SEC – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Thu, 19 Mar 2026 07:12:23 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png SEC – InfoStride News https://www.theinfostride.com 32 32 SEC directs market operators to register investment instruments before January deadline https://www.theinfostride.com/sec-directs-market-operators-to-register-investment-instruments-before-january-deadline/ https://www.theinfostride.com/sec-directs-market-operators-to-register-investment-instruments-before-january-deadline/#respond Thu, 19 Mar 2026 07:00:10 +0000 https://www.theinfostride.com/?p=472548 The Securities and Exchange Commission has issued a firm directive requiring all capital market operators to register their investment instruments before January, marking a significant step in its ongoing efforts to strengthen regulatory oversight, improve investor protection, and restore confidence in the nation’s financial markets. The instruction is part of a broader push to enhance [...]

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]]> https://www.theinfostride.com/sec-directs-market-operators-to-register-investment-instruments-before-january-deadline/feed/ 0 SEC Cautions Investors Against GVEST Global Amid Fraud Concerns https://www.theinfostride.com/sec-cautions-investors-against-gvest-global-amid-fraud-concerns/ https://www.theinfostride.com/sec-cautions-investors-against-gvest-global-amid-fraud-concerns/#respond Thu, 22 Jan 2026 11:07:32 +0000 https://www.theinfostride.com/?p=465905 The Securities and Exchange Commission (SEC) has issued a strong warning to the investing public against engaging with GVEST Global, citing that the entity is not registered or regulated by the Commission to operate in Nigeria’s capital market. The regulator emphasized that the company’s investment offerings pose significant risks to unsuspecting members of the public [...]

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]]> https://www.theinfostride.com/sec-cautions-investors-against-gvest-global-amid-fraud-concerns/feed/ 0 Tinubu Commends Capital Market Leaders in Brazil, Highlights Economic Gains https://www.theinfostride.com/tinubu-commends-capital-market-leaders-in-brazil-highlights-economic-gains/ https://www.theinfostride.com/tinubu-commends-capital-market-leaders-in-brazil-highlights-economic-gains/#respond Thu, 22 Jan 2026 08:09:42 +0000 https://www.theinfostride.com/?p=465992 President Bola Tinubu has commended the remarkable growth and resilience of Nigeria’s capital market, highlighting its pivotal role in driving economic expansion and attracting investments into the country. The President made the remarks during a high-level meeting with key stakeholders of the Nigerian capital market, including leaders of the Nigerian Exchange Group (NGX) and the [...]

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]]> https://www.theinfostride.com/tinubu-commends-capital-market-leaders-in-brazil-highlights-economic-gains/feed/ 0 Marketers Worry as Five-Month Fuel Imports Hit N6tn https://www.theinfostride.com/marketers-worry-as-five-month-fuel-imports-hit-n6tn/ https://www.theinfostride.com/marketers-worry-as-five-month-fuel-imports-hit-n6tn/#respond Tue, 20 Jan 2026 05:56:04 +0000 https://www.theinfostride.com/?p=404795 Oil marketers have raised concerns over the rising cost of fuel imports, which have reached N6 trillion in just five months. The increasing expenditure on petroleum product imports has sparked fears about the long-term sustainability of Nigeria’s fuel supply chain and the impact on the economy. Industry experts warn that the heavy reliance on imports, [...]

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]]> https://www.theinfostride.com/marketers-worry-as-five-month-fuel-imports-hit-n6tn/feed/ 0 Edun Unveils New SEC Website to Boost Capital Market Transparency https://www.theinfostride.com/edun-unveils-new-sec-website-to-boost-capital-market-transparency/ https://www.theinfostride.com/edun-unveils-new-sec-website-to-boost-capital-market-transparency/#respond Mon, 12 Jan 2026 21:38:48 +0000 https://www.theinfostride.com/?p=414210 On May 20, 2025, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, officially launched a redesigned website for the Securities and Exchange Commission (SEC) during the Capital Market Committee (CMC) meeting in Lagos. Represented by the Minister of State for Finance, Dr. Doris Uzoka-Anite, Edun emphasized that the new digital platform [...]

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]]> https://www.theinfostride.com/edun-unveils-new-sec-website-to-boost-capital-market-transparency/feed/ 0 SEC decries investor preference for Ponzi schemes https://www.theinfostride.com/sec-decries-investor-preference-for-ponzi-schemes/ https://www.theinfostride.com/sec-decries-investor-preference-for-ponzi-schemes/#respond Mon, 12 Jan 2026 14:59:27 +0000 https://www.theinfostride.com/?p=438247   The Securities and Exchange Commission (SEC) has expressed deep concern over the increasing number of investors falling prey to Ponzi schemes. The regulator warns that such fraudulent investment operations promise high returns with little or no risk, but ultimately collapse, causing significant financial losses to unsuspecting investors. The SEC noted that despite repeated public [...]

