Collective Investment Funds Now N2.1trn – SEC The Director General of the Securities and Exchange Commission (SEC) Lamido Yuguda, has said the amount of Collective Investment Scheme funds held in custody has hit N2.1tn as of the end of October 2023 from N1.1tn at the...

SEC To Boost Commodities Market Development   The Securities and Exchange Commission (SEC) has expressed its commitment to developing the commodities ecosystem in Nigeria to boost its non-oil sector. The Director-General of SEC, Lamido Yuguda, said this at the 2022 annual conference of the Finance Correspondents Association...

SEC Declares N2.5bn Surplus, Reduces Workforce By 30%   The Director General of the Securities and Exchange Commission (SEC), Mr. Lamido Yuguda has said the commission reduced its workforce by almost 30 per cent disclosing that at the end of the first half of 2022, it...

SEC Introduces New Rules On Commodity Trading       To ensure a vibrant commodities trading ecosystem, the Securities and Exchange Commission (SEC) has unveiled new rules on warehousing, collateral management, and other requirements. According to the new rule, every warehouse that stores commodities to be traded on a...

SEC Sets Fresh Rules On Collective Investment Schemes       The Securities and Exchange Commission (SEC) has released rules for collective investment schemes (CIS) prescribing that units of a collective investment scheme shall be registered by the Commission. According to the new rules, units subject to registration by...