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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
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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 […]

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CBEX, other unregistered platforms are illegal, SEC warns Nigerians

The Securities and Exchange Commission of Nigeria has clarified its stance on CBEX, a digital asset trading platform, stating that any such platform operating without registration is illegal. This statement follows user complaints and rumors that CBEX and similar platforms may have been shut down after users were unable to access or withdraw their funds […]

New SEC regulation to enhance transparency in bank recapitalization
Business

SEC reaffirms commitment to protecting investors

The Securities and Exchange Commission has reiterated its commitment to protecting investors in Nigeria’s capital market by cracking down on fraudulent activities. The Director-General of SEC, Dr. Emomotimi Agama, emphasized that operators involved in unethical practices will face strict penalties, as the Commission remains focused on safeguarding investor interests. “So, clearly for us, it is […]

New SEC regulation to enhance transparency in bank recapitalization
News

SEC revokes Mainland Trust Limited’s license for regulatory violations

The Securities and Exchange Commission has revoked the registration of Mainland Trust Limited as a capital market operator, effective immediately. This action was taken due to the company’s failure to comply with regulatory directives and unresolved complaints against it. The revocation was executed under the authority granted by Section 38(4) of the Investments and Securities […]

SEC to strengthen borrowing regulatory framework in Nigeria
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SEC introduces license for crypto, virtual assets providers

Nigeria’s Securities and Exchange Commission is getting ready to introduce licenses to companies offering virtual assets, including cryptocurrencies as part of its plan to protect investors in the face of the nation’s increasing acceptance of digital currencies. The SEC Director-General Emomotimi Agama stated this In an interview with Bloomberg on Tuesday, adding that this month […]