appeared before the Tajudeen Yusuf – led House of Representatives Committee...

SEC Clears NAHCO, Director of Alleged Governance Breach

The Securities & Exchange Commission (SEC) has cleared the Nigerian Aviation Handling Company (NAHCO) Plc and a director, Suleiman Yahyah, of allegations of corporate governance breaches. Documents received from a source in the Presidency indicated that SEC in response to a petition sent to the...