Friday , January 20 2017
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SEC, EFCC sign MoU

L-R: Mounir Gwarzo, DG SEC and Ibrahim Magu EFCC Boss during a coutesy visit. In order to ensure an effective policing of the capital market, the Securities and Exchange Commission (SEC) and the Economic and Financial Crimes Commission (EFCC) have signed a Memorandum of Understanding. The signing ceremony took place Wednesday ...

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SEC Says Reorganisation for Efficiency

The Securities and Exchange Commission (SEC) wishes to draw the attention of all capital market operators to the following reorganisation exercise recently approved by the Commission: Relocation of Inspectorate Division to the Commission’s Lagos Zonal Office (LZO). To ensure a successful implementation of Risk Based Supervision Model and regulation of ...

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SEC Extends Free E-Dividend Registration to 30th June 2017

The Securities and Exchange Commission (SEC) is pleased to notify the investing public that in a bid to curb the growth of unclaimed dividend in the capital market, it will continue to underwrite the cost of E-Dividend enrolment till 30th June, 2017. And with a view to ensuring all investors benefit from ...

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SEC Proposes New Rules for Capital Market Holding Companies

1.NEW RULE: CAPITAL MARKET HOLDING COMPANIES RULES This Rule is proposed to create a robust framework for the regulation and supervision of Capital Market Holding Companies (CMHC). The Rule encompasses the entire spectrum of the regulation of CMHCs: pre-registration requirements, registration requirements, corporate governance structure, ownership and control, permissible and ...

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NSE Employees gives back to Community

NSE logo       The Nigerian Stock Exchange (“NSE” or “Exchange”) is pleased to announce that its employees recently donated food and sundry items to charities in communities where they work and live as part of the annual employee give-back initiative. In addition, they also volunteered their time and ...

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Over N30b unclaimed dividends paid so far – SEC

 Mounir Gwarzo, SEC DG *Extends Free Registration Period   The Securities and Exchange Commission (SEC) has stated that over the sum of N30b has so far been paid to investors in the Nigerian capital market from the backlog of unclaimed dividends.   As a means to further reduce the unclaimed ...

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SEC Unveils Rules on Capital Market Holding Companies, Others for Exposure

The following are proposed rules/amendments for exposure to stakeholders/general public for comments and input. All comments should be forwarded to rulescommittee@sec.gov.ng or through the DG, SEC not later than two (2) weeks from the date of this publication. Capital Market Holding Companies Rules   Definition of terms   Capital Market Holding Companies ...

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2016 Market Recap, Outlook for 2017: NSE Says to Focus on Achieving its Goal of Demutualisation

L – R: Shows Pai Gamde, Acting Head, Corporate Services Division, NSE; Tinuade Awe, General Counsel & Head, Regulation, NSE; Oscar Onyema, CEO, NSE; and Adeolu Bajomo, Executive Director, Market Operations & Technology, NSE at the 2016 Market Recap & 2017 Outlook on Thursday. January 12, 2016/NSE 2016 Global Economic ...

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Flour Mills of Nigeria Plc Series 8, 9 & 10 Commercial Paper Issue – Offer Now Open

Flour Mills of Nigeria PLC Series 8, 9 & 10 Commercial Paper is now open for subscription and is due to close on Friday, January 13, 2017. Please find below a summary of the terms of the offer. Kindly note that allocations will be made across all tenors until the aggregate limit of N15 ...

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Recommended All-Share Merger Between London Stock Exchange Group Plc and Deutsche Börse AG

London Stock Exchange Group plc (“LSEG”) and LCH Group Limited (“LCH Group”) announce today that they have received an irrevocable all-cash offer from Euronext N.V. (“Euronext”) to purchase LCH SA, LCH Group’s French-regulated operating subsidiary (the “Transaction”). LCH SA has commenced a period of consultation with its works council during ...

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