CBN, SEC Sanction Access Bank, UBA, Others for Forex Violations The Central Bank of Nigeria and the Securities and Exchange Commission have sanctioned 10 banks for violations of foreign exchange guidelines and other regulatory offences. These regulatory agencies responsible for overseeing the activities of Deposit Money...

Recapitalisation: Five Banks’ Shares Oversubscribed — SEC DG   The Director-General of the Securities and Exchange Commission (SEC) Dr Eromomotimi Agama, has stated that the five banks that tapped the market to raise fresh capital were oversubscribed. This was disclosed in a report by Bloomberg on Monday...

SEC Guidelines Bring Transparency to Banks’ Recapitalisation – DG The Director-General of the Securities and Exchange Commission, Dr Emomotimi Agama, has stated that the guidelines issued by the commission before the banking recapitalisation exercise increased transparency of the process, making it easier for Nigerians to...

9.7% Interest on Dollar Bond Gains Oversubscription by $400m - Experts Experts have attributed the oversubscription recorded in the first dollar-denominated domestic bond to the attractive yields of the $500m bond just as they called for judicious utilisation of the proceeds in critical sectors that...

SEC Puts Capital Market Operators on Notice Over Illegal Practices The Securities and Exchange Commission (SEC) says individuals and business entities engaging in activities contrary to regulations in the capital market and cryptocurrency space will face the law. Emomotimi Agama, director-general of SEC, spoke in a...

CBN,NDIC, SEC Partner To Simplify Bank Recapitalisation The Central Bank of Nigeria (CBN) the Securities and Exchange Commission (SEC) and the Nigeria Deposit Insurance Corporation (NDIC) have joined forces to streamline the bank recapitalisation process, aiming to enhance efficiency and transparency within the financial sector. In...