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Tag: Securities and Exchange Commission

SEC Introduces New Rules On Commodity Trading

SEC Introduces New Rules On Commodity Trading       To ensure a vibrant commodities trading ecosystem, the Securities and Exchange Commission (SEC) has unveiled new rules on warehousing, collateral management, and other requirements. According to the new rule, every warehouse that stores commodities to be traded on a...

States Borrow N900bn From Capital Market

States Borrow N900bn From Capital Market         The Securities and Exchange Commission (SEC), has disclosed that state governments in Nigeria have borrowed not less than N900 billion from the capital market since 1978. The Director General, SEC, Mr Lamido Yuguda, disclosure this at a webinar organised by...

Digital Assets Offerings’ll Be Regulated, Says SEC

Digital Assets Offerings’ll Be Regulated, Says SEC       The Securities and Exchange Commission has said it will regulate digital assets offerings in the country. SEC, in a statement obtained from its website, said, “Since digital assets offerings provide alternative investment opportunities for the investing public, it is...

SEC Moves To Reduce Cost Of Capital Market Transaction

SEC Moves To Reduce Cost Of Capital Market Transaction The Securities and Exchange Commission says it is taking steps to reduce transaction costs in a bid to ensure that investors do not bear unnecessary costs. The acting Director-General, SEC, Ms Mary Uduk, while speaking during a...

SEC To Fine Registrars N1m For Illegal Charges

SEC To Fine Registrars N1m For Illegal Charges   The Securities and Exchange Commission has vowed to slam a fine of N1m on registrars illegal charges imposed on investors. SEC, in its amended draft on the operating framework for the transmission of shares, said it had disallowed...

SEC Workers Protest Gwarzo’s Reinstatement

SEC Workers Protest Gwarzo’s Reinstatement While the commission was on Monday, June 3, ensuring that Oando carried out its directive and allow Sunmonu takes over the running of the firm, some workers of SEC where in Abuja protesting the reinstatement of suspended DG, Mounir Gwarzo. The...