The Securities and Exchange Commission, Nigeria
14/07/2025
The attention of the Securities and Exchange Commission (The Commission) has been drawn to the activities of FORSMAN & BODENFORS LTD also known as F&B, which is paraded by its promoters as the Nigerian Branch of a Swedish advertising company bearing that name with obvious criminal intent. The promoters of this fraudulent Nigerian entity go about […]
20/06/2025
The attention of the Securities and Exchange Commission (the Commission) has been drawn to the activities of an online platform known as CMTRADING, which holds itself out as a cryptocurrency and commodities trading platform. The platform claims to be licenced as GCMT SOUTH AFRICA PTY LTD by the Financial Sector Conduct Authority (FSCA) of South Africa […]
19/06/2025
The attention of the Securities and Exchange Commission (the Commission) has been drawn to the activities of Sapphire Scents Limited which holds itself out as an Investment Adviser/Fund Manager promoting an unregistered investment scheme. The Commission hereby informs the public that Sapphire Scents Limited is NOT REGISTERED to operate in any capacity in the Nigerian […]
11/06/2025
The attention of the Securities and Exchange Commission (The Commission) has been drawn to media reports indicating that CBEX (Crypto Bridge Exchange), operating under the corporate identity of ST Technologies International Ltd, also known as Smart Treasure/Super Technology, has resumed operations across Nigeria. According to the reports, CBEX promoters are demanding $200 from their subscribers with […]
07/06/2025
The Securities and Exchange Commission (SEC) wishes to inform the public that the content hosted on the Enforcement Portal of the SEC website is currently being reviewed. In the interim, members of the public seeking information on the Portal, regarding enforcement actions against any Capital Market Operator (CMO), are advised to contact the Commission directly […]
05/06/2025
“PUNISHER COIN” The attention of the Securities and Exchange Commission (“The Commission”) has been drawn to several online publications advertising an unauthorized presale of Crypto coin termed “PUNISHER COIN” aka “$PUN”. The Commission hereby informs the public that the promoters or issuers of “PUNISHER COIN” aka “$PUN” are NOT REGISTERED to operate in any capacity in the Nigerian […]
29/05/2025
Notice of Extension: Technology Adoption Survey for Capital Market Operators (CMOs) This is to inform all registered Capital Market Operators (CMOs) that the deadline for participation in theTechnology Adoption Survey has been extended to 31st May 2025. Mandatory Participation: All registered CMO firms who have not completed the survey are to do so within this […]
17/04/2025
The attention of the Securities and Exchange Commission (“The Commission”) has been drawn to recent media reports/publications on the activities of CBEX (Crypto Bridge Exchange). CBEX, which also operates under the corporate identity of ST Technologies International Ltd, Smart Treasure/Super Technology, has held itself out as a digital asset trading platform, offering high returns to investors in […]
14/03/2025
PUBLIC NOTICE Notice Of Cancellation Of Registration Of Mainland Trust Limited The Securities and Exchange Commission (“the Commission”) hereby notifies the general public that the registration of Mainland Trust Limited as a capital market operator has been cancelled with immediate effect. This cancelation order is made pursuant to the powers of the Commission under Section […]
22/01/2025
SECURITIES AND EXCHANGE COMMISSION PLOT 272, SAMUEL ADESUJO ADEMULEGUN STREET, CENTRAL BUSINESS DISTRICT, P.M.B 315, GARKI-ABUJA, FCT TEL: +2342094621168-9 Email: [email protected] PUBLIC NOTICE! RELOCATION OF MONITORING AND ENFORCEMENT DEPARTMENTS The Commission wishes to inform the capital market community and the general public of the relocation of its Monitoring and Enforcement Departments from the Nigerian Capital […]
31/12/2024
The Securities and Exchange Commission hereby notifies all registered Fund/Portfolio Managers that further to the amendment to the Rules on Supervisory and Regulatory Fees approved in December 2024, the payment of Supervisory and Regulatory Fees would henceforth be made on a quarterly basis. The fees should be remitted on or before the last day of […]
17/12/2024
CIRCULAR TO ALL PUBLIC COMPANIES The Securities and Exchange Commission (“the Commission”) has observed that public companies file their periodic returns with the Commission and relevant securities exchanges, without simultaneously publishing same on their websites. This omission is a contravention of Rules 39 and 41 of the Commission’s Rules and Regulations. Public companies are hereby […]
25/11/2024
The Securities and Exchange Commission (SEC) hereby notifies the public that Marino FX Ltd who is parading itself as a SEC licensed cryptocurrency exchange is NOT registered or licensed by the SEC to operate in any capacity in the Nigerian capital market, including cryptocurrency exchanges. Any claim to the public by the company of its […]
09/08/2024
This is to inform you of a time change for the Second Capital Market Committee (CMC) Meeting for 2024, scheduled to take place on Wednesday, August 14th, 2024, at the Ballroom, Oriental Hotel, 3 Lekki-Epe Expressway, Victoria Island, Lagos. Please be advised that the meeting will now commence at 9:00 AM. Please note that attendance […]
06/08/2024
The Second Capital Market Committee (CMC) Meeting for 2024 is scheduled to hold on Wednesday, August 14th, 2024, at the Ballroom, Oriental Hotel, 3, Lekki-Epe Expressway, Victoria Island, Lagos. An interaction session with members of the press is planned for the following day, Thursday, August 15th, 2024, at the SEC Lagos Zonal Office, 3 Idejo […]
19/07/2024
The Second Capital Market Committee (CMC) Meeting for 2024 is scheduled to hold on Wednesday, August 14th, 2024, at the Lagos Continental Hotel, Victoria Island, Lagos. An interaction session with members of the press is planned for the following day, Thursday, August 15th, 2024, at the SEC Lagos Zonal Office, located at 3 Idejo Street, […]
05/07/2024
The Securities and Exchange Commission (“the Commission”) has become aware of several fraud attempts targeting the investing public and our online community. These scammers are impersonating the Director General of the Commission – Dr. Emomotimi Agama with the aim of luring unsuspecting members of the public into sharing personal information and making unauthorized payments. Please […]
02/07/2024
The Securities and Exchange Commission (“the Commission”) hereby announces the launch of the revamped e-Dividend Mandate Management System (e-DMMS) Portal. This initiative is another important step towards curbing the growth of unclaimed dividend and generally improving investor experience in the Nigerian Capital market. The revamped e-DMMS Portal introduces a “self-service interface” that allows investors apply […]
