Tag: SEC
-
Suspended SEC DG, Gwarzo trying to blackmail me – Adeosun
The Minister of Finance, Mrs Kemi Adeosun, on Friday, alleged that the suspended Director-General of the Securities and Exchange Commission, Mr Mounir Gwarzo is doing everything possible to blackmail her. The minister, however, noted that no amount of intimidation from the suspended DG will stop the Administrative Panel of Inquiries set up to probe him…
-
FG approves appointment of Abdul Zubair as acting DG of SEC
The Federal Government on Sunday announced the appointment of Dr Abdul Zubair as acting Director-General, Securities and Exchange Commission (SEC). Mrs Efe Ebelo of the commission’s Corporate Communications Unit, said in a statement made available to the News Agency of Nigeria (NAN) in Lagos that the appointment was with immediate effect. Ebelo stated that the…
-
Probe committee lists nine firms for invitation over suspended SEC-DG, Gwarzo
The panel, set up to probe the suspended Director General of the Securities and Exchange Commission, Mr. Mounir Gwarzo, is set to invite nine firms alleged to have been used by him to siphon funds from the commission. The report of the panel is expected to be sent to the Independent Corrupt Practices and Other…
-
Mounir Gwarzo, SEC DG allegedly paid self N104m severance benefit
The Director-General of the Security and Exchange Commission, SEC, Mounir Gwarzo, allegedly got a severance package of N104 million from the same commission shortly after he was named DG two years ago. Before his appointment as the SEC DG by former President Goodluck Jonathan on May 22, 2015, Gwarzo was an executive commissioner at SEC.…
-
Shares’ suspension: Operators urge SEC, Oando to settle out-of-court
Some capital market operators on Thursday urged the Securities and Exchange Commission (SEC) and Oando Nigeria to settle the dispute over the latter’s shares suspension out-of-court. They told the News Agency of Nigeria (NAN) in Lagos that further impasse over the issue in the public could dampen public interest in the nation’s capital market. Mr…
-
Shares suspension: SEC’s directives illegal, aimed at ruining our business – Oando
Oando Plc has condemned the decision of the Securities and Exchange Commission (SEC) to fully suspend trading on its shares on the floor of the Nigeria Stock Exchange, NSE. The company described the action as illegal, invalid and calculated to ‘prejudice’ its business. TheNewsGuru.com reports that SEC, on October 18, 2017 suspended trading in the…
-
SEC suspends sale of Oando shares
Sequel to alleged discrepancies in its operations and investigation of petitions by shareholders, the Securities and Exchange Commission, SEC, on Wednesday ordered full suspension of the trading of shares of Oando Plc for two days. The commission also directed that effective from Friday, October 20, the Nigerian Stock Exchange should implement a technical suspension of…
-
Quoted companies to save N1 billion from printing of annual reports – SEC
The Securities and Exchange Commission, SEC, on Wednesday said quoted companies would save one billion naira from the printing and dispatch of annual reports to shareholders. Mounir Gwarzo, the SEC Director-General, made the disclosure at the 2017 second post-Capital Market Committee (CMC) news conference in Lagos. Mr. Gwarzo said that the commission was perfecting arrangements…
-
Airtel CEO identify conditions for telcos to list on NSE
Managing Director and Chief Executive Officer of Airtel Nigeria, Mr. Segun Ogunsanya, has stressed that telecom firms in Nigeria can successfully list on the Nigerian Stock Exchange and contribute significantly to the socio-economic development of the country, barring challenges confronting operators in the sector. According to him, an enabling business environment, policies that promote ease…
-
SEC extends deadline for issuance of dividend warrants to Dec. 31
The Securities and Exchange Commission (SEC) has extended the deadline for stoppage of issuance of physical dividend warrants in the nation’s capital market to Dec. 31, 2017. Mr Naif Abdussalam, SEC Head, Corporate Communications disclosed this in an interview with the News Agency of Nigeria (NAN) on Wednesday in Lagos. Abdussalam said that the deadline…