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Subcribe to our e-SEC Capital Market Bulletin


} Questions you should ask when investing>>

} Financial Derivatives in the Commodity Exchange

} Global Depository Receipts (GDRs)

} Non-Receipt of Share Certificates and Return Money Warrants by Subscribers

} Unclaimed Dividend/e-Dividend Payment


Presentations

>>Capital Market Reforms and Real Sector Financing: What Options?... read>>

>>Mechinery for Dealing with Grievances as a Tool for Investor’s Protection in the Nigerian Capital Market...read>>
>>Basic Understanding of the Nigerian Capital Market...read>>
>> Mobilizing Grassroots Savings – The Collective Investment Schemes ...read>>

 

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Vision

“To Be Africa’s Leading Capital Market Regulator”

 

Mission

"To develop and regulate a capital market that is dynamic, fair, transparent and efficient, to contribute to the nation's economic development"

SEC RELOCATES TO PERMANENT HEAD OFFICE

The Commission has relocated to its permanent Head Office within the Central Business District of the Federal Capital Territory, Abuja.

All correspondences to the Commission should henceforth be addressed to Plot 272 Samuel Adesujo Ademulegun Street, Central Business District, P. M. B. 315, Garki, Abuja.

 

Latest...

Public Notice - SUSPENSION OF REWARD INVESTMENTS AND SERVICES LIMITED FROM ALL CAPITAL MARKET ACTIVITIES: The Commission has suspended Reward Investments and Services Limited from all capital market activities with effect from May 6, 2008, for violating the Commission’s Rules and Regulations...more>>

New
 

Compliance Status - SEC VS CADBURY NIG. PLC & 20 ORS...click here>>

New
 

SEC Capital MArket Bulletins - January, 2008 & February, 2008 Editions

...click on any to download>>

New
 

Public Notice - Re: Private Placements - The Commission has observed with great concern, the recent waive of private placements by some private companies. These companies are offering their shares to raise money from unsuspecting members of the public.....Click here to read>>

 

Press Release - RECAPITALIZATION: SEC Secures Waiver from CAC on Filing Fees payable by Operators...click here to read>>

 

Press Release - Senate Pledges Support for SEC: The Senate has pledged its support to the Commission in executing its mandate on market regulation and development. The Committee commended the Commission for its achievements in recent times....click here to read>>

 

Public Notice - List of Capital Market Operators who have failed to render quarterly returns as at December 2007 contrary to Rule 170 (1) of the Rules and Regulations of the Commission 2000 as amended....Click here to see list>>

 

Litigation on Cadbury Matter - (1.) SUIT NO: FHC/L/430/08 – RT. HON. UDUIMO ITSUELI Vs SEC (2.) SUIT NO. FHC/L/CS/414/08 – OLUSEGUN OYEWOLE VS SEC & ORS...Click here for details>>

 

Press Release - SEC Releases Final Decision on Cadbury’s Misstatements in 2002 – 2005 Published Accounts
* Bans Bunmi Oni and Ayo Akadiri from directorship of Plcs.
* Penalizes and reprimands Akintola Williams Deloitte and Union Registrars Ltd.
...click here to read >>

 

 

Operators' Corner
SEC Forms
more Forms... Click here>>
- Half Yearly Return Form for for Public Companies
Half Yearly Return Form for Unclaimed Dividends
- Financial Performance Measurement

- New Reporting Format for Dealers in Securities

Requirements & Guidelines

- Implementation Guideline for the Code of Corporate Governnance in Nigeria
- Guidelines for the Monitoring of Unclaimed Dividends by Public Companies

- Requirements for the Registration of Community Savings/Esusu Schemes

- Guidelines on the New Minimum Capital Base for Capital Market Operators, effective from December 31, 2008

- Guidelines for the Monitoring of Unclaimed Dividends by Public Companies

- Revised Transaction Charges for the Nigerian Capital Market

Capital Market
Answers to your Questions

How can I find out the current status of a capital market operator?
How much will it cost to be Registered with SEC as a Fund Manager
How can I contact SEC?
News & HighlightsRead SEC News

> The DG SEC, Musa Al-Faki, and the DG DMO, Dr. Abraham Nwankwo, on his visit to the Commission.

> Brief by the Director-General of the Securities & Exchange Commission, Musa Al-Faki to the Senate Committee on Capital Market on the Issues of Transfer of Registers and the Recapitalisation Exercise in the Capital Market, March 18, 2008...more>>

>The Commission has formally launched the e-dividend payment system, which automatically allows dividends to be credited directly into Shareholders’ bank accounts within 24 hours of payment by the company. The Director-General, Musa Al-Faki, in his speech during the launch, said that the issue of unclaimed dividends had been of great concern to the Commission, thus the need to find a lasting solution. He added that unclaimed dividends stood at N19 billion as at 30th September, 2007...more>>

Upcoming Events

>The Capital Market Committee Meeting has been scheduled to hold on May 14, 2008, Venue: Golden Gate Restaurant, Ikoyi - Lagos, TIME: 11 a.m prompt...click for other details>>

>THE COMMISSION IN COLLABORATION WITH THE NIGERIAN CAPITAL MARKET INSTITUTE (NCMI) WILL BE HOLDING A TWO DAY WORKSHOP FOR PUBLIC QUOTED COMPANIES, WITH THE THEME: CORPORATE GOVERNANCE AND FINANCIAL REPORTING FROM MAY 20 - 21, 2008 AT THE SHERATON HOTEL & TOWERS IKEJA, LAGOS. TIME: 10.00A.M

Approved New Issues
S/N
Issuer
Issue Type

Offer Price(N:K)

Offer Period
3
Standard Alliance Insurance plc
Offer for Subscription
3.95
March 14 - 31, 2008
2
Custodian and Allied Insurance plc
Offer for Subscription
5.2
March 20 - 31, 2008
1
Custodian and Allied Insurance plc
Rights Issue
5.2
March 20 - April 7, 2008
Securities Allotment Cleared
S/N
Issuer
Issu Type
Offer Price N:K

Date Cleared

 3
Costain West Africa Plc
Rights
11.00
17/04/08
2
Costain West Africa Plc
Subscription
13.00
17/04/08
1
Costain West Africa Plc
Supplementary
13.00
17/04/08
Public Offers of Unit Trust Schemes
S/NO
ISSUER
ISSUE TYPE
PRICE (N)
OFFER PERIOD
3
Zenith Income Fund
IPO
10
5th May - 11th June, 2008
2
Zenith Ethical Fund
IPO
10
5th May - 11th June, 2008
1
Zenith Equity Fund
IPO
10
5th May - 11th June, 2008

© 2000 - 2008 Securities & Exchange Commission (SEC), Nigeria

May 9, 2008