The Central Bank of Nigeria (CBN), the Securities & Exchange Commission (SEC), the Economic & Financial Crimes Commission (EFCC), under the Inter-Agency Committee on Illegal Fund Managers/’Wonder Banks’ have once more alerted the public on the resurgence of the operators. According to a statement, the committee, whose members also include […]
Tag: Securities and Exchange Commission
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 […]
Budget: Stakeholders agonise as SEC, lawmakers’ crisis deepens
The refusal of the National Assembly to approve the budget of the Securities and Exchange Commission has generated heat in the last few months. UDEME EKWERE examines the impasse, which is affecting capital market operations. The ongoing face-off between the National Assembly and the management of the Securities and Exchange […]
