The Senate has called for improved budgetary provision for the Securities and Exchange Commission (SEC). The upper chamber said that the N22.40 billion for the commission’s 2024 budget was inadequate given the important role the commission plays in the nation’s prosperity. The Chairman…
The Securities and Exchange Commission (SEC) has granted Access Holdings Plc approval for the commencement of its N351 billion Rights Issue (‘the Offer’). This marks a significant milestone in the Group’s previously announced Capital Raising Programme, which aims to generate…
By Matthew Denis The Securities and Exchange Commission (“the Commission”) has launched the revamped e-Dividend Mandate Management System (e-DMMS) Portal! Investors whose shareholding accounts appear on the list of non-mandated accounts hosted on the Commission’s website (www.sec.gov.ng/non-mandated) are advised to…
The Securities and Exchange Commission (SEC) has announced plans to impose a N1 million penalty on banks failing to submit complete capital raise applications in line with banking sector recapitalisation guidelines. In a statement released, SEC emphasised that banks must…
The Securities and Exchange Commission (SEC) says the regulation of crypto-currencies and other digital assets are under its full control and regulation. The Director-General of SEC, Dr Emomotimi Agama, said this at the first Annual Conference of the Association of…
The Securities and Exchange Commission (SEC) says the digitisation of the Nigerian capital market will address issues related to unclaimed dividends, among other benefits. The Director-General of SEC, Dr Emomotimi Agama, stated this during a new conference and stakeholder engagement…
By Opeyemi Abdulsalam The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has called on investors and market intermediaries to embrace sustainable finance, a move that could unlock a potential $2.6 trillion market. Dr. Agama made…
The Nigerian Securities and Exchange Commission (SEC) has launched a new program aimed at speeding up the registration process of Virtual Assets Service Providers (VASP). According to the regulatory body, the new program will serve as an amendment to existing…
By Opeyemi Abdulsalam The Securities and Exchange Commission (SEC) has introduced a comprehensive framework to support the Central Bank of Nigeria’s (CBN) bank recapitalisation program. This framework aims to ensure a seamless, transparent, and efficient process for banks and holding…
The Securities and Exchange Commission has issued its Framework on Banking Sector Capitalisation Programme, 2024. The framework was released on the commission’s website on Friday. This comes following the Central Bank of Nigeria March’s announcement of fresh minimum capital requirements for…
