Stock Market articles

FinTech: Protection of investors high on SEC agenda– Uduk

FinTech: Protection of investors high on SEC agenda– Uduk

In its desire to transition towards a technology driven capital market as well as protect investors, the Securities and Exchange Commission, SEC, has said that the Commission would soon come out with regulations that would guide such products in the capital market. This was disclosed by the Acting Director General of the SEC, Ms. Mary

SEC signs MoU with NERDC on introduction of Capital Market Studies

The Securities and Exchange Commission (SEC) is set to achieve another milestone by infusing capital market studies (CMS) into schools curriculum with the signing of a Memorandum of Understanding (MoU) with the Nigerian Educational Research and Development Council (NERDC). This was done weekend at the Commission’s head office in Abuja in an effort to revive

High Court throws out BGL’s suits against SEC for “Incompetence”

The Federal High Court sitting in Lagos has delivered judgment in the three cases filed against the Securities and Exchange Commission (SEC) by BGL Plc, its sponsored individuals and subsidiaries. The cases BGL brought before the Lagos High Court against the Commission include: I. FHC/L/CS/767/2015 BGL PLC & 4 ORS VS SECURITIES AND EXCHANGE COMMISSION

SEC announces exit of Oteh as Director-General

The Securities and Exchange Commission (SEC) on Sunday announced the exit of Ms Arunma Oteh as the Commission’s Director-General. The Commission made the disclosure in a statement issued by its management and and made available to the News Agency of Nigeria (NAN) in Lagos. It said that Oteh would be remembered for her passion, purpose,

Investors lose N1.18tr at NSE in November

Investors lost N1.18 trillion in the nation’s Stock Exchange in November, following sell pressure caused by drop in oil price at the global market, the News Agency of Nigeria reports. Statistics from the Nigerian Stock Exchange for the period under review showed that the market capitalisation dropped by N1.18 trillion to close at N11.404 trillion

Bibo-Oluwa Academy emerges overall winner of SEC Quiz Competition

Bibo-Oluwa Academy, Ilesha, Osun State has emerged winner of the Annual Quiz Competition on Capital Market for secondary schools in Nigeria, organised by the Securities and Exchange Commission (SEC). The competition which started early November all over the country at state level and zonal levels culminated in the Grand Finale held in Abuja, Wednesday. Abdulrasheed

SEC’s annual CMC retreat begins with focus on wealth creation

The Securities and Exchange Commission Wednesday began a three day Capital Market Committee (CMC) retreat with a focus on creating wealth and opportunity for ordinary Nigerians. In her welcome remarks at the 4th Annual Capital Market Retreat in Abuja, the Director General of SEC, Ms Arunma Oteh disclosed that part of the focus of the

SEC urges shareholders to hold companies accountable for incompetence

Shareholders across Nigeria have been urged to have meaningful engagement with companies and hold the management accountable for any incompetence as a means of checking abnormalities in the capital market. They have also been charged to play an active role on corporate governance issues as it directly affects the growth of the economy. The Director

NSE, LSEG sign capital market agreement

The Nigerian Stock Exchange (NSE) and the London Stock Exchange Group (LSEG) have signed a capital markets agreement to strengthen cooperation and promote mutual development between the two agencies. The agreement which was signed at the Emerging Capital event held at the Nigerian Stock Exchange follows the implementation earlier this year of a new settlement

Six schools emerge winners at grand finale of SEC Quiz Competition

Six secondary schools have emerged as zonal winners to represent the six geo-political zones in the grand final of the 5th National Quiz Competition on Capital Market. A statement from SEC listed the winning Schools as; Government Secondary School, Akim Calabar, Cross Rivers State which came first from among six secondary schools from the South-South

SEC calls for introduction of Capital Market into school curriculum

The Securities and Exchange Commission (SEC) on Wednesday in Akure called for introduction of capital market into the curriculum of secondary schools in the country. Mrs Bukky Rufai, the Head, Operation Division, Lagos Zonal Office, made the call during the Commission’s 5th National Quiz Competition on Capital Market for Secondary Schools. Rufai explained that the

SEC holds 5th Quiz Competition for schools

The Securities and Exchange Commission (SEC) has announced the date for its 5th National Quiz Competition for Secondary Schools in the Federation as November 10, 2014. The annual competition for Secondary School students tagged “Catch ’em Young’’ was initiated as one of the the Commission’s strategies for imparting knowledge and understanding of the capital market