Tag: Security and Exchange Commission

News

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
News

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 […]

News

SEC urges more firms to list on Nigerian Exchange

The Securities and Exchange Commission has demanded that more businesses list on the Nigerian Exchange in an effort to support the Federal Government’s $1 trillion economic ambition and fortify the capital market. This was disclosed by the Director-General of the SEC, Emomotimi Agama during his first post-Capital Market Committee briefing held in Lagos at the […]

News

Bank recapitalisation vital to $1tn economy – SEC

The Director General of the Securities and Exchange Commission, Emomotimi Agama, has stated that Nigeria’s potential to become a $1 trillion economy can be fully realized through the ongoing bank recapitalisation. This was disclosed by Agama in a statement at a recent forum in Abuja focused on the ongoing bank recapitalisation. He highlighted the need […]

SEC to strengthen borrowing regulatory framework in Nigeria
Banking News

SEC endorses extension of Fidelity Bank public offer 

The Securities and Exchange Commission has approved a 14-day extension for the combined offer of Fidelity Bank, which was originally set to close on Monday. This disclosure was made in a market bulletin signed by the Head of the Issuer Regulation Department at the NGX Regulation, Godstime Iwenekhai, on Monday. He said,” Trading licence holders […]

New SEC regulation to enhance transparency in bank recapitalization
News

SEC okays NGX impact board to enhance sustainability

Nigerian Exchange Limited has been given permission by the Securities and Exchange Commission to establish its Impact Board, a platform designed to improve the listing and exposure of instruments with a sustainability focus. This initiative was disclosed during the closing Gong ceremony in Lagos, according to the statement on the company’s website. The statement stated […]