Business

SEC flags Silverkuun as fraud risk, warns Nigerians to stay away

DailyTimesNGR DailyTimesNGR 28 May 2025 0

BY TEMITOPE ADEBAYO The Securities and Exchange Commission (SEC) has warned the public against investing in unregistered investment schemes, including Silverkuun Investment Cooperative Society/Silverkuun Limited. In a circular issued in Abuja, Wednesday, the commission said its attention had

Business

SEC intensifies fight against Ponzi schemes with market outreach

DailyTimesNGR DailyTimesNGR 9 May 2025 0

BY TEMITOPE ADEBAYO The Securities and Exchange Commission (SEC) has ramped up its fight against Ponzi schemes in Nigeria, vowing to take decisive action against illegal fund operators while educating the public to prevent further victimisation. At an awareness campaign held at the Dei-Dei Building Materials Market in Abuja, the SEC emphasised its commitment to […]

Business

SEC warns against illegal schemes, uncovers new Ponzi platform Tofro

DailyTimesNGR DailyTimesNGR 3 May 2025 0

..CAC, EFCC papers not licensed for investment operations- Agama BY MOTOLANI OSENI The Securities and Exchange Commission (SEC) has uncovered another suspected illegal investment platform, Tofro.com, warning Nigerians to steer clear of its deceptive cryptocurrency operations. The platform, according to the Commission, is neither registered nor regulated by the SEC and

Business

SEC urges Nigerians to report Ponzi schemes, warns of rising fraud risks

DailyTimesNGR DailyTimesNGR 25 April 2025 0

BY TEMITOPE ADEBAYO The Securities and Exchange Commission (SEC) has urged Nigerians to report any suspected illegal investment schemes to the commission for proper investigation and necessary action. In a notice issued yesterday, the SEC warned the investing public about the significant dangers posed by Ponzi investment schemes, which threaten the growth of the capital

Business

SEC threatens jail for influencers, bloggers promoting unregistered schemes

Ihesiulo Grace 21 April 2025 0

BY TEMITOPE ADEBAYO The Lagos Chamber of Commerce and Industry (LCCI) has stated that, despite a decline in food inflation, the government must maintain its focus on boosting food production through ongoing policy reforms and prompt actions, especially following the declaration of a national emergency on food security. Nigeria’s inflation rate rose to 24.23 per […]

Business

SEC, SMEDAN partner to boost SME access to capital market funding

DailyTimesNGR DailyTimesNGR 15 April 2025 0

BY TEMITOPE ADEBAYO The Securities and Exchange Commission SEC is to collaborate with the Small and Medium Enterprises Development Agency of Nigeria to implement joint nationwide sensitization campaigns on “Financing SMEs through the Capital Market.” Director General of the SEC, Dr. Emomotimi Agama who stated this during a meeting with SMEDAN in Abuja, Tuesday, said […]

Business

SEC warns digital asset firms, online forex platforms as ISA 2025 bans unregistered operators

DailyTimesNGR DailyTimesNGR 14 April 2025 0

BY TEMITOPE ADEBAYO The Securities and Exchange Commission (SEC) has declared that under the newly enacted Investments and Securities Act, 2025 (ISA 2025), any digital asset exchange or online foreign exchange trading platform operating without registration is now illegal in Nigeria. Signed into law by President Bola Ahmed Tinubu, the legislation introduces a sweeping

Business

Investments and Securities Act 2025 to boost capital market growth—SEC

DailyTimesNGR DailyTimesNGR 5 April 2025 0

BY TEMITOPE ADEBAYO The Securities and Exchange Commission (SEC) has said, the Investments and Securities Act 2025 is a game changer that has the strong potential for stimulating growth for the Nigerian capital market and the economy. The director-general of SEC, Dr. Emomotimi Agama stated this during an interview in Abuja on some of the […]

Business

SEC cancels Mainland Trust registration, suspends Centurion Registrars over regulatory violations

DailyTimesNGR DailyTimesNGR 16 March 2025 0

BY TEMITOPE ADEBAYO The Securities and Exchange Commission (SEC) said, it has cancelled the registration of Mainland Trust Limited and the suspension of Centurion Registrars. The commission, in separate circulars issued at the weekend said, the sanctions were imposed following the failure of both firms to comply with regulatory directives. The circular on Mainland Trust

Business

SEC to educate state governments on capital market wealth creation

DailyTimesNGR DailyTimesNGR 10 February 2025 0

BY TEMITOPE ADEBAYO The Securities and Exchange Commission (SEC) is set to launch an investor education campaign aimed at helping state governments across Nigeria explore wealth creation opportunities in the capital market. SEC Director General, Dr Emomotimi Agama, disclosed this during a meeting with a delegation from the World Bank Group and the International Finance

