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

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 […]

Business

Unclaimed dividend by investors hit N190bn-SEC

Ihesiulo Grace 28 August 2023 0

By Motolani Oseni The Securities and Exchange Commission (SEC) has stated that the unclaimed dividends in Nigeria’s capital market now stand at the region of N190 billion. The director-general of SEC, Lamido Yuguda, disclosed this during the commission’s second Capital Market Committee (CMC) briefing held in Lagos via Zoom at the weekend. The Capital Market […]

Headlines

SEC blacklists 6 online trading platforms

Ihesiulo Grace 2 May 2023 0

The Securities and Exchange Commission (SEC), has blacklisted six online trading platforms in its latest crackdown on illegal and unregistered firms. In a circular by the Commission on Monday in Abuja, SEC said the platforms were purporting to offer investment and finance services and products. The circular said the platforms were not registered by the […]

Business

SEC to step up investor education

Ihesiulo Grace 4 February 2023 0

By Joy Obakeye The Securities and Exchange Commission (SEC) has restated its commitment to continue to educate and enlighten investors in a bid to ensure they make informed investment decisions. This was stated by the Head, Office of the Chief Economist of the SEC, Dr Okey Umeano during an interview in Abuja. Umeano stated that […]

Business

SEC updates market operators on renewal of registration

Ihesiulo Grace 28 December 2022 0

By Motolani Oseni Capital Market Operators and the general public have been informed that the annual renewal of Registration for year 2023 will commence from January 01, 2023 and expected to end on January 31, 2023. This was stated by the Securities and Exchange Commission (SEC) in a recent circular released to the capital market. […]

Headlines

FG to strengthen SEC towards Nigeria’s capital market development

Ihesiulo Grace 28 June 2022 0

By Motolani Oseni The Federal Government has said it would strengthen the Securities and Exchange Commission (SEC) to reposition Nigeria’s capital market to be at par with its peers globally. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed made the commitment in Abuja Monday when she received the Revised Nigerian Capital Market […]

News

SEC DG assures of profitability in 24 months, to reduce cost

Ihesiulo Grace 5 September 2021 0

Tunde Opalana, Abuja The Director-General, Securities and Exchange Commission (SEC), Mr Lamido Yuguda said the commission under his leadership has mapped out strategies to return the market back to profitability withing the next two years. This is as he said it is expedient for SEC to drastically cut down its operating costs to shore up […]

Business News

SEC adopts sustainable finance guidelines for CMOs

Ihesiulo Grace 23 May 2021 0

The Securities and Exchange Commission (SEC) has adopted the Nigerian Sustainable Finance Principles (NSFP) which was developed by the Financial Services Regulation Coordinating Committee (FSRCC) for Capital Market Operators (CMOs). A statement by the Commission in Abuja on Sunday said that the objectives of the guidelines were to stimulate a resilient, competitive and

Business Economy

Cut operational cost to catalyse business environment, economy –shareholders urge listed companies

Ihesiulo Grace 7 April 2021 0

The Shareholders Association, Ibadan Zone, has urged companies in Nigeria to be decisive and cut operational costs to catalyze the business environment in the face of economic challenges. The chairman of the association, Mr. Eric Akinduro, gave the advice in an interview with the News Agency of Nigeria (NAN) in Ibadan, the Oyo State capital, […]

Business

Why ban on $600m cryptocurrency market may be short-lived

Ihesiulo Grace 5 March 2021 0

The argument for and against the ban of transactions in cryptocurrency has engulfed Nigeria’s financial sector in the past few weeks. The Central Bank of Nigeria on February 7th directed commercial banks to a shutdown cryptocurrency account of all customers across the country. However, the the directive was greeted by wild condemnation, as the ban […]

Business

SEC to sustain implementation of 10-year capital market master plan

Ihesiulo Grace 9 July 2020 0

The continued implementation of the Ten-year Capital Market Master Plan will be one of the major focussed of the new management of the Securities and Exchange Commission (SEC). The new Director-General, SEC, Lamido Yuguda resumed on Monday July 6 alongside the Executive Commissioners namely: Reginald Karawusa, Ibrahim Boyi and Dayo Obisan. The new management team […]

Business

SEC leveraging on Fintech in capital market regulation

Ihesiulo Grace 11 May 2020 0

The Securities and Exchange Commission (SEC) has stated that it is leveraging the various opportunities available in the Fintech space to ensure proper regulation of the Capital market in the face of the COVID-19 pandemic. READ MORE: ‘Living in Bondage’ sequel is coming to Netflix this May Acting Director-General of the SEC, Ms Mary Uduk […]

Business

SEC clarifies ban on sharing of gifts at AGM

Ihesiulo Grace 13 April 2020 0

The Securities and Exchange Commission, SEC has clarified its position on the sharing of gifts at Annual General Meetings as contained in Rule 602 (4) of its Rules and Regulations. According to the SEC, “Rule 602(4) states that ‘’public companies shall not distribute gifts to shareholders, observers and any other person at Annual General Meetings/Extra-Ordinary […]

Business

SEC activates business continuity process

Ihesiulo Grace 2 April 2020 0

In compliance with the Federal Government’s directives on the cessation of movement in Lagos, Ogun and the Federal Capital Territory, Abuja, the Securities and Exchange Commission (SEC) has activated its business continuity process. Consequently, the staff of the Commission is working remotely while all its electronic channels remain open to provide the necessary support

News

SEC announces regulatory framework for crowdfunding, proposes N70m limit for SMEs

Ihesiulo Grace 30 March 2020 0

The Securities and Exchange Commission Nigeria (SEC), at the weekend announced a detailed draft of its regulatory framework for crowdfunding in the country. The draft, if eventually approved, proposes conditions under which private companies are permitted, “with the required structure and mechanism in place” to raise capital from the public through a process called

Business

Patronise illegal schemes at your risk, SEC warns domestic investors

Ihesiulo Grace 27 March 2020 0

The Securities and Exchange Commission (SEC) has again warned Nigerians against patronising fund managers that are not registered with the Commission. According to the SEC, in recent times, it has observed the proliferation of the operation of unlawful/unlicensed investment schemes, with promises of huge, but unjustifiable returns on investment. READ ALSO: FG dispels