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Jennete Ugo Anya
- October 9, 2024
SEC To Tighten Oversight On Fintech
The Securities and Exchange Commission (SEC) is ramping up its regulatory efforts in the fintech sector to curb financial mismanagement and align operators with capital market standards. The move, aimed at protecting investors’ funds, was announced by Director-General of SEC, Mr. Emomotimi Agama, during his keynote speech at the recent Nigeria Fintech Week. Mr. Agama […]
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- September 30, 2024
SEC, NGX Approve Flour Mills’ Buyout Of Minority Shareholders
The Securities and Exchange Commission (SEC) and the Nigerian Exchange Limited (NGX) have given Flour Mills of Nigeria Plc (FMN) the go-ahead to proceed with the buyout of its minority shareholders. In a recent statement, FMN revealed that its majority shareholder had initiated the process to acquire all remaining minority shares. The company emphasised that […]
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- September 25, 2024
NASD Targets Dividend Payout, Eyes Growth With New Products
The National Association of Securities Dealers (NASD) PLC has announced plans in taking significant steps to address shareholders’ concerns about financial performance and service offerings. Speaking at the 11th Annual General Meeting (AGM) of the NASD PLC in Lagos, Chairman of NASD, Mr. Kayode Falowo, highlighted the Exchange’s focus on delivering sustainable profitability and ensuring […]
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- September 24, 2024
SEC To Boost NGX Listings With Government-owned Enterprises
The Securities and Exchange Commission (SEC) has announced plans to encourage government agencies and state-owned enterprises to list on the Nigerian Exchange Limited (NGX). Director-General (DG) of SEC, Mr. Emomotimi Agama, disclosed this initiative in a recent interview in Abuja, highlighting its potential to foster economic inclusivity and wealth creation for Nigerian citizens. “Listing on […]
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- September 10, 2024
Nigerian Breweries Plc Starts ₦599bn Rights Issue
Nigerian Breweries Plc, one of the leading brewing companies in Nigeria, has announced the launch of a ₦599.1 billion rights issue following the approval of its shareholders in April 2024. This announcement comes after receiving clearance from the Securities and Exchange Commission (SEC) and NGX Regulation Limited to proceed with the rights issue aimed at […]
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- September 2, 2024
How Banks Regulatory Scrutiny Boosts Investors’ Confidence
The formation of a tripartite committee by the Central Bank of Nigeria (CBN), the Securities and Exchange Commission (SEC), and the Nigeria Deposit Insurance Corporation (NDIC) to scrutinise the new capital being raised by banks marks a significant development in Nigeria’s banking sector. This action is not just a regulatory necessity but also a critical […]
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- August 30, 2024
SEC Grants Approval-in-Principle To 2 Digital Asset Exchanges
The Securities and Exchange Commission (SEC) has granted ‘approval-in-principle’ to two digital asset exchanges, marking a crucial step under its Accelerated Regulatory Incubation Programme (ARIP). This decision aligns with the SEC’s goal of fostering innovation while ensuring investor protection. The companies receiving this approval are Busha Digital Limited and Quidax Technologies Limited. Busha Digital operates […]
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- August 14, 2024
SEC Grants Access Holdings Extension On N351bn Rights Issue
The Securities and Exchange Commission (SEC) has approved a 10-day extension for Access Holdings Plc’s N351 billion rights issue, moving the new deadline to August 23, 2024. The extension follows disruptions caused by nationwide protests that affected business operations across Nigeria. The rights issue, initially set to close on August 14, 2024, opened on July […]
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- August 8, 2024
SEC To Unveil Vision For Nigeria’s Capital Market Growth At CMC Meeting
The Director-General of the Securities and Exchange Commission (SEC), Mr. Emomotimi Agama, is set to unveil a comprehensive vision for the development of Nigeria’s capital market during the upcoming Second Capital Market Committee (CMC) Meeting. In a recent released by SEC, it was stated that the event is scheduled for August 14, 2024, in Lagos. […]
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- August 7, 2024
CBN Approves Merger Between Unity Bank, Providus Bank
The Central Bank of Nigeria (CBN) has officially approved the merger between Unity Bank Plc and Providus Bank Limited. This landmark decision marks the first merger under the new CBN mandate for banks to bolster their capital bases, aiming to fortify the stability of Nigeria’s financial system. The merger is now pending approval from the […]
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