Capital Market

NASCON Names Paul Edward Farrer as New MD

By InvestAdvocate Lagos (INVESTADVOCATE)-Salt producer, National Salt Company of Nigeria Plc (NASCON) said on Monday it has appointed Paul Edward Farrer as its new managing director (MD), the company said in an issuer’s announcement with the Nigerian Stock Exchange (NSE). NASCON said the appointment of Edward came on the heels […]

SEC Nigeria Suspends Rule 42 Subsection 5e

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) said on Monday it has approved the suspension of Rule 42 (5)(e) of the Consolidated Rules and Regulations  of the Commission for 90 days, effective February 25, 2015.  “Membership of an audit committee shall be for a term of three (3) […]

Exclusive: SEC plans to level playing field for newer ETF firms

Mon Mar 2, 2015/Reuters The U.S. Securities and Exchange Commission may strip Vanguard Group, BlackRock Inc and State Street Corp, the oldest and biggest providers of exchange-traded funds, of an advantage they hold over newer rivals in how they assemble the shares of their funds, said sources familiar with the […]