SEC

Dangote Group disclosed the approval on Friday, bringing the refinery closer to what is expected to be one of Africa’s largest equity offerings. At the offer price, the shares are worth about ₦2.15 trillion if fully subscribed.

July 3 (THEWILL) — The Securities and Exchange Commission (SEC) has granted Approval-in-Principle (AIP) to seven digital asset companies under its Accelerated Regulatory Incubation Programme (ARIP), expanding the number of firms operating within its regulatory sandbox as Nigeria strengthens...

June 6 (THEWILL) — Nigeria’s capital market is witnessing a new wave of growth driven largely by young investors using fintech platforms to access investment opportunities, according to the Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi...

May 19, (THEWILL) — Nigeria’s Securities and Exchange Commission (SEC) has issued fresh guidance ahead of the country’s transition to a T+1 settlement cycle for equities and commodities transactions, a move to deepen market efficiency and align the local...

April 13, (THEWILL) — Nigeria’s Securities and Exchange Commission (SEC) has directed an immediate freeze on the assets of 13 individuals and entities allegedly linked to terrorism financing, in a sweeping compliance move across the capital market. The directive...

March 23, (THEWILL) — Nigeria’s Securities and Exchange Commission (SEC) has given capital market operators a six-week deadline to submit their recapitalisation plans, signalling a renewed push to strengthen the country’s financial market infrastructure. The directive, which applies to key...

January 19, (THEWILL) — The Securities and Exchange Commission (SEC) has clarified that fund and portfolio managers will be required to hold 0.1% of Assets Under Management (AUM) as regulatory capital and not 10% as initially stated in its...

January 16, (THEWILL) — Nigeria’s Securities and Exchange Commission (SEC) has unveiled sweeping new capital requirements for operators in the capital market, significantly raising financial thresholds for fintech companies, digital asset firms, brokers, fund managers and other market participants. The...

January 16, (THEWILL) — Nigeria’s Securities and Exchange Commission (SEC) has issued a public warning against an online investment entity known as the Tunbosayo Okekunle Strategic Alpha Fund (TOSAF), flagging it as a suspected Ponzi-like scheme and urging the...

January 07, (THEWILL) — The Securities and Exchange Commission (SEC) has issued a public warning cautioning investors against doing business with an entity calling itself Voya Investment Management (VIM), saying the firm is not authorised to operate in...