27-05-2016 by 
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The Nigerian Security and Exchange Commission has cancelled the registration license of BGL Securities LTD and asked the company to pay fines tolling about N22m for breaching Rule 1(iii) of the code of conduct for Capital Markets Operators and Rules 22(4) and 63 of the SEC Rules. The registration license of BGL Asset Management Ltd has also been cancelled by the SEC with a fine of N5m. Albert Okumagba and Chibundu Edozie were also handed a 20-year ban each from engaging in any capital market activities. Read more

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