26/06/2024
The attention of the Securities and Exchange Commission (“the Commission”), has been drawn to the activities of Alpha Trust Investment Club, an entity that is believed to be facilitating investment to the public. The Commission hereby notifies the investing public that Alpha Trust Investment Club and the investment schemes it is promoting are not registered/authorized […]
14/06/2024
All Capital Market Operators (CMOs) are hereby directed to implement an Enterprise Risk Management (ERM) framework that conforms to international standards such as the Committee of Sponsoring Organizations of the Treadway Commission (COSO), the International Organization for Standardization (ISO 31000), Financial Action Task Force (FATF) Recommendations and any other internationally recognized risk management standards. Adoption […]
14/06/2024
The attention of the Securities and Exchange Commission, Nigeria (“SEC”) has been drawn to a meme coin known as “$Davido” allegedly linked to the popular Nigerian singer, David Adedeji Adeleke AKA Davido. Generally, meme coins are cryptocurrencies inspired by memes and internet jokes. They are often envisaged as a fun, light-hearted cryptocurrencies promoted through a […]
05/04/2024
In line with the new numbering format for fixed lines as announced by the Nigerian Communications Commission (NCC) and which takes effect from January 1, 2024, the general public is hereby notified that the contact numbers for the Securities & Exchange Commission have been amended in compliance with the NCC’s new numbering format for fixed […]
01/03/2024
The Nigerian Code of Corporate Governance (NCCG) 2018, issued by the Financial Reporting Council of Nigeria (FRC), provides for a 10-year period for the rotation of auditors to public companies. The code however did not provide a rotation period for audit firms in the case of Joint Auditors. Consequent to the above, the Financial Reporting […]
16/02/2024
The Securities and Exchange Commission (SEC) hereby announces the launch of the second Cohort (Cohort 002/24) of its Regulatory Incubation (RI) program. The portal for submitting applications is now open to receive applications from 05/02/2024 to 08/04/2024. For comprehensive guidance on how to apply for admission into the Regulatory Incubation Program, please visit the SEC Innovation […]
22/12/2023
This is to inform all Capital Market Operators (CMOs) and the general public that the annual renewal of Registration of CMOs for the year 2024 will commence from 1st January, 2024 to January 31, 2024. In line with the Commission’s Rules & Regulations, all CMOs are to complete the process of renewal of registration for […]
08/12/2023
IOSCO – Policy Recommendations for Crypto and Digital Asset Markets INTRODUCTION The IOSCO Board agreed to the establishment of a Board-level Fintech Task Force (FTF) at its meeting on 9 March 2022. The FTF currently has 27 members from Board member jurisdictions,1 and is chaired by the Singapore Monetary Authority (MAS). In accordance with its […]
10/08/2023
10th August, 2023 We wish to inform you of an adjustment to the originally planned schedule for the Capital Market Committee meeting. The meeting, which was initially scheduled for Wednesday, August 23rd, has been rescheduled to take place on Thursday, August 24th, 2023. Additionally, we would like to remind you that our regular interaction with […]
07/06/2023
The Director General has approved the 2023 Capital Market Committee (CMC) 2nd Webinar Meeting to hold on Wednesday, 23rd, August 2023. The usual interface with members of the press will hold the following day Thursday, 24th August 2023 through Webinar. Attendance to both events is strictly by invitation. All invited participants are expected to be […]
12/05/2023
The attention of the Securities and Exchange Commission (“the Commission”) has been drawn to several websites and blogs purportedly affiliated to the Commission. The referenced websites are fake and not in any way related to the Commission. For the avoidance of doubt, the Commission’s website is www.sec.gov.ng. The general public is therefore strongly advised to […]
29/03/2023
The Commission’s attention has been drawn to the recent reports in the media regarding Seplat Energy Plc (Seplat), a public company listed on the Nigerian Exchange Limited (NGX) and the London Stock Exchange (LSE). In line with its core mandate of investor protection, the Commission has sought and obtained explanations from Seplat through its Board of Directors and […]
18/01/2023
The attention of the general public is hereby drawn to the earlier advertisement published by the Securities and Exchange Commission in the Federal Tenders Journal, Daily Trust and Thisday Newspapers on Monday December 26, 2022 and Tuesday December 27, 2022 respectively, inviting members of the public for prequalification and Expression of Interest (EOI). PROJECT ID […]
22/12/2022
Institutional Capacity Development on Green Finance and Green Bonds for the Securities and Exchange Commission, Nigerian Exchange Group and Capital Market Operators SECTOR: NIGERIAN CAPITAL MARKET GRANT NO.: G-NG-H00-SUP-001: PROJECT ID NO.: P-NG-HZ0-007 The SECURITIES & EXCHANGE COMMISSION, NIGERIA (SEC) has received financing from the African Development Bank towards the cost of regulatory capacity improvements […]
12/12/2022
This is to inform all Capital Market Operators and the general public that the annual renewal of Registration for year 2023 will commence from January 01, 2023 to January 31, 2023. In line with the Commission’s Rules and Regulations, all CMOs are to complete the process of renewal of registration for 2023 on or before […]
27/09/2022
The Securities and Exchange Commission wishes to notify all Capital Market Operators (CMOs) and the general public that the Honourable Minister of Finance, Budget and National Development has approved an amendment to the Investment and Securities (Exemption of State Governments etc.) Order 2019. The Order, which was initially published in the Official Gazette of the […]
09/09/2022
Topic: Fintech and the Capital Market: Opportunities or Threats Financial technology, also known as FinTech, is the use of technology to enable efficient banking and financial services. These FinTech innovations have brought about fundamental changes to the way of conducting financial-related activities. On this note, the Financial Literacy Technical Committee (FLTC), a market-wide committee of […]
30/08/2022
Download Presentations 1. Emomotimi AGAMA_Rule on Crowdfunding – HOD 2. Eguarekhide Longe_SEC Roundtable – Accelerating Financial Inclusion Through Crowdfunding_Sept2022 (1) 3. Enogieru Osasenaga_Successful Crowdfunding campaigns, experiences and lessons from other jurisdictions.
