SEC warns Firms Dealing on Illegal Foreign Investment The Securities and Exchange Commission (SEC) has warned Nigerian investors against patronising unregistered online investment and trading platforms, which boast of facilitating access to securities, listed in foreign markets. In a circular just released, the Commission noted the...

CBN, SEC Anchor Cryptocurrency Ban On Financial System Protection     The Central Bank Governor, Mr Godwin Emefiele, on Tuesday said the bank’s decision to prohibit deposit money banks, non-banking institutions and other financial institutions from facilitating trading and dealings in cryptocurrency was in the best interest of...

SEC, CBN To Work On Digital Assets Regulation     Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC) has reached an understanding with the Central Bank of Nigeria (CBN) to develop an appropriate regulatory framework for digital assets in line with the mandates of the...

SEC Backs Unclaimed Dividends Trust Fund The Securities and Exchange Commission has stated that it is not against the proposal by the Federal Government to set up unclaimed dividends and balances trust fund. This was disclosed by the Head, Securities and Investments Services (SIS) Department, SEC...

Finance Minister, Shareholders Disagree Over N150bn Unclaimed Dividends         The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, yesterday, disagreed with the Independent Shareholders Association of Nigeria over plans by the Federal Government to take over unclaimed dividends worth over N150billion in the country. While...

Fed Govt Seeks To Manage N150bn Unclaimed Dividends         The federal government is proposing to take over the management of over N150 billion unclaimed dividends and unutilised bank balances. The proposal is contained in the 2020 Finance Bill, currently being considered by the National Assembly. Speaking at a...