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Fraud: Capital Market Participants To Get Unique Identifiers — SEC

Mariam Sanni The Securities and Exchange Commission (SEC), says capital market participants are to be given unique identifiers to curb issues of fraud in the market. According to the SEC, the unique identifiers will also reduce the high number of

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Yobe Governor Buni Approves N12.7billion For Capital Projects

Hassan Jirgi, Damaturu Yobe State Governor Hon Mai Mala Buni, has approved the sum of N12.7billion for capital projects across the state. Hon Mala Buni Thursday presided over the State Executives Council (SEC) meeting at the Government House Damaturu. Briefing

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SEC Approves 7 NGX’s Derivatives Contracts

Mariam Sanni, Abuja The Nigerian Exchange (NGX) Limited has announced that it has received approval for seven derivatives contracts from the Securities and Exchange Commission (SEC) on June 28. The NGX Chief Executive Officer, Mr Temi Popoola, disclosed this in

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SEC Sets Deadline For Crowd Funding Registration

Mariam Sanni The Securities and Exchange Commission has directed all existing investment crowdfunding portals/digital commodities investment platforms to note the requirements and eligibility criteria for raising funds through and/or operating a Crowdfunding Portal and comply with the registration requirements or

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SEC Warns Firms Dealing On Illegal Foreign Investment

Mariam Sanni The Securities and Exchange Commission (SEC) has warned Nigerian investors against patronising unregistered online investment and trading platforms, which boast of facilitating access to securities, listed in foreign markets. In a circular just released, the Commission noted the

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Nigeria’s Rising Debt Servicing, An Economic Threat – SEC

Mariam Sanni, Abuja The increasing debt service of Nigeria is an economic threat to the country, the Securities and Exchange Commission declared. But this might not stop the Federal Government from borrowing to fund the 2021 budget, as the Minister

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SEC, CAC Okays NSE Demutualisation Exercise

The Nigerian Stock Exchange  (NSE) has been given the final approval by the Securities and Exchange Commission (SEC) and the Corporate Affairs Commission (CAC) for its demutualisation exercise. The NSE said in a statement on Wednesday obtained by the News Agency

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Cryptocurrency: We Acted in Nigerians’ Best Interest – Emefiele

Mariam Sanni,Abuja The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele says the Bank’s decision to prohibit deposit money banks, non-banking institutions and Other Financial Institutions from facilitating trading and dealings in cryptocurrency is in the best interest of

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SEC Sets Fresh Rules On Collective Investment Schemes

aliyu galadima The Securities and Exchange Commission (SEC) has released rules for collective investment schemes (CIS) prescribing that units of a collective investment scheme shall be registered by the Commission. According to the new rules, units subject to registration by

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Oando: Operators Seek FG Intervention

Capital market operators on Wednesday called for urgent intervention of the Federal Government in the conflict between the Securities and Exchange Commission (SEC) and Oando Plc. They made the call in interviews with the News Agency of Nigeria (NAN) in

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