Capital Market

Bears Dominate Local Bourse, Drags ASI Lower 0.36% on Weak Investors Confidence

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-As expected, the bears dominated the domestic bourse, dragging the all-share index lower by 0.36 percent to close at 26,278.20 points. “Following today’s negative close, the Year-to-Date loss increased to -2.22 percent,” according to Cordros daily market update. The report says the Consumer Goods index […]

SEC Proposes New Rules for Capital Market Holding Companies

17/1/2017/SEC NEW RULE: CAPITAL MARKET HOLDING COMPANIES RULES This Rule is proposed to create a robust framework for the regulation and supervision of Capital Market Holding Companies (CMHC). The Rule encompasses the entire spectrum of the regulation of CMHCs: pre-registration requirements, registration requirements, corporate governance structure, ownership and control, permissible […]

SEC Extends Free E-Dividend Registration to 30th June 2017

17/1/2017/SEC The Securities and Exchange Commission (SEC) is pleased to notify the investing public that in a bid to curb the growth of unclaimed dividend in the capital market, it will continue to underwrite the cost of E-Dividend enrolment till 30th June, 2017. And with a view to ensuring all investors benefit […]