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Business

Nigeria records $96bn in crypto, virtual asset transactions — SEC

Nigeria’s digital finance ecosystem recorded approximately $96bn in cryptocurrency and other virtual asset transactions, according to Emomotimi Agama, Director-General of the Securities and Exchange Commission. Speaking at a Citizens and Stakeholders Engagement Session organised by the Federal Ministry of Finance in Abuja on Monday, Agama said the sheer scale of activity in the digital asset […]

MTN, Banking stocks fuel NGX's bullish run
Economy

NGX, SEC review free-float rules to boost market liquidity

Nigerian regulators are reviewing free-float requirements for listed companies to boost liquidity, deepen the equity market, and attract more investors. Many of Nigeria’s largest listed firms are tightly held by controlling shareholders. This limits liquidity and increases the risk of sharp price swings. Nigeria currently requires large companies to have a minimum public shareholding of […]

Uncategorized

SEC unveils platform to boost investor protection, FinTech growth

The Securities and Exchange Commission has officially launched its inaugural Regulator/FinTech Clinic, signaling a proactive move to strengthen engagement with Nigeria’s rapidly growing financial technology sector. Held on Tuesday, the clinic aims to align innovation with regulatory compliance while ensuring investor protection. At the clinic’s opening, SEC Director-General Emomotimi Agama underscored the need for close […]

Business

SEC partners NOA to raise awareness on illegal investment schemes

The Securities and Exchange Commission has signaled its willingness to work with the National Orientation Agency to educate Nigerians about illegal investment schemes. SEC Director-General, Dr. Emomotimi Agama, made the statement during a meeting with NOA Director-General, Mallam Lanre Issa-Onilu, in Abuja on Thursday. He said, “These are not supposed to be, but many people […]

New SEC regulation to enhance transparency in bank recapitalization
Business

SEC lowers fund manager capital requirement to 0.1% after industry pushback

The Securities and Exchange Commission has clarified that fund and portfolio managers are required to hold 0.1 per cent of Assets Under Management as regulatory capital, not 10 per cent as initially indicated in its January 16, 2026, circular. Reliable sources within the SEC confirmed the correction following feedback from capital market operators, according to […]

New SEC regulation to enhance transparency in bank recapitalization
Business

SEC warns Nigerians against Voya Investment Management platform

The Securities and Exchange Commission has cautioned the public against doing business with Voya Investment Management, an online investment platform. According to the SEC, the firm operates through the website investmemts.voya.com. In a notice issued on Wednesday, the commission stated that Voya’s claims of being licensed or regulated by the SEC are false and misleading. […]

New SEC regulation to enhance transparency in bank recapitalization
Business

SEC, SMEDAN partner to boost SME access to capital market

The Securities and Exchange Commission and the Small and Medium Enterprises Development Agency of Nigeria have entered into a strategic Memorandum of Understanding to enhance small business access to the Nigerian capital market. Signed in Abuja, the agreement seeks to open up alternative financing channels for more than 40 million registered micro, small, and medium […]

New SEC regulation to enhance transparency in bank recapitalization
Business

SEC unveils redesigned website to enhance investor protection

The Securities and Exchange Commission Nigeria has unveiled its redesigned website, aimed at boosting digital engagement, regulatory transparency, and investor protection. Announcing the launch on Monday, the Commission said the upgrade reflects its drive to modernize operations and expand access to vital financial information. The new platform features a mobile-friendly design, streamlined navigation, and consolidated […]

New SEC regulation to enhance transparency in bank recapitalization
Business

SEC clarifies director tenure rules, eases market operators’ fears

The Securities and Exchange Commission has issued a guidance note to clarify its recent directive on director tenure and board appointments, offering reassurance to capital market operators unsettled by last week’s announcement. The note specifies that the directive applies to Capital Market Operators identified as Financial Market Infrastructures and Significant Public Interest Entities, and provides […]

New SEC regulation to enhance transparency in bank recapitalization
featured

SEC bans independent directors from becoming CEOs

The Securities and Exchange Commission has prohibited independent non-executive directors from assuming executive positions—such as chief executive officer—within the same company or corporate group. In a circular dated June 20, 2025, the SEC outlined its stance on the “Transmutation of Independent Non-Executive Directors and Tenure of Directors,” notifying all public companies and capital market operators. […]

New SEC regulation to enhance transparency in bank recapitalization
News

SEC unveils crypto smart initiative to shape stablecoin rules

The Securities and Exchange Commission of Nigeria is set to launch the Crypto Smart, Nigeria Strong initiative to collaborate with developers in designing a regulatory framework for stablecoins. The initiative is part of the SEC’s broader efforts to attract reputable players, promote investor education, and enhance digital literacy in the digital asset space. This was […]