18/07/2022
The 2022 second Capital Market Committee (CMC) Webinar Meeting has been scheduled to hold on Thursday, 18th August, 2022. The usual interface with members of the press will also hold through webinar on Friday, 19th August, 2022. Attendance at both events is strictly by invitation. All invited participants are expected to be seated by 9.45am. Thank you. SIGNED MANAGEMENT
11/04/2022
The Commission, pursuant to its powers under the Investment and Securities Act (ISA), 2007, and Rule 6 of the Amended Rules on Mergers, Takeovers and Acquisitions, by this circular, hereby notify all public companies involved in or intending to be involved in a merger, acquisition, or other forms of corporate restructuring that the applicable ’’processing […]
17/03/2022
The Securities and Exchange Commission (“SEC”), on March 14, 2022 shut the offices of the following companies: OXFORD INTERNATIONAL GROUP/OXFORD COMMERCIAL SERVICES FARMFORTE AGRO ALLIED SOLUTIONS LIMITED/AGROPARTNERSHIPS VEKTR CAPITAL INVESTMENT/VEKTR ENTERPRISE The Commission hereby notifies the investing public that none of these entities is registered by the SEC and the Investment Schemes promoted by […]
21/01/2022
Further to our earlier circular released on 16th December 2021 on the above subject, this is a reminder to all Capital Market Operators and relevant stakeholders that the 2022 Registration Renewal Exercise will end on 31st January 2022, and there will be no extension. The renewal portal can be accessed via eportal.sec.gov.ng Capital Market Operators […]
27/12/2021
The Commission hereby draws the attention of all registered Fund/Portfolio Managers to the SEC Rule on Annual Supervision Fees for Collective Investment Schemes (CIS) and Regulatory Fees for Discretionary and Non-Discretionary Funds/Portfolios issued on January, 21 2021 and the amendment thereto issued on December 20, 2021, which provides that: A Annual Supervisory fee for Collective Investments Schemes […]
25/12/2021
The attention of the Securities and Exchange Commission, Nigeria (“SEC”) has been drawn to the activities of an Illegal Operator (FINAFRICA INVESTMENT LIMITED). The Company claimed to be an Investment Company that engages in Business Development in Commercial sectors of the economy and uses the funds in entities under Chimark Group. The Commission hereby notifies […]
24/12/2021
The attention of the Securities and Exchange Commission, Nigeria (“SEC”) has been drawn to the electronic and WhatsApp messages being circulated to investors on behalf of Poyoyo Investment (PILVEST) Nigeria Limited. The electronic message indicates a proposal to investors to invest in guaranteed investments with the following types of investment plans: Option A which is […]
16/12/2021
This is to inform all Capital Market Operators (CMOs) and the general public that the annual renewal of Registration of CMOs for the year 2022 will commence from 1st January, 2022. In line with the Commission’s Rules & Regulations, all CMOs are to complete the process of renewal of registration for 2022 on or before […]
16/08/2021
NIGERIA RISK-BASED SUPERVISION FRAMEWORK IMPLEMENTATION PROJECT SECTOR: NIGERIAN CAPITAL MARKET GRANT NO.: G-NG-H00-SUP-001: PROJECT ID NO.: P-NG-HZ0-007 The SECURITIES & EXCHANGE COMMISSION, NIGERIA (SEC) has received financing from the African Development Bank towards the cost of regulatory capacity improvements under the RISK-BASED SUPERVISION FRAMEWORK AND CAPCITY BUILDING PROJECT, and intends to apply part of the […]
13/08/2021
The Securities and Exchange Commission (“the Commission”) refers to its previous Circulars and e-mail dated 28th June 2021 on the renewal of registration of Capital Market Operators. Capital Market Operators are hereby informed that the Commission has re-opened its renewal portal (www.eportal.sec.gov.ng) to enable Operators that have not renewed their registration for 2021 to do […]
27/07/2021
Major Amendment Proposed Amendment to Part E- Rules on Securities Exchanges. View all amendments here All comments and input should be forwarded by e-mail to the Secretariat, Rules Committee of the Commission, at [email protected] or by letter addressed to the Director-General, SEC, not later than two (2) weeks from date of publication.
19/07/2021
Pursuant to the powers conferred on the Securities and Exchange Commission (the Commission) by the Investments and Securities Act 2007, and the Rules and Regulations made pursuant thereto, the Commission on Thursday, July 15, 2021, entered into a Settlement with Oando Plc (the Company). The Commission in its letter to the Company dated May 31, […]
29/06/2021
Introduction The Nigerian capital market has witnessed remarkable growth in the last few years in terms of size, market participants and tradable instruments. This has impacted the market structure in terms of composition and interconnectedness. In the secondary market particularly, there are currently multiple trading platforms and Financial Market Infrastructures (FMIs) which provide comparative services […]
22/06/2021
The attention of the Securities and Exchange Commission (“the Commission”) has been drawn to a publication in one of the National Daily Newspapers, in which a victim of an alleged scam perpetrated by MBA Capital and Trading Limited, Misan Sagay reportedly stated that he had verified “on-line” and ascertained that the company was registered with […]
16/06/2021
Mr. Lamido Yuguda, the Director General of the Securities and Exchange Commission, Nigeria took over the mantle of leadership of the West African Securities Regulators Association (WASRA) as Chairman, on Monday, 14th June, 2021. Mr. Yuguda will lead the body of West African securities regulators for a two-year period having succeeded Reverend Daniel Ogbarmey Tetteh, […]
11/06/2021
This is to inform all existing investment crowdfunding portals/digital commodities investment platforms operating in Nigeria that the deadline for registration is 30th June 2021. Failure to comply with this deadline will mean that the operations of such platforms will be categorized as illegal and attract regulatory sanction as stipulated in the Rules (which came into […]
31/05/2021
The attention of the Commission was drawn to the proposed launch of a Crowdyvest Halal Fund by Crowdyvest an unregistered entity purporting to operate as a corporative society. The Commission has since issued a Cease and Desist Order to Crowdyvest to stop the launch and operations of the Crowdyvest Halal Fund and any other investment […]
26/05/2021
This is to inform all stakeholders that as part of efforts to ensure investor protection while encouraging innovation in the conduct of securities business, the rules governing Crowdfunding business in Nigeria came into effect on the 21st day of January, 2021. In line with the transitional provisions of the Rules, all persons/entities operating an investment […]
10/05/2021
The Securities and Exchange Commission (SEC) wishes to inform all registered Capital Market Operators (CMOs) that in line with the requirements for renewal of registration, all CMOs are required to complete the renewal process on or before April 30, 2021. Consequently, all CMOs are expected to note the following; 1. Late filing for renewal of […]
30/04/2021
The attention of the Securities and Exchange Commission (“the Commission”) has been drawn to several websites and blogs purportedly affiliated to the Commission which are said to be advertising on-going “recruitment exercise” by the Commission. The Commission wishes to inform the general public that the referenced websites and blogs are fake and that no such […]
