The market appeared to be operating efficiently, although it was depressed by low personal incomes in Nigeria and political instability deterring foreign direct investment. He was eventually replaced by Arunma Oteh, who became Director General in January 2010. SEC Nigeria Data Privacy Policy HEADQUARTERS SEC TOWERS, Plot 272, Samuel Adesujo Ademulegun Street, Central Business District P.M.B:315, Garki, Abuja +234 (0) … [2], The Commission originates from the ad hoc, non-statutory Capital Issues Committee established in 1962 as an arm of the Central Bank of Nigeria. ), under whose purview are the Nigeria Prisons Service, the Nigeria … [1] Directors/Heads of Departments. General … The Securities and Exchange Commission, SEC is a Government Agency Mandated to Regulate and Develop the Nigerian Capital Market, SEC Towers, Arunma Oteh left her position as head of the Nigerian Securities and Exchange Commission after five years leading market regulation in Africa’s biggest economy. The SEC said its actions were due to problems at the stock exchange that included "inadequate oversight...ongoing litigation, allegations of financial mismanagement, governance challenges". The commission is now chartered by the Investments and Securities Act No 45 of 1999. Planning, Research and Statistics Head – Standfast Amonia Morreen. Procurement Head – Okobia Koriotaa Boyton. He obtained his West African School Certificate in 1978 from the Federal Government College Jos and later bagged a First Class Honours in Mechanical Engineering from … Shehu Usman Aliyu Shagari. [5] 31 Dec 1983 - 27 Aug 1985. The commission also instituted various reforms including improving regulations so as to encourage development of the bond market, promoting collective investment schemes and reviewing the 2003 Corporate Governance Code. Way/Airport Road, Opposite KLM Airlines Kano Kano State email: kzo@sec.gov.ng . When Musa Al-Faki, a stockbroker, was installed Director General in 2004, many thought his appointment had been engineered by Ndi Okereke-Onyiuke, head of the Nigerian Stock Exchange. Phase I VIP for Security Checks Procurement Records for 2011 Tenders Law Reports Constitution SEC Nigeria has its head office at Abuja, but there are zonal offices to make its services readily accessible to the Nigerian public. As part of measures to reposition the Federal Civil Service for better performance and accountability, the Head of the Civil Service of the Federation, Dr. Folasade Yemi-Esan, has charged Directorate level officers to be more responsive to Federal Civil Service reforms. government under President Shehu Shagari on October 1, 1979. SEC TOWERS, Plot 272, Samuel Adesujo Ademulegun Street, Central Business District P.M.B:315, Garki, Abuja +234 (0) 94621100; +234 (0) 94621168, FINPORT - THE SEC INNOVATION AND FINTECH PORTAL, Download Direct Cash Settlement Update Form, To Develop and Regulate a Capital Market that is Dynamic, Fair, Transparent and Efficient, to Contribute to the Nation’s Economic Development, To be Africa's Leading Capital Market Regulator, Supporting documents of capital market transactions that have been approved by SEC Nigeria, List of Registered Shareholders’ Associations, Administrative Proceedings Committee Matters, Nigerian Commodities Trading Ecosystem Bulletin, Monthly Net Asset Value(NAV) Of Exchange Traded Funds(ETFS), Monthly Net Asset Value Data For Collective Investment Schemes, Weekly Net Asset Value Data For Collective Investment Schemes, Quarterly Update on Private Equity and Infrastructure Funds, Registered Capital Market Operators/Companies, Update on Renewal of Registration for Capital Market Operators, Proposed New Rules And Sundry Amendments To The Rules And Regulations Of The Commission, Official Disclaimer on Fake SEC Website and Fictitious Recruitment Exercise, Press Release - Update On Suspension Of The Annual General Meeting Of OANDO PLC, Call For Proposal - ICT Transformation – Development of ICT Transformation Strategy. Prof. Paulinus Okwelle is the new Executive Secretary, NCCE, and Prof. Ibrahim Muhammad is the new Director, Nigerian Arabic Language Village, Ngala, Borno. As part of continued efforts at transforming the Federal Civil Service for better performance and quality service the Office of the Head of the Civil Service of the Federation, has shortlisted 123 successful candidates for the Leadership Enhancement and Development Programme (LEAD-P), also … This and other factors led to a surge in equity market capitalization on the NSE, peaking in March 2008 at US$100 billion, over 60% of which was owned by the banks. The incumbent chairman of the Independent National Electoral Commission (INEC), Mahmood Yakubu, has made history as first head of Nigeria’s electoral body to get a second term in office. Below are the heads of states of Nigeria from 1966 till 1999. Pulse Nigeria The governor, therefore, appointed Dr. Bala Lukshi, as