In an unprecedented, but calculated move, the Securities and Exchange Commission (SEC) recently commenced a clampdown on the activities of a wonder bank, New Nation, with branch network spread across 32 states of the Federation including the Federal Capital Territory, (FCT). The commission’s Acting Director, Enforcement, Eric Elujekor, described the […]
Tag: Securities and Exchange Commission
FBN Life Completes Acquisition of 71.2% Stake of Oasis Insurance
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- FBN Life Assurance Limited has completed the acquisition of 71.2 percent stake in insurance firm Oasis Insurance Plc. This is contained in an announcement Monday from FBN Holdings Plc the parent company of FBN Life Assurance to the Nigerian stock exchange and made available […]
SEC to Sanction Public Companies for Non-Registration of Securities
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) Tuesday said it will sanction all public companies that are yet to comply with its directive to do so. The commission in a circular posted on its website said at the expiration of June 30, 2014, all public companies […]