30/04/2021
The attention of the Securities and Exchange Commission (“The Commission”) has been drawn to publications in various media on the judgments against the Commission concerning its regulatory action on Oando Plc and several of its officers for severe breaches of capital market regulations, some of which are under criminal investigations. It is therefore important that […]
07/04/2021
The 2021 First Capital Market Committee (CMC) Webinar Meeting has been scheduled to hold on Thursday, 15th April, 2021. The usual interface with members of the press will also hold through webinar the following day being Friday, 16th April, 2021. Attendance at both events is strictly by invitation. All invited participants are expected to be […]
26/03/2021
The Securities and Exchange Commission (SEC) wishes to inform the general public that it has filed a Motion for Injunction/Stay of Execution of the judgment and Order of the FCT High Court in Suit No: FCT/HC/BW/CV/347/2020, ENGINEER PATRICK AJUDUA Vs SECURITIES and EXCHANGE COMMISSION & OANDO PLC. Consequently, to avoid being in contempt of court, […]
23/03/2021
The Securities and Exchange Commission (SEC) hereby notifies the general public and Capital Market Operators (CMOs) in particular, of the reintroduction of the periodic renewal of registration by Capital Market Operators. The reintroduction of renewal of registration is premised on the need: to have a reliable data bank of all CMOs registered and active […]
08/03/2021
The global corporate scandals that occurred in 2001 were linked to weaknesses in financial reporting and accounting practices. In response, several jurisdictions enacted legislations to enhance transparency and uphold the intergrity of financial markets. As part of the efforts to reform corporate financial reporting in Nigeria, the Federal Government of Nigeria passed the amended Investments […]
05/03/2021
The Commission will hold its 5th Budget Seminar Series with the theme, “Financing Nigeria’s Budget and Infrastructure Deficits through the Capital Market” on Thursday, 11th March, 2021 in a Webinar at 10:00 am. The focus of this year’s edition of the Seminar is to discuss how the capital market can aid the flow of private capital to address Nigeria’s […]
24/02/2021
The attention of the Securities and Exchange Commission (the Commission) has been drawn to several publications in the media, where it is reported that a shareholder of OandoPlc, purportedly obtained a judgment from the Federal Capital Territory High Court against the Commission. The Commission wishes to inform the general public that it was never at […]
17/02/2021
The 2021 First Capital Market Committee (CMC) Webinar Meeting has been scheduled to hold on Thursday, 15th April, 2021. The usual interface with members of the press will also hold through webinar the following day being Friday, 16th April, 2021. Attendance at both events is strictly by invitation. All invited participants are expected to be […]
11/02/2021
The Securities and Exchange Commission (SEC) has received several comments and inquiries from the public on a perceived policy conflict between the SEC Statement on Digital Assets and their Classification and Treatment of September 11, 2020 and the Central Bank of Nigeria (CBN) Circular of February 5, 2021. We see no such contradictions or inconsistencies. […]
18/12/2020
The Federal Ministry of Health and the Nigeria Centre for Disease Control (NCDC) has warned that the country is on the verge of a second wave of the COVID-19 pandemic. In light of the rising number of new cases, the Commission wishes to provide the following guidance: All stakeholders in the Nigerian capital market are […]
18/12/2020
The attention of the Securities and Exchange Commission (the Commission) has been drawn to the illegal fund management operation conducted by FAMZHI INTERBIZ LIMITED. The Commission wishes to inform the public that FAMZHI INTERBIZ LIMITED is not registered to operate in the Nigerian Capital Market. The company had applied to the Commission for registration to […]
03/12/2020
Rule 56 (1&2) (c) of the Rules and Regulations of the Securities and Exchange Commission provides that: “Registered brokers/dealers shall disclose to the Commission any dealings in a Security valued at a minimum of 500,000 units executed in a single deal or in multiple deals on the same day on behalf of his clients or […]
22/10/2020
Pursuant to the provisions of Section 169(2)&(3) and Section 181(1)(f),(g)&(h) of the Investment and Securities Act 2007, and the importance of disseminating timely information to the market, the Commission shall henceforth discontinue the practice of issuing prior approval or no objection for Audited Accounts of Collective Investment Schemes. Consequently, annual accounts of Collective Investment Schemes […]
22/10/2020
In line with Section 38(2) of the Investments and Securities Act 2007 which empowers the Securities and Exchange Commission (“the Commission”) to prescribe conditions for registration of capital market operators, including the level of knowledge and skill required to operate in the Nigerian capital market, the Management of the Commission has approved the following: Managing […]
16/10/2020
Securities and Exchange Commission of Nigeria and FSD Africa are inviting qualified individuals to submit their Expressions of Interest for the role of a Technical Resident Advisor to oversee the development and implementation of an Information Communication and Technology (ICT) Transformation strategy at SEC Nigeria (the “Services”). The consultant will be based at SEC Nigeria […]
14/10/2020
Nigeria, represented by the Securities and Exchange Commission and other stakeholders, will, in the month of October 2020, join the rest of the world to commemorate the fourth annual World Investor Week (WIW) under the auspices of the International Organisation of Securities Commissions (IOSCO). The WIW is a week-long event aimed at raising awareness […]
10/10/2020
Click here to download the template for reporting compliance ( SEC FORM 01) GOVERNANCE GUIDELINES The Financial Reporting Council of Nigeria issued the Nigerian Code of Corporate Governance (NCCG) in 2018, which replaces all existing sectorial Codes of Corporate Governance in Nigeria. The Securities and Exchange Commission subsequently developed the SEC Corporate Governance Guidelines (SCGG). […]
22/09/2020
In response to the eruption of corporate scandals in 2001 involving financial reporting and accounting practices, several jurisdictions enacted legislations to enhance transparency and uphold the intergrity of financial markets. As part of the efforts to reform corporate financial reporting in Nigeria, the Federal Government of Nigeria passed the amended Investments and Securities Act (ISA), […]
14/09/2020
INTRODUCTION Digital assets offerings provide alternative investment opportunities for the investing public; it is therefore essential to ensure that these offerings operate in a manner that is consistent with investor protection, the interest of the public, market integrity and transparency. The general objective of regulation is not to hinder technology or stifle innovation, but to create standards that encourage ethical practices […]
10/08/2020
The 2020 First Capital Market Committee (CMC) Webinar Meeting has been scheduled to hold on Thursday, 20th August, 2020. The usual interface with members of the press will hold the following day being Friday, 21st August 2020. Attendance at both events is strictly by invitation. All invited participants are expected to join by […]
