Reps Walk Out SEC Officials From Meeting

The House of Representatives Committee on Finance on Monday in Abuja walked out officials of the Securities and Exchange Commission ( SEC) from a meeting with revenue generating agencies of government. It will be recalled that the Senate and the House after investigating the near collapse of the Capital market, resolved not to have anything […]

FG offers N22.6 Billion debt wipe off to Stock Brokers.

Citizens Platform: As part of efforts to revitalize the Nigerian Capital Market, the Coordinating minister for the economy and the Minister of Finance, Dr. Ngozi Okonjo-Iweala has said that the debt incurred by stock brokers will be cancelled. The CME who stated this Monday 3rd December at a press briefing at the Ministry of Finance […]

Reps order CBN to withhold introduction of N5000 note

…Declares Arunma Oteh’s reinstatement as SEC DG illegal. Channelstv: The House of Representatives in a unanimous resolution on Tuesady, ordered the Central bank of Nigeria (CBN) to hold on the proposed introduction of the N5000 note. The lawmakers in their first session after a long recess ordered the apex bank to withhold the planned release […]

Aruma Oteh Love For Shame

By Odimegwu Onwumere The saying that Nigerians work for money but Europeans work for the love of their jobs; the former came to play following the recall of Ms Aruma Oteh by the Presidency as the Director General of the Securities and Exchange Commission, SEC. How transparent is this? Many people holding public positions in […]

FG dissolves SEC Board, Appoints Bolaji Bello Acting DG

“I want to use this opportunity to thank the board, the chairman, Senator Udo Udoma, for the service they have rendered. We look forward to constituting a new board and we also look forward to the report of the audit that the board has ordered,” those were the words of Nigeria’s Finance Minister and Coordinating […]

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