The federal government will today start the collection of income tax on bonds, short-term securities, following the expiration of a 2012 gazette which exempted Companies Income Tax (CIT) from bonds and short-term securities in the...
The Securities and Exchange Commission (SEC) is set to implement charging of regulatory fee on fixed income secondary market transactions (bonds) with effect from January 1, 2022. In a circular dated December 15, 2021, the Commission...
The Securities and Exchange Commission (SEC) has warned quoted companies and capital market registrars to desist from selective payments and distribution of dividends. The Director-General of SEC, Lamido Yuguda, said this on Saturday at the Institute...
The federal government has urged investors in the capital market to take advantage of initiatives introduced in the market aimed primarily at strengthening the market and accelerating development. The Minister of Finance, Budget and National Planning,...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday said that First Bank, Nigeria’s oldest bank, is too big to fail and cannot be owned by one individual. The CBN governor, who...
MTN Nigeria Commnuciations Plc (MTNN) has obtained the approval of the Securities and Exchange Commission (SEC) for the offer for sale of up to 575 million ordinary shares in MTNN held by the MTN Group This...
The Securities and Exchange Commission, SEC, says it spent over N6 billion on staff salaries with other overhead costs totalling about N8 billion in 2021 Uncomfortable with the spending profile, the Senate yesterday queried it for...
The Securities and Exchange Commission, SEC, has extended compliance on internal controls over financial reporting for quoted companies to December 2023 from December 31, 2021. The Commission in a statement on its website on yesterday said...
The Securities and Exchange Commission has vowed to apply stiff sanctions to any capital market operators who engage in unethical conduct. The Director-General, SEC, Lamido Yuguda, said the commission had resolved to intensify monitoring and surveillance...
Fidelity Bank Plc has announced plans to raise $500 million from the international debt capital market through the issuance of unsecured notes. Ezinwa Unuigboje, the company secretary, said this in a statement on Monday. An unsecured note...