Tag Archives: Securities and Exchange Commission

Gwarzo elected AMERC Chairman

Gwarzo elected AMERC Chairman

Acting Director General of the Securities and Exchange Commission (SEC) Nigeria, Mr. Mounir Gwarzo has been elected as Chairman of the Africa/Middle East Regional Committee (AMERC) of the International Organisation of Securities Commissions (IOSCO). The election took place at the on-going Annual meeting/conference of the regional body in Muscat, Oman and is to run for

SEC to embark on grassroots enlightenment for better returns on investment

The Securities and Exchange Commission (SEC) has disclosed readiness to embark on massive public enlightenment programme to educate the public at the grass root level towards reaping better returns on their investments in the capital market. Also, the Commission clarified that its directive that unclaimed dividends be returned to the companies after 15 months of

SEC, NAICOM collaborate against erring insurance companies

The Securities and Exchange Commission (SEC) and the National Insurance Commission (NAICOM) have concluded plans to strengthen enforcement actions against insurance companies that misuse funds raised from the capital market. This disclosure was made by the Acting Director General of SEC, Mr Mounir Gwarzo, who hosted the Management of NAICOM on a courtesy visit to

SEC reassures bond investors of protection

The Acting Director General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo has reassured bond investors of the apex regulator’s determination to always act in their best interest. This is coming amidst concerns in some quarters that the plunge in global crude oil prices may affect the ability of state governments to meet

SEC reviews complaints management framework for better service delivery

The Acting Director General of the Securities and Exchange Commission, Mounir Gwarzo, has said that the Commission has reviewed its complaints management framework to empower Trade Groups in the Nigerian Capital Market for better service delivery. Gwarzo spoke on Wednesday when he received members of the Association of Assets Custodians of Nigeria (AACON) in Abuja.

Dematerialisation of capital market will boost investment – DG SEC

The Securities and Exchange Commission (SEC) is set to intensify efforts at dematerialising the capital market to boost investors’ confidence. Acting Director General of SEC, Mounir Gwarzo gave the assurance Tuesday when he received the management of Central Securities Clearing System (CSCS) Plc at the Commission’s head office in Abuja. Dematerialization refers to the conversion

SEC to empower regulatory/trade organisations on handling complaint cases

Acting Director General of the Securities and Exchange Commission (SEC) Mournir Gwarzo, Monday said that the Commission is working to empower Self Regulatory Organisations (SROs) and trade organisations to enable them handle complaints within the sector. He also identified investor education as key for the development and improvement of the domestic investment across the country.

SEC DG restates commitment to vibrant capital market

Newly appointed Acting Director General of the Securities and Exchange Commission (SEC), Mounir Gwarzo, has reiterated the Commission’s dedication to creating a vibrant capital market that would attract both local and international investors. According to a statement Gwarzo gave the assurance when he received members of the Chartered Institute of Stockbrokers (CIS) at the Commission’s

SEC appoints Gwarzo Acting Director-General

Mr Munir Gwarzo, the Executive Commissioner, Operations, securities and Exchange Commission was on Monday appointed the Acting Director-General of the commission. This is contained in a statement by the commission that was made available to newsmen in Abuja. According to the statement, Ms Arunma Oteh, the former Director-General of the commission announced this during a

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,

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

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

Top