26/06/2020
The attention of the Commission has been drawn to the activities of iBSmartify Nigeria the promoters of a Blockchain known as iBledger (iBcashcryptocurrency) and InksNation. The general public is hereby advised that neither the promoters of iBSmartify Nigeria nor the illegal products they offer are registered or regulated by the Commission. In view of the […]
22/06/2020
Sequel to the publication of new Rules relating Collective Investment Schemes in December 2019, the Commission hereby issues the following clarifications to facilitate effective compliance with the new CIS Rules. All Fund Managers of Collective Investment Schemes are required to comply with the provisions of the new Rules and file evidence of compliance on or […]
18/06/2020
This is to inform all stakeholders that as part of efforts to ensure investor protection and promote transparency in the operations of the Nigerian Capital Market, the Commission has introduced a new requirement for inclusion in all prospectuses or offer documents issued to the general public. With effect from the 18th day of June 2020, […]
14/06/2020
The Securities and Exchange Commission’s (the Commission) attention has been drawn to a publication in the media on sunday June 14, 2020, wherein the Acting Director General, Ms. Mary Uduk is purported to have resigned from the Commission and a send forth party slated for Monday June 15, 2020. The Commission wishes to inform the […]
11/05/2020
Following the Federal Government’s partial easing of the lockdown measures introduced to minimize the spread of Covid-19 across Nigeria, it has become necessary to provide this update to stakeholders within the Capital Market. The Commission, in compliance with the various guidelines issued by relevant authorities has re-opened its head-office in Abuja. Our office is open […]
15/04/2020
In order to achieve the objective of fostering Capital Market integration in West Africa as embedded in the WASRA Charter, the Executive Council of WASRA in collaboration with the West African Capital Market Integration Council (WACMIC) has prescribed Guidelines for the cross-border issuance of Fixed Income Securities by statutory bodies in WASRA member countries. Download […]
13/04/2020
The Securities and Exchange Commission’s (the Commission) attention has been drawn to some messages and a video being circulated in the social media, wherein the Commission is alleged to have carried out a recruitment excercise where 811 persons were employed, all from Anambra State with 1 from Kano State. The messages parades the person shown […]
06/04/2020
The Commission has identified a number of challenges associated with identity management in the Nigerian Capital Market. As part of its efforts to address these challenges, the Commission has developed a standardized Investor’s Data and Consent Form to be adopted by all CMOs in collecting and updating investors’ data. The Form will also enable CMOs […]
31/03/2020
In light of the global pandemic of the Coronavirus Disease (COVID-19) and in furtherance to the Commission’s circular of March 24, 2020, the Commission wishes to provide additional guidance to the Capital Market as follows: Issuers All public companies are required to continue to make material disclosures to investors on the impact of COVID-19 Pandemic […]
26/03/2020
March 03, 2020 The Securities and Exchange Commission wishes to clarify the application of Rule 602 (4) of its Rules and Regulations. Rule 602(4) states that ‘’public companies shall not distribute gifts to shareholders, observers and any other person at Annual General Meetings/Extra-Ordinary General Meetings’’ The Commission considers it necessary to clarify that ‘’light refreshment’’ […]
26/03/2020
MARCH 11, 2020 The Securities and Exchange Commission wish to draw the attention of the investing public to the activities of unlawful/unlicensed market operators and promoters of other fraudulent schemes. The Commission, in recent time, has observed the proliferation of the operation of unlawful/unlicensed investment schemes, with promises of huge, but unjustifiable returns on investment. […]
24/03/2020
The spread of the Corona Virus (COVID-19) worldwide has created a degree of uncertainty and anxiety, as governments and health experts attempt to curtail the proliferation of the virus. The World Health Organization (WHO) had warned that given Africa’s fragile health systems, the threat posed by COVID-19 in the continent is considerable. This has led […]
18/03/2020
This is to notify the Capital Market Stakeholders that the 2020 CMC meetings have been scheduled to hold as tabulated below. Schedule Meeting Dates First CMC April 23rd, 2020 Second CMC July 23rd, 2020 Third CMC November 19th, 2020 This is to enable adequate planning and logistics before the meeting dates and to ensure […]
14/03/2020
The Securities and Exchange Commission in collaboration with the Implementation Committee on the Commodities Trading Ecosystem Roadmap, invites you to the inaugural International Conference on the Nigerian Commodities Market with the theme: Commodities Trading Ecosystem: Key to diversifying the Nigerian Economy. Dates: March 16-17, 2020 Venue: Congress Hall, Transcorp Hilton Hotel, Abuja For more information, […]
13/03/2020
The Securities and Exchange Commission (the Commission) in furtherance of its investor protection and market development mandate has over the years, and in collaboration with other market stakeholders, worked actively to –amongst others – ensure accountability, transparency and stability in the capital market. In line with the foregoing, the Commission desires to forestall, reduce and […]
09/03/2020
The attention of the Securities and Exchange Commission (the Commission) has been drawn to the public notice by the Italian securities regulator, Commissione Nazionale per le Società e la Borsa (CONSOB) on six (6) online forex brokers who engage in “unlawful” and “misleading” Forex and other retail products marketing practices and financial services. The online brokers and […]
07/02/2020
The Commission will hold its 4th Budget Seminar Series with the theme, “Leveraging the 2020 Budget and Finance Act for the Growth of the Nigerian Capital Market” on Thursday, 13th February, 2020 at the Grand Ball Room, Eko Hotels and Suites, Plot 1415, Adetokunbo Ademola Street, Victoria Island, Lagos at 10:00 am. The Seminar […]
29/01/2020
The Commission hereby issues the under listed guidelines to facilitate effective compliance with SEC Rules 57 & 58 on Net Capital. Every broker-dealer shall on monthly basis compute and file with the Commission and the Nigerian Stock Exchange (NSE) its net liquid capital position not later than five (5) days after end of the month; […]
01/01/2020
Happy new year to you all. On behalf of the Board, Management and Staff of the Securities and Exchange Commission Nigeria, I would like to sincerely thank all Capital Market Operators and Stakeholders, for your immense efforts and contribution towards developing the Nigerian Capital market. The year 2019 saw us record tremendous results in a number of initiatives largely derived […]
30/12/2019
The Securities and Exchange Commission wishes to inform all Capital Market Operators (CMOs) that in line with Section 313 of the Investments & Securities Act 2007, Rule 27 (Fidelity Bond) has been amended with the creation of Rule 27A which, requires Dealing Members to maintain an Insurance policy to cover all aspects of the insured […]
