August 16, 2020/SEC Nigeria The Securities and Exchange Commission (SEC) has announced that the first Capital Market Committee (CMC) meeting in 2020 is scheduled to hold from Thursday August 20 to Friday August 21, 2020. A CMC Meeting planned for April 2020 could not hold owing to the prevailing lockdown imposed by the FGN during the period. […]
Capital Market
Custodian Investment to acquire 51% equity in UACN Property
August 4, 2020/Punch Johnson Okafor The board of directors of UAC of Nigeria Plc has announced that a binding agreement has been signed with Custodian Investment Plc for Custodian to purchase a 51 per cent equity interest in UACN Property Development Company Plc. The agreement, according to statement obtained from […]
NSE Proposes Rules on Outsourcing of Functions, Shared Services, Broker to Fintech Collaborations
August 3, 2020/NSE I. Introduction The Nigerian Stock Exchange (The Exchange) is proposing the following new rules as additions to the Rulebook of The Exchange (Dealing Members’ Rules): (a) Proposed Rules on Outsourcing of Functions and Shared Services; (b) Proposed Rules for Broker to Fintech Collaborations. II. Summary […]
