Securities and Exchange Commission (SEC – Nigeria) News

Is Nigeria's $300 million diaspora bond a worthwhile investment

Is Nigeria's $300 million diaspora bond a worthwhile investment?

Having been in the pipeline for some time now, Nigeria’s $300m London Stock Exchange-listed diaspora bond went down very well with investors, being 130% oversubscribed.

Arunma Oteh, Vice President and Treasurer, World Bank; former Director General of Nigeria's SEC

Harvard Business School Interview: In My Humble Opinion by Arunma Oteh, Vice President and Treasurer, World Bank; former Director General of Nigeria's SEC

World Bank VP and Treasurer Arunma Oteh (Harvard MBA, 1990) has a clear sense of why she likes her job.

MTN Nigeria

MTN Nigeria begins IPO discussions

MTN has commenced talks with the Nigerian Securities and Exchange Commission (SEC) regarding an initial public offering in 2017.

Diageo to increase equity stake In Guinness Nigeria to 70%

Diageo to increase equity stake In Guinness Nigeria to 70%

Diageo Plc. said that it has approached the Board of Directors of Guinness Nigeria plc with an intention to make an offer to increase its equity stake in Guinness Nigeria from 54.3% up to a maximum of 70% and to maintain Guinness Nigeria’s listing on the Nigerian Stock Exchange.

Arunma Oteh, former Director General of Nigeria's SEC and incoming World Bank Vice President and Treasurer

Former Director General of Nigeria's SEC Arunma Oteh appointed World Bank Vice President and Treasurer

World Bank President Jim Yong Kim today announced the appointment of Arunma Oteh as Vice President and Treasurer of the World Bank.

Verod Capital Management

Private equity firm Verod Capital completes management buyout of Union Trustees Limited

Verod Capital has along with the management team of Union Trustees Limited acquired Union Trustees Limited.

Unilever CEO Paul Polman (L) and Lagos Governor Babatunde Fashola: Polman visited Nigeria last year to reaffirm the company's commitment to the country.

Unilever looks to invest €200M in its Nigeria business to maximize equity stake

Unilever Overseas Holdings B.V. has announced its intention to make an offer to increase its equity stake in Unilever Nigeria PLC as it looks to grow its business in the country and continue its long term commitment in African markets.

Nigerian presidential candidate Remi Sonaiya says "Women cannot keep on being cheerleaders in this country" (AFP Photo/Pius Utomi Ekpei)

Remi Sonaiya: Nigeria's first female presidential candidate done with 'cheerleading'

The two main candidates for the governorship of Nigeria’s Lagos state took to the stage, making a flurry of promises to the all-female audience at the select Cosmopolitan Women’s Club.

Arunma Oteh, former Director General of Nigeria's Securities and Exchange Commission (SEC)

Mounir Gwarzo is named Acting Director General of Nigeria’s Securities and Exchange Commission (SEC)

Nigeria’s Securities and Exchange Commission (SEC), on Monday, named Mounir Gwarzo as its new Acting Director General.

Arunma Oteh, Director General of Nigeria’s Securities and Exchange Commission (SEC)

Nigeria's SEC announces exit of Director General Arunma Oteh

Nigeria’s Securities and Exchange Commission (SEC) on Sunday announced the exit of Arunma Oteh as the SEC’s Director General.

Over 100 stock brokerage firms comply with Nigerian Securities and Exchange Commission’s new capitalization requirement.

Over 100 stock brokerage firms comply with Nigerian Securities and Exchange Commission's new capitalization requirement

Over 100 broker-dealers operating in Nigeria’s capital market have been able to comply with the new minimum capital requirement established by Nigeria’s Securities and Exchange Commission (SEC).

Nicky Newton-King, CEO, Johannesburg Stock Exchange (JSE)

African Women To Watch: Capital Markets (Video)

Stock markets across Africa have made steady progress across the last decade. Since 2002, Africa’s five leading exchanges have tripled the combined market capitalization of listed companies.

Kingsley Moghalu, Former Deputy Governor of the Central Bank of Nigeria (CBN)

Deputy Governor of Nigeria's Central Bank Kingsley Moghalu announces resignation

Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Chiedu Moghalu, has announced that he is leaving the bank after his completion of a five-year term.

Oscar Onyema, CEO, Nigerian Stock Exchange (NSE)

Nigerian Stock Exchange joins the World Federation of Exchanges

The Nigerian Stock Exchange became a full member of the World Federation of Exchanges on Tuesday, just as it prepares to woo Asian fund managers.

Heineken

Heineken wins regulatory approval to merge Nigerian Breweries & Consolidated Breweries

Nigerian Breweries (NB) said on Monday it won regulatory approval to merge its operations with rival Consolidated Breweries, majority owned by its parent firm Heineken.

Exchange-Traded Funds (ETFs)

Nigerian Stock Exchange investors urged to take advantage of soon-to-launched Stanbic IBTC NSE-30 ETF

Chief Executive Officer, Stanbic IBTC Asset Management Limited, Mr. Olumide Oyetan, has advised investors to take advantage of its on-going N1 billion initial public offer for the Stanbic IBTC Exchange Traded Fund Stanbic IBTC ETF 30 to invest in a low cost instrument that will deliver the required market return from the NSE 30 Index of the Nigerian Stock Exchange NSE.

Stock Exchange Market Data

Stanbic IBTC opens N1B IPO for ETF that tracks Nigerian Stock Exchange's NSE 30 index

Stanbic IBTC Asset Management, a member of Standard Bank Group, has opened its initial public offering for the Stanbic IBTC Exchange Traded Fund 30 (ETF 30), with 10,000,000 units of the fund available at N100 each at par.

Nigerian Stock Exchange

Nigerian Stock Exchange to Introduce Nigerian Depository Receipts

The Nigerian Stock Exchange is planning to introduce Nigerian Depository Receipts (NDRs)  as part of its efforts to satisfy  the investment needs of investors in the Nigerian capital market.