Elections in all the “fragile five” emerging economies next year, along with the thorny topics of Syria and Iran, will make life tricky for investors trying to steer through political risks in developing markets after a hairy 2013. The withdrawal of U.S. monetary stimulus will set the backdrop for the […]
Capital Market
Amendment to Rule 279 (5) Shelf Registration
Pursuant to Section 313(6) of the Investments and Securities Act 2007, the following proposed/new rules and amendments are made by the Commission. Rule 279 (5) (ii) of the Rules and Regulations is amended by the inclusion of the following provisions: 1. A shelf prospectus relating to non-equity securities issued by Supranational Agencies shall be […]
Nigeria’s SEC Increase Broker/Dealer Capital Requirement to N300 million
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) said it has increased the capital requirement for operators in the Nigerian Capital Market (NCM) as broker/dealers are now expected to shore up their capital base to N300 million from N70 million. SEC said in its official website that […]
