Money market funds drive over N2bn loss in CIS asset value

From February 7 to February 28, 2014, value loss witnessed in money market funds impacted negative on the net asset value of Collective Investment Schemes (CIS) regulated by the Securities and Exchange Commission (SEC). The net asset value of CIS managed by different fund managers dropped from N168.... [More]

NSE demutualisation’ll be transparent – SEC

The Securities and Exchange Commission has said the demutualisation of the Nigerian Stock Exchange will be done in a transparent manner. Demutualisation is a process whereby stock exchanges transform into Public Limited Liability Company, and by implication a profit-making organisation listed on its... [More]

Equity-based funds: Slim earnings per unit amid huge Net Asset Value

As of January 31, 2104, out of about N155.642 billion recorded as Net Asset Value (NAV) for   Collective Investment Schemes (CIS), the NAV of 16 equity based -funds regulated by the Securities and Exchange Commission (SEC) were valued at N46.144 billion. This was a decline from N47.214billion r... [More]

SEC proposes new rules to safeguard clearing houses

Regulators proposed long-awaited rules on Wednesday designed to safeguard the country’s largest clearing agencies from collapsing and spreading systemic market risks. Reuters reported on Wednesday that the United States Securities and Exchange Commission’s plan primarily targets the... [More]

Global standards: African regulators seek greater role

  • By Punch
  • 12. February 2014 01:53
  • 0
Capital market regulators in Africa and the Middle East have emphasised the need for them to play a greater role when it comes to setting global standards.   The regulators made the call at the ongoing 32nd Africa/Middle East Regional Committee meeting in Livingstone, Zambia.   According t... [More]

Oteh urges regulators to tackle liquidity challenges

The Chairperson, Africa Middle East Regional Committee, International Organisation of Securities Commission, Ms. Arunma Oteh, has called on regulators under AMERC to work towards overcoming emerging challenges. [More]

SEC Shuts Down Finance House In Ogun Over Non-registration

The Securities and Exchange Commission (SEC) on Monday sealed the office of the New Nation Finance House in Abeokuta, Ogun. [More]

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