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]]> https://www.theinfostride.com/sec-decries-investor-preference-for-ponzi-schemes/feed/ 0 SEC Says Upcoming Summit Will Focus on Technology-Driven Compliance Systems https://www.theinfostride.com/sec-says-upcoming-summit-will-focus-on-technology-driven-compliance-systems/ https://www.theinfostride.com/sec-says-upcoming-summit-will-focus-on-technology-driven-compliance-systems/#respond Fri, 21 Nov 2025 18:33:20 +0000 https://www.theinfostride.com/?p=472067 The Securities and Exchange Commission (SEC) has announced that its forthcoming summit will place strong emphasis on technology-driven compliance as Nigeria’s capital market continues to adjust to global shifts in digital regulation, risk management, and investor protection. According to the commission, the summit is expected to bring together regulators, fintech innovators, market operators, policy experts, [...]

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]]> https://www.theinfostride.com/sec-says-upcoming-summit-will-focus-on-technology-driven-compliance-systems/feed/ 0 SEC and FMBN Partner to Address Nigeria’s Housing Deficit https://www.theinfostride.com/sec-and-fmbn-partner-to-address-nigerias-housing-deficit/ https://www.theinfostride.com/sec-and-fmbn-partner-to-address-nigerias-housing-deficit/#respond Mon, 17 Nov 2025 13:15:26 +0000 https://www.theinfostride.com/?p=471744 The Securities and Exchange Commission (SEC) and the Federal Mortgage Bank of Nigeria (FMBN) have announced a strategic collaboration aimed at addressing the country’s persistent housing deficit, with a focus on increasing affordable housing supply and mobilizing private sector investment in the housing sector. The partnership is expected to create innovative financing solutions, improve access [...]

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]]> https://www.theinfostride.com/sec-and-fmbn-partner-to-address-nigerias-housing-deficit/feed/ 0 Nigerians Lose N300.2bn to Fraudulent Schemes — SEC Warns Public on Investment Scams https://www.theinfostride.com/nigerians-lose-n300-2bn-to-fraudulent-schemes-sec-warns-public-on-investment-scams/ https://www.theinfostride.com/nigerians-lose-n300-2bn-to-fraudulent-schemes-sec-warns-public-on-investment-scams/#respond Sat, 01 Nov 2025 12:28:10 +0000 https://www.theinfostride.com/?p=470568 The Securities and Exchange Commission (SEC) has revealed that Nigerians have collectively lost about N300.2 billion to fraudulent investment schemes in the past few years, raising concerns about the alarming rise of unregistered financial platforms operating across the country.According to the SEC, these losses stem from the activities of unlicensed fund managers, Ponzi operators, and [...]

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]]> https://www.theinfostride.com/nigerians-lose-n300-2bn-to-fraudulent-schemes-sec-warns-public-on-investment-scams/feed/ 0 FRC, SEC Advocate Ethical Governance at SCGN’s 20th Anniversary Celebration https://www.theinfostride.com/frc-sec-advocate-ethical-governance-at-scgns-20th-anniversary-celebration/ https://www.theinfostride.com/frc-sec-advocate-ethical-governance-at-scgns-20th-anniversary-celebration/#respond Sat, 11 Oct 2025 17:53:30 +0000 https://www.theinfostride.com/?p=468832 Nigeria’s drive toward stronger corporate ethics and responsible governance received renewed momentum as the Financial Reporting Council (FRC) and the Securities and Exchange Commission (SEC) jointly championed the call for higher ethical standards in the private and public sectors. This took place during the 20th anniversary celebration of the Society for Corporate Governance Nigeria (SCGN) [...]

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]]> https://www.theinfostride.com/frc-sec-advocate-ethical-governance-at-scgns-20th-anniversary-celebration/feed/ 0 SEC Slaps N50.145 Million Fine on Stanbic IBTC Capital Over GTCO Share Offer https://www.theinfostride.com/sec-slaps-n50-145-million-fine-on-stanbic-ibtc-capital-over-gtco-share-offer/ https://www.theinfostride.com/sec-slaps-n50-145-million-fine-on-stanbic-ibtc-capital-over-gtco-share-offer/#respond Sun, 05 Oct 2025 13:16:08 +0000 https://www.theinfostride.com/?p=468303 The Securities and Exchange Commission (SEC) has imposed a fine of N50.145 million on Stanbic IBTC Capital Limited, in connection with regulatory breaches tied to Guaranty Trust Holding Company Plc’s (GTCO) public share offer. The penalty was disclosed in the half-year 2025 financial report of Stanbic IBTC Holdings and underscores the need for closer regulatory [...]

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]]> https://www.theinfostride.com/sec-slaps-n50-145-million-fine-on-stanbic-ibtc-capital-over-gtco-share-offer/feed/ 0 SEC Moves to Align With Global Sustainability Standards https://www.theinfostride.com/sec-moves-to-align-with-global-sustainability-standards/ https://www.theinfostride.com/sec-moves-to-align-with-global-sustainability-standards/#respond Tue, 16 Sep 2025 08:16:43 +0000 https://www.theinfostride.com/?p=466686 The Securities and Exchange Commission (SEC) has announced plans to formally adopt international sustainability standards as part of its ongoing reforms to strengthen Nigeria’s capital market and align with global best practices. This move comes at a time when regulators worldwide are prioritising environmental, social, and governance (ESG) principles to drive sustainable finance, improve transparency, [...]