02/11/2019
The 2019 Third Capital Market Committee (CMC) Meeting has been scheduled to hold on Thursday, 21stNovember, 2019 at the Harbour Point, 4 Wilmot Point Road, Off Ahmadu Bello Way, Victoria Island, Lagos.The usual interface with members of the press will hold the following day being Friday, 22nd November, 2019 at the SEC Lagos Zonal Office, 3, Idejo Street, Victoria Island, Lagos. Attendance to both events is strictly by invitation. Invited participants are expected […]
13/09/2019
IOSCO/MR/22/2019 Madrid, 14 August 2019 IOSCO to launch 2019 World Investor Week to promote investor education The International Organization of Securities Commissions (IOSCO) is preparing to launch its third annual World Investor Week (WIW) from 30 September to 6 October 2019, after its successful organization in 2017 and 2018. WIW is a week-long, global campaign, […]
13/09/2019
You may wish to recall that Capital Market Professionals with a minimum of 15 years relevant post-qualification experience with not more than 2 years interruption, who have attained their heights were approved to be exempted from the Pre-Registration workshop/examination subject to the attendance of a mandatory Executive course. Further to the earlier circular on the […]
11/09/2019
The Securities and Exchange Commission (“The Commission”) wishes to inform shareholders of the defunct Afribank Plc that unclaimed dividends by the bank are being held in trust on their behalf. Investors that have unclaimed dividends are therefore advised to contact Carnation Registrars to process their dividends for payment. The Commission has also directed Carnation Registrars […]
04/09/2019
“The West Africa Securities Regulators Association (WASRA) and West African Capital Market Integration Council (WACMIC) invites you to the inaugural West Africa Capital Market Conference (WACMaC) with the theme – Positioning West Africa Capital Markets to Achieve Sustainable and Real Economic Growth Through Integration and Sound Regulation. Dates: October 27th – 29th, 2019 Venue: Sofitel […]
28/08/2019
At the 2nd Capital Market Committee Meeting of the year, which took place on Thursday, August 22, 2019, the Report of the FinTech Roadmap Committee of the Nigerian Capital Market was presented to and accepted by the Capital Market community. The Report highlights the current application of FinTech in the market, opportunities, challenges and recommendations. […]
15/08/2019
The Second Capital Market Committee (CMC) Meeting in 2019 has been scheduled to hold on Thursday, 22nd August, 2019 at the Grand Ballroom, Eko Hotels & Suites, 1415, Adetokunbo Ademola Street, Victoria Island, Lagos. The usual interface with members of the Press will hold the following day being Friday, 23rd August, 2019 at the SEC […]
29/07/2019
The Securities and Exchange Commission has continued verifying claims of 4,160 unpaid investors of the illegal investment scheme organised by Dantata Success and Profitable Company. The verification exercise commenced on Monday July 15th and is expected to last till Tuesday July 30, 2019, with 4,160 investors undergoing verification. The investors are required to go along […]
25/07/2019
The Commission will hold its Registration Interview Meeting for: Companies seeking fresh Registration into the Nigerian capital market. Additional sponsored individual (s) for existing companies. Existing companies seeking registration of additional function(s) Venue: SEC Zonal Office, No 3 Idejo street, Opposite Icon House, Off Adeola Odeku Street, Victoria Island. Lagos. Date(s): August 6 – 9, […]
18/07/2019
Warehouses and storage infrastructure are necessary for the commodity sector and commodities futures trading. These storage facilities are critical to the entire agro commodities value chain for reduction in post harvest losses, quality maintenance, year-round supply of commodity raw materials to end-users are an important building block for transparent transactions in commodity contracts. Warehousing forms […]
27/06/2019
The new SEC board – Olufemi Lijadu, Chairman, non-exec Commissioners Lamido Yuguda & Rekiya Ladi. Okokon Ekanem Udo- Rep Min of Finance, Angela Adewumi Sere-Ejembi- Rep CBN. Acting DG Mary Uduk, Acting Exec Commissioners Henry Rowlands, Isyaku Tilde & Reginald Karawusa
10/06/2019
The general public is hereby notified that the Commission commenced the Cross-Reference Checklist Review of Bond/fixed income applications with effect from June 1, 2019. Consequently, a duly filled Cross-Reference Checklist is required to be filed along with the relevant applications. The Cross-Reference Checklist Review is intended run for six (6) months and is a precursor […]
09/06/2019
June 7, 2019 The attention of the SEC has been drawn to various reports questioning the regulatory authority of the SEC, and insinuating lack of due process in the investigations of Oando Plc. To put the records straight, the SEC hereby states as follows: 1. Fair hearing is a paramount and fundamental principle, which the […]
31/05/2019
Following the receipt of two petitions by the Commission in 2017, investigations were conducted into the activities of Oando Plc (a company listed on the Nigerian and Johannesburg Stock Exchanges). Certain infractions of Securities and other relevant laws were observed. The Commission further engaged Deloitte & Touche to conduct a Forensic Audit of the activities […]
23/05/2019
Lagos, May 23, 2019. The Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (“The Exchange” or “NSE”) have moved to make the processes involving listing on the NSE more efficient and cost effective by streamlining the approval process between the SEC and the NSE. The streamlined process which will come into effect on […]
18/03/2019
Following information received by the Securities and Exchange Commission (the Commission) from a member of the public, surveillance was conducted on the activities of Growing Circle International (“G-Circle) whose head office is No 6 Mojidi Street, off Toyin Street, Ikeja Lagos. The Commission’s investigation revealed that G-Circle was operating a pyramid scheme and soliciting funds […]
12/03/2019
The Securities and Exchange Commission hereby informs stakeholders of the following event EVENT: CAPITAL MARKET COMMITTEE MEETING (CMC) DATE: Thursday March 21, 2019 VENUE: Orchid Hall, Eko Hotels and Suites, Victoria Island, Lagos TIME: 10.00am Please note that attendance is strictly on invitation and members are implored to come with their CMC ID Card
12/03/2019
The Securities and Exchange Commission hereby informs stakeholders and the general public of the following event DATE: Tuesday March 19, 2019 VENUE: Grand Ball Room, Eko Hotels and Suites, Victoria Island, Lagos TIME: 10.00am
08/02/2019
On Tuesday, February 5, 2019, President Muhammadu Buhari signed the Federal Competition and Consumer Protection Act into law. The Law which seeks to, among other things, provide for the establishment of the Federal Competition and Consumer Protection Commission and the Competition and Consumer Protection Tribunal, also repeals the sections 118, 119, 120, 121 (excluding S. […]
21/01/2019
CLICK HERE TO PAY FEES N.B. Please select WORKSHOP/TRAINING FEES under “service name” and input the course title under “Description“ Contact information 14 Yawuri Street, Garki, Abuja. +234 (09) 6724118 [email protected] COURSE TITLE Feb Mar April May June July August Sept Oct Nov 1 1ST Pre- registration Workshop for CMOs, Lagos 27-30 mar (5days) 130,000.00 […]
