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SEC to clamp down on unregistered crypto exchanges

The Securities and Exchange Commission has announced that it will soon initiate enforcement actions against individuals and business entities, including cryptocurrency exchanges, operating outside its regulatory framework. In a statement released on Sunday, SEC Director-General Dr. Emomotimi Agama emphasized the commission’s commitment to safeguarding investors, according to Nairametrics. This follows the SEC’s recent approval in […]

SEC to strengthen borrowing regulatory framework in Nigeria
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SEC threatens banks with N1m over recapitalisation rule violations

The Securities and Exchange Commission has threatened banks with a N1 million penalty if they fail to submit comprehensive capital increase applications, to enforce compliance with banking sector recapitalisation standards. This was disclosed in a statement by SEC, according to The PUNCH. It stated that banks must adhere to certain norms and procedures to acquire […]

SEC seeks measures to reduce N190bn unclaimed dividend
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SEC seeks measures to reduce N190bn unclaimed dividend

Melvin Onwubuke   The Securities and Exchange Commission said that it has intensified strategies for reducing the level of unclaimed dividends by investors on the capital market. After holding a three-day investor clinic in Yobe State to address investors’ complaints, the apex regulatory body entrusted with regulating and developing Nigeria’s capital market disclosed this to […]

SEC seeks measures to reduce N190bn unclaimed dividend
News

SEC announces stricter screening for digital asset providers

The Securities and Exchange Commission has unveiled plans to enhance the licensing, registration, and screening procedures for digital and virtual asset service providers. The SEC aims to strengthen market integrity and protect investors by preventing individuals with criminal backgrounds from participating as operators in the capital market. The new guidelines will complement the existing regulatory […]

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SEC announces N177bn unclaimed capital market dividends

  The Nigeria’s Securities and Exchange Commission on Friday reported a rise from N168 billion in unclaimed dividends in 2020 to N177 billion in 2021. According to The PUNCH, this was disclosed by the Director-General, SEC, Lamido Yuguda in Abuja while speaking on some of the outcomes of the second Capital Market Committee meeting. Responding […]

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SEC workers protest unpaid allowances, others

Aggrieved staff members of the Securities and Exchange Commission on Thursday held hours-long protest at the headquarters of the commission to communicate their demands which they said the management of the agency has refused to address over time. During the protest, the staff of the commission expressed dismay over issues such as unpaid allowances, delay […]