Securities and Exchange Commission (SEC) has identified limited investor participation, regulatory hurdles and macroeconomic instability as key obstacles hindering the capital market’s contribution to the nation’s one trillion dollar economic goal. The Director-General of SEC,… $1trn economy: SEC lists factor constraining capital market’s potential …C0NTINUE READING >>>>
FG issues N1.1trn Sukuk bonds for road projects …C0NTINUE READING >>> The Securities and Exchange Commission (SEC) has said the Federal Government issued six Sovereign Sukuk worth N1.1 trillion ($657.6m) to finance 124 federal road projects. A statement by SEC said its Director-General, Dr Emomotimi Agama, said this during the ongoing 2nd International Islamic Capital … Read more
PenCom lifts restrictions on LPFAs investing in commercial papers …C0NTINUE READING HERE >>> The National Pension Commission (PenCom) has lifted restrictions on Licensed Pension Fund Administrators (LPFAs) investing in commercial papers where capital market operators act as Issuing and Paying Agents (IPAs). This decision was announced through a circular issued by the commission on Tuesday … Read more
It’s time for fintech operators to follow rules – SEC …C0NTINUE READING HERE >>> The Securities and Exchange Commission (SEC) has said it is about time fintech operators are held to the rules of the capital market, especially in terms of fund-raising. TheNewsGuru.com (TNG) reports Director-General of SEC, Dr Emomotimi Agama said this in a … Read more
Banks, others raise N2.7trn via rights, public issuance …C0NTINUE READING HERE >>> Read full article Banks, others raise N2.7trn via rights, public issuance on TheNewsGuru. The Securities and Exchange Commission (SEC) says more than N2.7 trillion has been raised in the capital market by banks and other companies. Read full article Banks, others raise N2.7trn … Read more
Ponzi schemes growing every day in Nigeria – SEC warns …C0NTINUE READING HERE >>> The Securities and Exchange Commission (SEC) says Ponzi schemes in the country’s market is continuously growing on a daily basis. Dr Emomotimi Agama, the Director-General of SEC said this at an engagement with newsmen in Abuja on Monday. Agama who appealed … Read more
ISB proposes N20m fine for Ponzi scheme operators …C0NTINUE READING HERE >>> The Securities and Exchange Commission (SEC) says the Investments and Securities Bill (ISB) 2024 is proposing a penalty of not less than N20 million or 10 years imprisonment or both for Ponzi scheme operators. The Director-General of SEC, Dr Emomotimi Agama, … Read more
Why we approved crypto exchanges – SEC …C0NTINUE READING HERE >>> The Securities and Exchange Commission (SEC) on Wednesday, explained that it granted approval-in-principle to two crypto exchanges recently to give Nigerian youths the opportunity for capital market participation. NAN reports that SEC, on Thursday, granted Busha Digital Ltd., and Quidax Technologies Ltd., “approval-in-principle” to … Read more
SEC officially accepts two cryptocurrency firms to operate in Nigeria …C0NTINUE READING HERE >>> The Securities and Exchange Commission (SEC), has officially granted operational approvals to several crypto operators, indicating an acceptance of the digital currency. On Thursday, the SEC announced that it had granted approval-in-principle to two Digital Asset Exchanges to begin operations under … Read more
Two cryptocurrency firms granted approval to operate in Nigeria …C0NTINUE READING HERE >>> The Securities and Exchange Commission (SEC) has granted two digital assets Exchanges “Approval-in-Principle” to commence operation under the Accelerated Regulatory Incubation Program (ARIP). Ms Efe Ebelo, the spokesperson of the commission announced this in a statement on Thursday in Lagos. According to … Read more