sec

⚠️ Nigeria’s SEC to Sanction Companies for Failing to Publish Financial Results Online Key Highlights: 1. New Directive: The Securities and Exchange Commission (SEC) of Nigeria has warned all quoted companies to publish their periodic financial results on their websites alongside filing...

Capital Market Set to Propel Nigeria Towards $1 Trillion Economy, Says SEC The Nigerian capital market is strategically positioned to drive the Federal Government’s ambitious goal of achieving a $1 trillion economy, according to Dr. Emomotimi Agama, Director General of the Securities and...

SEC Unveils #InvestNigeria Initiative to Boost Financial Literacy and Market Participation ✨ The Securities and Exchange Commission (SEC) has launched a groundbreaking enlightenment campaign, #InvestNigeria, aimed at attracting more Nigerians to participate in the capital market through...

SEC Taps Blockchain for a Transparent Capital Market Revolution Breakdown of the News: The Securities and Exchange Commission (SEC) of Nigeria has announced its exploration of blockchain technology to enhance trust and transparency within the capital market. This was disclosed by Dr...

Senate Advances Investment & Securities Bill 2024: Boost for Nigeria’s Capital Market Detailed Breakdown Key Highlights from the Bill’s Second Reading • The Investments and Securities Bill (ISB) 2024 successfully scaled its second reading in the Senate, marking a significant milestone...

New SEC Directive for Capital Market Operators: Enhancing Transparency and Standards The Securities and Exchange Commission (SEC) has introduced a new registration requirement for Capital Market Operators (CMOs) renewing their annual registration, aiming to strengthen industry accountability...

FG to Tighten Grip on Fintech Regulations SEC Pledges Stronger Oversight in Fintech Sector The Federal Government of Nigeria, through the Securities and Exchange Commission (SEC), has reiterated its dedication to investor protection by reinforcing regulations in the booming fintech space...

N1.7 Trillion Boost for Banks: SEC Highlights Success of E-Offering Platform The Securities and Exchange Commission (SEC) has revealed that a whopping ₦1.682 trillion has been raised through e-offering as part of banks' recapitalization efforts. This groundbreaking update was shared by the...

SEC Urged to Streamline Record-Keeping to Tackle N215bn Unclaimed Dividends Key Highlights: 1. Call for Better Record-Keeping: Shareholders have appealed to the Securities and Exchange Commission (SEC) to improve record-keeping processes to ease the retrieval of unclaimed dividends...

Ponzi Scheme Operators Face Tougher Penalties Proposed Fine and Jail Term Announced by SEC The Securities and Exchange Commission (SEC) is cracking down on Ponzi scheme operators to protect Nigerian investors. A newly proposed Investment and Securities Bill (ISB) 2024 includes strict...

Stakeholders Debate Investment Bill Provisions ️ Key government agencies, including the Central Bank of Nigeria (CBN) and the Ministry of Finance, have raised concerns over the Investment and Securities Bill (ISB) 2024 at a public hearing in the National Assembly. The bill aims to replace the...

Building Nigeria’s Future: SEC Chief Stresses Need for Strong, Innovative Capital Market Detailed Breakdown: 1. Capital Market as a Catalyst for Nigeria’s Future • Dr. Emomotimi Agama, Director-General of the Securities and Exchange Commission (SEC), emphasized that a strong...

SEC Encourages Stockbrokers to Unlock Capital Market Potential for Nigeria’s Economic Growth The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has urged stockbrokers and capital market stakeholders to fully leverage the potential of the Nigerian capital...

SEC Hosts Investor Clinic at Stockbrokers Conference in Ibadan Detailed Breakdown: The Securities and Exchange Commission (SEC) will hold an Investor Clinic in Ibadan, coinciding with the Chartered Institute of Stockbrokers Conference at the Jogor Event Centre. The event, starting Thursday...

SEC to Modernize Capital Market Curriculum with Focus on Cybersecurity, AI, and Fintech Detailed Breakdown: Curriculum Expansion to Address Emerging Trends The Securities and Exchange Commission (SEC) has announced its plan to expand Nigeria’s capital market education curriculum to include...

SEC Establishes Office to Boost Capital Access for Small Businesses in Nigeria Detailed Breakdown: The Securities and Exchange Commission (SEC) of Nigeria is advancing plans to launch a new office dedicated to small and medium-sized enterprises (SMEs) to enhance their access to capital...

SEC’s Proposed Regulations Could Transform VC Fund Management in Nigeria Detailed Breakdown: The Nigerian Securities and Exchange Commission (SEC) is proposing new rules that would require venture capital (VC) fund managers to play a more hands-on role in managing the companies they invest in...

SEC Director-General to Outline Capital Market’s Role in Wealth Creation at ICMR Annual Summit Article Summary: The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, is set to deliver the keynote address at the upcoming 13th annual conference of the...

SEC Urges Capital Market Operators to Align with FATF Standards for Resilient Financial Systems At the NCMI Compliance Summit 2024 in Lagos, the Securities and Exchange Commission (SEC) emphasized the importance of Nigerian capital market operators aligning with evolving Financial Action Task...

CBN AND SEC IMPOSE N1.5BN FINES ON 10 NIGERIAN BANKS FOR FOREX VIOLATIONS In the first half of 2024, the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) sanctioned 10 major banks for violations related to foreign exchange guidelines and other regulatory...