The Securities and Exchange Commission (SEC) has expressed growing concern over the rising preference of Nigerians for cryptocurrency trading instead of investing in the country’s traditional capital market. The Director-General …
SEC Nigeria
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BusinessCapital MarketCryptocurrencyEconomyFinanceRegulation
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BusinessCapital MarketEconomyFinanceRegulationTechnology
CSCS to Host Webinar Ahead of Nigeria’s Transition to T+2 Settlement Cycle
The Central Securities Clearing System Plc (CSCS) has announced plans to host a major webinar as part of industry-wide sensitisation on Nigeria’s transition to the T+2 Settlement cycle for equities …
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BusinessEconomyInsuranceNigeriaRegulation
NAICOM, SEC Strengthen Partnership to Drive Insurance Industry Recapitalisation
The ongoing recapitalisation of Nigeria’s insurance industry received a major push on Tuesday as the National Insurance Commission (NAICOM) and the Securities and Exchange Commission (SEC) pledged to work more …
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BusinessCapital MarketEnergyInfrastructureNigeriaPower SectorState News
Elektron Finance Launches N200bn Bond Programme
Elektron Finance SPV Plc, a funding vehicle fully owned by Elektron Energy Development Strategies Limited, has launched a N200bn bond issuance programme and successfully completed its debut N4.64bn Series 1 …
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CrimeCryptocurrencyFinance & ServicesNigeriaRegulation
West Africa Lost $2.1 Billion to Crypto Crimes in 2024
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has raised alarm over rising cases of fraud linked to cryptocurrency and digital assets across West Africa, saying …
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CryptocurrencyFinance & ServicesRegulationSecurityTechnologyWestern Africa
SEC Raises Alarm over $2.1bn Suspicious Crypto Deals in West Africa
The Director-General of the Securities and Exchange Commission (SEC) Nigeria, Dr. Emomotimi Agama, has raised concern over the sharp rise in suspicious cryptocurrency-related transactions across West Africa. Speaking at the …
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CryptocurrencyDigital EconomyFinance & ServicesInnovationNigeriaTechnology
SEC Declares Nigeria Open for Stablecoin Business
The Securities and Exchange Commission (SEC) has officially declared Nigeria open for stablecoin business, with a strong emphasis on compliance, regulation, and innovation. Speaking at the Nigeria Stablecoin Summit held …
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EconomyFinance & ServicesGOVERNMENTMarketsNigeriaPoliciesTechnology
SEC to Launch USSD Code to Help Nigerians Verify Investment Operators
The Securities and Exchange Commission (SEC), Nigeria’s top capital market regulator, has announced plans to launch a new Unstructured Supplementary Service Data (USSD) code to help Nigerians verify the registration …
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Finance & ServicesInnovationINVESTMENTMarketsNigeriaTechnology
SEC Wants Artificial Intelligence to Power Nigeria’s Capital Market Surveillance
The Securities and Exchange Commission (SEC) has called on Nigeria’s capital market operators and stakeholders to adopt Artificial Intelligence (AI)-driven surveillance systems. The move is part of a wider strategy …
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CryptocurrencyCyber securityFinance & ServicesINVESTMENTTechnology
SEC Warns Nigerians Against Dealing With CBEX, Says Platform Still Banned
The Securities and Exchange Commission (SEC) has reaffirmed its ban on Crypto Bridge Exchange (CBEX) and its parent company, ST Technologies International Ltd, warning the public against engaging in any …