By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) has proposed a minimum of N20 million Paid-Up Capital for Fund Managers of Private Equity Funds. This is contained in the proposed New Rules and Amendment of SEC Rules November 2012. Click here to download Report
Tag: Securities and Exchange Commission
Retail Investors May be Restricted to Mutual Funds
Retail investors may be prohibited from investing directly in the Nigerian equities market if the recommendation of the Committee for the Resuscitation of the Capital Market set up by the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, is adopted. Currently, retail investors with as low […]
Linkage Assurance to issue 2.897 billion ordinary shares
Board of Linkage Assurance Plc has said that it plans to raise 2.89 billion ordinary shares in the authorised share capital of the company, through a special placement, at a price of 50k per ordinary share. During an extraordinary general meeting of the firm in Lagos, the shareholders endorsed this […]
