sec

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...

SEC GUIDELINES ENHANCED TRANSPARENCY IN BANK'S RECAPITALIZATION PROCESS The Securities and Exchange Commission (SEC) has highlighted that its guidelines played a pivotal role in ensuring the transparency of Nigeria’s recent banking recapitalisation exercise. Dr. Emomotimi Agama, the...

SEC URGES STATE-OWNED ENTERPRISES TO LIST ON NIGERIAN EXCHANGE Overview: The Securities and Exchange Commission (SEC) has called on government agencies and state-owned enterprises to consider listing on the Nigerian Exchange Limited (NGX) to enhance inclusivity and wealth creation. Key...

DIGITAL EXCHANGES TO BOOST YOUTH INVOLVEMENT IN CAPITAL MARKET Summary: - SEC's Approval: The Securities and Exchange Commission (SEC) has granted approval-in-principle to two cryptocurrency exchanges, Busha Digital Limited and Quidax Technologies Limited. This move aims to enhance youth...

COLLABORATION BETWEEN CBN, SEC, AND NDIC TO SIMPLIFY BANK RECAPITALISATION 1. Article Overview: - The Central Bank of Nigeria (CBN), the Securities and Exchange Commission (SEC), and the Nigeria Deposit Insurance Corporation (NDIC) are collaborating to streamline the bank recapitalization...

SEC APPROVES DREAMCITY CAPITAL 1. Approval-in-Principle by SEC: - The Security and Exchange Commission (SEC) has granted DreamCity Capital, a digital real estate investment platform in Nigeria, an "Approval in Principle." - This approval indicates that the proposal or application is...

SEC, CBN APPROVES ECOBANK CUSTODY BUSINESS 1. Background Information: - Ecobank Nigeria Limited has received approval from the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN) to launch its custody business operations in Nigeria. - The custody services in...

SEC WOOS FIRMS TO CAPITAL MARKET Summary: The Securities and Exchange Commission (SEC) is urging more companies to list on the Nigerian Exchange to boost market liquidity and align with the Federal Government's goal of achieving a $1 trillion economy. Key Points: 1. Call for More Listings...

SECURITIES AND EXCHANGE COMMISSION (SEC) UNCOVERS EFFORTS TO TACKLE UNCLAIMED DIVIDENDS Key Issue: Unclaimed Dividends - Total Unclaimed Dividends: The unclaimed dividends currently stand at N215 billion. - Commitment: The Securities and Exchange Commission (SEC) is committed to resolving the...

DANGOTE GROUP’s STOCK PERFORMANCE AND THE MERGER DENIAL 1. Stock Price Decline: - Dangote Sugar Refinery: The stock price dropped by 18.67% from N45.00 to N36.60 between May and August 2024. This decline is attributed to supply chain disruptions and volatile sugar prices, which negatively...

SEC TO UNVEIL PLANS FOR CAPITAL MARKET AT UPCOMING MEETING SUMMARY: The Securities and Exchange Commission (SEC) is preparing to present its vision for the Nigerian capital market at the Second Capital Market Committee (CMC) Meeting scheduled for August 14 in Lagos. This initiative aligns with...

UNCOVER UNCLAIMED DIVIDEND OWNERS, SENATE TELLS SEC 1. Senate Committee and SEC Collaboration: - Public Hearing: The Senate Committee on Capital Market, alongside the Security and Exchange Commission (SEC) and other stakeholders, held a public hearing on July 30, 2024. - Objective: The...

MINISTER URGES SEC TO TACKLE CRYPTOCURRENCY CHALLENGES The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has urged the newly inaugurated board of the Securities and Exchange Commission (SEC) to address the complexities of regulating cryptocurrencies and maintain...