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    MINISTER URGES SEC TO TACKLE CRYPTOCURRENCY CHALLENGES

    MINISTER URGES SEC TO TACKLE CRYPTOCURRENCY CHALLENGES The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has urged the newly inaugurated board of the Securities and Exchange Commission (SEC) to address the complexities of regulating cryptocurrencies and maintain...
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    SEC APPROVES CHIEMEKA'S APPOINTMENT AS NGX CEO

    SEC APPROVES CHIEMEKA'S APPOINTMENT AS NGX CEO KEY DETAILS: - Appointment Approved: The Securities and Exchange Commission has approved Jude Chiemeka's appointment as the Chief Executive Officer of the Nigerian Exchange Limited (NGX), effective July 1, 2024. - Experience: Chiemeka brings...
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    SEC URGES CAPITAL MARKET OPERATORS TO EMBRACE GREEN BONDS

    SEC URGES CAPITAL MARKET OPERATORS TO EMBRACE GREEN BONDS The Director General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has called on capital market operators in Nigeria to adopt green bonds and exchange-traded funds (ETFs) to promote growth and sustainability in the...
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    SEC REVAMPS PORTAL TO REDUCE NIGERIA’s N190BN UNCLAIMED DIVIDENDS

    The Securities and Exchange Commission (SEC) has launched a revamped e-Dividend Mandate Management System (e-DMMS) portal aimed at reducing unclaimed dividends, which currently amount to N190 billion. The new system introduces a "self-service interface," enabling investors to mandate their...
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    DANGOTE SUGAR REGISTERS N200bn PROGRAMME WITH SEC

    Dangote Sugar Refinery Plc has registered a N200bn multi-instrument issuance programme with the Securities and Exchange Commission (SEC), as disclosed in a statement filed with the Nigeria Exchange Limited by Company Secretary Temitope Hassan. Key Details: - The programme underscores Dangote...
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    SEC DIRECTS FUND MANAGERS TO DECLARE HERITAGE BANK INVESTMENTS

    Key Points: - SEC's Directive: - The Securities and Exchange Commission (SEC) has mandated all Nigerian fund managers to disclose detailed information about their investments in the recently liquidated Heritage Bank. - Circular Issued: - Tarfa Makyur, Head of the Monitoring Department at...
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    SEC MANDATES ENTERPRISE RISK MANAGEMENT FRAMEWORK FOR CAPITAL MARKET OPERATORS

    Overview: The Securities and Exchange Commission (SEC) has mandated all capital market operators (CMOs) to implement an enterprise risk management (ERM) framework that aligns with internationally recognized standards. This directive aims to bolster risk management practices within the capital...
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    SEC APPROVES FCMB ASSET MANAGEMENT'S PRIVATE DEBT FUND

    SEC APPROVES FCMB ASSET MANAGEMENT'S PRIVATE DEBT FUND: 1. Fund Approval: - The Securities and Exchange Commission (SEC) has approved the private debt fund sponsored and managed by FCMB Asset Management Limited, with support from TLG Capital Investments Limited (TLG Capital) UK. 2. Fund...
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    SENATE CONFIRMS AGAMA AS SEC DG

    SENATE CONFIRMS AGAMA AS SEC DG The Senate Committee on Capital Markets has confirmed Emomotimi Agama as the director-general of the Securities and Exchange Commission (SEC). The committee also approved the appointments of Frana Chukwuogor as the executive commissioner of legal and enforcement...
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    EMBRACE TECHNOLOGY TO SOLVE UNCLAIMED DIVIDEND ISSUES IN NIGERIAN CAPITAL MARKET, SEC URGES REGISTRARS

    EMBRACE TECHNOLOGY TO SOLVE UNCLAIMED DIVIDEND ISSUES IN NIGERIAN CAPITAL MARKET, SEC URGES REGISTRARS The Securities and Exchange Commission (SEC) has called on companies’ registrars to embrace technology as a means of addressing the issue of unclaimed dividends in the capital market. Acting...
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    Dozy Mmobuosi may be in prison for a long time for committing fraud

    The case of Dozy Mmobuosi, the ex-CEO of Tingo Group has blown into the new year, and this time, beyond what anyone foresaw. On Tuesday, 2nd of January, 2024, the United States formally announced charges against Odogwu 'Dozy' Mmobuosi. Dozy, who recently stepped down from being the CEO of the...
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    SEC Nigeria's Ban on Global Crypto Exchange Binance Confirmed; Warns Unregistered Exchanges Against Soliciting Nigerian Investors

    On June 9, 2023, the Securities and Exchange Commission (SEC) in Nigeria made a significant declaration, branding Binance Nigeria Limited as an illegal entity in the country. However, Binance, the global cryptocurrency exchange, firmly denied any affiliation with "Binance Nigeria Limited."...
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    Ardova Plc Finally Pays Investors N17.38 per Share to Delist From the NGX

    News reaching shows that Ardova Plc delisted its shares from the Nigerian Exchange Limited (NGX) on Wednesday. The delisting which happened on July 26 was in line with the agreements between the company and shareholders of its fully paid ordinary shares which got approval from the Securities...
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    SEC APPROVES NAPL’S ACQUISITION OF INTERNATIONAL ENERGY INSURANCE

    The Securities and Exchange Commission has given the nod to the acquisition of International Energy Insurance (IEI) Plc by Norrenberger Advisory Partners Limited (NAPL). The insurer stated this in a disclosure filed to the Nigerian exchange on ‘the acquisition of majority equity stake in...