SEC – Page 9 – City Business News

July 13, 2021 No Responses

SEC Nigeria Proposes N10m Registration Fees For Issuing Houses, Others

The Securities and Exchange Commission (SEC) has proposed N10 million registration fee for issuing houses, underwriters and fund managers from the current fee of N500,000. The commission stated this in a document titled, “Exposure of proposed new rule ...

July 4, 2021 No Responses

SEC Nigeria Issues Interoperability Framework Among CSDs

As part of measures to enhance the efficiency of trading and settlement functions as well as align the market with international best practices,the Securities and Exchange Commission (SEC) has issued an Interoperability/Financial Markets Infrastructure Link Fr...

June 16, 2021 No Responses

NG Clearing Secures SEC Approval, Emerges Nigeria’s Premier Central Counterparty

By citybusinessnews@yahoo.com — Nigeria’s apex capital market regulator, the Securities and Exchange Commission (SEC) has granted NG Clearing Limited (NG Clearing) registration to perform the function of a central counterparty (CCP) wit...

May 24, 2021 No Responses

SEC Nigeria Adopts Sustainable Finance Guidelines For CMOs

The Securities and Exchange Commission (SEC) has adopted the Nigerian Sustainable Finance Principles (NSFP) which was developed by the Financial Services Regulation Coordinating Committee (FSRCC) for Capital Market Operators (CMOs). A statemen...

April 28, 2021 No Responses

SEC Nigeria, FSD Africa To Develop ICT Transformation Strategy

The Securities and Exchange Commission (SEC) with the support of FSD Africa is to develop an Information Communication and Technology (ICT) transformation strategy to improve market regulatory efficiency. A document published on the commission’s websit...

April 12, 2021 No Responses

SEC Nigeria Engages Stakeholders On Fintech Roadmap Implementation

The Securities and Exchange Commission (SEC) is to discuss issues concerning the implementation of the financial technology roadmap in the market during its forth-coming virtual committee meeting sheduled for April 15 and April 16, 2021. A statement issu...

March 29, 2021 No Responses

SEC Nigeria Unveils New Rules On Warehousing, Collateral Management

The Securities and Exchange Commission (SEC) has released new rules covering warehousing and collateral management as part of measures to ensure vibrant commodities trading. A statement issued by the commission on Sunday explained that every warehouse th...

March 15, 2021 No Responses

SEC Nigeria Photo News

L-R, Head, Finance and Accounts Securities and Exchange Commission (SEC) Mr Frank Aul, Director General SEC Mr Lamido Yuguda and Executive Commissioner Corporate Services SEC Mr IbrahimBoyi during an appearance before the House of Reps Public Accounts Comm...

March 12, 2021 No Responses

Minister Tasks Capital Market Operators On Retail Investments

The Federal Government on Thursday advised capital market operators to consider retail investments, to enable ordinary citizens in the country to invest in the market. Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning, made the call at ...

March 8, 2021 No Responses

SEC Nigeria, AfDB Seal $400,000 Grant Agreement

The Securities and Exchange Commisssion (SEC) has signed $400,000 grant agreement with African Development Bank (AfDB) a part of measures to strengthen securities market regulation and broaden market instruments. Speaking during the virt...

March 1, 2021 No Responses

SEC Nigeria, Group To Train Security Agencies, Lawyers On Tackling Ponzi Scheme

The Securities and Exchange Commission (SEC) in collaboration with the Attorney General Alliance Africa (AGA-Africa) is to train law enforcement agencies, lawyers and the public on prevention of ponzi scheme operations in the country. A statement by...

February 26, 2021 No Responses

SEC Wins As Court Strikes Out Oando Directors‘ Suit

The Federal High Court sitting at Abuja, in a judgement delivered on Thursday, February 25, 2021, by Hon. Justice F.O.G. Ogunbanjo, struck out three (3) cases filed by Oando Plc and some of its directors against the Securities and Exchange Comm...

February 19, 2021 No Responses

SEC Nigeria Urges Senior Bankers To Mentor Younger Generation

The Director General of the Securities and Exchange Commission, Malam Lamido Yuguda, has urged senior bankers to mentor the younger generation so as to ensure sustainability, safety and soundness of the banking and finance industry. Lamido...