Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

SEC gives new date for commencement of Electronic IPO

Fikayo Owoeye by Fikayo Owoeye
December 3, 2018
in Business News, Company News
Lagos Commodities and Futures Exchange

Securities and Exchange Commission

Share on FacebookShare on TwitterShare on Linkedin

Acting Executive Commissioner, Corporate Services, Securities and Exchange Commission (SEC), Mr Henry Rolands, has assured that the long-awaited electronic initial public offering will kick start in the country next year.

IPO is the selling of securities to the public in the primary market by a company, while e-IPO is the selling of such shares via electronic means as opposed to the usual manual issuance. Electronic IPO entails the automation of all new offers in the Nigerian capital market, such that investors can easily subscribe to and purchase new share offerings over the internet.

Rowland said Nigeria must move forward with its contemporaries in technology in order to compete effectively, noting that preparations towards the full automation of IPO and other public primary offers in the Nigerian market were on top gear.

RelatedPosts

Nigeria’s unclaimed dividends rises to N180 billion

THIS WEEK: Equities market continues bullish run while exchange rate depreciates further

He noted that special-purpose committee inaugurated for the full automation of the primary issuance process has gone far to ensure commencement of e-IPO. He further acknowledged that technology and digitisation would drive the next space of global economic growth.

According to him

“The next phase of capital market growth will be driven by digitisation.”

Why this is important for investors

This new initiative would enable investors to subscribe and make payment for IPOs and public offers online with such orders being matched and allotted electronically and directly to the investment accounts of the investors in CSCS.

Recall that the Acting Director-General of Nigeria’s Securities and Exchange Commission (SEC), Ms Mary Uduk, was earlier quoted as saying that the Committee is in charge of working out the modalities of the e-IPO and will submit their report soon. After the Committee’s report, SEC will then issue the rules and regulations guiding the e-IPO ahead of its launch in Q1 2019.

Related

Tags: E-IPOHenry RolandsMary UduakSEC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mega Millions
Hot forex
Cornerstone
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Top 5 Most Creatively-Themed Restaurants in Nigeria
    • Microsoft raises alarm over new Android malware ‘toll fraud’
    • Celsius cuts 150 jobs amid restructuring exercise

    Follow us on social media:

    Recent News

    Top 5 Most Creatively-Themed Restaurants in Nigeria

    Top 5 Most Creatively-Themed Restaurants in Nigeria

    July 4, 2022
    Microsoft office

    Microsoft raises alarm over new Android malware ‘toll fraud’

    July 4, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com