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]]> https://www.theinfostride.com/sec-moves-to-align-with-global-sustainability-standards/feed/ 0 SEC Director General to deliver keynote address at the Comercio Economic Outlook conference https://www.theinfostride.com/sec-director-general-to-deliver-keynote-address-at-the-comercio-economic-outlook-conference/ https://www.theinfostride.com/sec-director-general-to-deliver-keynote-address-at-the-comercio-economic-outlook-conference/#respond Mon, 21 Jul 2025 16:58:30 +0000 https://www.theinfostride.com/?p=462556 The Director General of the Securities and Exchange Commission (SEC) has been confirmed as the keynote speaker at the upcoming Comercio Economic Outlook conference, signaling the event’s importance and the regulator’s support for forward-looking economic discourse in Nigeria. The announcement underscores the SEC’s commitment to engaging with the broader financial and investment community at a [...]

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]]> https://www.theinfostride.com/sec-director-general-to-deliver-keynote-address-at-the-comercio-economic-outlook-conference/feed/ 0 Virtual asset scams undermine investor confidence – SEC https://www.theinfostride.com/virtual-asset-scams-undermine-investor-confidence-sec/ https://www.theinfostride.com/virtual-asset-scams-undermine-investor-confidence-sec/#respond Fri, 11 Jul 2025 15:24:53 +0000 https://www.theinfostride.com/?p=461683 The Securities and Exchange Commission (SEC) has raised fresh concerns about the rising wave of fraud and scams in Nigeria’s virtual asset space, warning that such activities are steadily eroding investor confidence and threatening the integrity of the financial system. Speaking during an event to mark the African Union Anti-Corruption Day in Abuja, the Director-General [...]

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]]> https://www.theinfostride.com/virtual-asset-scams-undermine-investor-confidence-sec/feed/ 0 SEC Unveils Capital Market Technology Survey https://www.theinfostride.com/sec-unveils-capital-market-technology-survey/ https://www.theinfostride.com/sec-unveils-capital-market-technology-survey/#respond Sun, 11 May 2025 22:22:59 +0000 https://www.theinfostride.com/?p=410274 The Securities and Exchange Commission (SEC) of Nigeria has launched a comprehensive technology adoption survey aimed at assessing the integration of advanced digital tools among registered Capital Market Operators (CMOs). This initiative underscores the SEC’s commitment to fostering innovation, enhancing market efficiency, and ensuring investor protection within Nigeria’s capital market. Objectives of the Survey The [...]

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]]> https://www.theinfostride.com/sec-unveils-capital-market-technology-survey/feed/ 0 SEC Cautions Public Against Investing in Pro-Vest and Similar Schemes https://www.theinfostride.com/sec-cautions-public-against-investing-in-pro-vest-and-similar-schemes/ https://www.theinfostride.com/sec-cautions-public-against-investing-in-pro-vest-and-similar-schemes/#respond Sat, 08 Mar 2025 03:30:27 +0000 https://www.theinfostride.com/?p=404782 Investment scams have been on the rise in recent years, with many fraudulent schemes luring individuals with promises of high returns in a short period. The SEC, as Nigeria’s primary financial regulatory body, has the responsibility of overseeing investment activities to ensure they comply with legal and ethical standards. In its latest statement, the commission [...]

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]]> https://www.theinfostride.com/sec-cautions-public-against-investing-in-pro-vest-and-similar-schemes/feed/ 0 SEC Warns Operators of Penalties for Non-Renewal of Registration https://www.theinfostride.com/sec-warns-operators-of-penalties-for-non-renewal-of-registration/ https://www.theinfostride.com/sec-warns-operators-of-penalties-for-non-renewal-of-registration/#respond Mon, 20 Jan 2025 10:11:28 +0000 https://www.theinfostride.com/?p=401117 The Securities and Exchange Commission (SEC) has issued a stern warning to market operators, emphasizing that failure to renew their registration could result in hefty fines and other regulatory actions. The directive is part of SEC’s ongoing efforts to ensure compliance and maintain transparency in Nigeria’s capital market. In a recent circular, SEC reminded operators [...]

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]]> https://www.theinfostride.com/sec-warns-operators-of-penalties-for-non-renewal-of-registration/feed/ 0 SEC DG, Industry Leaders Honored with CIS Fellowship for Excellence in Capital Markets https://www.theinfostride.com/sec-dg-industry-leaders-honored-with-cis-fellowship-for-excellence-in-capital-markets/ https://www.theinfostride.com/sec-dg-industry-leaders-honored-with-cis-fellowship-for-excellence-in-capital-markets/#respond Thu, 14 Nov 2024 21:47:28 +0000 https://www.theinfostride.com/?p=394184 The Chartered Institute of Stockbrokers (CIS) has awarded fellowship honors to key figures in Nigeria’s financial sector, including the Director-General of the Securities and Exchange Commission (SEC), Mr. Lamido Yuguda. The fellowship awards, one of the most prestigious recognitions in Nigeria’s capital market, were presented at a recent ceremony held to acknowledge individuals for their [...]

