SEC

The Securities and Exchange Commission (SEC) says operationalising crowdfunding will accelerate the country’s financial inclusion agenda and boost Micro, Small and Medium Enterprises (MSMEs). SEC executive commissioner, operations, Dayo Obisan, in a statement on Sunday, said crowdfunding could also increase the quantum of investible funds by unlocking the untapped capital in the economy. He said […]

The Securities and Exchange Commission (SEC) has proposed some guidelines that will allow capital market operators and investors to digitize all of their processes. The requirements are contained in the Minimum Operating Standards for Information Technology for capital market operators recently exposed to the public, released by the SEC. The commission argued that rules establishing […]

Eterna Plc has notified The Exchange and investing public that the SEC has granted Preline Limited, the Authority to Proceed with the acquisition of 1,300,000 units of ordinary shares, equivalent to 0.10% stake in Eterna Plc. This comes after Eterna plc, in November 2021, released a press statement on the acquisition of over 700 million units of […]

The Securities and Exchange Commission (SEC) has raised concern about the market’s high proportion of unclaimed dividends. This was made known by Mr. Lamido Yuguda, the Director-General of the SEC during the Post Capital Market Committee (CMC) webinar press briefing on Thursday. Unclaimed dividends, according to him, were caused by multiple subscriptions, in which some […]

According to PUNCH newspaper, the Central Bank of Nigeria and the Securities and Exchange Commission have sanctioned five major banks for committing over 20 various infractions, including the violation of foreign exchange market and anti-money laundering regulations. The banks are Guaranty Trust Holding Company Plc, United Bank for Africa Plc, Access Bank Plc, Stanbic IBTC […]


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