securities and exchange commission (sec) news
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Business Beware Of Ponzi Schemes, SEC Warns Nigerians – Leadership Newspaper
Nigerians have again been advised to desist from investing their money in various investment schemes that are not registered to operate fund management functions. The acting director-general of the Securities and Exchange Commission (SEC), Ms. Mary Uduk disclosed this in the face of various...- Nigeria Business News
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Business Oando Waxes Stronger, Posts N315.4bn Revenue – Leadership Newspaper
Oando PLC has announced its financial results for the six months ended June 30, 2019 with a profit-after-tax (PAT) of N7.2 billion. Oando which had its operation grind to a halt during the Securities and.... Read more via Leadership Newspaper – https://ift.tt/2KcrIXg Get more: Nigeria...- Nigeria Business News
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Business SEC may not be able to impose N89.7 million fine on Oando anymore – Nairametrics
The Securities and Exchange Commission (SEC) may have lost the authority to carry out the planned imposition of N89.7 million fine on Oando Plc. The commission had announced in a letter released on May 31, 2019 that it would fine the company.... Read more via Nairametrics –...- Nigeria Business News
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Business Revisiting The SEC-Oando Plc Raging Controversies – Leadership Newspaper
Quite amusingly but with great lessons to learn from, the recent decisions taken by the Securities and Exchange Commission (SEC) on the report of a legally constituted Investigation Panel on the alleged corporate governance abuses in Oando Plc have continued to attract raging controversies with...- Nigeria Business News
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Business SEC opposes joining of Oando in Tinubu’s suit – P.M. News
Counsel to the Securities and Exchange Commission (SEC), Chief Anthony Idigbe (SAN), on Monday opposed an application seeking to join Oando Plc in a suit filed its Group Chief Executive Officer, Mr Adewale Tinubu, and his deputy, Mr Omamofe Boyo..... Read more via P.M. News –...- Nigeria Business News
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Business New SEC Board Urged To Review Oando Sanction – Leadership Newspaper
As the federal government inaugurates the new board of the Securities and Exchange Commission (SEC), a group, Initiative for Leadership and Economic Watch in Nigeria, has appealed to the members to review the sanctions imposed on Oando Plc by the management team. The group also charged …...- Nigeria Business News
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Business Still On SEC And The Oando Case – Leadership Newspaper
Oando finally responded to the Securities and Exchange Commission’s (SEC) Sunday, June 9, 2019 press release in which the Commission said it had given Oando sufficient opportunity of being heard and.... Read more via Leadership Newspaper – http://bit.ly/2N49U5s Get more: Nigeria Business News- Nigeria Business News
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Business Oando leads this week’s watchlist as lawsuit against SEC resumes – Nairametrics
Stocks to watch comprises the top gainers and losers from the previous week, companies that will be having corporate actions this week, and those that made announcements after Friday’s closing bell.... Read more via Nairametrics – http://bit.ly/2N8oSaw Get more: Nigeria Business News- Nigeria Business News
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Business MTN loses N305bn in 17 days amid waning appetite – Newtelegraph
The Nigerian Stock Exchange (NSE) had, on May 16, 2019, admitted 20.354 billion units of MTN Nigeria Plc.’s shares at N90.00 per share on the premium board Investors in the shares of MTN Nigeria Communications Plc. have recorded a loss of N305 billion… Read more via Newtelegraph –...- Nigeria Business News
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Business We were not given fair hearing, Oando insists – The Guardian Nigeria News
Oando Plc Again, the embattled management of Oando Plc has accused the Securities and Exchange Commission (SEC), of not granting it fair hearing before dissolving its board.... Read more via The Guardian Nigeria News – http://bit.ly/2Fdn0qI Get more: Nigeria Business News- Nigeria Business News
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Business Oando Saga: Operators want firm, holistic regulatory handling to protect investors – Premium Times Nigeria
Capital market operators on Wednesday urged firm and holistic handling of the conflict between the Securities and Exchange Commission (SEC) and Oando PLC to protect investors’ interest in the..... Read more via Premium Times Nigeria – http://bit.ly/2Z7X1sf Get more: Nigeria Business News- Nigeria Business News
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Business Oando saga: Operators seek federal government intervention, laud SEC’s audit outcome – TODAY.NG
Capital market operators on Wednesday called for urgent intervention of the Federal Government in the conflict between the Securities and Exchange Commission (SEC) and Oando Plc. They made the call in interviews with newsmen in Lagos They reacted to the outcome of a forensic audit on Oando...- Nigeria Business News
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Business Stakeholders condemn SEC actions against Oando – TODAY.NG
Following what can now be termed the longest forensic audit in the history of the Nigerian Securities & Exchange Commission (SEC) they published far reaching pronouncements and sanctions against Oando PLC’s principals said to be the outcome of the investigation into the company’s business. SEC...- Nigeria Business News
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Business Oando: Concerns Mount over Non-release of Forensic Report – Thisdaylive
As the executive management of the Securities and Exchange Commission (SEC) meets today to decide the way forward on Oando Plc after a Federal High Court sitting in Lagos suspended the sanctions the capital market regulators … Read more via Thisdaylive – http://bit.ly/2HVpf3G Get more...- Nigeria Business News
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Business Oando’s share price falls to its lowest in 2019 despite court win – Nairametrics
A court win has failed to save Oando Plc‘s share price from crashing because the company recorded the highest drop this year due to the battle between Oando Plc‘s management and the Securities and Exchange Commission (SEC). The share price was already unbalanced in the last days of May...- Nigeria Business News
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Business Oando denies ‘official statement’ as SEC’s interim management takes over – Nairametrics
Oando Plc has denied releasing an ‘official statement‘ in response to the allegations brought up against it by the Securities and Exchange Commission (SEC). This disclosure comes a day (Sunday) before the company was supposed to welcome an interim management team. In a statement issued to the...- Nigeria Business News
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Business Oando: We’re not aware of appointment of interim management team by SEC – TODAY.NG
Oando Plc on Monday said that it had yet to receive any letter from the Securities and Exchange Commission (SEC) on the appointment of its interim management team. A competent source in the company, who pleaded anonymity, told newsmen in Lagos that Oando had yet to be notified … Read more...- Nigeria Business News
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Business Wale Tinubu gets restraining order against SEC, Mutiu Sunmonu – TheCable
Adewale Tinubu, embattled chief executive officer of Oando Plc, has obtained a court injunction against the Securities and Exchange Commission (SEC). According to court papers seen by TheCable on Monday, Tinubu filed an application before the federal high court in Lagos.... Read more via...- Nigeria Business News
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Business Nigeria’s Securities And Exchange Commission Details How Wale Tinubu, Alake of Egbaland And Other Directors Ruined OANDO – SaharaReporters
Fresh facts have emerged concerning the alleged infractions and false disclosures by Oando Plc which prompted the Securities and Exchange Commission (SEC) to mandate the oil firm’s Group Chief Executive Officer, Wale Tinubu, his deputy, Omamofe Boyo, and other board members … Read more via...- Nigeria Business News
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Business Oando Plc issues detailed response to SEC’s order – Nairametrics
Oando Plc has issued a detailed response to decisions taken by the Securities and Exchange Commission (SEC) following the conclusion of a forensic audit. The commission had last Friday, given the following directives to the company.... Read more via Nairametrics – http://bit.ly/2JR1s7m Get...- Nigeria Business News
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