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]]> https://www.theinfostride.com/sec-dg-industry-leaders-honored-with-cis-fellowship-for-excellence-in-capital-markets/feed/ 0 Harness Capital Market Potential, SEC Urges Stockbrokers https://www.theinfostride.com/harness-capital-market-potential-sec-urges-stockbrokers/ https://www.theinfostride.com/harness-capital-market-potential-sec-urges-stockbrokers/#respond Sun, 10 Nov 2024 19:04:19 +0000 https://www.theinfostride.com/?p=393514 The Securities and Exchange Commission (SEC) has called on stockbrokers in Nigeria to fully harness the potential of the country’s capital market to foster economic growth and ensure financial stability. In a recent statement, the SEC emphasized that the stockbroking community plays a crucial role in driving the market forward, urging them to take advantage [...]

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]]> https://www.theinfostride.com/harness-capital-market-potential-sec-urges-stockbrokers/feed/ 0 SEC Postpones Stakeholders’ Meeting Due to Regulatory Commitments https://www.theinfostride.com/sec-postpones-stakeholders-meeting-due-to-regulatory-commitments/ https://www.theinfostride.com/sec-postpones-stakeholders-meeting-due-to-regulatory-commitments/#respond Sun, 03 Nov 2024 21:56:13 +0000 https://www.theinfostride.com/?p=393066 The Securities and Exchange Commission (SEC) has announced the postponement of its scheduled stakeholders’ meeting, citing regulatory obligations that require immediate attention. Originally slated to convene industry leaders and financial stakeholders, the meeting was intended to address recent developments in Nigeria’s financial markets, regulatory reforms, and evolving policies affecting the investment sector. However, due to [...]

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]]> https://www.theinfostride.com/sec-postpones-stakeholders-meeting-due-to-regulatory-commitments/feed/ 0 SEC to Integrate Cybersecurity, AI into Curriculum for Financial Sector Training https://www.theinfostride.com/sec-to-integrate-cybersecurity-ai-into-curriculum-for-financial-sector-training/ https://www.theinfostride.com/sec-to-integrate-cybersecurity-ai-into-curriculum-for-financial-sector-training/#respond Thu, 31 Oct 2024 18:02:15 +0000 https://www.theinfostride.com/?p=392870 The Securities and Exchange Commission (SEC) has announced plans to incorporate cybersecurity and artificial intelligence (AI) into its curriculum as part of a broader effort to modernize training standards within Nigeria’s financial sector. The review aims to equip finance professionals with the knowledge and skills to address the rapidly evolving digital landscape, particularly as technology [...]

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]]> https://www.theinfostride.com/sec-to-integrate-cybersecurity-ai-into-curriculum-for-financial-sector-training/feed/ 0 CBN, SEC sanction 10 banks for forex violations https://www.theinfostride.com/cbn-sec-sanction-10-banks-for-forex-violations/ https://www.theinfostride.com/cbn-sec-sanction-10-banks-for-forex-violations/#respond Thu, 17 Oct 2024 20:48:43 +0000 https://www.theinfostride.com/?p=391218 The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have imposed sanctions on 10 banks for violating foreign exchange (forex) regulations. The financial institutions faced penalties for actions that include unauthorized foreign exchange transactions, failure to comply with regulatory guidelines, and breaches of market conduct rules. The sanctions are part of [...]

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]]> https://www.theinfostride.com/cbn-sec-sanction-10-banks-for-forex-violations/feed/ 0 Analysts criticize KuCoin’s 7.5% VAT on Crypto transactions, urge for clear regulations in Nigeria https://www.theinfostride.com/analysts-criticize-kucoins-7-5-vat-on-crypto-transactions-urge-for-clear-regulations-in-nigeria/ https://www.theinfostride.com/analysts-criticize-kucoins-7-5-vat-on-crypto-transactions-urge-for-clear-regulations-in-nigeria/#respond Wed, 17 Jul 2024 15:11:13 +0000 https://www.theinfostride.com/?p=383629 KuCoin, a leading cryptocurrency exchange in Nigeria, announced it would resume a 7.5% Value Added Tax (VAT) on all crypto transactions starting July 8, 2024. The decision, communicated to registered users via email, has sparked significant backlash within the Nigerian crypto community. The reintroduction of the VAT is seen as a move by Nigeria’s Federal [...]

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]]> https://www.theinfostride.com/analysts-criticize-kucoins-7-5-vat-on-crypto-transactions-urge-for-clear-regulations-in-nigeria/feed/ 0 SEC unveils 2024 framework for banking sector capitalisation programme https://www.theinfostride.com/sec-unveils-2024-framework-for-banking-sector-capitalisation-programme/ https://www.theinfostride.com/sec-unveils-2024-framework-for-banking-sector-capitalisation-programme/#respond Fri, 21 Jun 2024 18:39:55 +0000 https://www.theinfostride.com/?p=381033 The Securities and Exchange Commission (SEC) has published its comprehensive framework for the 2024 banking sector capitalisation programme. Released on the Commission’s website on Friday, the framework provides detailed guidance for banks, holding companies, and market participants to successfully navigate the recapitalisation process. This initiative responds to a recent mandate from the Central Bank of [...]

