SEC

In a bid to ensure that only registered entities are allowed to operate in the capital market, the Securities and Exchange Commission has urged members of the public to report any fund manager that is operating without the registration of the Commission. Chief Economist, SEC Dr. Okey Umeano stated this in an interview in Abuja, said the battle against illegal Read More

The Capital Market Committee of the Securities and Exchange Committee (SEC), held its first meeting last week. In this interview with BENJAMIN UMUTEME, the Director-General of SEC, Lamido Yuguda, restated that protection of investors is at the heart of the Commission’s mandate. In the course of your presentation, you mentioned that you will spare no efforts protecting investors, both minority Read More

The Securities and Exchange Commission has stated that efforts are ongoing to rebuild the E-Dividend Management Mandate System (e-DMMS) platform in a sustained effort to drive down unclaimed dividends in the capital market.This was stated by the Director General of the SEC, Mr. Lamido Yuguda, during an interview in Abuja.Yuguda said members of the Capital Market Committee had adopted some measures Read More

Effective internal controls over financial reporting has been described as necessary to help ensure that companies provide investors with accurate financial statements, which will in turn boost investor protection and confidence. This was stated by the Executive Commissioner Legal and Enforcement of the Securities and Exchange Commission, Mr. Reginald Karawusa during a training on Internal Controls over Financial Reporting, an Read More

The Securities and Exchange Commission (SEC) has reiterated its commitment to developing the commodities ecosystem in Nigeria to boost its non-oil sector. The Director-General of SEC, Lamido Yuguda, stated this at the conference over the weekend, with the theme ‘Boosting Domestic Capacity for Sustainable Export Earnings’. Yuguda who was represented by the Director, Lagos Zonal Office of the Commission, Hafsat Read More

The Director General of the Securities and Exchange Commission, (SEC), Mr. Lamido Yuguda has announced that Dukia Gold is only SEC approved and designated legal entity for gold refining, bullion merchant and vaulting service provider in Nigeria for gold physical delivery on the capital market through the Lagos Commodities and Future Exchange (LCFE). Yuguda made this statement at the BusinessDay Read More

As a crucial component of the economy, the capital market has a great role to play in its development. And this is what the Director General of the Securities and Exchange Commission (SEC) is presently doing to make the capital market the driver of Nigeria’s economy; BENJAMIN UMUTEME writes. On July 6th 2020, when Lamido Yuguda assumed office as the Read More

In a bid to modernise Nigeria’s capital markets and ensure that it is well positioned to support economic transformation driven by private sector investment, the Securities and Exchange Commission and the African Development Bank Group have signed an agreement for a grant on market surveillance system project. The grant valued at $460,000, is to finance technical assistance and capacity building Read More

As a crucial component of the economy, the capital market has a great role to play in its development. And this is what the Director General of the Securities and Exchange Commission (SEC) is presently doing to make the capital market the driver of Nigeria’s economy; BENJAMIN UMUTEME writes. On July 6th 2020, when Lamido Yuguda assumed office as the Read More

Relevant stakeholders have been urged to cooperate with the Securities and Exchange Commission in its desire to help bridge Nigeria’s infrastructure gap in the country. Director General of the SEC, Mr. Lamido Yuguda stated this during a meeting with the new executives of the Chartered Institute of Stockbrokers in Abuja, weekend. Yuguda said the capital market is capable of attracting Read More

The Securities and Exchange Commission (SEC), has reiterated its commitment to ensure that every segment of the society is covered in the ongoing financial inclusion initiative of the Federal Government. The SEC assured that more Nigerians are captured in the digitalisation of the economy through the financial inclusion policy. The Capital Market regulators gave this assurance in Lagos at the Read More

Banks have warned customers to avoid using their accounts for cryptocurrency transactions despite the Security and Exchange Commission’s (SEC) latest regulation on cryptocurrency which essentially formalized cryptocurrency as an asset class in Nigeria. In an email to one of the bank’s customers, it warned against using their bank accounts for cryptocurrency transactions as the accounts will be closed if they Read More

The Director-General of the Securities and Exchange Commission (SEC), Lamido Yuguda, says by third quarter 2022, the e-dividend portal will be up and running thus fast tracking collection of dividends by shareholders. In this interview with journalists, he also spoke on a wide range of issues. BENJAMIN UMUTEME reports. The Capital Market Committee meeting was recently held. What are some Read More

The Securities and Exchange Commission has said it is currently working along with other agencies on a sectoral strategy to tackle any potential cyber security threat on the Nigerian capital market. The Director-General of SEC, Mr Lamido Yuguda disclosed this on Thursday while briefing journalists on the outcome of the first Capital Market Committee meeting of 2022. For over two Read More

The Management of the Securities and Exchange Commission (SEC) has assured staff of the Commission of its commitment to ensure industrial peace and harmony in the SEC. Executive Commissioner Corporate Services of the SEC, Mr. Ibrahim Boyi, stated this while addressing protesting members of staff of the SEC at the Commission’s headquarters. Staff had expressed dismay over issues ranging from Read More

The Securities and Exchange Commission (SEC), has sealed the premises of Oxford International Group/Oxford Commercial Services, Farmforte Agro Allied Solutions Limited/Agro Partnerships as well as Vektr Capital Investment/Vektr Enterprise for illegally engaging in capital market activities. The SEC said the offices of the companies in Lagos, Port Harcourt and Abuja were shut down for carrying out investment operations that fall Read More