Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) Thursday appointed a 21 Member Committee to demutualise the Nation’s Stock Exchange. Senator Udoma Udoma, Chairman of Nigeria’s SEC at the inauguration said that the Committee was set up to advice the Commission and not that of implementation. According to […]

A transaction structure has been agreed to under the terms of the Transaction Implementation Agreement (“TIA”) signed on July 12, 2011 between Union Bank of Nigeria Plc (“Union Bank”) and African Capital Alliance Consortium (“the ACA). Under the Terms of the TIA, the Bank’s capital will be reorganized as follows: […]

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) will on Thursday September 22 2011 inaugurate the Demutualisation Committee that will make recommendations towards implementing same on the Nigerian Stock Exchange (NSE). This was contained in a Statement Wednesday by Ismaila Ville; Head, Corporate Affairs of Nigeria’s SEC and made available […]