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]]> https://www.theinfostride.com/sec-unveils-2024-framework-for-banking-sector-capitalisation-programme/feed/ 0 Recapitalization: Rights Issue will shield banks from hostile takeovers – Onukwe https://www.theinfostride.com/recapitalization-rights-issue-will-shield-banks-from-hostile-takeovers-onukwe/ https://www.theinfostride.com/recapitalization-rights-issue-will-shield-banks-from-hostile-takeovers-onukwe/#respond Thu, 20 Jun 2024 19:40:51 +0000 https://www.theinfostride.com/?p=380926 Mr. Sam Onukwue is the Chairman of the Association of Securities Dealing Houses of Nigeria (ASHON) and a Fellow of the Chartered Institute of Stockbrokers (CIS).  In this interview, he spoke on a range of market development issues including the current recapitalization process in the banking industry.  Should we expect an active Primary Market any [...]

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]]> https://www.theinfostride.com/recapitalization-rights-issue-will-shield-banks-from-hostile-takeovers-onukwe/feed/ 0 Ethereum gains 3.8% as SEC drops its investigation on status of asset https://www.theinfostride.com/ethereum-gains-3-8-as-sec-drops-its-investigation-on-status-of-asset/ https://www.theinfostride.com/ethereum-gains-3-8-as-sec-drops-its-investigation-on-status-of-asset/#respond Thu, 20 Jun 2024 19:19:47 +0000 https://www.theinfostride.com/?p=380920 Ethereum, despite the general market bleed out, gained nearly 4% as the United States Securities and Exchange Commission (SEC) closed its investigation on the crypto asset without filing charges. The news was broken by Consensys via a tweet on X where they announced the closure of the “ Ethereum 2.0 “ investigation by the SEC without the [...]

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]]> https://www.theinfostride.com/ethereum-gains-3-8-as-sec-drops-its-investigation-on-status-of-asset/feed/ 0 New SEC Team Gets Go-Ahead from Nigerian Senate https://www.theinfostride.com/new-sec-team-gets-go-ahead-from-nigerian-senate/ https://www.theinfostride.com/new-sec-team-gets-go-ahead-from-nigerian-senate/#respond Tue, 28 May 2024 21:08:22 +0000 https://www.theinfostride.com/?p=379289 The Senate Committee on Capital Market has approved Dr. Emomotimi Agama as the Director-General of the Securities and Exchange Commission (SEC), along with other nominees. The Committee, chaired by Senator Osita Izunaso, also cleared Frana Chukwuogor as Executive Commissioner, Legal and Enforcement; Mr. Bola Ajomale, Executive Commissioner, Operations; and Mrs. Samiya Usman, Executive Commissioner, Corporate [...]

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]]> https://www.theinfostride.com/new-sec-team-gets-go-ahead-from-nigerian-senate/feed/ 0 House of Reps issue 21-day order to SEC and FRC to reconcile N45billion operational surplus https://www.theinfostride.com/house-of-reps-issue-21-day-order-to-sec-and-frc-to-reconcile-n45billion-operational-surplus/ https://www.theinfostride.com/house-of-reps-issue-21-day-order-to-sec-and-frc-to-reconcile-n45billion-operational-surplus/#respond Sat, 20 Apr 2024 06:03:05 +0000 https://www.theinfostride.com/?p=376130 The House of Representatives Public Accounts Committee has mandated the Securities and Exchange Commission (SEC) and Fiscal Responsibility Commission (FRC) to reconcile the N45 billion unremitted operating surplus from 2007 to 2021 within 21 days. During a public hearing on government revenue leakages in Abuja, the Chairman of the committee, Hon. Bamidele Salam issued the [...]

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]]> https://www.theinfostride.com/house-of-reps-issue-21-day-order-to-sec-and-frc-to-reconcile-n45billion-operational-surplus/feed/ 0 SEC Initiates Strategic Measures for Infrastructure Financing Boost https://www.theinfostride.com/sec-initiates-strategic-measures-for-infrastructure-financing-boost/ https://www.theinfostride.com/sec-initiates-strategic-measures-for-infrastructure-financing-boost/#respond Sun, 19 Nov 2023 23:12:12 +0000 https://www.theinfostride.com/?p=361264 The Director-General of the Securities and Exchange Commission, Lamido Yuguda, expressed the commission’s focus on infrastructure financing through the capital market in the upcoming year. Yuguda made this announcement during the third quarter post-Capital Market Committee press briefing held in Lagos, as reported by InfoStride News. In outlining the Commission’s goals for 2024, Yuguda emphasized [...]

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]]> https://www.theinfostride.com/sec-initiates-strategic-measures-for-infrastructure-financing-boost/feed/ 0 SEC Greenlights Royal Exchange Plc’s 4.116 Billion Share Boost Proposal https://www.theinfostride.com/sec-greenlights-royal-exchange-plcs-4-116-billion-share-boost-proposal/ https://www.theinfostride.com/sec-greenlights-royal-exchange-plcs-4-116-billion-share-boost-proposal/#respond Fri, 10 Nov 2023 17:24:50 +0000 https://www.theinfostride.com/?p=360167 Royal Exchange Plc has successfully secured approval from the Securities and Exchange Commission (SEC) to proceed with the signing ceremony for its proposed right issue involving 4.116 billion ordinary shares, each valued at 50 kobo. This significant development marks a strategic move for the company and is detailed in a notice addressed to the Nigerian [...]

