AfDB Offers SEC $400,000 Grant for Capital Market Devt     The African Development Bank (AfDB) Group last Friday signed a $400,000 grant agreement with the Securities and Exchange Commission (SEC) of Nigeria to strengthen securities markets regulation and broaden market instruments. The funds will go towards strengthening...

Over 3m Nigerians Lost N18bn To Ponzi Schemes – SEC       Over three million Nigerians have lost about N18bn through Ponzi schemes, the Securities and Exchange Commission stated on Tuesday. Director-General, SEC, Lamido Yuguda, said this during a webinar organised by the commission. Ponzi schemes are fraudulent investing...

SEC Sets Fresh Rules On Collective Investment Schemes       The Securities and Exchange Commission (SEC) has released rules for collective investment schemes (CIS) prescribing that units of a collective investment scheme shall be registered by the Commission. According to the new rules, units subject to registration by...