-
Jennete Ugo Anya
- May 1, 2025
CAC Issues Six-Week Ultimatum To Unregistered Businesses
The Corporate Affairs Commission (CAC) has issued a stern six-week deadline to all unregistered businesses operating in Nigeria, mandating immediate registration or risk prosecution and possible jail time. This directive, contained in a public notice released recently titled: ‘Carrying On Business In Nigeria Under An Unregistered Name Or Acronym,’ warns that operating without formal registration […]
Read More
-
- April 15, 2025
SEC Begins Implementation of ISA 2025
The Securities and Exchange Commission (SEC) has officially commenced the implementation of the newly enacted Investments and Securities Act, 2025 (ISA 2025), following its recent signing into law by President Bola Tinubu. This legislation repeals the 2007 version of the Act and ushers in significant reforms aimed at modernising Nigeria’s capital market. A key change […]
Read More
-
- March 24, 2025
SEC Reaffirms Zero Tolerance for Market Infractions
In a decisive move to bolster confidence in Nigeria’s capital market, the Securities and Exchange Commission (SEC) has reaffirmed its commitment to zero tolerance for market infractions. Director-General of SEC, Dr. Emomotimi Agama, announced over the weekend that only ‘fit and proper’ individuals and entities would be allowed to operate in the financial markets. Dr. […]
Read More
-
- March 17, 2025
SEC Halts Centurion Registrars’ Operations
The Securities and Exchange Commission (SEC) has suspended Centurion Registrars Limited, along with its sponsored individuals and directors, from participating in any capital market activities due to unresolved complaints. In a statement dated March 14, 2025, the SEC said the suspension, which takes immediate effect, was enforced under its regulatory authority as stipulated in Section […]
Read More
-
- January 28, 2025
SEC Warns Against Investing In Unregistered Platforms
The Securities and Exchange Commission (SEC) has issued a warning to Nigerians, advising against investments in Risevest (Victoria Island) Cooperative Multipurpose Society Limited and Stecs (Alausa) Multipurpose Cooperative Society, popularly known as Stecs. In a circular released over the weekend in Abuja, SEC clarified that neither Risevest nor Stecs is registered or authorised to operate […]
Read More
-
- January 24, 2025
SEC Reports N3trn Milestone In Collective Investment Schemes For 2024
The Securities and Exchange Commission (SEC) has announced that Collective Investment Schemes (CIS) in Nigeria exceeded N3 trillion in 2024, highlighting the growing appeal of the capital market as a robust investment avenue. This development was revealed recently by SEC’s Director-General, Dr. Emomotimi Agama, during an interaction with reporters in Abuja. He explained that CIS […]
Read More
-
- January 13, 2025
FG Commits To Strengthening Nigeria’s Capital Market
The federal government has pledged to strengthen Nigeria’s capital market as a cornerstone for economic growth and wealth creation for its citizens. This commitment was reiterated by the Honourable Minister of State for Finance, Mrs. Doris Uzoka-Anite, during a weekend meeting with the board of the Securities and Exchange Commission (SEC) in Abuja. Mrs. Uzoka-Anite […]
Read More
-
- 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 […]
Read More
-
- January 3, 2025
FMDQ Exchange Halts Commercial Paper Admissions Following New SEC Guidelines
FMDQ Exchange has announced the temporary suspension of security admission services in Nigeria’s commercial paper (CP) market in response to the latest regulatory framework introduced by the Securities and Exchange Commission (SEC). In a market notice issued on January 2, 2025, FMDQ disclosed that the suspension, effective from December 30, 2024, will remain in place […]
Read More
-
- December 27, 2024
SEC Approves HH Capital’s MTO For Transcorp Shares
The Securities and Exchange Commission (SEC) has officially approved HH Capital Limited’s mandatory tender offer (MTO) for shares of Transnational Corporation Plc (Transcorp), marking a significant regulatory milestone in the ongoing shareholder restructuring of the conglomerate. With this approval, HH Capital is set to tender 2,032,399 shares, representing 0.02 percent of Transcorp’s total outstanding shares, […]
Read More