Ecobank Nigeria has responded to its suspension by the Securities and Exchange Commission (SEC) as a receiving banker and all other capital market activities. A statement released by the bank on Thursday said it did not connive with Arian Capital or any other party to convert shares into a margin loan facility as its being alleged. The bank explained that in 2007, it granted a margin loan facility to Arian ...

The various reforms taken this year to develop the capital market have helped to improve market depth and investors’ confidence. This was the submission of the Chief Executive Officer of the Nigerian stock exchange, Oscar Onyema at the just concluded capital market committee retreat in Warri, Delta state. Mr Oscar also used the occasion to formally introduce the market quality report, which he says is the f ...

Ensuring fiscal responsibility and prudence in spending is one way the Nigerian Capital Market and indeed the Nigerian economy can thrive. The governor of the Central Bank of Nigeria; Mallam Lamido Sanusi said this in his presentation at the just-concluded capital market committee retreat in Warri, Delta state. Mallam Sanusi is of the view that government at all levels should cut down on their re-current ex ...

The Managing Director of the Asset Management Company of Nigeria (AMCON), Mustafa Chike-Obi on Thursday said that the report presented to the House of Representatives by the Chairman of the ad-hoc committee that probed the near collapse of the Nigerian capital market is “extremely ill done” and “extremely sloppy”. Mr Chike-Obi, who disclosed this while responding to questions on Channels Television’s breakf ...

Looking back at the Capital Market Probe that was held some time ago in the Federal Capital Territory, Abuja to deal with issues surrounding the near collapse of the NSE/SEC.It was full of drama and one which took the center stage was the allegation levelled against the former Chairman of the probe panel, Herman Hembe by the D.G. SEC, Arunma Oteh which led to the removal and prosecution of the former chairm ...

An Abuja High Court has dismissed the application filed by the former chairman of the House of Representatives Committee on Capital Market, Herman Hembe seeking to quash the corruption charges filed against him by the Economic and Financial Crimes Commission (EFCC). Ruling on the application filed by the embattled lawmaker, Justice Abubakar Umar dismissed the suit on the ground that a prima facie case has b ...

The House of Representatives committee probing the near collapse of the Nigeria capital market on Tuesday issued a summon order to the Director General of the Security and Exchange Commission, Arunma Oteh. The Chairman of the ad hoc committee, Ibrahim El-Sudi who issued the order of summon following the failure of Ms Oteh to appear before the committee on Tuesday, said that the SEC boss displayed arrogance ...

Join the conversation. We are live tweeting the House capital market probe, investigating the debilitating crash. On Tuesday, former NSE boss appears before the probe panel to counter allegations made against her leadership by the SEC DG, Arunma Oteh. Interact live with us, send us your questions, comments and critiques. Capital Market Probe, Former NSE boss responds ...

Chinua Azubuike who is a financial lawyer also came on board for the discussion on the Capital Market Probe going on to rub minds with the our presenters on Sunrise Daily. ...

In the day 2 of the Capital Market Probe which went through with less drama as different stakeholders connected to the capital market made their presentations and answer question asked by the committee in charge of the probe. A better regulatory oversight was one call made as one of the solution to better the capital market. Walo Oluwo the CEO of BGL Group joined the programme Business Morning after a momen ...