February 25, 2021
  • February 25, 2021

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Nigeria’s SEC working on initiative to attract more firms into capital market

by on December 8, 2020 0
The nation’s capital market regulator, Securities and Exchange Commission (SEC) said it’s working out modalities to attract more companies to deploy market instruments in raising funds and listing on the local bourse. According to the commission, it plans to boost the market capitalisation of the Nigerian Stock Exchange (NSE) through the initiative and increase... Read More

SEC issues new guidelines on registration of new capital market operators

by on October 23, 2020 0
By Samuel Bankole The Securities and Exchange Commission (SEC) has set fresh guidelines for the registration of new capital market operators, stating that from January 2021, the pre-registration examination will be conducted for intending capital market operators. SEC in a statement said that such pre-registration examinations conducted by the Nigerian Capital Market Institute would... Read More

SEC approves Stock Exchange central counterparty clearing house

by on October 5, 2020 0
The Securities and Exchange Commission (SEC) has granted the Nigerian Stock Exchange (NSE) the approval-in- principle for the registration of NG Clearing as a premier Central Counterparty Clearing House (CCP). The approval-in-principle by the SEC will allow the NSE to launch ETDs supported by NG Clearing in the risk management process. Set up by... Read More

SEC to regulate crypto currency, blockchain, issues guidelines

by on September 14, 2020 0
The Securities and Exchange Commission (SEC) said it has adopted a three-pronged objective to regulate innovation, hinged on safety, market deepening and providing solution to problems in the digital investment segment of the market. In a statement issued by the capital market regulator, it said while “Digital assets offerings provide alternative investment opportunities for... Read More

SEC to strengthens capital market enforcement regime ~Yuguda

by on August 21, 2020 0
The new Director General of the Securities and Exchange Commission (SEC) on Friday said he plans to strengthen the enforcement regime of the commission and clampdown on illegal operators in the capital market. Lamido Yuguda, who recently assumed office as SEC Director-General spoke at his first virtual Capital Market Committee (CMC) meeting held on... Read More

Alpha Trust can’t operate as investment scheme ~ SEC

by on August 19, 2020 0
The Securities and Exchange Commission (SEC) has declared the operations of Alpha Trust Investment Club (Atic Trust) illegal for its failure to comply with provisions of the Investment and Securities Act, 2007 (ISA). The commission in an email response to the Global Financial Digest enquiries into the activities of Atic Trust, said the company... Read More

Nigeria’s SEC fails to remit N4.72 bln to govt Treasury ~HoR

by on August 19, 2020 0
The House of Representatives has discovered that the Securities and Exchange Commission (SEC) under remitted N4.72 billion over three years into the government treasury as part of its statutory requirements. According to the HoR joint committee on Appropriations, Finance, Aids, Loans & Debt Management and National Planning, SEC remitted a total of N116.83 billion... Read More