30 results
- 11 Aug 2019
SEC Calls Out Promoters of Ponzi Schemes
Securities and Exchange Commission (SEC) has again warned Nigerians not to patronise anyone or company proposing unreasonably high returns. Ms Mary Uduk, acting director general of the agency,…
- 21 Oct 2019
SEC Thinkers with Crowdfunding Regulation
Securities and Exchange Commission (SEC), is working on a framework to regulate the use of crowdfunding by small businesses to raise capital, according to Ms. Mary Uduk, acting director-general of…
- 29 Apr 2019
SEC To Review Capital Market Master Plan
Nigeria’s 10 year Capital Market Master plan is about to be reviewed to go along with current economic realities. Ms. Mary Uduk, Acting Director General of the Securities and Exchange Commission,…
- 28 May 2020
SEC De-registers 84 Inactive Stockbrokers
The outgoing Acting Director-General of the Securities and Exchange Commission (SEC), Ms Mary Uduk, Thursday, presented her scorecard, stating that under her leadership, the register of capital…
- 21 Jan 2020
eOffering Will Reduce Unclaimed Dividends – SEC
Ms. Mary Uduk, acting director-general of the Securities and Exchange Commission (SEC), has said that the introduction of electronic offering in the Nigerian capital market remains a major…
- 4 Dec 2018
SEC Launches Green Bond Rules
The Securities and Exchange Commission (SEC) officially launched the Green Bonds issuance rules at a ceremony on Monday. Speaking at the launch of the rules, Ms. Mary Uduk, Ag. Director-General, SEC…
- 5 Apr 2020
SEC Moves to Prosecute, Close Down Ponzi Schemes
Securities and Exchange Commission (SEC) has stepped up its regulatory oversight to ensure that promoters of Ponzi schemes in Nigeria face the full wrath of the law and their entities quickly sealed…
- 29 Nov 2018
SEC Reaffirms Commitment to Deepen Capital Market
Securities and Exchange Commission (SEC) in its moves to deepen the Nigerian Capital Market and bolster liquidity has reaffirmed its commitment to its 10-year master plan which began in 2014. Ms Mary…
- 11 May 2020
COVID-19: SEC Boosts Regulation With Fintech Platform
The Securities and Exchange Commission, SEC has said that it is leveraging the various opportunities available in the Fintech space to ensure proper regulation of the Capital market in the face of…
- 15 Mar 2020
SEC Capital Market Institute Expands Operations
Nigerian Capital Market Institute (NCMI) is to operate from three centres in Nigeria in a bid to providing excellent capital market education to stakeholders which will help deepen the Nigerian…
- 8 Apr 2020
SEC Introduces Investor’s Data, Consent Form to Curb Identity Theft
Securities and Exchange Commission (SEC), has developed a standardized Investor’s Data and Consent Form to be adopted by all Capital Market Operators, in a bid to address challenges associated with…
- 26 Dec 2018
SEC Urges Investors on Collective investments, Mutual Funds
The Securities and Exchange Commission (SEC) has advised retail investors in the capital market to invest in Collective Investment Schemes and Mutual Funds to help reduce risk. The Acting…
- 5 May 2020
SEC Urges Investors to Explore Opportunities in Capital Market
The Securities and Exchange Commission (SEC) has called on investors to explore opportunities inherent in the capital market to create wealth in the face of the Coronavirus pandemic. A statement by…
- 31 Oct 2013
States Raised N589Bn from Nation's Bourse in 14 years - SEC
State governments have raised N589 billion from the nation's bourse through bonds to finance infrastructure development in the last 14 years, the Securities and Exchange Commission (SEC) has said. Ms…
- 25 Nov 2018
SEC Pledges Commitment to Financial Inclusion for Economic Growth
The Securities and Exchange Commission (SEC) on Sunday restated commitment to pursue initiatives that would aid financial inclusion of Nigerians to grow the nation’s economy. Securities and Exchange…
- 12 Nov 2018
