SEC Nigeria
SEC pushes for transparency to boost investor trust
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to accountability and transparency as vital instruments for fostering investor confidence and driving sustainable growth in Nigeria’s capital market. Dr. Emomotimi Agama, Director-General of the SEC, made this assertion while delivering a goodwill message at a high-profile stakeholder engagement focused on internal control over financial […]
Capital Market Holds Key to $700bn Mining Boom
Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, has stated that unlocking the country’s estimated $700 billion solid minerals wealth hinges critically on the active participation of the capital market. Alake made this assertion during a high-level webinar jointly organized by NASD Plc and the Solid Minerals Development Fund (SMDF) under the theme: “Unlocking […]
SEC Explores Quantum, Blockchain to Revolutionize Capital Market
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to driving innovation in Nigeria’s capital market through the adoption of advanced technologies such as blockchain and quantum computing. The move, according to SEC Director-General Emomotimi Agama, is aimed at positioning Nigeria as a leader in Africa’s evolving financial technology ecosystem while ensuring strong investor […]
Shettima: Judiciary Crucial to Deepening Capital Market
Vice President Kashim Shettima has stressed the vital role of the judiciary in Nigeria’s capital market development, urging judges to deliver prompt and expert rulings that protect investors and foster regulatory confidence. Shettima made the remarks at a high-level judicial workshop organized by the Securities and Exchange Commission (SEC) in Abuja. The two-day event, themed […]
Shareholders Reject CBN Move on Unclaimed Dividends
Shareholders across Nigeria have voiced strong opposition to a legislative move mandating the transfer of unclaimed dividends from company registrars to the Central Bank of Nigeria (CBN), describing the action as unconstitutional and an outright violation of investor rights. The Independent Shareholders Association of Nigeria (ISAN), one of the country’s foremost shareholder advocacy groups, issued […]
SEC Urges Nigerians to Harness Demographic Dividend for Economic Growth
The Securities and Exchange Commission (SEC) has called on Nigerians to harness the country’s burgeoning youthful population to unlock the nation’s full economic potential and bridge persistent inequalities. This charge was delivered by the Director-General of the SEC, Dr. Emomotimi Agama, during the United Capital Asset Management Investment Forum held on Wednesday in Lagos. Emphasising […]
SEC Cautions Against Investing in Punisher Coin Over Fraud Concerns
The Securities and Exchange Commission (SEC) has sounded the alarm over the ongoing presale of a cryptocurrency called Punisher Coin, also known by its ticker symbol $PUN, warning Nigerian investors of significant risks due to the absence of regulatory approval. The SEC’s public notice, released on Sunday, explicitly stated that neither Punisher Coin nor its […]
SEC Joins Global Sustainability Reporting Network
In a major step toward enhancing sustainable finance and aligning with global environmental, social, and governance (ESG) frameworks, the Securities and Exchange Commission (SEC) of Nigeria has officially joined the Growth and Emerging Markets Committee (GEMC) Sustainability Network under the International Organisation of Securities Commissions (IOSCO). The announcement was made during IOSCO’s Annual Meeting held […]
SEC Declares CBEX Unregistered
The Securities and Exchange Commission (SEC) has issued a strong warning to the Nigerian public regarding Crypto Bridge Exchange (CBEX), declaring that the digital asset trading platform is not registered to operate within the Nigerian capital market. The regulatory body emphasized that CBEX and its affiliated companies, including ST Technologies International Ltd and Smart Treasure/Super […]
Is CBEX a Ponzi Scheme? Users Alarmed by Withdrawal Issues
Nigerian social media platforms have been thrown into a frenzy following a surge of complaints and warnings about CBEX, a digital asset trading platform that some users are now labeling a potential Ponzi scheme. What began as a wave of enthusiasm and testimonials about high returns has quickly morphed into anxiety, as users report difficulty […]