Money

SEC to strengthen regulatory framework for govt, corporate borrowings

DailyTimesNGR DailyTimesNGR 12 January 2025 0

BY TEMITOPE ADEBAYO The Securities and Exchange Commission (SEC) has expressed its readiness to improve the regulatory framework as it regards borrowing by governments and corporates. The director-general of the commission, Dr Emomotimi Agama disclosed this during an interview, saying, this has become important given the critical role borrowing plays in the financial

Money

SEC reaffirms commitment to transparency, fairness in fintech regulation

DailyTimesNGR DailyTimesNGR 27 December 2024 0

BY TEMITOPE ADEBAYO The Securities and Exchange Commission (SEC) has pledged its dedication to ensuring transparency and fairness in regulating Nigeria’s fintech sector. This assurance was given by SEC Director General, Dr Emomotimi Agama, during a meeting with applicants under the Regulatory Incubation Programme and Accelerated Regulatory Incubation Programme on Monday.

Money

SEC mandates public companies to publish financial returns online by 2025

DailyTimesNGR DailyTimesNGR 21 December 2024 0

BY TEMITOPE ADEBAYO The Securities and Exchange Commission (SEC) has issued a directive requiring all publicly listed companies to publish their financial statements on their websites effective from January 2025. The Commission while issuing the directive in a Circular Thursday, warned that failure to comply with this directive would attract sanctions. According to the

Money

SEC reassures investors of fund safety amid growing fintech adoption

DailyTimesNGR DailyTimesNGR 16 December 2024 0

BY MOTOLANI OSENI The Securities and Exchange Commission (SEC) has reaffirmed its commitment to safeguarding investors’ funds, highlighting the need for robust oversight as financial technology (fintech) continues to reshape Nigeria’s investment landscape. Speaking at the one-day capacity training for financial journalists in Abuja, the Director General of the SEC,

Money

SEC affirms commitment to fund SMEs for economic growth

DailyTimesNGR DailyTimesNGR 27 October 2024 0

BY MOTOLANI OSENI The Securities and Exchange Commission SEC, has expressed its readiness to support Small and Medium Enterprises (SMEs), offer shares to investors through online platforms, allowing backers to receive equity and participate in the company’s growth and profits. Agama who stated this in a Goodwill Message at the 2024 National MSME Conference, said […]

Money

SEC’s proactive approach enhances banking recapitaliation process, says DG Emomotimi Agama

DailyTimesNGR DailyTimesNGR 23 September 2024 0

BY MOTOLANI OSENI The guidelines released by the Securities and Exchange Commission SEC prior to the banking recapitalization exercise has been described as one of the steps that has made the process more transparent and easily accessible for Nigerians to participate in. Director General of the SEC, Dr Emomotimi Agama stated this at the Commission’s […]

Money

SEC reassures adequate regulation to grow digital assets industry

DailyTimesNGR DailyTimesNGR 17 September 2024 0

The Securities and Exchange Commission (SEC) has assured stakeholders in the Digital Assets space of providing the necessary guidance that will grow the industry, create wealth for Nigerians and lead to economic growth and development. Director-general of SEC, Dr Emomotimi Agama said, the commission is willing to be patient in ensuring that majority of interested […]

Headlines

SEC warns against capital market infractions, to commence enforcement

DailyTimesNGR DailyTimesNGR 9 September 2024 0

The Securities and Exchange Commission (SEC) has warned individuals and business entities engaging in activities contrary to laid down regulations in the capital market. The Director-General of SEC, Dr Emomotimi Agama, said in a statement in Abuja on Sunday, that the commission would deploy the law on such defaulters. Agama said that the commission would […]

Headlines

SEC to reduce N190bn unclaimed dividends through investor clinics

DailyTimesNGR DailyTimesNGR 8 March 2024 0

By Motolani Oseni The Securities and Exchange Commission (SEC) has concluded plans to conduct a series of investor clinics across the country. This initiative is set against the backdrop of an intensive three-day investor clinic recently organised in Yobe State by the SEC, in collaboration with the Gombe State Investment and Property Development Company. The […]

Business

NASD gets SEC’s approval to launch Digital Securities

DailyTimesNGR DailyTimesNGR 17 January 2024 0

By Mathew Brangyet The Securities and Exchange Commission (SEC) has given approval to NASD Plc to launch its Digital Securities Platform (N-DSP), powered by Blockstation, under the Regulatory Incubation (RI) Programme. This milestone follows the lift of ban on trading on digital assets by the Central Bank of Nigeria (CBN), signifying a major stride towards […]