SEC Archives — City Business News

June 21, 2025 No Responses

SEC Bans Independent Directors From Becoming Executive Directors

The Securities and Exchange Commission (SEC) has prohibited Independent Directors from transitioning into Executive Director roles within the same company or group.In a circular to public companies and capital market operators titled “Circular to All Public Companies and Capital Market...

June 11, 2025 No Responses

SEC To Firms: Honour Unclaimed Dividend Requests

The Securities and Exchange Commission (SEC) has directed all public companies and Registrars to stop treating unclaimed dividends older than 12 years as “statute-barred”, especially those from before the enactment of the Finance Act 2020.The directive rea...

June 2, 2025 No Responses

SEC Nigeria Tasks African Capital Markets On Financing Gap For Climate Adaptation

The Securities and Exchange Commission (SEC), Nigeria, has stressed the need for the mobilisation of capital markets to bridge the colossal financing gap for climate adaptation in Africa.Dr Emomotimi Agama, the Director-General of SEC, said this while speaking...

May 30, 2025 No Responses

SEC Nigeria Cautions Investors On Ponzi Schemes

Again, the Securities and Exchange Commission (SEC) has sounded a renewed warning on the dangers of Ponzi schemes, highlighting their devastating impact on investor confidence, financial stability, and the Nigerian capital market.This was the central theme of ...

May 25, 2025 No Responses

Listed Firms Declare N1.1trillion Dividend In 2024

The Securities and Exchange Comission (SEC) has said that listed companies declared dividends totaling N1.1trillion to shareholders in 2024.The Director-General of SEC, Dr Emomotimi Agama, disclosed this at the first quarter Capital Market Committee (CMC) meet...

May 1, 2025 No Responses

SEC Uncovers Another Suspected Illegal Investment Platform

The Securities and Exchange Commission (SEC) has uncovered another suspected illegal investment platform identified as tofro.com (tofro), warning Nigerians against falling for their antics to obtain money from them through promise of usually high returns.The C...

April 29, 2025 No Responses

SEC DG In Morocco, Urges Co-Operation Among African Markets

The Securities and Exchange Commission (SEC), has urged cooperation among African markets in a bid to build a stronger interconnection within the continent and enhance development of new products.Director General of the Securities and Exchange Commission, Dr. ...

April 28, 2025 No Responses

GTCO Shareholders Okay N8.03 Per Share Dividend

For the financial year ended December 31, 2024, Shareholders of Guaranty Trust Holding Company (GTCO) Plc have approved the payment of a total dividend of N8.03 per share.This decision was taken at the company’s fourth annual general meeting, held virtua...

April 21, 2025 No Responses

SEC To Clampdown On Influencers, Bloggers

The Securities and Exchange Commission (SEC) has issued a warning to influencers and bloggers, cautioning them against promoting unregistered investment schemes.The Commission emphasized that it is working closely with law enforcement agencies, including the E...

April 16, 2025 No Responses

SMEs Financing: SEC, SMEDAN Embark On Enlightenment Campaigns

The Securities and Exchange Commission is to collaborate with the Small and Medium Enterprises Development Agency of Nigeria to implement joint nationwide sensitization campaigns on “Financing SMEs through the Capital Market.” Director General of the SEC, ...

April 7, 2025 No Responses

SEC DG: ISA 2025 To Boost Investor Confidence

The Securities and Exchange Commission (SEC) has said that the Investments and Securities Act 2025 introduces key reforms aimed at boosting investors confidence, strengthening market oversight and aligning Nigeria’s financial markets with global best pra...