03/12/2018
ABUJA: 03/12/18:The Securities and Exchange Commission of Nigeria (“SEC”) officially launched the Green Bonds Issuance Rules at a ceremony yesterday. Following a series of engagements with stakeholders and Capital Market Operators, the SEC rolled out its rules on Green Bonds on October 12, 2018. The SEC has collaborated on several occasions with the Green […]
19/10/2018
The Third Capital Market Committee (CMC) Meeting in 2018 has been scheduled to hold on Wednesday, 14th November, 2018 at the Federal Palace Hotel, Victoria Island, Lagos. The usual interface with members of the press will hold the following day being Thursday, 15th November, 2018 at the SEC Lagos Zonal Office, 3, Idejo Street, Victoria Island, Lagos. Attendance to both […]
19/10/2018
SUMMARY OF CHANGES New rule (1) Rules on Green Bonds Sundry Amendments (1) Inclusion of BVN as a valid means of identification of individual clients in the Capital Market (2) Rule on Investment Advisory Services (3) Amendment to Rule 61- Nominee Accounts (4) Amendment to Rule 96 & 97- Investment Advisers GREEN BONDS 1.0 […]
12/10/2018
Programme aims to unlock capital and build investor confidence through improved regulations and compliance with international standards Lagos, September 28th 2018: The Securities and Exchange Commission, Nigeria (SEC Nigeria) has become the first capital market regulator to participate in a flagship pan-African programme designed to strengthen the continent’s capital markets. Over a three-year […]
04/09/2018
The Securities and Exchange Commission is organizing a training programme for Capital Market Operators and Compliance Officers: Date: September 12 and 13, 2018 Venue: SEC Lagos Zonal Office, 3, Idejo Street, Victoria Island, Lagos Time: 9am daily Course fee: N50,000 The training would cover topics such as Overview of the Financial System, Responsibilities […]
18/07/2018
The general public and relevant stakeholders are hereby notified that the 2ndCapital Market Stakeholders’ Forum being anchored by the National Assembly Committee on Capital Market, the Securities & Exchange Commission and other Stakeholders earlier scheduled to take place on Tuesday, 17, 2018 has been postponed to Monday, July, 23, 2018. The venue and time remain […]
26/06/2018
The 2018 Second Capital Market Committee (CMC) Meeting has been scheduled to hold on Thursday, 9th August, 2018 at the Federal Palace Hotel, Victoria Island Lagos. The usual interface with members of the press will hold the following day being Friday, 10th August, 2018 at the SEC lagos Zonal Office, 3, Idejo Street, Victoria Island, […]
01/06/2018
The general public is hereby once again advised to beware of illegal operators and promoters of ponzi and other fraudulent schemes. Furthermore, the general public is advised to exercise utmost caution and conduct adequate due diligence, e.g. seeking professional advice and checking the Commission’s website to confirm the registration status of company/individuals marketing any products […]
12/04/2018
Shares of Oando Nigeria Plc were placed on technical suspension in October 2017 upon the announcement of forensic audit which aimed to protect investors as a short term measure. Suspensions are typically intended for short periods to ensure market stability and thereafter lifted to allow market dictates. However, the suspension of the shares of Oando Nigeria […]
26/02/2018
The Board of the International Organisation of Securities Commissions (IOSCO), met for a two day meeting at its headquarters in Madrid, Spain, where it resolved to focus its searchlights on cryptocurrencies, bitcoins and other forms of electronic currencies. This was in view of their novelty, the risks involved in trading in such assets and more […]
29/01/2018
The West African Securities Regulators Association (WASRA) held its fourth Executive Council meeting on Tuesday, 23rd January 2018 in Rabat, Morocco on the sidelines of the fortieth Annual meeting and conference of the African Middle East Regional Committee(AMERC) of the International Organisation of Securities Commissions (IOSCO). The meeting which was in continuation of efforts towards […]
20/01/2018
The SEC, in reviewing the progress of the e-Dividend Registration exercise, after the December 31, 2017 deadline, it was noted that there was still a great influx of shareholders desirous of mandating their Bank Accounts for payment of dividends electronically. In light of the foregoing, the SEC, as part of its developmental role, has extended […]
05/12/2017
The Securities and Exchange Commission has reiterated its decision to conduct a Forensic Exercise into the activities of Oando Plc. This commitment is contained in a letter dated December 5, 2017 addressed to Oando Plc. The Commission wishes to assure the general public of its zero tolerance to infractions in the Nigerian Capital Market. […]
26/09/2017
SEC ADMINISTRATIVE PROCEEDINGS COMMITTEE DECISION IN RESPECT OF PARTNERSHIP INVESTMENT COMPANY PLC AND OTHERS. In the matter of the Investments and Securities Act, 2007, before the Administrative Proceedings Committee of the Securities and Exchange Commission In Re: Violation of SEC Rules on separation of clients’ funds from company’s funds Unauthorized sale of clients’ shares Failure/Refusal […]
27/07/2017
CONSOLIDATED GRID FOR RENDITION OF VARIOUS ANTI-MONEY LAUNDERING AND COUNTERING THE FINANCING OF TERRORISM (AML/CFT) RETURNS BY CAPITAL MARKET OPERATORS (CMOs) TO THE SECURITIES AND EXCHANGE COMMISSION (SEC) AND THE NIGERIAN FINANCIAL INTELLIGENCE UNIT (NFIU) Please be notified that the Commission has approved and uploaded reporting templates required for rendition of other categories of AML/CFT […]
15/07/2017
The Securities and Exchange Commission (SEC) Nigeria wishes to inform all Capital Market Operators (CMOs), Experts and Professionals operating in the Nigerian capital market that in compliance with the provisions of the ISA 2007 and the SEC Rules and Regulations, they are expected to possess the required number of Sponsored Individuals and a Compliance Officer […]
13/04/2017
The Securities and Exchange Commission (SEC) is pleased to notify the investing public that, as part of measures to curb the growth of unclaimed dividend in the Nigerian capital market, all investors are required to register for the payment of their dividends electronically (e-Dividend). To facilitate the e-Dividend registration exercise, the SEC has provided a […]
20/02/2017
The attention of the Securities and Exchange Commission, Nigeria (“SEC”) has been drawn to the activities of an Illegal Operator (Tine God Networks Limited). The Company claimed to be an Investment Company that engages in Business Development in Commercial sectors of the economy and also issues bonds to raise funds for its investment activities. The […]
24/12/2016
THE SECURITIES AND EXCHANGE COMMISSION (“SEC”) SUSPENDS HERITAGE CAPITAL MARKETS LTD The Securities and Exchange Commission (“SEC”) on Wednesday December 21, 2016 suspended Heritage Capital Markets Ltd together with its Directors and Sponsored Individuals in connection with the unauthorized sale of shares belonging to an investor and its refusal to comply with the Commission’s directives […]
05/12/2016
The Securities and Exchange Commission (SEC) Nigeria has on December 3, 2016 signed a Memorandum of Understanding (MOU) with its Moroccan counterpart, Autorite Marocaine Du Marche Des Capitaux (AMMC). The MoU, which was signed on the sidelines of the Nigerian- Moroccan bilateral talks marked with the visit of His Majesty, King Mohammed VI of Morocco, […]
