SEC moves to revive margin lending

Posted by - March 27, 2019

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

CBN, SEC green light for Access, Diamond merger

Posted by - March 18, 2019

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

Capital Market: SEC recommends collective investments, mutual funds to cut risk

Posted by - December 27, 2018

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

Collaborate More for Benefits of Investors, SEC Boss Urged Securities Exchanges

Posted by - August 10, 2018

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