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. The News Agency of Nigeria (NAN) reports that SEC, on Thursday, granted Busha Digital Ltd., and Quidax Technologies Ltd., “approval-in-principle” to commence operation under the Accelerated Regulatory Incubation Program (ARIP). The Director …

The Securities Exchange Commission (SEC) says it plans to license providers of virtual assets including cryptocurrencies to tap opportunities and protect investors as adoption rates surge in Nigeria. Speaking during an interview with Bloomberg, SEC’s director-general, Emomotimi Agama said the commission intends to issue first licences for digital service and tokenised assets this month. “Being a crypto enthusiast and fintech …

The Securities and Exchange Commission (SEC) has vowed to ensure the settlement of unclaimed dividends, which stood at N215 billion as at March 2024. This is as the Commission said it has approved nine new issuances totaling N1.228 trillion as at August, 2024. The Director-General (DG) of SEC, Dr. Emomotimi Agama stated this during the Second Post CMC briefing held …

Nigeria’s capital market regulator, Security and Exchange Commission (SEC) has warned against investing in $Davido meme coin or any other kind of meme coin in the country, highlighting that doing otherwise was at the investor’s risk. Popular Nigerian singer, David Adeleke, a.k.a Davido, recently ventured into cryptocurrency in May, partnering with Phantom and Solana to launch $DAVIDO, whose market value …

President Bola Tinubu has made appointments into the Board of the Securities and Exchange Commission (SEC). Mr. Mairiga Aliyu Katuka  has been named the Chairman, while Mr. Emomotimi Agama is the Director-General. Others are: Frana Chukwuogor (Executive Commissioner, Legal and Enforcement), Mr. Bola Ajomale (Executive Commissioner, Operations), Mrs. Samiya Hassan Usman (Executive Commissioner, Corporate Services), Mr. Lekan Belo (Non-Executive Commissioner), and Mr. Kasimu Garba Kurfi (Non-Executive …

The Securities and Exchange Commission (SEC), on Tuesday, sealed the premises of Stockmatch Investments Limited in Maiduguri, Borno State, over allegations on illegal investment activities. In a statement, SEC said the move was part of its commitment to ensure that unregistered entities were not allowed to carry out capital market functions According to the commission, the office of the company …

The Securities and Exchange Commission (SEC) has expressed optimism that the Investment and Securities Bill (ISB) will be passed into law by President Muhammadu Buhari before 29th May. At a news conference held on the first quarter post-Capital Market Meeting on Thursday in Abuja, SEC Director-General, Mr Lamido Yuguda expressed the optimism that the President would sign the ISB before …