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Tag: Securities and Exchange Commission

Investment

SEC disowns WayvePay, warns Nigerians against investing through platform

The Securities and Exchange Commission has distanced itself from the online investment platform WayvePay and warned Nigerians against investing through the company over suspected fraudulent activities. The warning was contained in a public notice dated Friday, October 9, 2026, signed by the Commission’s management and published on its official website on Saturday, October 10. The […]

Opinion

SEC DG warns scarce credible issuers could inflate asset prices

The Director-General of the Securities and Exchange Commission, Dr Emomotimi Agama, has cautioned that too few credible issuers in Nigeria’s capital market could push up the prices of existing assets instead of fostering real market development. According to Nairametrics, Agama sounded the warning on Friday, October 9, 2026, in Ibadan, Oyo State, while delivering the […]

Investment

SEC DG proposes investment funds to tackle student hostel shortage

Nigeria’s Securities and Exchange Commission has been urged to back a new approach to funding student housing, with its Director-General, Dr Emomotimi Agama, proposing investment funds to finance the construction of hostels in the country’s universities. Nairametrics reported that Agama made the proposal on Friday, October 9, 2026, in Ibadan, Oyo State, where he delivered […]

featured Policy and Regulations

SEC warns investors against fraud as Dangote Refinery IPO opens

The Securities and Exchange Commission has cautioned prospective investors against falling victim to fraudulent platforms and unauthorised individuals as the Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals FZE opens to the public on Monday, September 14, 2026. The Commission, in a public notice signed by its management on September 14, urged investors to […]

Policy and Regulations

SEC extends forex trading rules to offshore operators

The Securities and Exchange Commission has taken steps to strengthen its oversight of online foreign exchange trading in Nigeria, broadening its proposed regulatory framework to capture both local operators and offshore entities targeting Nigerian residents. In the rules released on Tuesday, the SEC stated: “The regulations would apply throughout Nigeria and cover all persons engaging […]

Investment

SEC launches campaign to help Nigerians recover unclaimed dividends

The Securities and Exchange Commission has launched a nationwide awareness campaign to assist investors and beneficiaries recover unclaimed dividends and inherited investments. The initiative is part of efforts to strengthen investor protection and reduce dormant assets in Nigeria’s capital market. The initiative, unveiled on Thursday in Abuja through the Probate/Unclaimed Monies Awareness and Investor Clinic, […]

Finance

NASS commends SEC over fiscal discipline, revenue growth

The National Assembly has commended the Securities and Exchange Commission for strengthening its fiscal sustainability through improved revenue generation and prudent cost management. Vanguard reported that the Deputy Chairman of the House of Representatives Committee on Finance, Hon. Saeed Musa Abdullahi, gave the commendation during the 2026 Revenue Monitoring Exercise with the Commission in Abuja. […]

Policy and Regulations

SEC targets near-zero trade fail rate under T+1 regime

The Securities and Exchange Commission says it is focused on achieving a sustained near-zero trade fail rate under Nigeria’s newly implemented T+1 settlement framework during the second half of 2026. Director-General of the SEC, Dr. Emomotimi Agama, disclosed this in a statement made available to the News Agency of Nigeria on Sunday. According to Agama, […]

Finance

SEC, NGX hail S&P DJI for including Nigeria in frontier market watchlist

Nigeria’s capital market regulators have hailed the S&P Dow Jones’ Watchlist inclusion, saying it is a confirmation of the growing global confidence in Nigeria’s capital market, even as the Securities and Exchange Commission reinforced its commitment to policy consistency. On Wednesday, July 8, S&P DJI added Nigeria to the Watchlist for potential upgrade from Standalone […]

New SEC regulation to enhance transparency in bank recapitalization
featured Finance

SEC announces shift to T+1 settlement cycle for Nigerian capital market

The Securities and Exchange Commission has announced the transition to a T+1 settlement cycle for equities and commodities transactions with effect from Monday June 1, 2026. The Commission in a notice, outlined a comprehensive framework that all capital market operators and relevant stakeholders are encouraged to adopt in preparation for this significant change. The Commission […]

SEC to strengthen borrowing regulatory framework in Nigeria
Scams

SEC warns Nigerians against risky unregistered online investment schemes

The Securities and Exchange Commission has warned Nigerians against investing in unregistered online investment schemes being aggressively promoted on social media platforms, cautioning that many of them exhibit characteristics of Ponzi schemes. The warning was contained in a public notice dated May 8, 2026, and published on the Commission’s official communication channels. Several of the […]

New SEC regulation to enhance transparency in bank recapitalization
Finance

SEC cautions fintechs on rising risks in digital finance

The Securities and Exchange Commission Nigeria has warned fintech operators that technology, while expanding access to investment opportunities, can also magnify risks if not properly managed. This caution came during the first biannual SEC Regulator–FinTech Clinic. Rabi Maidawa, fund authorisation officer at the commission, addressed the event. She explained that technology-driven platforms do not remove […]