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, Dr. Emomotimi Agama, said the […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 sustainable market […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 to […]