sec

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...

STAKEHOLDERS EMPHASIZE ROLE OF CREDIT RATING AGENCIES AS SEC CONSIDERS ACCOUNTABILITY MEASURES Key Details: 1. Role of Credit Rating Agencies (CRAs): Stakeholders in Nigeria’s financial market have highlighted the importance of CRAs in promoting transparency, reducing information asymmetry...

NIGERIA REQUIRES OVER $50 BILLION TO BRIDGE INFRASTRUCTURE DEFICIT – SEC Details: 1. Nigeria's Infrastructure Deficit: Emomotimi Agama, Director-General of the Securities and Exchange Commission (SEC), emphasized during a recent panel session that Nigeria needs over $50 billion to address its...

SEC ADVOCATES DIGITAL FINANCE TO ENHANCE NIGERIA'S CAPITAL MARKET PARTICIPATION Detailed Breakdown: The Securities and Exchange Commission (SEC) emphasized the need for investor education and digital finance to promote greater participation in Nigeria's financial markets. This was highlighted...

SEC TO STRENGTHEN FINTECH REGULATIONS FOR ENHANCED INVESTOR PROTECTION The Securities and Exchange Commission (SEC) is preparing to enforce stricter regulations within the fintech sector to safeguard investor funds and ensure alignment with existing laws. This move, announced by SEC's...

SEC PLEDGES TO COMBAT CRYPTO FRAUD AND STRENGTHEN REGULATORY OVERSIGHT In response to the increasing complexities within Nigeria’s cryptocurrency sector, the Securities and Exchange Commission (SEC) has committed to intensifying its enforcement measures to tackle fraud, money laundering, and...

SEC TO HOST INVESTOR CLINICS ACROSS MAJOR NIGERIAN CITIES DURING WORLD INVESTOR WEEK 2024 The Securities and Exchange Commission (SEC) is set to host investor clinics in Lagos, Abuja, and Port Harcourt from October 7-11, 2024, as part of World Investor Week. This initiative, announced by SEC...

SEC TO EDUCATE NIGERIANS ON CAPITAL MARKET INVESTMENT OPPORTUNITIES DURING WORLD INVESTOR WEEK The Securities and Exchange Commission (SEC), led by Director General Emomotimi Agama, announced plans to use the upcoming 2024 World Investor Week (WIW) to raise awareness about various investment...

SEC TO TACKLE INVESTMENT FRAUD, PLANS TO LAUNCH CAPITAL MARKET RADIO 1. SEC's Warning Against Illegal Fund Management: The Securities and Exchange Commission (SEC) has issued a stern warning to individuals and entities involved in illegal fund management schemes. The Commission emphasized that...