The Securities and Exchange Commission (SEC) on Tuesday defended its case on the recapitalisation of market operators before the senate committee on capital market, saying the it was desirable.
According to the Director General of the SEC, Mr. Musa Al-Faki who took the senate committee down the memory lane of the recapitalisation exercise said “ [...]
Archive for March 20th, 2008
SEC defends recapitalisation exercise, transfer of registers before senate
March 20, 2008Brokers defy SEC order, trade on Afroil, Capital Oil shares
March 20, 2008•NSE denies receiving SEC order
Stockbrokers trading on the floors of the Nigerian Stock Exchange (NSE) yesterday defied the Securities and Exchange Commission (SEC) order not to trade on the shares of Afroil plc and Capital Oil plc even as the NSE denied having received SEC order.
The development is coming on the heels of fresh move by [...]
