The apex regulator of the Nigerian capital market, the Securities and Exchange Commission, has said shareholders who buy shares with fake and unverifiable names and cannot provide clear proof of ownership, will lose their entire holdings covered in the deals.
This development, which is the...
… Appoints interim Board
The Securities and Exchange Commission (SEC) has announced the dissolution of the board of Ikeja Hotels Plc due to unresolved internal crisis involving some majority shareholders of Ikeja Hotels Plc.
The Commission said this proactive measure has become necessary in order not...
The Securities and Exchange Commission (SEC) and Nigerian Stock Exchange (NSE) have revoked the licences of 21 firms for various infractions, including inability to meet minimum capital requirement, fraud and inactivity.
With the deregistration of the firms and revocation of their licences, the firms have...
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,...
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...
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...
