The Securities and Exchange Commission (SEC) recently stepped in to halt marketing and promotional activities surrounding a planned Initial Public Offering (IPO) by the Dangote Petroleum Refinery & Petrochemicals FZE. The SEC’s decision is as welcome development, according to a diaspora Nigerian who had the responsibility of relating with investors in one of Nigeria’s tier-1 banks. He said, “This is a commendable step from SEC. It raises a wrong precedence and when I discussed it with a few people, they said why shouldn’t they do it.”
The Securities and Exchange Commission (SEC) recently stepped in to halt marketing and promotional activities surrounding a planned Initial Public Offering (IPO) by the Dangote Petroleum Refinery & Petrochemicals FZE. The SEC’s decision is as welcome development, according to a diaspora Nigerian who had the responsibility of relating with investors in one of Nigeria’s tier-1 banks. He said, “This is a commendable step
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