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Regulation: SEC to Sign MoU with Morocco

  By , 06.22.2010    The Securities and Exchange Commission (SEC) will soon sign a Memorandum of Understanding (MoU) with the Moroccan Securities and Exchange Commission (Conseil Déontologique des Valeurs Mobilières-CDVM) on securities regulatory cooperation,   information obtained by THISDAY has indicated.     The Chairman of SEC, Senator Udoma Udo […]

Recapitalisation: Rights Issue to The Rescue

  By Eromosele Abiodun, 06.22.2010   When the secondary market of the Nigerian Stock Exchange (NSE) was very attractive, companies (mostly banks), which raised money during government-induced consolidation in the financial sector preferred apportioning a higher percentage of their shares on offer to new shareholders probably because most of them […]

Financial Reporting: World Bank to Assist Nigeria

  By Emele Onu, 06.23.2010    The World Bank has offered to assist Nigeria develop capacity to regulate financial reporting and also ensure that financial reporting in the country attains international standard.     The Executive Secretary of the Nigeria Accounting Standards Board, (NASB), Mr Godson Nnadi, announced the gesture […]