Finance articles

SEC Holds Third CMC Meeting 2018

SEC Holds Third CMC Meeting 2018

The Securities and Exchange Commission (SEC) has announced that the Third Capital Market Committee (CMC) meeting in 2018 has been scheduled to hold from Wednesday November 14th to Thursday November 15th 2018 at the Federal Palace Hotel, Victoria Island, Lagos. While the key stakeholders in the capital market will meet on November 14th, members of

SEC’s CMC inaugurates FinTech Roadmap Committee 

The Capital Market Committee (CMC) has inaugurated a market-wide FinTech Committee to come up with a FinTech Roadmap for the Nigerian Capital Market. Inaugurating the Committee which has Mr. Ade Bajomo, Executive Director is Access Bank as Chairman, during the 3rd Quarter CMC meeting in Lagos Wednesday, Acting Director General of the Securities and Exchange

Development of Capital Market Studies curriculum to boost Investor Education- SEC

The Securities and Exchange Commission (SEC) has restated its commitment to further educate and enlighten investors in the Nigerian capital market to enhance their ability to make informed investment decisions.  The Acting Director-General of the Securities and Exchange Commission (SEC) Ms. Mary Uduk who stated this at the Planning and writing workshop for the development

ADB launches landmark US$500 million credit insurance deal with African Trade Insurance Agency and UK reinsurers

The African Development Bank (AfDB) ( and African Trade Insurance Agency (ATI) have announced the successful completion of a US$500 million credit insurance deal structured to cover a portion of the Bank’s portfolio of non-sovereign operations in Africa. This transaction is expected to have an important demonstration effect to encourage similar institutions to invest more

Vibrant Commodities Exchange will aid Economic development – SEC

The Securities and Exchange Commission, SEC has said that a more organized Commodities Exchange Market in the country would enhance efficiency and lead to economic growth and development. The Ag. Director General of the SEC Ms. Mary Uduk started this when she received members of the Commodities Trading Ecosystem Implementation Committee in her office in

FSD Africa and Securities and Exchange Commission collaborate to strengthen the capital market in Nigeria

The Securities and Exchange Commission, Nigeria (SEC Nigeria) has become the first capital market regulator to participate in a flagship pan-African programme designed to strengthen the continent’s capital markets. Over a three-year period, FSD Africa, a UK Aid funded non-profit company, will provide funding to build the capacity of capital market regulators across the continent,

Court Dismisses BGL Applications; definite hearing fixed for October 2

Chief Magistrate Chinyere Nweoachenu of Wuse Magistrate Court in Abuja has dismissed all applications brought before her by BGL Plc and her subsidiaries objecting to their trial before the court. The Chief Magistrate therefore fixed definite hearing of the case for Wednesday October 2, 2018. In her ruling on the applications, Magistrate Nweoachenu stated that

Ruling on BGL fixed for Wednesday Sept. 5

The Chief Magistrate court in Wuse Zone 6, Abuja has fixed Wednesday September 5, 2018 for ruling on the various applications brought before it by BGL Plc and its subsidiaries. BGL Plc and her subsidiaries had filed four different applications against their trial. These Applications centred on the First Information Report (FIR) before the court

SEC charges business owners to embrace corporate governance

The Securities and Exchange Commission (SEC) Nigeria has restated the need for business owners in the country to embrace corporate governance as a desirable option to grow their enterprises, improve shareholders’ funds and profitability on a sustainable basis. The commission’s Acting Director General, Ms. Mary Uduk, gave the advice during her comments as one of

NBA Seeks Collaboration with SEC

The Nigeria Bar Association (NBA) is seeking collaboration with the Securities and Exchange Commission (SEC) in the Commission’s efforts to deepen the capital market. Chair NBA Section on Business Law (SBL) Mr. Olumide Akpata, made the call when members of the NBA-SBL visited the SEC office in Abuja While assuring the Ag. DG of the

UTILIZATION OF RETURNED LOOT: ANEEJ applauds Buhari for including CSOs

The Africa Network for Environment & Economic Justice, ANEEJ, has applauded the plan by the Buhari administration to expend the $320million loot returned from Switzerland to Nigeria on the poorest of the poor through a conditional Cash Transfer Programme. In a statement released to the media after 8th Commonwealth Conference on Anti-Corruption, organized by the

SEC restates commitment to ensuring fairness and transparency in Capital Market transactions

The Securities and Exchange Commission (SEC) has restated its determination to ensure that every shareholder is fairly, equitably and similarly treated and given sufficient information regarding transactions in the capital market. Acting Director General of SEC, Ms. Mary Uduk stated this while delivering a keynote address at the 1st Annual Seminar of the Committee on

Oando shareholders want Adeosun sacked

Some Oando Plc shareholders on Sunday demanded the immediate sack of the Minister of Finance, Kemi Adeosun, accusing her of “unwholesome interference in the smooth operation of the capital market.” The aggrieved investors also accused Mrs Adeosun of meddling with the functions of the Securities & Exchange Commission (SEC), causing “severe damage to the capital