SEC directs capital market fund/portfolio managers to register with FMAN

The Securities and Exchange Commission (SEC) has directed all fund managers operating in the nation's bourse to register with the Fund Managers Association of Nigeria (FMAN).

This is contained in a statement posted on the commission's website.

It said that the commission was working with FMAN to develop the funds/portfolio management industry in Nigeria through enlightenment and training and complaints resolution amongst others.

New SEC DG assures Nigerians of vibrant market

The acting Director-General, Securities and Exchange Commission (SEC), Mr Mounir Gwarzo,  has assured Nigerians of the commission's readiness to ensure a vibrant capital market that will attract both local and international investors.

This is contained in a statement issued by the commission in Lagos on Wednesday.

SEC approves UBA's rights issue

SEC approves UBA's rights issue

The Securities and Exchange Commission (SEC) on Monday approved the proposed rights issue of N13 billion for existing shareholders of UBA Plc.

Mr Obi Adindu, Communications Adviser to SEC Director-General, who confirmed the approval said that the rights issue opened on Dec. 29.

Adindu said that the commission also approved UBA’s application for a bond issue that would commence at a later date.