Tag: SEC

Nigeria Breweries suffers N70bn FX loss
Foods

2.1bn Nigerian Breweries shares registered on SEC

The Securities and Exchange Commission has registered the 2,055,226,476 bonus shares that Nigerian Breweries shareholders authorized at an extraordinary general meeting on December 8, 2022. Nairametrics reported that this was made known in a corporate declaration that was issued to the Nigerian Exchange Limited. According to the statement, which was signed by the company secretary, Uaboi Agbbaku, […]

SEC confident PAPSS'll boost trading opportunities in Africa
Business

SEC confident PAPSS’ll boost trading opportunities in Africa

The  Securities and Exchange Commission has said that the Pan-African Payment Settlement System would promote intra-African commerce and aid in the diversification of the capital market. According to Nairametrics, the head of the SEC’s Office of the Chief Economist, Dr. Okey Umeano, said this in an interview. A Memorandum of Understanding was recently signed between the Nigerian Exchange and the […]

News Oil and Gas

Court extends Oando’s minority share acquisition deadline

Oando Plc has been granted a 90-day court-ordered extension to create and file the Scheme of Arrangement Document for the acquisition of shareholders’ minority shareholding. This was contained in a statement released on Thursday which also revealed that Venus Construction Company Limited, one of Oando’s minority shareholders, had petitioned the court to order Ocean and […]