June 5, 2017/SEC The Securities and Exchange Commission (SEC) is to revoke the registration of about 400 Capital Market Experts or Professionals who do not comply with the directive to provide updated information of their companies/firms by July 31, 2017. According to a circular from SEC, “any firm whose […]
Updates
NIPCO Gets SEC’s Approval to Buy-out Mobil Shareholders
Culled—Proshare Monday, June 05, 2017 1.34PM / Thisday Following the successful acquisition of 60 per cent equity stake of Mobil Oil Nigeria Plc by Nipco Investment Limited (NIL) from ExxonMobil Oil Corporation, the company has applied to regulators to acquire additional shares from minority shareholders. The financial transaction, which is […]
Nigerian share index hits 23-month high
June 5, 2017/Reuters Nigeria stocks extended their rally for the fifth consecutive day on Monday, helped by gains in cement, fuel retailing and banking stocks. A rise in Dangote Cement, which accounts for a third of the market’s value, pushed up the overall index to 3.86 percent to cross 32,000 […]
