SEC moves to automate dividend collection through e-dividend portal

April 26, 2022 Blueprint 0

The Director-General of the Securities and Exchange Commission (SEC), Lamido Yuguda, says by third quarter 2022, the e-dividend portal will be up and running thus fast tracking collection of dividends by shareholders. In this interview with journalists, he also spoke on a wide range of issues. BENJAMIN UMUTEME reports. The Capital Market Committee meeting was recently held. What are some Read More

We’ll tackle cybersecurity risks on capital market – SEC

April 7, 2022 Benjamin Umuteme 0

The Securities and Exchange Commission has said it is currently working along with other agencies on a sectoral strategy to tackle any potential cyber security threat on the Nigerian capital market. The Director-General of SEC, Mr Lamido Yuguda disclosed this on Thursday while briefing journalists on the outcome of the first Capital Market Committee meeting of 2022. For over two Read More

SEC management assures of industrial harmony

March 25, 2022 Benjamin Umuteme 0

The Management of the Securities and Exchange Commission (SEC) has assured staff of the Commission of its commitment to ensure industrial peace and harmony in the SEC. Executive Commissioner Corporate Services of the SEC, Mr. Ibrahim Boyi, stated this while addressing protesting members of staff of the SEC at the Commission’s headquarters. Staff had expressed dismay over issues ranging from Read More

SEC seals up Oxford International Group, 2 others over illegal activities

March 15, 2022 Benjamin Umuteme Abuja 0

The Securities and Exchange Commission (SEC), has sealed the premises of Oxford International Group/Oxford Commercial Services, Farmforte Agro Allied Solutions Limited/Agro Partnerships as well as Vektr Capital Investment/Vektr Enterprise for illegally engaging in capital market activities. The SEC said the offices of the companies in Lagos, Port Harcourt and Abuja were shut down for carrying out investment operations that fall Read More

SEC moves to enhance integrity of capital market instruments

March 7, 2022 Benjamin Umuteme Abuja 0

The Securities and Exchange Commission has stated that Issuers would henceforth be required to obtain the reference letter of “No-Objection” from their respective primary regulators and file same along with other application documents presented to the Commission. This was contained in a Circular issued by the Commission, Thursday in Abuja. The SEC states that this has become necessary in a Read More

SEC engaging other agencies to curb ponzi schemes – Yuguda

February 17, 2022 Benjamin Umuteme 0

The Securities and Exchange Commission has disclosed that it is engaging the National Orientation Agency as well as regulators of public agencies to curb the activities of illegal operators. Director General of the SEC, Mr. Lamido Yuguda stated this in a goodwill message at the opening ceremony of a National Fact-Checking Course organized by the National Orientation Agency in Abuja, Read More

Be professional in your dealing, SEC tells capital market operators

February 9, 2022 Benjamin Umuteme 0

The Securities and Exchange Commission has again restated the need for capital market operators to maintain professionalism and good ethical conduct in the discharge of their duties. The Director-General of the SEC, Mr. Lamido Yuguda who stated this during a meeting with the Chartered Institute of Stockbrokers in Abuja, Wednesday, added that it would make the market more transparent and Read More

We’re working to improve Nigeria’s capital market – SEC DG

February 7, 2022 Benjamin Umuteme 0

The Securities and Exchange Commission (SEC) has reaffirmed that it is committed to making the capital market attractive to Nigerians of all ages and status. Director-General of SEC, Mr. Lamido Yuguda stated this during a meeting with a team lead by the British Deputy High Commissioner in Abuja. Yuguda said the Commission is implementing various initiatives to ensure that products Read More

Rivers SEC approves N8.2bn 10th flyover, access to COVID-19 fund

January 28, 2022 Godwin Egba 0

The Rivers State Executive Council (SEC) has given approval for the state government to embark on construction of N8.2 billion 10th flyover in the state capital and another approval to access the Central Bank of Nigeria (CBN) COVID-19 Support Fund as its share of the Healthcare Support Credit Facility Fund established by the apex bank. The approval was given at Read More

SEC lauds NGX, CSCS, others on market devt

January 20, 2022 Benjamin Umuteme 0

The Securities and Exchange Commission has commended the Nigerian Exchange Limited, the Central Securities Clearing System and other capital market stakeholders for professionally working to develop the Market while pulling through the challenges brought by Covid-19 Pandemic and its variants. Director General of the SEC, Mr. Lamido Yuguda who spoke at a meeting with Capital Market Stakeholders Wednesday in Abuja Read More

SEC commences regulatory fee on fixed income transactions Jan 1

December 17, 2021 Blueprint 0

The securities and Exchange Commission is to commence regulatory fee on fixed income (Bonds) secondary market transactions with effect from January 1, 2022. This was contained in a Circular dated December 15, 2021 and signed by the Management of the SEC. According to the Commission, “This circular is made pursuant to Section 13(u) of the Investments and Securities Act (ISA), Read More

