Judiciary Key to Investor Confidence, Market Reform – Shettima
By Oluwakemi Kindness Vice President Kashim Shettima has called on the Nigerian judiciary to play a more decisive role in boosting investor confidence and accelerating economic reforms by ensuring timely resolution of capital market disputes. Speaking at the SEC Judges’ Workshop in Abuja on Monday where he was represented by his adviser Tope Fasua, Shettima […]
Ponzi Operators in NIgeria to Face ₦10 Million Fine– IST Boss
By Oluwakemi Kindness The Investments and Securities Tribunal (IST), says the newly enacted Investments and Securities Act prescribes punitive measures of no less than ten million naira against operators of Ponzi schemes. This is according to the Chairman of the IST, Amos Azi, who stated this at the weekend in Abuja during a stakeholders’ engagement […]
Ponzi Scheme Operators to Get 10years Jail Term as Senate Passes SEC’s Repeal Bill
By Oluwakemi Kindness The Director General, Securities and Exchange Commission SEC, Dr. Emomotimi Agama, says the bill repealing the commission’s act stipulates harsher penalties on Ponzi scheme operators, mandating a minimum fine of N20 million or up to 10 years in prison, or both. Dr. Agama who spoke on the sidelines of the passage of […]
Banks, Others Raised Over N2.7tn From Capital Market, Says SEC
By Oluwakemi Kindness The Securities and Exchange Commission on Monday, revealed that over two point seven trillion naira has been raised in the capital market by banks and other companies so far in 2024 The figure, which includes equity capital, excludes the amount raised by funds managers in the capital market. This is as the […]