NASD Plc has announced that it will partner the Securities and Exchange Commission and other regulators to reduce market infractions. The Managing Director, NASD, Mr. Bola Ajomale, announced this at a media briefing in Lagos on Friday. He said the company had also entered into an agreement with the Central […]
Tag: Securities and Exchange Commission
Transcorp Extends N13bn Rights Issue
The Securities and Exchange Commission (SEC) has approved a one-week extension for the Transnational Corporation of Nigeria (Transcorp) rights issue to enable wider shareholder participation. Transcorp is issuing 12.906 billion shares of 50 kobo each at N1 per share via rights issue to raise fresh funds to finance its power […]
AMCON Reviews Agents Agreements for Securities Lending
Securities lending will soon take root in the Nigerian capital market as prospective lenders and appointed securities lending agents are reviewing their agreements and proposals expected to facilitate the process. Securities lending, which is the act of loaning a stock, derivative, other securities to an investor or firm is an […]
