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Jennete Ugo Anya
- January 6, 2025
SEC DG Vows Stricter Clampdown On Ponzi Schemes In 2025
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has reaffirmed the regulator’s commitment to intensifying efforts against investment fraud, commonly known as Ponzi schemes, in 2025. In his recent New Year message to the capital market community, Dr. Agama highlighted plans to revamp regulatory frameworks to enhance detection, prevention, and accountability […]
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- December 27, 2024
Nigeria’s Cryptocurrency Market Set To Reach $52.5m By 2028 – SEC
Nigeria’s cryptocurrency market is projected to grow significantly, with expectations to hit $52.5 million by 2028, according to the Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama. While this growth signals immense potential, Dr. Agama revealed that not all cryptocurrency companies applying for registration under the commission’s Regulatory Incubation (RI) and Accelerated […]
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- December 18, 2024
SEC To Penalise Companies For Not Publishing Financial Results Online
The Securities and Exchange Commission (SEC) has issued a directive requiring quoted companies in Nigeria to publish their periodic financial returns on their corporate websites alongside submitting them to the SEC and relevant exchanges. This initiative is aimed at promoting greater transparency and boosting investor confidence in the Nigerian capital market. In a circular released […]
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- December 9, 2024
SEC Nigeria Leverages Blockchain To Foster Trust, Transparency
The Securities and Exchange Commission (SEC) is actively exploring the integration of blockchain technology to bolster trust and transparency in Nigeria’s capital market. Dr. Emomotimi Agama, the SEC’s Director-General, revealed this during the annual conference of the Capital Market Correspondents Association of Nigeria in Lagos. Represented by Mr. John Achile, Divisional Head of Legal and […]
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- November 28, 2024
SEC Warns Against Cryptocurrency Fraud
The Securities and Exchange Commission (SEC) has issued a strong warning to investors and the general public, advising them to steer clear of Marino FX Ltd, a company falsely claiming to be a licensed cryptocurrency exchange. In a recent statement published on its official website, the SEC clarified that Marino FX Ltd is neither registered […]
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- November 26, 2024
Banks, Companies Raise Over ₦2.7trn From Capital Market-SEC
The Securities and Exchange Commission (SEC) has revealed that over ₦2.7 trillion has been raised in Nigeria’s capital market by banks and other companies. This amount, which includes equity capital, excludes funds raised by fund managers. Notably, banks accounted for approximately ₦1.7 trillion of the total through recapitalisation exercises. Dr. Emomotimi Agama, the SEC Director-General, […]
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