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SEC Bans Dangote Refinery IPO Promotions

The Securities and Exchange Commission (SEC) has banned the sale, marketing, and promotion of the Dangote Petroleum Refinery & Petrochemicals FZE IPO, warning that no application has been filed or approved for such an offering.
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SEC Proposes N7.5bn Capital Rule for Free Trade Zone Listings 

The Securities and Exchange Commission (SEC) has proposed a minimum paid-up share capital of ₦7.5 billion for Free Trade Zone Entities (FTZEs) seeking to raise funds from Nigeria’s capital market.  
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Nigeria Records $96bn Crypto Transactions – SEC

Nigeria’s digital finance ecosystem recorded about $96bn in cryptocurrency and virtual asset transactions, according to SEC Director-General Emomotimi Agama.
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Capital Market Contribution to GDP Now 33% – SEC

Nigeria’s capital market now contributes 33% to GDP, with total market capitalisation rising to ₦123.93 trillion, up 125% from ₦55 trillion in April 2024, according to the Securities and Exchange Commission (SEC).
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Ponzi Schemes Cost Nigerians N316bn – SEC

Ponzi Schemes Cost Nigerians N316bn - SEC   The Securities and Exchange Commission (SEC) has said Nigerians have lost about N316bn to Ponzi schemes and illegal fund managers over the years, warning that greed and ignorance are sustaining the menace. The Head of FinTech and Innovation Department...
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Nigeria Records Over $50bn Crypto Transactions – SEC

Nigeria witnessed cryptocurrency transactions exceeding $50 billion between July 2023 and June 2024, according to the Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama.
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