United Bank for Africa Plc has secured the approval of the Securities and Exchange Commission to operate as a commercial bank. The bank, subsequently, will hold a court-ordered meeting to obtain the approval of shareholders for the restructuring. A statement by the bank on Friday said all non-commercial banking businesses […]
Tag: Securities and Exchange Commission
SEC, NAICOM collaborate on insurance companies regulation
The National Insurance Commission and the Securities and Exchange Commission have agreed on the need to collaborate on the supervision and regulation of insurance companies quoted on the Nigerian Stock Exchange. According to a statement issued by NAICOM on Tuesday, the Director -General, SEC, Ms Arunma Oteh, disclosed this when […]
Sack Aruma Oteh now, Senate tells Jonathan
THE Senate Thursday,urged President Goodluck Jonathan to as a matter of urgency sack the Director-General, Security and Exchange Commission, SEC, Ms. Aruma Oteh. According to the Senate, it will henceforth not have anything to do with the Commission if she remains as the head of SEC, just as it vowed […]