SEC, NERDC Mull Capital Market Education Curriculum for Schools
The Securities and Exchange Commission (SEC) is working with the Nigerian Educational Research & Development Council (NERDC) to develop a capital market education curriculum for senior secondary…
- 13 Sept 2018
SEC Plans to Regulate Technology Applications in Capital Market
In its desire to transition towards a technology driven capital market as well as protect investors, the Securities and Exchange Commission, SEC, has said that the Commission would soon come out with…
- 2 Jan 2020
SEC says 10 Year Master Plan Implementation will Wet Investors Appetite
The Securities and Exchange Commission, SEC, has said that implementation of the 10- year capital market master plan have wet investors appetite and making the capital markets more attractive. Ms.…
- 19 May 2019
SEC Says WASRA Guidelines on Cross-border Issuance Ready
The draft guidelines on cross border issuance of fixed incomes and Mutual Recognition Agreement drawn up by the West African Securities Regulatory Authorities (WASRA) for the sub-region is ready, Ms.…
- 20 Apr 2018
SEC Partners IFC, AFDB to Boost Sukuk Bond Investment
The Securities and Exchange Commission (SEC) yesterday expressed plans to work with International Finance Corporate (IFC), African Development Bank (AfDB) for development of Sukuk bond investment.…
- 16 May 2019
SEC Warns Nigerians Against Trending Ponzi Scheme
SEC Says ‘Loom Money Nigeria’ is a Fraudulent Scheme, Securities and Exchange Commission (SEC) has warned Nigerians against fraudsters currently running an online investment scheme tagged…
- 29 Dec 2019
SEC Phases Out Unclaimed Dividends
The Securities and Exchange Commission, SEC, has said it has phased out unclaimed dividends in the Nigerian capital market, stating that henceforth, there would be no future unclaimed dividends on…
- 17 Jul 2019
SEC, NFIU Sign Agreement to Tackle Capital Market Fraud
The Securities and Exchange Commission, SEC, Wednesday, signed an agreement with the Nigerian Financial Intelligence Unit, NFIU, to eliminate suspicious transactions from the Nigerian capital market.…
- 14 Aug 2019
SEC Moves to Protect Investors from High Charges
The Securities and Exchange Commission, SEC yesterday, disclosed that it is taking steps to reduce transaction costs in the Nigerian capital market, to shield investors from high charges. In a…
- 22 Mar 2019
MTN Yet to File Application for Listing on NSE- SEC
Securities and Exchange Commission (SEC), apex capital market regulator, has said that MTN Nigeria has not filed any application that could kick-start regulatory consideration of the proposed listing…
- 25 Feb 2020
Minister of Finance Engages Market Stakeholders During “A Day At The NSE"
Dr. Zainab Shamsuna Ahmed, the Honourable Minister of Finance, Budget and National Planning, was hosted by the Nigerian Stock Exchange (NSE) recently. The event themed, “A Day at the NSE” marked the…
- 25 Mar 2019
SEC Moves to Revive Margin Lending
The Securities and Exchange Commission, SEC, has said that plans are under-way to amend the rules on margin lending and resume activity in that space. Speaking at the first quarter post-Capital…
- 25 Mar 2020
SEC Mulls Automated Surveillance of Capital Market
Securities and Exchange Commission (SEC) plans to deploy a real-time automated market surveillance system that will enable it to monitor real-time activities at the capital market and proactively…
- 27 Mar 2020
SEC Lists Ponzi Schemes, Warns Nigerians
Securities and Exchange Commission (SEC) said it has observed the proliferation of the operation of unlawful/unlicensed investment schemes, with promises of huge, but unjustifiable returns on…
- 16 Nov 2018
SEC Extends Multiple Subscription Deadline to December 2019
The Securities and Exchange Commission (SEC) has extended the forbearance deadline for shareholders with multiple accounts to Dec. 31, 2019, from Dec. 31, 2018, for more investors to embrace the…