Companies, which violate the rules governing the newly introduced online information-disclosure portal of the Nigerian Stock Exchange (NSE) would be liable to a fine of 50 per cent of their yearly listing fees, according to the draft rules on the use of the issuers’ portal obtained by The Nation. Companies […]
Tag: Nigerian Stock exchange
Exchange Council Approves New Rules for Brokers
The Council of the Nigerian Stock Exchange (NSE) has approved many new rules and made amendments to the rules governing dealing members. In a notification entitled: Additions and amendments to rules and regulations governing dealing members and invitation for comments, sent to licensed stockbrokers, the NSE indicated that the new […]
Wema gets SEC, NSE approval to raise N35bn
Wema Bank Plc has received approval from the Nigerian Stock Exchange and the Securities and Exchange Commission to raise N35bn through special placing. The bank had earlier announced plans to issue 23.33 billion ordinary shares of 50k each at N1.50 per share, and will thereafter, list the additional shares on […]
