THE Securities and Exchange Commission, SEC, has said that plans are under-way to amend the rules on margin lending and resume activity in that space. Speaking at the first quarter post-Capital Market Committee, (CMC) media briefing recently in Lagos, the Acting Director General, SEC, Ms. Mary Uduk, said that engagement is ongoing with the Central
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have approved the merger of Access Bank Plc and Diamond Bank Plc, the last major regulatory hurdle for the consummation of the business combination. Both banks recently confirmed receipt of the final approval from the financial services authorities. The final go-ahead came
Nigeria’s Securities and Exchange Commission (SEC) has advised retail investors in the capital market to invest in Collective Investment Schemes and Mutual Funds to help reduce risk. The Acting Director-General of SEC, Ms Mary Uduk in a statement on Wednesday in Abuja said such investments were managed by professionals and they help investors to invest
The Acting Director- General, Securities and Exchange Commission, Ms. Mary Uduk has urged securities exchanges in Nigeria to collaborate more so as to provide efficient and cost-effective services for the benefits of investors. Uduk, made the call at the official launch of the Association of Securities Exchange of Nigeria (ASEN) in Lagos. ASEN, which is
The Securities and Exchange Commission (SEC) has asked all Capital Market Operators (CMOs) and Public Limited Company (PLCs) to strictly comply with a new executive order on Taxpayers on Voluntary Assets and Income Declaration Scheme (VAIDS) or face penalty. The Executive Order on VAID signed by the Acting President Prof. Yemi Osinbajo on June 29,
