Securities and Exchange Commission

SEC Proposes ₦3bn Capital Floor For Forex Brokers, Tighter Online Trading Rules

The Securities and Exchange Commission (SEC) is moving to tighten regulation of Nigeria’s online forex and contracts-for-differences market, with proposed higher capital requirements, stricter operating standards and stronger safeguards for customers’ funds.

SEC Raises Alarm Over Surge in Ponzi Schemes on WhatsApp, TikTok, Instagram

May 14, (THEWILL) — The Securities and Exchange Commission (SEC) has warned Nigerians against the growing number of unregistered online investment schemes being promoted across social media platforms, describing many of them as Ponzi operations designed to defraud...

Unclaimed Dividend Hits N190bn

August 27, (THEWILL) - The Securities and Exchange Commission (SEC) has stated that the unclaimed dividends in Nigeria’s capital market now stand at the region of N190 billion. The Director-General of SEC, Lamido Yuguda, disclosed this during the commission’s...

SEC’s Financial Statements Duly Audited Over The Years

The Securities and Exchange Commission has said that its financial statements have been duly audited over the years restating its commitment to high corporate governance standards. According to a statement signed by the Management of the Commission, "the attention of...

Sanwo-Olu, SEC, NGX, IFC Renews Call For Gender-Focused Initiatives

The Governor, Lagos State, Mr Babajide Sanwo-Olu, the Securities and Exchange Commission (SEC), Nigerian Exchange Limited (NGX) and the International Finance Corporation (IFC) have all renewed calls for more gender-focused initiatives that will create increased opportunities for women in...

How Capital Market Will Aid Nigeria’s Infrastructural Development – SEC DG

The Securities and Exchange Commission (SEC) has said that the Nigerian capital market will aid infrastructural development in the country. This disclosure was made by the Director General of SEC, Lamido Yuguda, on Thursday. Mr Yuguda expressed the belief that the...

Opening Up Nigeria’s Commodities Ecosystem

Commodities are raw materials or primary agricultural products that can be bought or sold. The prices are driven by factors such as demand and supply, weather or disaster, seasonality, geopolitics, market information and storage level and transportation. Prices of...

SEC Reiterates Commitment to Commodities Ecosystem Development

September 18, (THEWILL) – The Securities and Exchange Commission (SEC) has reiterated its commitment to developing the commodities ecosystem in Nigeria to boost its non-oil sector. The Director-General of SEC, Lamido Yuguda, stated this at the 2022 annual conference of the...

SEC Raises The Alarm Over Famzhi Interbiz Limited

BEVERLY HILLS, December 21, (THEWILL) - The Securities and Exchange Commission (SEC) has warned the Nigerian business community to be careful of the activities of Famzhi Interbiz Limited, saying the company is not registered as a financial services institution....
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Latest News

Mended Fences: 1,000 Goals In Sight As Ronaldo and Portugal Reconciliation Takes Shape

Cristiano Ronaldo’s turbulent relationship with the Portugal national team could be heading towards an unexpected reconciliation, with reports suggesting the veteran forward may return for one final international chapter as he closes in on the historic 1,000-goal milestone.
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