Tag: SEC
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SEC laments high level of unclaimed dividends
The Securities and Exchange Commission (SEC) has lamented the high number of unclaimed dividends in the capital market.
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Ponzi scheme promoters to spend 10 years in jail as Reps pass new SEC Bill for second reading
Ponzi scheme promoters to spend 10 years in jail as Reps pass new SEC Bill for second reading
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SEC optimistic of capital market growth in 2022
The Securities and Exchange Commission (SEC) has expressed optimism of the capital market growth in 2022 due to its various initiatives. The Director-General of SEC, Mr Lamido Yuguda, said this in a statement released by the Commission in Abuja on Sunday. He expressed hope that as the restrictions of COVID-19 and its variants were eased…
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SEC raises alarm to another fake investment scheme aside Poyoyo
SEC raises alarm to another fake investment scheme aside Poyoyo
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SEC reveals latest Ponzi scheme in town, warns Nigerians against investing
The Securities and Exchange
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Nigeria’s unclaimed dividends increase to N170bn
The Securities and Exchange Commission (SEC) on Friday said the total unclaimed dividends in the Nigerian capital market stood at N170 billion as of December 2020. The Director-General, SEC, Mr Lamido Yuguda, said this at the second post-Capital Market Committee (CMC) virtual news conference. Yuguda said the figure had increased compared with N158.44 billion total…
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We are engaging CBN for better understanding, regulation of cryptocurrencies – SEC DG
The Securities and Exchange Commission (SEC) says it is working with the Central Bank of Nigeria (CBN) for better understanding and regulation of cryptocurrencies in the country. The Director-General, SEC, Lamido Yuguda, said this at the 2021 first post-Capital Market Committee (CMC) virtual news conference. Yuguda said that the commission was in discussion with the…
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SEC moves to improve forex earnings with new rules on warehousing
The Securities and Exchange Commission (SEC) has released new rules covering warehousing and collateral management to ensure vibrant commodities trading. A statement by the commission issued to newsmen on Sunday in Abuja said that the move would translate into foreign exchange earnings for the country. According to SEC, every warehouse that stores commodities to be…
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Cryptocurrency ban: SEC, CBN to provide level field for investments
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have agreed to collaborate and conduct research with a view to finding ways of regulating the Cryptocurrency market. They said this at a virtual lecture organised by the Association of Capital Market Academics of Nigeria (ACMAN) in Abuja on Sunday. Mr Timi…
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Cryptocurrencies: SEC to suspend admittance of persons affected by CBN directives
The Securities and Exchange Commission (SEC) says it will put on hold, admittance into its Regulatory Incubation Framework for Fintech firms, all persons affected by the Central Bank of Nigeria (CBN) cryptocurrencies circular. The commission made the disclosure in a statement it issued in Lagos on Thursday. It said that assessment of all persons and…