SEC Sets June 30 Deadline For Crowdfunding Platforms Registration The Securities and Exchange Commission has directed all existing investment crowdfunding portals/digital commodities investment platforms to note the requirements and eligibility criteria for raising funds through and/or operating a Crowdfunding Portal and comply with the registration requirements or...

SEC Adopts guidelines on Sustainable Finance for CMOs The Securities and Exchange Commission has adopted the Nigerian Sustainable Finance Principles (NSFP) as developed by the Financial Services Regulation Coordinating Committee (FSRCC) for the capital market. This was contained in a statement released by the Commission in...

Firms Borrowed N258.59bn From Bond Market Amid COVID-19 – SEC       More companies tapped the Nigerian bond market in 2020 amid the COVID-19 pandemic as they raised a total of N258.59bn, the highest on record, according to data from the Securities and Exchange Commission. The SEC data...

FBN Conundrum, an Abuse of Privilege? By Ademola Oyetunji Recent development at the nation’s premier commercial bank was both shocking and unexpected. Mind boggling though, but it has happened before. Boardroom rascality, a reminiscence of Intercontinental and Oceanic banks saga, where powerful management and shareholders leverage...

CBN, SEC In Talks On Crypto Market Regulation       The Securities and Exchange Commission has said it is in discussion with the Central Bank of Nigeria on how to better understand and regulate the cryptocurrency market in the country. SEC said on Thursday that it would continue...

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...