The House of Representatives on Wednesday warned the Securities and Exchange Commission on the consequences of flouting the 2013 Appropriation Act which bars the agency from spending any fund this year. The National Assembly gave zero allocation to SEC in the N4.9tr 2013 budget it was passed on December 20, […]
Tag: Securities and Exchange Commission
SEC Out with New Rule to Boost Fixed Income Market
As part of efforts to deepen the capital market and make fixed income securities issuing process faster, the Securities and Exchange Commission (SEC) has introduced a new rule that will facilitate price discovery and marketing ahead of the opening of offers. SEC had in 2009 introduced Book Building process, which […]
SEC Bullish on IPOs, Approves N57bn New Issues in 6 Months
Strong indications have emerged that the Nigerian capital market would soon witness a wave of initial public offerings (IPOs), following relative improvement in the prices of stocks in the Nigerian capital market. IPOs are enabling either listed companies or unlisted companies to issue fresh shares the investing public to raise […]
