The SEC made this development known in a circular issued by the Commission on Monday in Abuja.
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The Company Secretary of MTN Nigeria, Uto Ukpanah, announced in a notice issued on Friday in Lagos State.
The Director-General, SEC, Lamido Yuguda who made this known in Abuja, also noted that the Commission has been paying 25 per cent of gross revenues into the coffers of government.
The Senate through its Joint Committees on Finance, National Planning, Petroleum Upstream, Downstream and Gas chaired by Senator Adeola Solomon Olamilekan made the observation during interactive session with revenue generating agencies while the Director General of the SEC, Lamido Yuguda, was making presentation.
To achieve this, Director General of the SEC, Lamido Yuguda said there is the need to leverage the capital market for intermediation by facilitating access to capital.
The Director-General, SEC, Lamido Yuguda, said this at the second post-Capital Market Committee virtual news conference.
Thus was stated by Minister of Finance, Budget and National Planning, Zainab Ahmed during a webinar organised by the Securities and Exchange Commission in collaboration with the Ministry of Solid Minerals Development with the theme, “Financing the Solid Minerals Sector through the Capital Market and the Critical Role of Commodity Exchanges” on Thursday.
The approved contracts are: Access Bank Plc Stock Futures, Dangote Cement Plc Stock Futures, Guaranty Trust Bank Plc Stock Futures, MTN Nigeria Communications Plc Stock Futures, Zenith Bank Plc Stock Futures, NGX 30 Index Futures and NGX Pension Index Futures.
The commission made the disclosure in a statement in Lagos on Thursday.
In an application before the tribunal, SEC claimed that the stocks were acquired with proceeds derived in violation of the provisions of Investment and Securities Act, 2007.
Efe Ebelo, the Head of Corporate Communication, SEC, Abuja, in a statement on Sunday said that the move would boost the level and quality of financial literacy among the citizens.
A statement by Efe Ebelo, the Head, Corporate Communications of SEC, in Abuja on Sunday, said the activities of the entity were perpetrated by suspected promoters of Ponzi and other fraudulent schemes.
Efe Ebelo, Head, Corporate Communication, Securities and Exchange Commission, stated this in a statement in Lagos.
The Senate President gave the charge on Wednesday in his remarks after the Upper Chamber confirmed the appointment of Lamido A. Yuguda (Gombe) as Director-General of the Commission.
Dangote Cement Plc on Thursday announced the successful issuance of its N100 billion Series 1 fixed rate senior unsecured bonds due April 2025.
The Securities and Exchange Commission has developed a standardised investors’ data and consent form to check identity theft and money laundering in the capital market.
Crowdfunding is the process of raising funds to finance a project or business from the public through an online platform
The Independent Corrupt Practices and Other Related Offences Commission on Thursday arraigned the suspended Director-General, Securities and Exchange Commission, Dr. Mounir Gwarzo, in an FCT High Court in Apo.
Mary Uduk, SEC Acting Director-General, said this in the commission’s 2020 outlook and prioritised initiatives obtained by the News Agency of Nigeria in Lagos on Sunday.
The Securities and Exchange Commission approved new securities worth N154.62 billion in the third quarter of 2019.