the acting Head of service with effect from Friday, September 25, 2020. After the Central Bank had audited the banks in 2009, the SEC started legal proceedings at the Investments and Securities Tribunal against about 260 individuals and entities, alleging that they were involved in abuse such as insider dealing and share price manipulation. PUNCH Findings have showed that 14 of the nation’s 17 security agencies are currently being headed by northerners; only three are from the South, while the majority of them were appointed by President Buhari. Again, the motive behind first coup that brought about the military rule, and the first military head of state in Nigeria, reared its head again. [4] Compensation Scheme in Public Service Dissolution of Boards Foreign Affairs-International Affairs Guidelines for Travelling Abroad Procurement Audit Security Measures for MDAs Security Measures for Fed. Jessica Wachter, Director (202) 551-6600. Peter Driscoll, Director (202) 551-6200. The Nigerian Stock Exchange (NSE) is privately owned and self-regulating, but the SEC maintains surveillance over it with the mandate of ensuring orderly and equitable dealings in securities, and protecting the market against insider trading abuses. © Copyright 2019, Securities & Exchange Commission, Nigeria. Recommended articles General Yakubu Gowon (August 1, 1966 – July 29, 1975) 8 years, 362 days 3. Mr. Oscar N. Onyema was appointed Chairman of Central Securities Clearing System (CSCS) PLC, the clearinghouse for the Nigerian capital market, in April 2011 after his resumption as Chief Executive Officer of The Nigerian Stock Exchange and a member of the National Council. Maikanti Kachalla Baru is an indigene of Bauchi State. The most senior member of SEC, the Executive Commissioner (Operations), Daisy Ekineh, was directed to take over as acting Director-General and Chief Executive. John Coates, Acting Director (202) 551-3100. Yakubu, a professor of History whose tenure as INEC chairman expires on November 9, 2020, has been nominated by President Muhammadu Buhari for a second term… [2] Major-General Johnson Aguiyi-Ironsi (January 16, 1966 – July 12, 1966) 177 days 2. Prior to joining SEC Nigeria, Mr. Zubair served on the board of Intercity Bank Plc, Nigeria and Minna Pharmaceutical and Surgical Company Limited. 13 January 2015. Head of the Federal Military Government, Commander-in-Chief of the Armed Forces. Nigeria Names New Head of Securities Commission. Nigerian Electricity Regulatory Commission (NERC) is an independent regulatory body with authority for the regulation of the electric power industry in Nigeria Nigeria became a federal republic under the Constitution of 1963 and the monarch and Governor-General were replaced by a ceremonial President. Internal Audit Head – Fanda Shehu Sani. 71 of 1979. Nigeria is the most populous cou Ntry iN africa, the second biggest economy, the third largest military power and the biggest oil producer (10th oil producer in the world). When Musa Al-Faki, a stockbroker, was installed Director General in 2004, many thought his appointment had been engineered by Ndi Okereke-Onyiuke, he… With market capitalization of N4.46 billion in 1980, by the end of 1997 the Nigerian securities market had a market capitalization of N281.8 billion. The new appointment was contained in a letter sent by the president to the Senate, asking for the confirmation of Mr Lamido Yuguda as the new Director-General of the Security and Exchange … [1], A second-tier securities market was established in 1985, and the market grew as the government followed a program of privatization of public sector enterprises. [5], The global financial crisis that began in 2008 caused a severe crisis among Nigerian banks, with several forced to close. Kano African Alliance House (4th Floor), F1, Sani Abacha. Plot 272, Samuel Adesujo Ademulegun Street, Central Business District , Abuja, FCT, Watch videos on Dematerialization, Direct Cash Payment, E-Dividend, identifying Ponzi Schemes etc. [3], During the first half of the 2000s, the Central Bank of Nigeria instituted reforms that led to a reduction in the number of banks but a great increase in their size. Contact details for the Nigerian embassy in The Hague; The embassy of Nigeria in The Hague is located at Wagenaarweg 5 and can be contacted by telephone on 70 350 1703 as well as by email [email protected] and [email protected].The consular section shares location as well as telephone number and email address with the embassy. Nigeria's Second Republic was born amid great expectations. Maintenance Head – Apagu Joshua Abba. It is supervised by the Federal Ministry of Finance. 