Author: InvestAdvocate

An Interim Administrator for the NSE by 11.00am

  August 5, 2010   Late yesterday evening, the Securities and Exchange Commission (SEC) Nigeria took a landmark step to arrest the developments in the Nigerian Stock Exchange (NSE) with the removal of all Council Members elected in defiance of the Court order directing them to cease to act as […]

Union Bank shareholders vs directors Court fixes judgment for Oct 22

  Written by Akeem Nafiu Thursday, 05 August 2010   A federal high court presided over by Justice Moha-mmed Idris in Lagos has fixed October 22 to deliver judgment in the suit filed by some aggrieved shareholders of Union Bank Plc, challenging the propriety of the appointment of executive directors […]

SEC Resolves Stock exchange Crisis – Removes Ndi Okereke & Dangote

  August 4, 2010   The Investment and Securities Act 2007 vests the unalloyed responsibility for safeguarding the interest of the public and protecting the investor on the Securities and Exchange Commission.   The Commission has closely followed the developments in the Nigeria Stock Exchange, particularly with respect to inadequate […]