SEC – Page 3 – City Business News

August 4, 2025 No Responses

SEC DG: West Africa Emerging As Global Hotspot For Virtual Asset Adoption

The Director-General of the Securities and Exchange Commission (SEC Nigeria), Dr. Emomotimi Agama, has said that West Africa, with its vibrant and youthful population, has become a global hotspot for virtual asset adoption.Speaking at the West Africa Compliance Summit organised...

July 21, 2025 No Responses

SEC Nigeria To Introduce USSD Codes For Verifying Operators

As part of measures to curb the activities of unregistered investment operators and protecting investors from fraudulent schemes, the Securities and Exchange Commission (SEC) is set to introduce a dedicated Unstructured Supplementary Service Data (USSD) code s...

July 10, 2025 No Responses

Digital Assets Fraud Threatens Market Integrity

The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has expressed concern over the growing threat of digital assets fraud, warning that it poses a significant challenge to market integrity and undermines investor confiden...

July 6, 2025 No Responses

At United Capital Investment Forum, SEC DG Seeks Inclusive Capital Market

June 26, 2025 No Responses

SEC Seeks Advanced Financial Inclusion By 2030

The Securities and Exchange Commission (SEC) has stressed the need for Nigeria to harness its demographic dividend to advance financial inclusion through investments by 2030 for national survival or face deepening inequality.The Director-General of the SEC, Dr...

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 ...

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...