We need to encourage global acceptance of Nigeria’s commodities – SEC

November 9, 2021 Amaka Ifeakandu 0

The Securities and Exchange Commission has stated the need to reduce the substandard commodities in the market and encourage global acceptance of commodities produced in Nigeria. Executive Commissioner Operations SEC, Mr. Dayo Obisan stated this during a Commodities Standards Sensitisation Workshop held in Lagos Monday. Obisan said that it is globally recognized that the unique feature of the commodities exchange Read More

SEC to partner SON on commodities standards

November 8, 2021 Benjamin Umuteme 0

The Securities and Exchange Commission and the Standards Organisation of Nigeria are set to take their collaboration on Commodities Trading Ecosystem a step further with the hosting of a Commodities Standards Sensitisation Workshop. The workshop which holds Monday and Tuesday in Lagos will see Processors, Farmer Groups, Exporters, Farmer Co-operatives, Merchants/off takers as well as Agric Extension Officers in attendance. Read More

Keren: HURIWA to mobilise youths against Ministers over inaction on rape victim

November 4, 2021 Bode Olagoke 0

The Human Rights Writers Association (HURIWA) has berated the Minster of Women Affairs, Dame Pauline Tallen and her counterpart in the ministry of education, Mallam Adamu Adamu, over their alleged inaction with regards to the rape of a – 14 year old boarding student of Premiere Academy, Lugbe, Keren-Happuch Akpagher, which eventually led to her death. Mother of Keren-Happuch, Vivien Read More

Groups petition IG, others, over plot to smear Buhari, Emefiele

November 3, 2021 Lekan Shehinde 0

Two groups, Nigeria First Movement and True Nigeria Patriots have raised alarm over plot by some persons, described as impostors using the names of the organizations to smear the name President Muhammadu Buhari and Mr. Godwin Emefiele, the Governor of the Central Bank of Nigeria.  The groups alleged that faceless persons have set out to use their names and organise protests by Read More

ADP ‘ll rescue Anambra from APGA’s bondage – Yabagi Sani

November 1, 2021 Bode Olagoke 0

National chairman of the Action Democratic Party (ADP) Engr. Yabagi Yusuf Sani, has said his party has prepared a blueprint that will rescue Anambra state from what he described as ‘bondage imposed by the ruling All Progressive Grand Alliance (APGA) and other political parties. Sani also expressed confidence that his party will emerged victorious in the forthcoming governorship election. Speaking Read More

PGF boss to Ayu: Investigate mismanagement of N30bn mobilised for PDP secretariat

November 1, 2021 Bode Olagoke 0

A chieftain of the ruling All Progressives Congress (APC) and Director General of the Progressive Governors Forum (PGF) has challenged the new leadership of the Peoples Democratic Party (PDP) under Dr. Iyorchia Ayu, to investigate the mismanagement of N30 billions mobilised for the construction of its national secretariat. The APC chieftain also commended the opposition party for organising a successful Read More

Enugu APC chairman mocks PDP over pledge to rescue Nigeria

October 31, 2021 Bode Olagoke 0

The newly elected Enugu State Chairman of the All Progressive Congress (APC), Comrade Adolphus Udeh has mocked the Peoples Democratic Party (PDP) over its pledge to rescue Nigeria. According to Udeh, before rescuing Nigeria, PDP should first account for the uncountable underdevelopment obstacles the party embedded in the system,   prior to their exit from power in 2015. In a press Read More

CUPP condemns Plateau speaker’s removal, says impunity by APC must be curtailed

October 28, 2021 Lekan Shehinde 0

The Coalition of United Political Parties (CUPP) Thursday reacted to the removal of the Speaker of Plateau state House of Assembly, Ayuba Abot, saying impunity of Governor Simon Lalong must be curtailed before they derail the nation’s democracy. CUPP, which linked the removal to the alleged plot by President Muhammadu Buhari to remain in power beyond 2023, added that it Read More

APC appeal com’tt okay Niger Congress, says no petition, complaint received

October 27, 2021 Bode Olagoke 0

The Chairman of the State Congress Appeal Committee in Niger state, Chief Ray Morphy, has said that his committee did not recieve petition or complaint regarding the recently conducted state congress of the ruling All Progressives Congress (APC) in Niger state. Chief Morphy declared that the appeal committee’s exercise was open, inclusive and democratic. The national secretariat of APC had Read More

Insecurity: Stop tagging terrorism as banditry, Akeredolu warns

October 25, 2021 Bode Olagoke 0

Ondo state governor, Arakunrin Oluwarotimi Akeredolu, SAN, has warned that the various criminal activities of kidnapping, bombing and assault on the people in some parts of the country which are being referred to as banditry must be appropriately addressed as terrorism. Governor Akeredolu said that infiltration of the country’s borders and burning down of railway are activities that must be Read More

Again, gunmen set police division ablaze, kill sergeant in Ebonyi

October 18, 2021 Amarachukwu EgwuAgha 0

Unidentified gunmen at about 12 midnight Sunday invaded Ohaukwu Police Division at 135, Ezzamgbo, Ohaukwu local government area, Ebonyi state and set the station ablaze. The gunmen were also said to have killed a police Sergeant and burnt vehicles at the station. Confirming the incident,the state Police Public Spokesperson, DSP. Loveth Odah, said policemen on duty repelled the attack but regretted that Read More