The Securities and Exchange Commission (SEC) is planning to partner the Federal Inland Revenue Service (FIRS), the Corporate Affairs Commission (CAC), and the Nigerian Stock Exchange (NSE), over Oando Plc‘s alleged corporate infractions.
The capital market regulator disclosed that it plans to...
Institute of Directors The Institute of Directors (IoD) Nigeria, has set up a panel to investigate the crisis between the Securities and Exchange Commission (SEC), and Oando Plc.
IoD, which said it has issued public comments accordingly, also mandated its committees …
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The Federal Government on Monday inaugurated the Board of the Securities and Exchange Commission (SEC). Buhari had in 2015 dismissed Peter Obi as Chairman of SEC after his appointment by former President Goodluck Jonathan.
The investiture which was conducted by the Permanent Secretary of the...
One of the “Big Four” accounting firms in the world, Deloitte Touche Tohmatsu Limited, has reacted to the lingering issue between Oando Plc and the Securities and Exchange Commission (SEC).
In a statement made available to the public, the accounting firm threatened that “it may resort to...
Some shareholders of Oando Plc yesterday showed their disagreement with the Securities and Exchange Commission (SEC) over the suspension of the company’s annual general meeting (AGM).
The company’s AGM, which was supposed to hold yesterday, June 11, 2019, was suspended by SEC …
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The Securities and Exchange Commission (SEC) on Sunday said that Oando Plc was given sufficient opportunity of being heard before it was penalised.
The commission, in a statement signed by its spokesperson, Mrs Efe Ebelo, in Lagos said that there were various opportunities by the company to...
Documents made available by the Securities and Exchange Commission has shown that Oando over-deducted withholding tax from the dividends paid to shareholders.
The company was reported to have deducted 24% of dividends as withholding tax instead of the 10% stipulated by the Federal Inland...
Oando Plc has demanded from the Securities and Exchange Commission the report of the forensic audit carried out by Deloitte & Touche for it to have a better understanding of the findings that culminated in the decisions taken by the commission.
SEC, on Friday, announced the conclusion of …...
The Securities and Exchange Commission has banned the Group Executive Officer, Jubril Adewale Tinubu and Deputy, Mr. Omamofe Boyo from the position of Directors for the next 5 years.
The SEC made the decision to curb identified violations in the company. The information was made available via...
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The Securities and Exchange Commission, SEC, said yesterday that the country’s infrastructure deficit would hit 878 billion dollars by 2040 and called for active utilisation of green bond for infrastructural gap.
Nigerian Stock Exchange NSE Ms. Mary Uduk, SEC Acting Director-General, said this...
Great Nigeria Insurance (GNI) Plc has denied receiving any regulatory sanctions for insider trading from the Securities and Exchange Commission (SEC) or National Insurance Commission (NAICOM).
This, according to the company, was contrary to allegations by the House of Representatives...
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Acting Director-General of the Securities and Exchange Commission (SEC), Mary Uduk has tasked MTN Group on official filing of the Initial Public Offering (IPO) prospectus to the commission.
Uduk, while reacting further over recent media reports that MTN Nigeria is good …
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Oando Plc and seven other companies outperformed stocks on the Nigerian Stock Exchange (NSE) in April to emerge as top performing equities in percentage terms.
Oando emerged as the best performing equity with.....
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The Securities and Exchange Commission (SEC) Thursday clarified that there was to controversy over the lifting of the suspension on trading in the shares of Oando Plc.
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The House of Representatives probe into the circumstances that led to the suspension of the Director General of the Securities and Exchange Commission (SEC), Mounir Gwarzo, has commenced.
The probe, which is carried out by the Committee on Capital Market and Institutions, headed by Tajudeen...
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The Securities and Exchange Commission (SEC) has directed the Nigerian Stock Exchange (NSE) to suspend trading in the shares of indigenous energy firm, Oando Plc.
A statement on NSE’s website said the exchange is to implement a full suspension in the trading of the security, effective for 48...
The Securities and Exchange Commission issued fresh warning to Nigerians against patronising the ponzi scheme, MMM Nigeria.
The scheme, which was suspended by its operators in December last year, had commenced operations on Friday.
MMM had directed its members to provide ‘help and get help,’...
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