1 Oct 1979 - 31 Dec 1983. Division of Examinations. During the first half of the 2000s, the Central Bank of Nigeria instituted reforms that led to a reduction in the number of banks but a great increase in their size. Join to Connect SEC Nigeria. Division of Economic and Risk Analysis. This is a list of the heads of state of Nigeria, from Nigeria's independence in 1960 to the present day. [4], SEC Director General Al-Faki resigned in April 2009 amid criticism of the SEC role in a share-manipulation scandal involving the African Petroleum stock. The committee became the Security Exchange Commission in 1973, and then the Securities and Exchange Commission was chartered with SEC Decree No. ... Ms. Oteh joined SEC at a time the Nigerian capital market was grappling with global financial market crisis. Its seven most populous cities each house more than one million people, and about one out of two West Africans is from Nigeria. Head Of SEC Nigeria By Media Nigeria on March 10, 2018 No Comment Share on Facebook Follow on Facebook Add to Google+ Connect on … In August 2010 Oteh dismissed Okereke-Onyiuke from the stock exchange. Nigeria National Petroleum Corporation. Unfortunately, the euphoria was short-lived, DERA@sec.gov. On the 15th of January, 1966, Nigeria had her first coup d’état which ushered in her military era. The President of the Stock Exchange, Alhaji Aliko Dangote, was also dismissed. Division of Enforcement. headquarters SEC TOWERS, Plot 272, Samuel Adesujo Ademulegun Street, Central Business District P.M.B:315, Garki, Abuja +234 (0) 94621100; +234 (0) 94621168 CONNECT WITH SEC Recent Developments in the Global OTC Market with Lessons for Nigeria Nigerian Securities Market Journal Afolabi E. Olowookere, Ph.D. Divisional Head, … Oil prices were high and revenues were on the increase. 1. email: lzo@sec.gov.ng phone: 017358159 fax: 234-1-2644538 . SEC D-G - Vanguard News", https://en.wikipedia.org/w/index.php?title=Securities_and_Exchange_Commission_(Nigeria)&oldid=1006164643, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, Abdul Zubair Acting Director General (2017 – 2018), Mary Uduk Acting Director General (2017 – 2020), Olufemi Lijadu Chairman (2019 - till date), Lamido Yuguda Director General (2020 – till date), This page was last edited on 11 February 2021, at 12:05. The Securities and Exchange Commission (SEC) is the main regulatory institution of the Nigerian capital market. If so, this may have undermined the authority of the SEC as a supervisor during a period of rampant speculation. Head of Department at SEC Nigeria Nigeria. [6], Government regulatory body overseeing the stock market, "THE IMPACT OF NIGERIAN STOCK EXCHANGE CRISES ON THE NIGERIAN ECONOMY", "Efficiency of the Nigerian Securities Market", "TESTIMONY ON "THE GLOBAL FINANCIAL CRISIS AND FINANCIAL REFORM IN NIGERIA: A CAPITAL MARKET PERSPECTIVE, "Nigeria SEC: Will Appoint New Team At NSE Early 2011", "FG appoints Abdul Zubair to replace Gwarzo as Ag SEC DG - Vanguard News", "Adeosun appoints Uduk Ag. Sec. 123 CANDIDATES EMERGE FOR LEAD-P/SPECIAL PRESIDENTIAL COHORT TRAINING. Nigeria is a multi-ethnic and culturally diverse federation which consists of 36 autonomous states and the Federal Capital Territory. Administration Head – Finance and Accounts Head – Kabir Hassan Mohammed. Melissa R. Hodgman, Acting Director (202) 551-4500. You can see their locations and … In September 2010 it was reported that the SEC was considering converting the stock exchange to a private company rather than a mutually owned enterprise. Oluṣẹgun Fajinmi Okikiọlakan Arẹmu Ọbasanjọ [5] President of the Federal Republic of Nigeria and Commander-in-Chief of the Armed Forces of the Federation. The Head of the Service gave this charge today while declaring open a Two-day sensitisation workshop for key implementers of reform in the Federal Civil Service, comprising Directors of Human Resources, Information Communication Technology, Planning Research and … President Muhammadu Buhari has appointed a new and substantive Director-General for the apex capital market regulator, the Securities and Exchange Commission (SEC).. Port-Harcourt 31 Woji road, GRA phase 2 Port Harcourt Rivers State email: phzo@sec.gov.ng This and other factors led to a surge in equity market capitalization on the NSE, peaking in March 2008 at US$100 billion, over 60% of which was owned by the banks. The federal government was accused of corruption plus the hardships faced during that period made the president, Alhaji Shehu Shagari, lose the people’s support. It appeared that unlimited development was possible. Contact. A key regional player in West Africa, Nigeria accounts for about half of West Africa’s population with approximately 202 million people and one of the largest populations of youth in the world. President Buhari at the 57th Ordinary Session of ECOWAS Authority of Heads of State and Government President Buhari Formally Unveils Logo For Nigeria at 60 on 16th September President Buhari Presents 2021 Draft Appropriation Bill to National Assembly on 8th Oct WATCH. For instance, the current Minister of Interior, Lt.-Gen. 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