The Securities and Exchange Commission (SEC) has issued a directive requiring all publicly-listed companies to publish their financial statements on their websites effective from January 2025. The Commission, while issuing the directive in a Circular today, warned that failure to comply with this directive would attract sanctions, reports Nige...
A high-level tripartite committee of the three major regulators of the financial services sector has been formed to scrutinise new funds being raised by banks under the ongoing recapitalisation in the banking sector. Members of the committee are drawn from Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC) and Nigeria Depo...
•Binance chief, Tigran Gambaryan The cross examination of the First Prosecution Witness, PW1, Abdulkadir Abbas, in the ongoing trial of Binance Holdings Limited and its Executive Officer, Tigran Gambaryan, before Justice Emeka Nwite of the Federal High Court, continued yesterday, Tuesday, July 2, 2024. The Economic and Financial Crimes Commiss...
•Tinubu President Bola Tinubu has approved the appointment of some Nigerian professionals to the Boards of the Securities and Exchange Commission (SEC) and the National Insurance Commission (NAICOM). While the president appointed Mr Mairiga Aliyu Katuka as chairman of SEC, Ms Halima Kyari would serve as the chairperson for the NAICOM board. Ot...
PZ Cussons Nigeria’s hopes of delisting from the Nigerian Exchange Limited (NGX) has hit a stumbling block as it was gathered that the Securities and Exchange Commission (SEC) declined the company’s request for its major shareholder, PZ Cussons (Holdings) to buy out other shareholders. According to a corporate disclosure filed with NGX, PZ Cus...
•Betta Edu and Tinubu The permanent secretary of the Ministry of Humanitarian Affairs and Poverty Alleviation, Abel Olumuyiwa Enitan, took over the leadership of the ministry days after the minister, Betta Edu was suspended. Enitan’s action is in line with President Bola Tinubu’s directive that suspended Edu on Monday over the alleged transfer...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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