The much-anticipated share listing could value MTN at around $5 billion and help revitalise the Nigerian stock market.
Browsing: Securities and Exchange Commission
The information is in a data posted on NSE’s website on Wednesday.
Uduk disclosed this on Wednesday in Lagos at the Nigerian Green Bond Market Development Programme organised by FMDQ OTC Securities Exchange.
Efe Ebelo, SEC’s acting Head, Corporate Communications, confirmed this to the News Agency of Nigeria in Lagos.
Boniface Okezie, PSAN National Coordinator, told the News Agency of Nigeria that SEC and the Nigerian Stock Exchange as market regulators should ensure full disclosure from the company on moves to sell some of its assets.
Mary Uduk, SEC new Acting Director-General said that the commission would engage with IFC, AFDB, state governments and Federal Mortgage Bank to include Sukuk option in their capital investment plans.
Mary Uduk, the SEC Acting Director-General, gave the assurance at the first 2018 post-Capital Market Committee news conference in Lagos.
The appointment and others were announced by the Minister of Finance, Kemi Adeosun
The acting Director-General, SEC, Dr Abdul Zubair, explained to newsmen in Abuja why it directed the Nigerian Stock Exchange to lift the technical suspension placed on the shares of Oando Plc.
The News Agency of Nigeria reports that trading commenced on the shares of the company at the capital market on Thursday, following a directive by the Securities and Exchange Commission.
The NSE made the clarification on its website following the confusion during trading on Wednesday, when the suspension of trading in Oando’s shares was lifted in the morning, only to be embargoed later in the day.
A source close to the commission disclosed this in an interview with the News Agency of Nigeria in Lagos.
Oando had filed a lawsuit against the SEC to halt the regulator’s suspension of the company’s shares and the planned audit, based on concerns about possible insider trading
He said that having recorded huge success in Bwari, Kuje Area Councils and University of Abuja, it became pertinent that the programme be extended to other communities to reach more Nigerians.
The report and recommendations of the API, headed by the Permanent Secretary of the Federal Ministry of Finance, Mahmoud Isa-Dutse, were sighted by The Eagle Online on Tuesday
The Minister of Finance, Kemi Adeosun, suspended Gwarzo on November 29, 2017 over allegations of financial impropriety levelled against him
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.
A letter obtained by the News Agency of Nigeria on Tuesday in Abuja showed that SEC had written to the Group Chief Executive Officer of Oando, Adewale Tinubu, notifying him of its decision to conduct a forensic exercise into the activities of Oando Plc
Efe Ebelo of the commission’s Corporate Communications Unit said in a statement made available in Lagos that the appointment was with immediate effect
The suspension of Gwarzo was contained in a statement by the Ministry of Finance, signed by the Deputy Director of Press of the Ministry, Patricia Deworitshe