30 results
- 3 Feb 2021
SEC sets New Rule for Collective Investment Schemes
The Securities and Exchange Commission, SEC, has directed that all units/securities of a collective investment scheme shall be registered by the commission. The new directive is part of general rule…
- 19 Sept 2021
SEC Commences 100% Custody Requirement in Collective Investment Schemes
In a bid to further protect investors and deepen the capital market, the Securities and Exchange Commission (SEC) has announced that it has commenced the implementation of 100% custody requirement in…
- 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…
- 20 Jan 2022
New Bill Empowers SEC to Sanction Unregistered Investment Schemes
The Securities and Exchange Commission (SEC) would in the nearest future be able impose stiffer punishment on promoters of Ponzi schemes and other unregistered investment schemes, if changes to its…
- 17 Nov 2020
SEC Tightens Regulations, Threatens Sanctions Mutual Funds Operators
Securities and Exchange Commission (SEC) Nigeria’s apex capital market regulator, has tightened regulations on collective investment schemes (CIS), threatening to sanctions them for any errors in…
- 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…
- 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,…
- 30 Mar 2023
ISB: Ponzi Scheme Promoters Risk 10 Years Jail Term
Promoters of Ponzi schemes now risk up to 10 years imprisonment following the passage of the Investments and Securities Amendment Bill (ISB) 2023 into law by the Senate. The bill, which is expected…
- 1 Jul 2024
Agusto & Co. Foresees Robust Growth in Managed Assets, to Surpass N10tn by 2025
Credit rating agency, Agusto & Co., has projected that managed assets in the country will witness an average annual growth rate of 32.4 per cent over the next two years. The firm noted that while…
- 20 Jul 2025
SEC to Introduce USSD Codes to Fight Ponzi Schemes
Securities and Exchange Commission (SEC) is set to introduce a USSD Ponzi schemes and illegal investment activities in Nigeria. Dr. Emomotimi Agama, director-general of the SEC, disclosed this in an…
- 16 Jan 2026
SEC Hikes Minimum Capital Requirements for Market Operators After a Decade
The Securities and Exchange Commission (SEC) has revised the minimum capital applicable to all categories of regulated capital market entities after 10 years. The minimum capital review, according to…
- 12 Jul 2026
How Ponzi Scheme Victims can Seek Legal Remedies — Lawyers
Some lawyers have said that victims of Ponzi schemes have legal remedies, although recovering lost funds and prosecuting perpetrators remain major challenges. A Ponzi scheme is an investment fraud…
- 15 Jul 2019
SEC Begins Verification of Investors in Failed Dantata Success Ponzi Scheme
Securities and Exchange Commission (SEC) has said the verification of claims of unpaid investors in the Ponzi scheme created by Dantata Success and Profitable Company will end on Friday, July 19,…
- 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…
- 26 Jan 2020
SEC to Descend on Illegal Fund Managers
Mary Uduk, acting director-general, Securities and Exchange Commission (SEC) has restated the determination of SEC to go after illegal fund managers and ensure they are made to face the full wrath of…
- 15 Jul 2025
Unlicensed Investment Firms Fall Hard in Lagos Court
Justice D.I. Dipeolu of the Federal High Court in Ikoyi, Lagos, has convicted two companies, FARM360 Limited and MCBHADMOS Trans-Atlantic Trade Limited, for illegal capital market operations. The…
- 11 Mar 2024
United Capital Asset Management Urges Collaboration to Boost Financial Inclusion
Odiri Oginni, managing director and CEO of United Capital Asset Management Limited has said collaboration among stakeholders is essential to scale up the industry and reach underserved populations…
- 5 Jan 2022
SEC Reminds Fund Managers to Pay Regulatory Fees Before Jan 31
The Securities and Exchange Commission (SEC) has reminded fund managers that payment of the annual supervisory fee to the commission becomes due from the 1st January 2022 directing that full payment…
- 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…
- 7 Feb 2022
GTCO Acquires Asset Management and Pension Fund Businesses
Guaranty Trust Holding Company Plc, GTCO Plc, a diversified financial services provider, today notified the Nigerian Exchange Group (NGX) and the investing public that GTCO Plc has concluded the…
- 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…
- 11 Oct 2022
6 Tips to Help Young Nigerians Start their Investment Journey
According to statistics, Gen Z, the demographic group succeeding Millennials, is the most prevalent in Nigeria. One in every four Nigerian belongs to the Gen Z group and they tend to be more…
- 12 Dec 2017
From Farming to Forex: How Technology Has Changed the Face of Investing
By Nikola Grozdanovic, Senior Writer at FXTM Not too long ago, when an individual wanted to save or invest money, they were limited to a handful of options. In the early days of our ancestors,…
- 6 Feb 2012
Stanbic IBTC Money Market Fund Rated Aa(f)
Stanbic IBTC Money Market Fund, one of the six Mutual Funds managed by Stanbic IBTC Asset Management Limited and regulated by the Securities & Exchange Commission (“SEC”) has recently…
- 21 Sept 2022
DLM Capital Group Increases Financial Inclusion with its Fixed Income Fund
DLM Asset Management, a subsidiary of DLM Capital Group, has launched a fixed income fund to increase financial inclusion and encourage investment among the general public. This is part of its…
- 9 May 2021
SEC Unveils Measures to Cool off Demand for Foreign Stocks
The Securities and Exchange Commission (SEC) has announced a tighter regulatory oversight of local brokers aimed at cooling off demand for foreign stocks. The apex regulatory body in the nation’s…
- 31 Oct 2025
SEC Says Nigerians Have Lost N316Bn to Ponzi Schemes
Securities and Exchange Commission (SEC), has revealed that Nigerians have collectively lost about N316 billion to Ponzi schemes and illegal fund managers over the years. The commission warned that…
- 29 Mar 2014
CSCS Boss Urges Investors to Choose Credible Portfolio Managers
Kyari Bukar, chief executive officer, Central Securities Clearing System (CSCS) has advised investors to be savvy in choosing their portfolio managers to ensure their resources are entrusted in…
- 24 Sept 2021
Operators Laud SEC on Custody for Mutual Funds
Capital Market Operators have commended the Securities and Exchange Commission (SEC) on its directive that clients’ funds for Mutual Trust should be domiciled with the custodian of the asset for…
- 14 Oct 2020
FG Arraigns Promoters of Dantata Success over Alleged N2Bn Fraud
The federal government has arraigned Dantata Success and Profitable Company and their promoters before the Federal High Court in Abuja for alleged investment fraud amounting to over N2billion. Those…