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SEC approves CEOs of NSE successor entities

Ebuka Daniel The National Council of the Nigerian Stock Exchange has approved the appointments of Chief Executive Officers to head its non-operating holding company and operating subsidiaries. The NSE said this in a statement, adding that under the demutualisation plan, a new non-operating holding company, the Nigerian Exchange Group had …

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Nigeria’s Unclaimed Dividends Hit N158.44bn in 2019

The total unclaimed dividend figure in the Nigerian capital market stood at N158.44 billion as of December 2019, the News Agency of Nigeria (NAN) reports. Data obtained exclusively by NAN from the Securities and Exchange Commission (SEC) show that the figure is still on the increase in spite of e-dividend …

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Nigeria’s SEC Wary of Increasing Ponzi Schemes

The Securities and Exchange Commission, (SEC) has warned Nigerians against the activities of Ponzi and other fraudulent investment schemes targeting unsuspecting citizens. iBSmartify Nigeria, saying that neither the entity nor the illegal products they offer are registered or regulated by the commission. A statement by Mrs Efe Ebelo, the Head, …

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