31/10/2016
The Federal High Court sitting in Lagos has delivered its judgments on the three cases filed against the Commission by BGL Plc, its sponsored individuals and subsidiaries. The cases BGL had brought before the Lagos High Court against the Commission are: I. FHC/L/CS/767/2015 BGL PLC & 4 ORS VS SECURITIES AND EXCHANGE COMMISSION II. FHC/L/CS/1050/2015 […]
30/08/2016
The attention of the Securities and Exchange Commission, Nigeria (“SEC”) has been drawn to the activities of an online investment scheme tagged ‘MMM Federal Republic of Nigeria (nigeria.mmm.net). The platform has embarked on an aggressive online media campaign to lure the investing public to participate in what it called “mutual aid financial network” with a […]
30/08/2016
The attention of the Securities & Exchange Commission has been drawn to the activities of Mrs. Oge C. Ottiwu of No. 118 Zink Avenue, Opposite Eke Market, Awka, Anambra State, who engages in capital market activities without registration within Anambra State and its environs. Section 38(1) of the Investments and Securities Act, 2007 requires any […]
04/08/2016
The Securities and Exchange Commission (SEC) is pleased to notify the investing public that dividend warrants can now be deposited into savings accounts. This follows the directive from the Central Bank of Nigeria (CBN) via Circular referenced BPS/DIR/GEN/CIR/03/005 dated 28th July, 2016 instructing banks to allow customers with BVN to deposit cheques into their savings […]
26/05/2016
SUMMARY OF THE APC/1/2016: AFOLABI GABRIEL OLUWASEYI & 9 OTHERS Vs. BGL SECURITIES LIMITED & 22 OTHERS The Commission received several complaints against the 1st and 2nd Respondent over failure, refusal and/or neglect to liquidate their investments in both the Guaranteed Consolidated Notes (GCN) and Guaranteed Premium Notes (GPN). Upon investigation of the complains it […]
09/05/2016
This is to clear the misconception in the media of the pronouncement made by the DG of SEC regarding the grace period of December 31, 2016 given to non-capitalized CMOs. The general public is to note that the deadline for recapitalization has not been extended. However, the Commission will commence the process of cancellation of […]
19/01/2016
The aspiration for issuing Nigeria’s first sovereign sukuk received a huge boost yesterday as the Securities and Exchange Commission (SEC) and the Debt Management Office (DMO) committed to strengthen collaboration towards realizing that goal. This was the major outcome of the visit to the DMO by the SEC Director General, Mr. Mounir Gwarzo. It would […]
16/01/2016
The Director General, Securities and Exchange Commission on The advantages of the E Dividend Mandate Management System (E-DMMS) Director General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo has described the e-Dividend platform as a game changer in the Nigerian Capital Market which will ensure that infractions are reduced to the barest minimum. […]
16/01/2016
The e-Dividend registration enlightenment campaign culminated at a town hall meeting on Thursday January 14, 2016. The concluding event was held at the International Conference Center, Abuja. View photos below:
11/01/2016
The Securities and Exchange Commission (SEC) has commenced on a four day robust enlightenment programme on e-Dividend registration. The event which started on Monday January 11, 2016 in Abuja with a road show will continue on Tuesday 12, Wednesday 13 and culminate finally in a town hall meeting on Thursday January 14, 2016 at the […]
05/01/2016
PUBLIC NOTICE The Securities and Exchange Commission (SEC) wishes to inform the investing public that Mr. Tajudeen Folaji, a former stockbroker with First Alstate Securities Limited, has been sentenced to seven years imprisonment by the Lagos State High Court presided over by Justice Kudirat Jose. The court found him guilty of unauthorized sale of shares […]
21/12/2015
ANNOUNCEMENT REVOCATION OF REGISTRATION OF CAPITAL MARKET OPERATORS The Securities and Exchange Commission is empowered under section 30 (1) and (2) of the Investment and Securities Act (ISA) 2007 to revoke the operational license of capital market operators that are inactive. Consequent upon the above, the general public is hereby notified that the […]
15/12/2015
Vice President Osinbajo pledges support for Capital Market Reforms as SEC Director General Presents the 10-year Capital Market Masterplan SEC DG, Mr. Mounir Gwarzo led the Executive Management Team on a courtesy call on Vice President Yemi Osinbajo at the Presidential Villa in Abuja. During the meeting, […]
15/12/2015
SEC AND DMO MOVE TO PLEDGE CLOSER COLLABORATION TO BOOST DOMESTIC BOND AND SUKUK MARKET The Securities and Exchange Commission (SEC) and the Debt Management Office (DMO) have agreed to work in synergy for the growth and development of Nigeria’s financial system, particularly, the domestic bond market. This follows a courtesy call on the […]
23/10/2015
The Executive Management and staff of the Securities and Exchange Commission (SEC) note with grief the sad demise of Chief Dennis Onyemaechi Odife who passed on in Abuja on Friday 2nd October, 2015 aged 68. One of the most iconic figures in the history of Nigeria’s capital market, Chief Odife can rightly be credited as the […]
19/10/2015
Regional Roundtable on Non- interest Capital Market (Islamic Capital Market) The Securities and Exchange Commission, in bid to expand the depth and breadth of the Nigerian Capital Market, and in furtherance of Nigeria’s financial inclusion objectives within the strategic 10-year Master Plan on Non-Interest Capital Market is organizing a High-Level Regional Roundtable on Non- interest […]
19/10/2015
The Executive Management and staff of the Securities and Exchange Commission (SEC) note with grief the sad demise of Dr. Gamaliel Onosode who passed on in Lagos on Tuesday 29th September, 2015 aged 82. One of Nigeria’s foremost capital market experts, Dr. Onosode served as the inaugural President of the Chartered Institute of Stockbrokers (CIS) […]
19/10/2015
This is to inform the general public that on September 17th, 2015, the Federal High Court in Suit No. FHC/L/CS/767/15; BGL Plc & Ors Vs Securities and Exchange Commission, discharged the Ex-Parte order obtained by BGL Plc and its subsidiaries on the 27th of May 2015. In view of the Courts ruling, BGL, its subsidiaries […]
19/10/2015
The Securities and Exchange Commission (SEC) is pleased to notify the investing public that enrolment for e-Dividend payments can now be efficiently conducted at Bank and Registrar branches nationwide through the online platform launched on 29th July 2015. This follows the release of a circular on the implementation of e-DMMS portal by the Central Bank […]
19/10/2015
SUSPENSION OF STANBIC IBTC HOLDING Plc’s RIGHTS ISSUE PENDING CONCLUSION OF ONGOING INVESTIGATION This is to inform the investing public (particularly the shareholders of Stanbic IBTC Holding Company Plc) that the proposed rights issue earlier approved by the Commission is hereby put on hold in view of letters received from the National Office for Technology […]
10/08/2015
The Securities & Exchange Commission is empowered under Sections 13(n), 45, 303 of the Investments and Securities Act (ISA) 2007 and Rule 598 of its Rules and Regulation to protect the integrity of the capital market against all forms of abuses by investigating and sanctioning persons who violate the provisions of the Act and the […]
