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COVID-19: SEC suspends visits, physical meetings, encourages virtual engagements On By Michael Eboh The Securities and Exchange Commission, SEC, Monday, suspended, till further notice, all physical meetings and visits to its offices, due to the rising cases of COVID-19 infections across the country, following the second wave of the pandemic. In a new set of guidelines issued in a circular in Abuja, SEC also advised public companies to take appropriate precautionary measures as recommended by the federal and state governments, as well as the Nigeria Centre for Disease Control, NCDC, in order ...

SEC denounces Famzhi Interbiz, warns against patronage On By Michael Eboh The Securities and Exchange Commission, SEC, Sunday, denounced Famzhi Interbiz Limited, warning that the firm, its activities and the products it is offering were not registered or regulated by it. In a statement in Abuja, SEC said that Famzhi Interbiz had earlier applied to it for registration, but despite failing to meet up with the requirements for registration, had continued to illegally solicit funds from the investing public through numerous unregistered and unapproved products. To this end, SEC stated that it ha...

DPR boss, Auwalu clinches NAEE energy sector award On By Michael Eboh The Nigerian Association for Energy Economics, NAEE, has commended the Department of Petroleum Resources, DPR, for its role in creating opportunities and an enabling environment for operators in the Nigerian petroleum industry, despite the challenges presented by the COVID-19 pandemic and low crude oil prices. To this end, the NAEE also announced the Director of the Department of Petroleum Resources, DPR, Engineer Sarki Auwalu, as winner of its 2020 Distinguished Energy Sector Corporate award. Speaking at the award ceremon...

COVID-19: SEC begins review of 10-year capital market masterplan On By Michael Eboh The Securities and Exchange Commission, Nigeria, SEC, Thursday, said it has commenced a joint-review of Nigeria’s 10-year Capital Markets Master Plan, CMMP, with Financial Sector Deepening, FSD, Africa, to reflect current realities, such as the impact of the COVID-19 pandemic and dwindling crude oil prices. In a statement in Abuja, SEC stated that the review became necessary, in view of the need to support the country’s economic resilience amid new economic challenges, as presented by lower oil prices and...

FG unveils strategies to survive pandemic, future oil price crash On …How we are navigating pandemic challenges – PTDF By Michael Eboh Minister of State for Petroleum Resources, Chief Timipre Sylva, Thursday, disclosed that the Federal Government has adopted key strategies to help strengthen the Nigeria petroleum industry after the COVID-19 pandemic and also insulate the economy from a future crash in the prices of crude oil. This was also as the Nigerian Association for Energy Economics, NAEE, argued that the Nigerian petroleum industry, had over the last 20 years, showed that it lacked...