Tag: SEC

New SEC regulation to enhance transparency in bank recapitalization
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Nigeria can unlock $500bn via commodities reform – SEC DG

The Director-General of the Securities and Exchange Commission, Emomotimi Agama, says Nigeria could unlock up to $500 billion in untapped agricultural and mineral assets by formalising its commodities and warehouse receipt systems. Speaking at the Chartered Institute of Stockbrokers’ national workshop in Abuja on Tuesday, Agama said such formalisation would convert these assets into tradeable securities—diversifying […]

New SEC regulation to enhance transparency in bank recapitalization
Business

SEC probes 79 suspected ponzi schemes nationwide

The Securities and Exchange Commission has launched investigations into 79 suspected Ponzi schemes operating across the country. In a statement issued on Tuesday, the commission said details of the findings will be made public upon the conclusion of the investigations. “The commission is currently investigating 79 schemes and will make a statement on its findings […]

New SEC regulation to enhance transparency in bank recapitalization
Business

SEC orders probe, debt restatement at Ikeja Hotel

The Securities and Exchange Commission has issued a series of directives to Ikeja Hotel Plc and its investee companies following the conclusion of a forensic audit into the company’s operations and longstanding shareholder disputes. In a regulatory filing on the Nigerian Exchange Limited on Thursday, the company secretary, Olubunmi Tadema, disclosed that the SEC’s directives […]

New SEC regulation to enhance transparency in bank recapitalization
News

CBEX: Beware of fraudulent ponzi schemes, again SEC warns Nigerians

The Securities and Exchange Commission has issued a new warning to the Nigerian investing public, advising caution against fraudulent investment schemes such as Ponzi schemes and unregistered digital asset platforms. In its public notice on Thursday, the SEC highlighted the severe risks posed by illegal investment activities, including Ponzi schemes and unregistered digital asset platforms. […]

New SEC regulation to enhance transparency in bank recapitalization
Business

SEC warns social media figures over unregistered investment schemes

The Securities and Exchange Commission of Nigeria has issued a warning to social media influencers and bloggers, cautioning them against promoting unregistered investment schemes. The warning was delivered by SEC Director-General Emomotimi Agama in a notice released on Sunday. Agama stated that the commission is collaborating with the Economic and Financial Crimes Commission, the Nigeria […]

New SEC regulation to enhance transparency in bank recapitalization
News

SEC flags CBEX as unregistered digital exchange

The Securities and Exchange Commission of Nigeria has issued a strong warning against Crypto Bridge Exchange, stating that the platform is not registered or regulated to operate as a digital assets exchange in the country. In a circular released Thursday, the SEC revealed that CBEX, which also goes by names like ST Technologies International Ltd […]

New SEC regulation to enhance transparency in bank recapitalization
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SEC warns public against Pro-Vest, other unregistered investment schemes

The Securities and Exchange Commission has issued a warning to the public regarding unregistered investment schemes, specifically highlighting Promiseland Estates Limited, Promiseland Building & Construction Limited, and UYJ Multitrade Limited. In a statement on Friday, the SEC stated that it had taken note of the activities of certain entities falsely claiming to be investment advisers […]

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Banks secured N1.7tn via e-offering’

The Director General of the Securities and Exchange Commission, Dr. Emomotimi Agama, revealed yesterday that banks have raised approximately N1.682 trillion through e-offering in the ongoing recapitalisation exercise. The Commission, in a statement on Wednesday, noted that Agama made this disclosure during the recently held Chartered Institute of Stockbrokers conference in Ibadan, Oyo State. He […]

New SEC regulation to enhance transparency in bank recapitalization
News

SEC vows to combat crypto fraud

The Securities and Exchange Commission has pledged to tackle fraud, money laundering, and market manipulation within Nigeria’s rapidly evolving cryptocurrency sector. This commitment was made by SEC Director General, Emomotimi Agama during the opening of the International Organisation of Securities Commissions World Investor Week in Lagos on Monday, according to The Punch. Agama emphasized the […]

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SEC simplifies listing process to boost capital market

The Securities and Exchange Commission has unveiled new measures to simplify the listing process for companies on the Nigerian Exchange. This initiative aims to enhance the attractiveness and efficiency of the Nigerian capital market. The announcement follows a push from SEC Director-General, Dr. Emomotimi Agama, who has advocated for increased corporate participation in the exchange, […]

Economy News

CBN, SEC, NDIC team up to streamline bank recapitalization

The Central Bank of Nigeria, the Securities and Exchange Commission, and the Nigeria Deposit Insurance Corporation have united to streamline the bank recapitalization process, aiming to boost efficiency and transparency in the financial sector. This was revealed in a statement by the Director General of SEC, Emomotimi Agama, according to The Punch. In the statement, […]