Organisational Structure
Commodities trading: SEC issues new rules on warehousing, collateral management
File Photo In a bid to ensure a vibrant commodities trading ecosystem, which would in turn boost foreign exchange earnings for the country, the Securities and Exchange Commission (SEC) has released new rules covering warehousing and collateral management, among others. According to the rules, every warehouse that stores commodities to be traded on a registered exchange shall apply to be registered by the SEC, while the commission shall maintain a register of all registered warehouses to be published on its website. The new rules also provide that any warehouse applying for registration shall submit proof of ownership or registered-lease deed or rent agreement, alongside a disclaimer from the owner of the warehouse/property providing waiver of ownership regarding commodities stored in such ...
eGovernment: NITDA begins capacity building for ministries, agencies
Commonwealth of Nations The National Information Technology Development Agency (NITDA) on Wednesday began a two-day virtual strategic capacity building workshop for federal ministries, departments and agencies (MDAs). The exercise is being carried out to hasten the implementation of the National e-Government Masterplan and inculcate the use of Information Technology in government activities. The training is in three phases for directors of ICT and heads of procurement, network administrators and domain managers, while the third batch is for the NITDA team driving the digital transformation agenda. The Director-General of NITDA, Kashifu Abdullahi, who was represented by the Director e-Government Development and Regulation, Vincent Olatunji, in his opening remarks said the training aims at e...
