By Kayode Tokede The Securities and Exchange Commission (SEC) has warned the investing public on the proliferation of unregistered online investment and trading platforms facilitating access to trading in securities listed in foreign markets. This was contained in a circular…
By Kayode Tokede The Securities and Exchange Commission (SEC) has approved the appointments of the chief executives officers of the demutalised exchange and their operating subsidiaries. Chairman of Nigerian Exchange Group Plc (NGX Group) Board of Directors, Otunba Abimbola Ogunbanjo…
The Securities and Exchange Commission (SEC) has warned potential capital market investors against putting their funds in fraudulent investment schemes that promise unreasonably high returns that cannot be justified. The capital market regulator also outlined some of the tactics used…
…as Stanbic IBTC pays N32m penalty for cash evacuation to offshore accounts By Kayode Tokede The Central Bank of Nigeria (CBN) and the Securities Exchange Commission have imposed penalties of N277 million on Stanbic IBTC. The breakdown shows that N32million…
The Securities and Exchange Commission (SEC) has released new rules covering warehousing and collateral management to ensure vibrant commodities trading. A statement by the commission issued to newsmen on Sunday in Abuja said that the move would translate into foreign…
By Kayode Tokede The Securities and Exchange Commission (SEC) has re-introduced the periodic renewal of registration by Capital Market Operators (CMOs) to reduce incidences of unethical practices in the market. A circular pasted on the commission’s website on Thursday also…
By Kayode Tokede The Nigerian Stock Exchange (NSE) has received final approvals of its demutualisation plan from the Securities and Exchange Commission (SEC) and Corporate Affairs Commission (CAC) respectively. With these approvals, The Exchange has now completed its demutualisation process.…
By Kayode Tokede The Securities and Exchange Commission (SEC) is set to host the 2021 edition of Budget Seminar virtually on Thursday. The theme of the event is “Financing Nigeria’s Budget and Infrastructure Deficits through the Capital Market.” Expected as…
By Kayode Tokede The African Development Bank (AfDB) Group has signed a $400,000 grant agreement with the Securities and Exchange Commission (SEC) to strengthen securities market regulation and broaden market instruments. The Director General of the Commission, Lamido Yuguda stated…
By Kayode Tokede The continued activities of Ponzi schemes have been described as a threat to the protection of investors, the functioning of a fair and orderly financial market as well as the development of the economy at large. Director…
