Capital Market articles

Adeosun sacks acting SEC boss, Zubair, sends him to external affairs dept

Adeosun sacks acting SEC boss, Zubair, sends him to external affairs dept

The Minister of Finance, Mrs. Kemi Adeosun, on Friday removed Dr. Abdul Zubair as the acting Director-General of the Securities and Exchange Commission. The removal was confirmed in a statement issued by the Special Adviser to the minister of finance, Mr. Oluyinka Akintunde. The statement said that following his removal as acting SEC DG, Zubair

Labour kicks against FG’s plan to reinstate suspended SEC DG

Organised Labour yesterday raised the alarm over plans by the Federal Government to reinstate the Director General, Security and Exchange Commission (SEC), Mr. Mounir Gwarzo, currently on suspension for corruption charges. The Association of Senior Civil Servants of Nigeria (ASCSN), in a statement on Tuesday, warned that reinstating the suspected Director General will further dent

BREAKING: Finally, SEC ready to begin Oando audit

The Securities and Exchange Commission (SEC) says all is now set for the commencement of the long-awaited forensic audit of Oando PLC. The acting Director General of the Commission, Abdul Zubair , announced in Abuja on Tuesday that the two lawsuits filed by Oando PLC and some of it’s shareholders, which restrained the commencement of

BREAKING: Adeosun Suspends SEC DG, Two Others

Minister of Finance, Mrs Kemi Adeosun, has suspended the Director-General of the Securities and Exchange Commission (SEC), Mr Mounir  Gwarzo. Gwarzo is suspended in order to allow for an unhindered investigation of several allegations of financial impropriety leveled against him. This was contained in a statement signed by Deputy Director, Press, Federal Ministry of Finance, Patricia Deworitshe

Equities lose N144b as investors await CBN decisions

Investors scrambled to realign their portfolios and lock in profit ahead of the meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN). A midweek selling spree left the equities market with a net capital depreciation of N143.9 billion last week as investors anxiously await the decisions of the MPC. The