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]]> https://www.theinfostride.com/sec-greenlights-royal-exchange-plcs-4-116-billion-share-boost-proposal/feed/ 0 SEC Targets N5 Trillion in Shari’ah-Compliant Listings by 2025 https://www.theinfostride.com/sec-targets-n5-trillion-in-shariah-compliant-listings-by-2025/ https://www.theinfostride.com/sec-targets-n5-trillion-in-shariah-compliant-listings-by-2025/#respond Fri, 27 Oct 2023 08:14:44 +0000 https://www.theinfostride.com/?p=358452 The Securities and Exchange Commission (SEC) has, once again, demonstrated its unwavering commitment to a visionary goal: the achievement of 50 listings of Shari’ah-compliant products with a combined market capitalization of approximately N5 trillion by 2025. The ambition of this mission was reiterated by Mr. Lamido Yuguda, the Director-General of the SEC, during a recently [...]

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]]> https://www.theinfostride.com/sec-targets-n5-trillion-in-shariah-compliant-listings-by-2025/feed/ 0 SEC Urges Swift AI Financial Regulation to Avert Crisis https://www.theinfostride.com/sec-urges-swift-ai-financial-regulation-to-avert-crisis/ https://www.theinfostride.com/sec-urges-swift-ai-financial-regulation-to-avert-crisis/#respond Fri, 27 Oct 2023 08:04:04 +0000 https://www.theinfostride.com/?p=358441 The head of the United States Securities and Exchange Commission (SEC), Gary Gensler, has issued a stark warning about the urgent need for financial regulators to address the potential risks associated with the concentration of power in artificial intelligence (AI) platforms. Gensler’s apprehension stems from his belief that, without prompt intervention, the widespread adoption and [...]

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]]> https://www.theinfostride.com/sec-urges-swift-ai-financial-regulation-to-avert-crisis/feed/ 0 SEC’s Urgent Alert: AI Threatens Financial Crisis says Regulation Needed https://www.theinfostride.com/secs-urgent-alert-ai-threatens-financial-crisis-says-regulation-needed/ https://www.theinfostride.com/secs-urgent-alert-ai-threatens-financial-crisis-says-regulation-needed/#respond Wed, 25 Oct 2023 23:04:06 +0000 https://www.theinfostride.com/?p=358265 The Chair of the US Securities and Exchange Commission (SEC), Gary Gensler, has issued a stark warning about the urgent need for financial regulators to address the risks associated with the increasing concentration of power within artificial intelligence (AI) platforms. Gensler emphasized that without prompt intervention, the financial industry could face a potential crisis driven [...]

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]]> https://www.theinfostride.com/secs-urgent-alert-ai-threatens-financial-crisis-says-regulation-needed/feed/ 0 SEC Urges Swift AI Regulation to Avert Financial Crisis https://www.theinfostride.com/sec-urges-swift-ai-regulation-to-avert-financial-crisis/ https://www.theinfostride.com/sec-urges-swift-ai-regulation-to-avert-financial-crisis/#respond Mon, 16 Oct 2023 20:30:35 +0000 https://www.theinfostride.com/?p=357285 The Chair of the US Securities and Exchange Commission (SEC), Gary Gensler, has issued a stark warning regarding the urgent need for financial regulators to address the risks associated with the increasing concentration of power in artificial intelligence (AI) platforms. He emphasized that if swift intervention is not undertaken, it is “nearly unavoidable” that AI [...]

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]]> https://www.theinfostride.com/sec-urges-swift-ai-regulation-to-avert-financial-crisis/feed/ 0 SEC kicks against operations of Poyoyo Investment, FinAfrica Investment Ltd https://www.theinfostride.com/sec-kicks-against-operations-of-poyoyo-investment-finafrica-investment-ltd/ https://www.theinfostride.com/sec-kicks-against-operations-of-poyoyo-investment-finafrica-investment-ltd/#respond Wed, 29 Dec 2021 16:17:22 +0000 https://www.theinfostride.com/?p=315589 The Securities and Exchange Commission (SEC) has laid out a warning to the public over the activities of FinAfrica Investment Ltd and Poyoyo Investment, stating that the companies have not been approved by the Commission and operate as Ponzi schemes. The SEC made this known in a circular by the management of the SEC and [...]

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]]> https://www.theinfostride.com/sec-kicks-against-operations-of-poyoyo-investment-finafrica-investment-ltd/feed/ 0 Senate, SEC trade battles over spending of revenues on salaries https://www.theinfostride.com/senate-sec-trade-battles-over-spending-of-revenues-on-salaries/ https://www.theinfostride.com/senate-sec-trade-battles-over-spending-of-revenues-on-salaries/#respond Thu, 18 Nov 2021 20:33:39 +0000 https://www.theinfostride.com/?p=313030 The Senate has battled with Securities and Exchange Commission (SEC) overspending of revenues made by the commission largely on salaries and emoluments of its staff. The Senate, through its Committee on Capital Market, said it was wrong for SEC to have expended close to 90 per cent of revenues made in the 2021 fiscal year [...]

