SEC - Page 4

SEC To Investors:Don’t Invest in Risevest,Stecs Cooperative Societies

The Securities and Exchange Commission (SEC) has advised Nigerians against engaging in any investment-related transactions with Risevest (Victoria Island) Cooperative Multipurpose Society Limited and Stecs (Alausa) Multipurpose Cooperative Society,popularly known as Stecs.

January 26, 2025

by Mohammed Shosanya

SEC,EFCC Strengthen Ties On Reduction Of Trading Manipulations

Mohammed Shosanya The Securities and Exchange Commission has pledged to work with the Economic and Financial Crimes Commission in a bid to ensure that trading manipulations are reduced in the virtual space.

May 16, 2024

Regulators·SEC

SEC Unveils New Rules On Issuance,Allotment Of Private Companies’ Securities

Mohammed Shosanya The Securities and Exchange Commission (SEC Nigeria) has exposed New Rules on Issuance and Allotment by Private Companies Securities in the country. It declared that any person who issues or

May 10, 2024

Regulators·SEC

Virtual Assets:SEC DG Goes Tough On Illegal Traders

Mohammed Shosanya Pursuant to its bid to rid the Virtual Assets space of illegal trading activities, the Securities and Exchange Commission has reaffirmed its commitment to act decisively to uphold the integrity

May 7, 2024

Regulators·SEC

Acting SEC DG Resumes,Promises Improved Regulation Of Capital Market

Mohammed Shosanya Acting Director General of Security and Exchange Commission,Dr. Emomotimi Agama,has resumed office pending confirmation of his appointment by the Senate . He promised to ensure that the capital market is

May 2, 2024

Regulators·SEC

SEC Upscales Strategy To Reduce Unclaimed Dividends

Mohammed Shosanya The Securities and Exchange Commission (SEC), the apex regulator saddled with the dual responsibilities of regulating and developing the Nigerian capital market,has upscaled strategy to reduce unclaimed dividends by stockholders

March 8, 2024

Regulators·SEC

Expose Illegal Fund Managers, SEC Tells Investors

Mohammed Shosanya The Securities and Exchange Commission has urged members of the public to report any fund manager operating without the registration of the commission. Chief Economist, SEC Dr. Okey Umeano,who stated

April 27, 2023

Regulators·SEC

SEC, NAIC Move To Strengthen Commodities Trading System

The Securities and Exchange Commission has expressed its readiness to partner with the Nigerian Agricultural Insurance Corporation in a bid to further deepen the commodities trading ecosystem. Director General of the SEC,

February 12, 2023

Regulators·SEC

SEC Tightens Noose On Illegal Market Operators

By Tunde Sholanke The Securities and Exchange Commission, has assured Nigerians of a renewed onslaught against illegal operators in the country’s capital market. It also said that the persisted proliferation of

January 5, 2023

Regulators·SEC

The Securities and Exchange Commission (SEC),has blacklisted Italian e-commerce companies in the country.

The regulator,in a statement warned Nigerian investing public to desist from dealing with blacklisted foreign companies. The four companies are; Tetris Group Limited, Broker Capitals Limited, MTinvesting and NBIMarkets. The warning

December 27, 2022

Regulators·SEC

NDIC Settles 248 Complaints, Recovers N8.3bn From Banks

The Nigeria Deposit Insurance Corporation (NDIC), resolved 248 complaints from its prospective depositors and recovered over N8.3 billion from their respective banks. Its Managing Director, Mr. Bello Hassan, disclosed this at the

December 12, 2022

NAICOM·Regulators·SEC

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