May 14, 2024/SEC Nigeria The Securities & Exchange Commission (SEC) is seeking to regulate debt issuances by private companies and has recently published a draft of the new rules for comments. The Draft is the legal framework under which private companies can raise capital publicly without converting to a public […]
Capital Market
New Rules: SEC Says Unapproved Issuance Of Securities to Attract N10m Penalty
…SEC Issues New Rules on Issuance and Allotment of Private Companies’ Securities May 9, 2024/SEC Nigeria The Securities and Exchange Commission (SEC Nigeria) has exposed New Rules on Issuance and Allotment by Private Companies Securities declaring that any person who issues or allots securities without its prior approval or violates […]
NGX Group Optimizes Operations Post-AGM, Releases Stellar Q1 ’24 numbers
May 2, 2024/NGX Following its recently concluded Annual General Meeting, Nigerian Exchange Group Plc (NGX Group) has unveiled stellar Q1 2024 results, signaling a promising trajectory for the company. The Group reported an impressive N2 billion in Profit before Tax, bolstered by robust growth in operating margins and operational efficiencies. […]