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]]> https://www.theinfostride.com/senate-sec-trade-battles-over-spending-of-revenues-on-salaries/feed/ 0 SEC advertises and support green issuance from subnational, others to attract FDI https://www.theinfostride.com/sec-advertises-and-support-green-issuance-from-subnational-others-to-attract-fdi/ https://www.theinfostride.com/sec-advertises-and-support-green-issuance-from-subnational-others-to-attract-fdi/#respond Wed, 10 Nov 2021 21:06:01 +0000 https://www.theinfostride.com/?p=312427 The Securities and Exchange Commission (SEC) has emphasized the need to facilitate the issuance of green and sustainable instruments in the Nigerian capital market to assist in financing solar energy and other environmentally friendly infrastructure. Director-General of the SEC, Lamido Yuguda stated this during the Environmental, Social and Governance Roundtable organised by the CFA Society [...]

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]]> https://www.theinfostride.com/sec-advertises-and-support-green-issuance-from-subnational-others-to-attract-fdi/feed/ 0 Court again let go ex-SEC boss’ case https://www.theinfostride.com/court-again-let-go-ex-sec-boss-case/ https://www.theinfostride.com/court-again-let-go-ex-sec-boss-case/#respond Fri, 29 Oct 2021 22:59:01 +0000 https://www.theinfostride.com/?p=311532 An FCT High Court sitting at Apo has discharged the former Director-General of the Securities and Exchange Commission (SEC), Dr Mounir Gwarzo, from the offence of conferring unfair and corrupt advantage on himself. Delivering the ruling, which came by an application for a no-case submission, Justice Olukayode Adeniyi, held that the law placed a duty [...]

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]]> https://www.theinfostride.com/court-again-let-go-ex-sec-boss-case/feed/ 0 Capital market can bridge infrastructure gap says SEC https://www.theinfostride.com/capital-market-can-bridge-infrastructure-gap-says-sec/ https://www.theinfostride.com/capital-market-can-bridge-infrastructure-gap-says-sec/#respond Mon, 18 Oct 2021 22:17:16 +0000 https://www.theinfostride.com/?p=310731 The Securities and Exchange Commission has again confirmed that the capital market possess the potentials to bridge the infrastructure gap in the country as well as aid economic development. This was established by Executive Commissioner Operations of the SEC, Mr Dayo Obisan at the annual conference/30th anniversary of the Finance Correspondents Association of Nigeria with [...]

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]]> https://www.theinfostride.com/capital-market-can-bridge-infrastructure-gap-says-sec/feed/ 0 Capital market shivers as Senate escalates fear of SEC insolvency https://www.theinfostride.com/capital-market-shivers-as-senate-escalates-fear-of-sec-insolvency/ https://www.theinfostride.com/capital-market-shivers-as-senate-escalates-fear-of-sec-insolvency/#respond Tue, 07 Sep 2021 21:54:49 +0000 https://www.theinfostride.com/?p=307495 The Securities and Exchange Commission’s (SEC) financial crisis has sent panic down the spine of the capital market community, with many heads in between their legs that the Commission would be compelled to cut its personnel costs and perhaps retrench workers if the situation does not improve. While testifying before the Senate Joint Committees on [...]

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]]> https://www.theinfostride.com/capital-market-shivers-as-senate-escalates-fear-of-sec-insolvency/feed/ 0 Former Netflix engineers charged with insider trading https://www.theinfostride.com/former-netflix-engineers-charged-with-insider-trading/ https://www.theinfostride.com/former-netflix-engineers-charged-with-insider-trading/#respond Sat, 28 Aug 2021 21:08:01 +0000 https://www.theinfostride.com/?p=305160 The Securities and Exchange Commission (SEC) has charged three former Netflix engineers with being part of a “long-running” insider trading scheme, the agency announced. The engineers and two close associates allegedly traded on confidential information about Netflix’s subscriber growth, generating more than $3 million in total profit. According to the SEC complaint, while employed at [...]

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]]> https://www.theinfostride.com/former-netflix-engineers-charged-with-insider-trading/feed/ 0 SEC collaborates with RIMAN to deepen capital market https://www.theinfostride.com/sec-collaborates-with-riman-to-deepen-capital-market/ https://www.theinfostride.com/sec-collaborates-with-riman-to-deepen-capital-market/#respond Tue, 17 Aug 2021 18:58:40 +0000 https://www.theinfostride.com/?p=304133 The Securities and Exchange Commission (SEC) has expressed its readiness to collaborate with the Risk Management Association of Nigeria (RIMAN) in its quest to make more products available in the capital market as well as deepen the market. Mr Lamido Yuguda, the Director-General of the SEC, stated this in a goodwill message on RIMAN 20th [...]

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]]> https://www.theinfostride.com/sec-collaborates-with-riman-to-deepen-capital-market/feed/ 0 Once Again, SEC warns against patronage of ponzi schemes https://www.theinfostride.com/once-again-sec-warns-against-patronage-of-ponzi-schemes/ https://www.theinfostride.com/once-again-sec-warns-against-patronage-of-ponzi-schemes/#respond Tue, 17 Aug 2021 18:28:58 +0000 https://www.theinfostride.com/?p=304112 The Securities and Exchange Commission (SEC) has once again, bemoaned the proliferation of fraudulent investment outfits in the capital market, urging investors to desist from patronising of such illegal operators. he Director-General of SEC, Lamido Yuguda, while speaking at the second post-Capital Market Committee (CMC) virtual media briefing held at the weekend, urged Nigerians to [...]

