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SEC seeks amendment to capital market rules

SEC seeks amendment to capital market rules

Securities and Exchange Commission (SEC) is considering  amendments to capital market rules and regulations’ that will empower it to suspend any public company that fails to submit its annual report within stipulated deadline. According to a draft amendment obtained by The Nation, the Commission is seeking to introduce a new rule, which will allow it […] …

SEC to impose stiffer sanctions on DCS, e-mandate defaulters

The Securities and Exchange Commission, SEC, will henceforth impose tougher sanctions on registrars and dealing member firms of the Nigerian Stock Exchange, NSE, that try to frustrate the on-going e-dividend registration geared towards reducing the quantum of unclaimed divided and the direct cash settlement (DCS) initiative.
Continue reading SEC to impose stiffer sanctions on DCS, e-mandate defaulters at Vanguard News Nigeria. …

Government moves to boost capital market liquidity through savings

The Minister of Finance, Mrs. Zainab Ahmed, yesterday said the Federal Government would set up a committee to advise it on how best to mobilise savings to boost capital market liquidity. Addressing members of the Capital Market Master Plan Implementation Council (CAMMIC) in Abuja, she charged Nigerians on savings for the growth of the national […]
The post Government moves to boost capital market liquidity through savings appeared first on The Guardian Nigeria News – Nigeria and World News. …

SEC moves to improve capital market dispute resolution system

IN a move to improve dispute resolution mechanism in the capital market, Securities and Exchange Commission (SEC) has expressed  support for a dispute resolution symposium that is expected to gather stakeholders to address some of the issues affecting the market.
Continue reading SEC moves to improve capital market dispute resolution system at Vanguard News Nigeria. …

Rule on share transmission to reduce N100bn unclaimed dividend

Domestic retail investors have commended the decision of the Securities and Exchange Commission, SEC, to initiate rules that will facilitate transmission of investments of a deceased shareholder to the next-of-kin, saying that it will further reduce the incidence of unclaimed dividends currently put at over N100 billion in the market.
Continue reading Rule on share transmission to reduce N100bn unclaimed dividend at Vanguard News Nigeria. …

SEC shuts Lagos firm over illegal activities

SEC shuts Lagos firm over illegal activities

A Securities and Exchange Commission (SEC) has sealed off the premises of Growing Circle in Lagos for allegedly engaging in illegal fund management activities. SEC stated that Growing Circle was shut down for carrying out investment operations that falls within fund management without registration with the Commission. According to the Commission, the company’s activities constituted […] …

SEC changes rule on filing consent letters, executed offer document

In a bid to accommodate changes made to the terms of a proposed transaction prior to approval, the Securities and  Exchange Commission (SEC) has    introduced changes in the methods of filing consent letters, the execution of offer documents and the execution and issuance of consent letters by issuers and all issuing houses.
Continue reading SEC changes rule on filing consent letters, executed offer document at Vanguard News Nigeria. …

SEC shuts down another illegal capital market operator

The Securities and Exchange Commission, SEC, has sealed off the premises of a finance house operating with the name, Growing Circle, in Lagos for engaging in illegal fund management activities.
Continue reading SEC shuts down another illegal capital market operator at Vanguard News Nigeria. …

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