Tag Archives: SEC

SEC takes e-Dividend campaign to Kano

SEC takes e-Dividend campaign to Kano

The Securities and Exchange Commission (SEC) has taken the Investor Education Enlightenment Campaign on e-Dividend Registration to Kano. This is to mobilize the investing and the general public towards the value of e-Dividend Registration which is currently on-going in the country. As contained in a statement by the Commission, the Enlightenment exercise reached thousands of

SEC commended for commitment to capital market

The Management of the Securities and Exchange Commission (SEC) has been commended for all the initiatives embarked upon for the betterment of capital market activities across the country. The Chairman of Daily Times Nigeria, Fidelis Anosike gave the commendation when he visited SEC headquarters with Members of his management team, Thursday. Anosike expressed the need

Update your details to receive your dividends electronically – SEC DG

The Director General of the Securities and Exchange Commission (SEC) Mournir Gwarzo on Thursday urged investors to complete necessary documentations in order to access their unclaimed dividends. Gwarzo spoke at the Town Hall Meeting on e-Dividend organized by the Securities and Exchange Commission (SEC) in Abuja. He explained that the Commission has made access to

N90bn unclaimed Shares: SEC urges investors to register for e-Dividend

The Director General of the Securities and Exchange Commission (SEC), Mounir Haliru Gwarzo has urged investors in the Capital Market to register for their e-Dividend assuring that investors will receive their unclaimed dividends which currently stands at N90bn. A statement by the Commission noted that Gwarzo spoke during the e-Dividend sensitization exercise at Nyanyan and

SEC revokes registration of 84 Capital Market Operators

The Securities and Exchange Commission (SEC) has revoked the registration of 84 Capital Market Operators across the country. Announcing the development in a statement on Sunday, the apex capital market regulatory body said: “The Securities and Exchange Commission is empowered under section 30 (1) and (2) of the Investment and Securities Act (ISA) 2007 to

SEC revokes registration of 84 Capital Market Operators

The Securities and Exchange Commission (SEC) has revoked the registration of 84 Capital Market Operators across the country. Announcing the development in a statement on Sunday, the apex capital market regulatory body said: “The Securities and Exchange Commission is empowered under section 30 (1) and (2) of the Investment and Securities Act (ISA) 2007 to

SEC commences e-dividend registration for zero fee

The Securities and Exchange Commission (SEC) has advised all shareholders and investors in the Nigerian Capital market to approach their banks or Registrars to complete the e-Dividend Mandate form for immediate processing. This will be followed by an upload to the e-Dividend Mandate Management System (e-DMMS). According to a statement from the Commission, this service

BGL Suspension still subsists – SEC

Following the publication of the BGL 50 Index in a national newspaper, the Securities and Exchange Commission (SEC) Nigeria has insisted that the suspension of BGL Plc, its subsidiaries and sponsored individuals from all capital market activities still subsists. SEC in a notice it posted on its official website, said that the Commission dissociates itself

SEC boosts Investors Protection Fund with N5bn

The Securities and Exchange Commission (SEC) Nigeria has set aside N5 billion in the National Investors Protection Fund (NIPF) to compensate investors for pecuniary losses arising from the insolvency, bankruptcy or negligence of non-broker/dealer capital market operators. The Director General, Securities and Exchange Commission (SEC), Mounir Gwarzo, who stated this at a Capital Market Committee

Minimum Capital Base: SEC to punish 94 firms

The Securities and Exchange Commission (SEC) has directed firms that have not complied with the new minimum capital base for capital market functions, to do so or lose their licenses. In a circular issued by SEC, the commission is asking 94 firms to state why their registration as capital market operators should not be cancelled

SEC approves new issues worth N53.65bn in 9 months

The Securities and Exchange Commission (SEC) on Wednesday said it had approved new issues worth N53.65 billion between January and September. Statistics by the commission made available to the News Agency of Nigeria (NAN) in Lagos showed that 10 companies indicated interest to access the primary market segment of the Nigerian Stock Exchange (NSE). A

SEC organizes Regional Roundtable Workshop on Non-interest Capital Market

The Securities and Exchange Commission (SEC), in its effort at expanding the depth of the Nigerian Capital Market and promoting financial inclusiveness through the Capital Market is organizing a High level Regional Roundtable Workshop on Non- interest Capital Market (Islamic Capital Market) with the Theme: “Financing Development through Islamic Capital Market – a Viable Alternative”

432 capital market operators meet SEC’s recapitalization deadline

As the Nigeria’s Securities and Exchange Commission’s recapitalization deadline for capital market operators expires today, only a total of 432 operators may have qualified to continue operation going by the updated list released by SEC on its website. According to the list, 384 capital market operators have complied with the new minimum capital requirement while

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