Nigeria’s Security Exchange Commission, SEC, has now been reported to have invalidated the 48th annual general meeting of NEM Insurance. The insurance company held its AGM in June. Sources privy to the SEC directive said all the resolutions reached the meeting were declared null and void. The insurance was also […]
Despite its recent rejections of Bitcoin exchange-traded funds, ETF applications by new exchanges, the US Securities and Exchange Commission insist it would review the rejections. It would be recalled that the US SEC had yesterday delivered another damning verdict that saw the rejection of nine separate bitcoin ETFs. ETF provider […]
Merrill Lynch, Pierce, Fenner & Smith have all agreed to pay approximately $8.9 million to settle charges that it failed to disclose a conflict of interest arising out of its own business interests in deciding whether to continue to offer clients products managed by an outside third-party advisory firm. According […]
After several months of shares trading suspension, the Nigerian Securities and Exchange Commission, SEC has lifted the ban on the Oando. It would be recalled that the SEC had placed a trading ban on Oando’s shares on the Nigerian Stock Exchange after the regulator ordered a forensic examination into the […]
The last has not been heard about the suspension of the former Director General of the Securities and Exchange Commission, SEC, and the Oando investigations. As a follow up to the suspension of the former Director General of the Securities and Exchange Commission, SEC, Mounir Gwarzo, the house committee on […]
The journey to unravelling the real truth about the alleged financial statement misrepresentation at Oando Plc might be longer than expected. This is because the Securities and Exchange Commission (SEC) has not yet started its planned forensic audit, at least if the latest statement of Oando is anything to go […]
The Director-General of the Securities and Exchange Commission, SEC, Mr. Mounir Gwarzo has been suspended by Nigeria’s Finance Minister, Kemi Adeosun over alleged corruption allegations. In a statement issued by the finance minister published by Punch Newspaper, the minister said: “The Minister of Finance, Mrs. Kemi Adeosun, has suspended the […]
Nigeria’s Oando Plc has just lost out in its bis to stop a forensic audit of its books by the Securities and Exchange Commission, SEC. It would be recalled that the SEC had accused Oando of submitting falsified and misrepresented financial statements to the commission after some if it’s key […]
The Board of Directors of the Central Securities Clearing System (CSCS) Plc has announced the appointment of Mr. Haruna Jalo-Waziri as the Managing Director/Chief Executive Officer of the company effective 1 November 2017. Mr. Jalo-Waziri replaces Mr. Bola Adeeko who was appointed Interim Chief Executive Officer effective 1 January 2017 […]
The Securities and Exchange Commission (SEC) has banned the Managing Director of Partnership Investment Company Plc and Partnership Securities Limited Mr. Victor Ogiemwonyi for life from holding directorship position in any public company in Nigeria. Also, Mr. Henry Omoragbon Chairman of the companies was suspended for a period of 5 […]