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]]> https://www.theinfostride.com/once-again-sec-warns-against-patronage-of-ponzi-schemes/feed/ 0 SEC secures AfDB grant to boost investor protection, regulation https://www.theinfostride.com/sec-secures-afdb-grant-to-boost-investor-protection-regulation/ https://www.theinfostride.com/sec-secures-afdb-grant-to-boost-investor-protection-regulation/#respond Fri, 13 Aug 2021 19:10:35 +0000 https://www.theinfostride.com/?p=303743 …Investors’ wealth rises by N163b in three trading days The Securities and Exchange Commission (SEC) has received financing from the African Development Bank (AFDB) to strengthen its regulatory capacity, especially in the areas of investor protection and minimising systemic risk. The grant from the AfDB Group/Capital Markets Development Trust Fund is to finance risk-based supervision [...]

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]]> https://www.theinfostride.com/sec-secures-afdb-grant-to-boost-investor-protection-regulation/feed/ 0 SEC, Oando reach truce to protect shareholders https://www.theinfostride.com/sec-oando-reach-truce-to-protect-shareholders/ https://www.theinfostride.com/sec-oando-reach-truce-to-protect-shareholders/#respond Tue, 20 Jul 2021 22:53:16 +0000 https://www.theinfostride.com/?p=301441 After four years of rift, the Securities and Exchange Commission (SEC) yesterday, announced that it has entered into a settlement with Oando Plc in the interest of the shareholders of the company and the capital market. This was contained in a circular released and signed by the management of the commission yesterday. According to the [...]

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]]> https://www.theinfostride.com/sec-oando-reach-truce-to-protect-shareholders/feed/ 0 SEC mulls N10 million registration fees for issuing houses, fund managers https://www.theinfostride.com/sec-mulls-n10-million-registration-fees-for-issuing-houses-fund-managers/ https://www.theinfostride.com/sec-mulls-n10-million-registration-fees-for-issuing-houses-fund-managers/#respond Thu, 15 Jul 2021 12:13:45 +0000 https://www.theinfostride.com/?p=300808 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. SEC disclosed this in a document titled, “Exposure of Proposed New Rule and Sundry Amendments to the Rules and Regulations of the Commission”, released on Monday. The new amendment showed [...]

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]]> https://www.theinfostride.com/sec-mulls-n10-million-registration-fees-for-issuing-houses-fund-managers/feed/ 0 SEC: MBA Capital and Trading Ltd not registered https://www.theinfostride.com/sec-mba-capital-and-trading-ltd-not-registered/ https://www.theinfostride.com/sec-mba-capital-and-trading-ltd-not-registered/#respond Sat, 26 Jun 2021 01:40:43 +0000 https://www.theinfostride.com/?p=298541 The Securities and Exchange Commission has dispelled insinuations in some sections of the media that MBA Capital and Trading Ltd is a registered capital market operator with the Commission. The clarification was made by the Management of SEC in a statement issued by the Head of Corporate Communications, Efe Ebelo in Abuja on Monday. According [...]

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]]> https://www.theinfostride.com/sec-mba-capital-and-trading-ltd-not-registered/feed/ 0 SEC: Digital platforms will aid financial inclusion https://www.theinfostride.com/sec-digital-platforms-will-aid-financial-inclusion/ https://www.theinfostride.com/sec-digital-platforms-will-aid-financial-inclusion/#respond Fri, 25 Jun 2021 23:52:01 +0000 https://www.theinfostride.com/?p=298528 The Securities and Exchange Commission has stated that it recognizes the importance of digital platforms for democratizing access to capital market products and services for greater financial inclusion in the capital market. This was stated by Director General of the SEC, Lamido Yuguda, who was represented by the Executive Commissioner Legal and Enforcement, Reginald Karawusa, [...]

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]]> https://www.theinfostride.com/sec-digital-platforms-will-aid-financial-inclusion/feed/ 0 GSI Technology, Inc. Reports First-Quarter Fiscal 2015 Results https://www.theinfostride.com/gsi-technology-inc-reports-first-quarter-fiscal-2015-results/ Thu, 31 Jul 2014 20:50:39 +0000 http://www.theinfostride.com/2014/07/gsi-technology-inc-reports-first-quarter-fiscal-2015-results/ SUNNYVALE, CA–(Marketwired – Jul 31, 2014) – GSI Technology, Inc. (NASDAQ: GSIT) today reported financial results for its first fiscal quarter ended June 30, 2014. The Company reported a net loss of $(1.4 million), or $(0.05) per diluted share, on net revenues of $12.9 million for the first quarter of fiscal 2015, compared to a [...]

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]]> Shareholders Petition Securities And Exchange Commission Over Alleged N5.2bn At MTI https://www.theinfostride.com/shareholders-petition-securities-and-exchange-commission-over-alleged-n5-2bn-at-mti/ https://www.theinfostride.com/shareholders-petition-securities-and-exchange-commission-over-alleged-n5-2bn-at-mti/#comments Tue, 28 Jan 2014 09:58:43 +0000 http://www.theinfostride.com/?p=14599 Share holders of Mass Telecommunication Innovation, MTI, Plc have petitioned the Securities and Exchange Commission, SEC, over the involvement of some of its former directors in the fraudulent appropriation, distribution and utilisation of the company’s funds raised from the capital market. . According to the written petition from the shareholders, “between March and April 2008, [...]

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