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.
Nigeria’s digital finance ecosystem recorded about $96bn in cryptocurrency and virtual asset transactions, according to SEC Director-General Emomotimi Agama.
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).
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...
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.
Non-interest Capital Market Growth Rises N1.6tn - SEC
The Securities and Exchange Commission has said Nigeria’s non-interest capital market has grown to over N1.6tn, reflecting investor confidence and participation in finance.
The Director-General of the SEC, Emomotimi Agama, disclosed this on Monday at a joint press...
