Dr. Abdul Zubair, the acting Director-General of SEC, made the call in a statement by the management of the commission on Monday in Abuja.
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Sonnie Ayere, the Group Managing Director, Dunn Loren Merrifield, stated this at the annual workshop of the Capital Market Association of Nigeria in Lagos.
Dr. Abdul Zubair, the SEC Acting Director-General, made the disclosure at the 2017 annual conference of Capital Market Correspondents Association of Nigeria in Lagos.
In a statement on Friday by her media aide, Oluyinka Akintunde, Adeosun said she had noticed some publications in the media on the issue, which tended towards blackmail on the issue.
The statement by Keyamo reads: “It is no longer news that Mr. Mounir Haliru Gwarzo, the suspended Director-General of the Securities and Exchange Commission (DG of SEC) is under investigation for his conduct as the head of Nigeria’s apex securities regulator. In this respect, I am aware of the following bodies presently investigating all the allegations raised against the suspended DG of SEC:
A statement by SEC on Thursday in Abuja stated that the company is an unregistered firm dealing in a product tagged: “Resources Investment Account
A breakdown indicated that activities in the Foreign Exchange contributed 28.2 per cent to the turnover trailed by treasury bills, which accounted for 28.16 per cent.
He said: “The depth of the market is very shallow and dominance of the banking sector is affecting the market because once it loses, the market will go down.”
Rowlands said: “In November 2015, SEC launched a fund called National Investor Protection Fund and at the time of its launching, SEC put an initial seed of N5 billion
It was trailed by Nigerian Breweries with a loss of N6.80 to close at N129.20, while GlaxoSmithKline lost N1.71 to close at N32.49 per share.
Ashaka Cement declined by N1 to close at N24 and Transcorp Hotel dropped by 29k to close at N5.51 per share
The News Agency of Nigeria reports that the minimum capital requirements are: N300 million for brokers/dealers; brokers – N200 million; Issuing Houses – N200 million; and Registrars – N150 million, amongst others
According to the statement, the commission is empowered under Section 30 (1) and (2) of the Investment and Securities Act (ISA) 2007 to revoke inactive operational licences of any capital market operator
It recalled that SEC in collaboration with Central Bank of Nigeria and Nigeria Inter-Bank Settlement System launched the e-Dividend payment platform in July
It stated that SEC, in a notice posted on its official website, said the commission dissociated itself from the BGL 50 Index publication
The Securities and Exchange Commission and operators in the capital market have appointed Accenture, a leading consulting and management firm,…
It stated that BGL Asset Management, BGL Capital and BGL Securities and all individuals involved in the management of the said companies had been referred to the SEC Administrative Proceedings Committee
Obi Adindu, Communications Adviser to SEC’s Director-General, told the News Agency of Nigeria on telephone that the commission was engaging multinationals on the benefits of listing on the NSE
Unperturbed that 2015 general election is far-away, a governorship hopeful in Delta state, Prof. Victor Amechi Izegbu, has started consulting some South African experts on how to end power outage currently bedeviling the state.
An authoritative source in SEC, who pleaded anonymity, told the News Agency of Nigeria in Lagos that there was “no going back on the re-capitalisation”
Adeyeye, who said it was worrisome that the Governor Kayode Fayemi-led government has not been able to tell the people the exact amount it is owing, maintained that the N5 billion bond just taken by the government was to fund the governor’s second term bid