In line with its resolve of returning sanity to the equity market, the Nigerian Stock Exchange, NSE, said it fined five stockbroking firms the sum of N17 million in 2013 for contravening various rules and regulation guiding operation in the market. The stockbroking firms involved are Calyx Securities Ltd, Apel […]
Tag: Stockbroking Firms
SEC Plans Independent Director for Broking Firms
The Securities and Exchange Commission (SEC) is planning to introduce independent directors to the boards of stockbroking firms as part of efforts to strengthen corporate governance among broking firms and restore investor confidence in the market. Currently, listed companies are required to have independent directors on their board, who are […]
Market Makers Set to Commence Operations
The Nigerian Stock Exchange (NSE) has said market makers appointed about three months ago will begin operations any moment from now as issues delaying their commencement are being sorted out. The Chief Executive Officer of NSE, Mr. Oscar Onyema, disclosed this while responding to THISDAY’s enquiries on the delay in […]
